#HIGHEST PAID SPORT PROFESSIONAL#
So how did professional athletes go from this to multi-million dollar superstars? 1960’s: Broadcasting rights & collective bargaining In contrast, Australian golfer Adam Scott won $1.44 million at the Masters championship in 2013. In 1955, golfing legend Arnold Palmer had his first professional win at the Canadian Open at Weston Golf and Country Club, pocketing just $2,400. However, this didn’t change much over the next few decades. Gene Sarazen and Walter Hagen each received between $25,000 and $30,000 a year. Professional golfers were among the best paid athletes during this era, with earnings coming from tournaments and contracts with upscale country clubs. Most other players made just a fraction of that, averaging $5,000, and supplementing their income with off-season jobs, like selling cars or insurance. Iconic baseball superstar, Babe Ruth was paid just $80,000 per year – barely over $1 million dollars in today’s terms. The earliest teams in professional football, for example, were run on shoestring budgets, with players being paid as little as $100 to $300 a game, and often traded for similar sums. 1920’s: Shoestring budgets and off-season jobsīack in the 1920’s, the term “professional” sportsmen had a very different meaning. In the last 50 years or so, a number of industry developments have impacted player earnings. However, the salaries of professional athletes didn’t always looks like this. Kobe Bryant (basketball): $61.5 million total earnings Lionel Messi (soccer): $64.7 million total earningsĥ. LeBron James (basketball): $72.3 million total earningsĤ. Cristiano Ronaldo (soccer): $80 million total earningsģ.
Floyd Mayweather (boxer): $105 million total earningsĢ. Highest Paid Athletes 2014, according to Forbesġ. Today, professional athletes stand alongside hedge fund managers, private equity managers, and business tycoons as some of the wealthiest people on the planet. For those who still want to pursue a career in sports, these ten professions offer the greatest financial reward in the sports industry.When it comes to sports, it pays to be at the top of your game. While many dream of a career in sports, being an athlete is only an option for a few. The median salaries of the listed professions were obtained from CareerCast which is a California based career website that ranks the best and worst jobs according to a variety of measures.
The professions are ranked according to their median annual salary. So for those interested in pursuing a career in sports, and those who are not athletes, which professions are the most lucrative? This article lists the ten highest paying jobs in the sports industry. But what about the other professionals in sport-related careers? The annual salaries or contract numbers of public relations managers or physical therapist are not usually disclosed and never make the headlines. Most times a professional coach or athlete is hired, their contracts are disclosed to the public. Everyone knows, or can easily find out, what LeBron James earns. In terms of salaries, most of the focus revolves around the athletes and the sometimes astronomical amounts of money they earn annually. The sports industry offers employment opportunities for a host of professions.
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