![]() ![]() The ‘60s was a time of great political and technological change. 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. Each player received a $87,000 cash prize and 700 square meters of land in the country’s capital Dakar and its suburbs.When it comes to sports, it pays to be at the top of your game. Perhaps no compensation will top the unique bonus Senegalese players earned for qualifying for the World Cup by winning the Africa Cup of Nations in February. AustraliaĪustralian players get a roster bonus of about $150,000 and split a 50% share of any further prize money, putting total potential compensation at about $680,000, according to a report in the Sydney Morning-Herald. Denmarkĭenmark’s players earn a bonus of $124,000 for making the team and can take home as much as $688,000 should the team win it all, according to the Danish players association’s website. German players will earn bonuses of about $415,000 with a World Cup championship, team spokesperson Franziska Wülle told Forbes, with a roughly $52,000 bonus per player should Germany make it to the round of 16, needing a win against Costa Rica on Thursday and a poor result from Japan to do so. But after losing to Ghana on Monday, Korea’s hopes of advancing are all but dashed. Players would also receive $76,000 bonuses for advancing past the group stage and $150,000 in bonuses for reaching the quarterfinals, for a total of about $390,000 if Korea miraculously went undefeated. Thousands of migrant worker deaths are linked to the massive construction undertaken for the tournament.īy comparison, South Korea awarded each player a roughly $15,000 bonus for making the team and will pay them about $23,000 for each win and about $8,000 for each draw, team spokesperson Jay Ahn told Forbes in emailed comments before the World Cup. Qatar spent at least $220 billion on the World Cup, making it by far the most expensive World Cup ever. Critics point to the country’s lack of human rights for certain groups-homosexuality is illegal and women need permission from male guardians to drive or travel abroad-though efforts to boycott the tournament did not pick up much steam. The decision remains highly contentious, with the disgraced former head of FIFA calling the Qatar selection a “mistake” earlier this month. FIFA’s controversial decision to tap Qatar as the site of the 2022 World Cup a decade ago allegedly came after FIFA took bribes from the Qatari government. The American men’s and women’s sides will also split an equal share of the 2023 Women’s World Cup, though that tournament’s prize pool is expected to be about $60 million, about 15% of the Qatar World Cup. ![]() soccer’s unique pay structure, awarding some of the prize money from Qatar to its women’s team, comes after the years-long high-profile labor dispute over the higher pay for the American men’s team despite the women’s team’s long history of outshining the men on the international stage. ![]()
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