Salaries of Professional Athletes

Paper Summary:

This paper discusses the current salaries of professional athletes and their impact on the sports world. The author examines how the skyrocketing salaries have affected experiences and perceptions of fans and negatively impacted professional sports.

From the Paper:

"If you are planning on taking your family to a ball game, be sure to come with your favorite team's t-shirt, your camera and binoculars, and a fat wallet. That's right, be prepared to fork over the cash, because it will cost you upwards of over $250. Athlete salaries have drastically increased over the past couple decades. As these wages continue to mushroom to unprecedented heights, the cost of attending sporting events elevates to new plateaus of its own. In addition to increased ticket prices, which hurt the ability of many fans to go to games, exploding salaries have resulted in greed of players and owners and a lower quality of play in some areas. All of this has left a bad taste in the mouths of even the most die hard sports fans. If current trends continue, professional sports might lose what remains of its integrity and become just another industry where victory is auctioned off to the highest bidder."

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