President Barack Obama is in the second year of a four-year, $1.6 million deal. Yankees star Alex Rodriguez just finished his second year of a 10-year, $275 million contract.
The sports world makes money. A lot of money. Between their gargantuan contracts and often equally lucrative endorsement deals, players and coaches are among the highest paid people on the planet.
Complaints and concerns are often heard in the media regarding how much professional athletes and coaches make. People wonder why doctors, lawyers and the president of the Unites States make less. In fact, Obama’s salary is identical to the league minimum salary for Major League Baseball in 2009.
Moreover, in collegiate sports, coaches' salaries are skyrocketing as well.
Take local favorite USC for example. Head football coach Pete Carroll made $4.4 million last year, which is four times the amount that college president Steven B. Sample receives.
Most seem to have a quick and logical rebuttal for that.
“Pete Carroll makes more money (for USC) than the president will,” said Efrain Martinez, head football coach at Pierce College.
Martinez makes $12,000 a season.
Pierce quarterback Matt Wabby agrees.
“(Carroll) also brings in more revenue than the president could ever dream of in one football season,” Wabby said.
Nonetheless, Martinez understands why these enormous amounts of money are made. He equates these salaries to stock market investments in that a contract, like stock, involves investment, risk and perhaps gain.
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