albionmoonlight
03-21-2007, 09:34 AM
So Pumpy's bowling thread got me curious, and I googled "Operation Shutdown."
One of the things that I thought was interesting (in addition to what an awesome story it was) was how it brought into focus just how much salaries have grown in professional sports.
Articles written at the time talked about how "The Pirates will still be on the hook for Bell's hefty salary of $4.5 million." Indeed, that was something that all the stories mentioned--how $4.5 million represented a pretty big investment in an athlete.
Now? I don't think that a team would blink an eye at having to eat $4.5 million. They would be too worried about their power forward with bad knees scheduled to make $50 million over the next three years. Or their 38 year old middle reliever that is scheduled to make $15 million next season.
It's interesting how these numbers are so relative. In ten years, we will be saying things like "They got a good deal in locking him up to a long term deal for under $500 million" and it will sound pretty normal. Numbers that big only make sense to us compared to other numbers that big, and since the only other numbers that big tend to be other athlete salaries, we quickly get accustomed to a high rate of inflation.
One of the things that I thought was interesting (in addition to what an awesome story it was) was how it brought into focus just how much salaries have grown in professional sports.
Articles written at the time talked about how "The Pirates will still be on the hook for Bell's hefty salary of $4.5 million." Indeed, that was something that all the stories mentioned--how $4.5 million represented a pretty big investment in an athlete.
Now? I don't think that a team would blink an eye at having to eat $4.5 million. They would be too worried about their power forward with bad knees scheduled to make $50 million over the next three years. Or their 38 year old middle reliever that is scheduled to make $15 million next season.
It's interesting how these numbers are so relative. In ten years, we will be saying things like "They got a good deal in locking him up to a long term deal for under $500 million" and it will sound pretty normal. Numbers that big only make sense to us compared to other numbers that big, and since the only other numbers that big tend to be other athlete salaries, we quickly get accustomed to a high rate of inflation.