canucksfreak19
Verified Trader,
He has signed the richest contract in basketball history. Got the 5yr. $201M super max deal from Golden State. At an average of $40.5M per he is the highest paid athlete in North American team sports.
Steph Curry - 5yr. $201M Contract
- Thread starter canucksfreak19
- Start date
Do they still have enough room to sign Draisaitl? :speechless:
canucksfreak19
Verified Trader,
The Warriors could wind up paying around $40M in luxury tax fees. If they run back the same team.
bsm2030
New Member, Must Send First
$40 mil per year?!? Kind of disgusting considering all the people who are suffering in the world.
weasel-king
Registered Trader,
I'm sorry, but no athlete is worth that much.
canucksfreak19
Verified Trader,
I'm not sure about Curry in particular, but there have been a number of articles, and some economic studies that show that players such as LeBron James, Tom Brady would still be underpaid making $50-75M per year because of the revenue they generate for their teams. They are dramatically underpaid.
I'd love to see the list of assumptions that underlie these "economic studies".
Owner of the Warriors bought the team in 2011 for $450 million - the team is worth over $2 billion now - I'd say it's worth whatever the cost it takes to pay him and keeping the team together - even with the luxury tax
Not arguing that. Just curious about these economic studies and what their assumptions were that enabled them to arrive at that conclusion. For example, how did they quantify the effect of him no longer being on the team? This type of study requires assumptions that would have been overtly stated in the study. Just curious about what they were.
canucksfreak19
Verified Trader,
They are using the MRP formula, Marginal Product x Marginal Revenue. The first looks at the on field/court/ice value of the player. Using advanced metrics to assign wins value to a player, like (WAR Wins Above Replacement) in baseball.
For the latter they are assigning ticket sale, jersey sale, broadcast revenue back to the athletes. The first two are easy enough to do, by looking at year to year money coming from each. The last seems harder to quantify, and I won't pretend to actually understand that.
For the latter they are assigning ticket sale, jersey sale, broadcast revenue back to the athletes. The first two are easy enough to do, by looking at year to year money coming from each. The last seems harder to quantify, and I won't pretend to actually understand that.
Interesting. Thanks for the insights.
canucksfreak19
Verified Trader,
I was listening to a basketball podcast a couple days ago, can't remember which, and it was mentioned that every owner in the NBA got about $320M for this past season. They are all making crazy amounts of money, even with certain players making $30-40M per season.
creasecollector
Verified Trader ,
Crazy money !
Orvy
Verified Trader,
Crazy fans keep paying to go to the games, buy the jerseys, pay for tv all access, etc... I guess if they can make it, all power to them. BUT yes... they don't need that kind of money. I heard the he will be sharing a portion of that with the people of California. Something like 100 million of that will go to taxes... hence why it is so high... matching what his take home pay if he was in other states.
