Posted by: conservativecritic | April 16, 2012

IF CORPORATE EXECUTIVES ARE OVERPAID – HOW ABOUT PROMINENT SPORTS FIGURES?

It is impossible to pick up a newspaper or watch TV and not see Obama or one of his minions harping about the “outrageous salaries and bonuses” that America’s chief executives are given.  Some one has to steer America’s economic ships…otherwise there would be no jobs or taxes which Democrats could collect to throw about at silly and failing social programs.

But when its time to take our kids to a major league baseball, football or basketball game, its time to dip into the savings account to pay outrageous prices for a seat somewhere in the third deck…while the professional ball players collect a couple million dollars for 60 minutes of activity.  WHERE’S THE OUTRAGE IN THE WHITE HOUSE ABOUT THESE SALARIES?

It is true that these sports outings provide a few jobs for groundskeepers, beer hawkers and broom pushers who sweep the court at halftime.  And, if we compared the number of hours worked per year(or month or week) for corporate executives versus sports personalities, it gets pretty embarrassing at the least.

The average "joe" making 50 grand a year...

In the year 2010, the average individual income in the United States was about $46,800(things haven’t changed much since then). For the purpose of this exercise we’ll round that up to about 50k. Professional athletes make a lot more money than that.

With all that said, we selected a few elite athletes and pitted them against the average US citizen. It’s pretty interesting. Take a look………

Alex Ovechkin

Ovechkin makes $9 million a year.  He played in 72 games last year. During game 1 of 72, a couple minutes into the second period, Ovechkin earned what the average US citizen earned

Jermaine O’Neal

Last year, someone picked up Jermaine O’Neal’s expiring contract. It was the Miami Heat… We all found out why. Either way, they payed O’Neal close to $23 million last year. The injury plagued star ended up playing in 70 games for a total of 1995 minutes all season. That means (you ready for this kick in the butt).. Jermaine made what you, average Joe makes a year, every 5 minutes.

Carson Palmer – Cincinnati Bengals

Last year, Carson Palmer took home $16 million. He completed 282 passes in 16 games. That’s about 17 passes a game. If Carson completes a pass, he’s already made more than the average citizen by $6,000.

CC Sabathia, Derek Jeter, Alex Rodriguez, Mark Teixeira

This is a fun one. The New York Yankees had 4 of the top paid players in baseball in 2010. Jeter, A-Rod, CC, and Tex totalled about $100 million dollars.  Even though CC was a pitcher, the foursome played a total of 3870 innings. In a game that CC goes the full 9, the four of these guys have earned 5 years salary for average Joe.

Tiger Woods

Tiger Woods didn’t win a bloody thing in 2010. He still made $2.3 million. This does not count the other $70 million he made in endorsements. Here’s the fun.. for the year he shot 8 under par (18 over at Bridgestone hurt him) Either way, if you do the odd math for each stroke under par for the year he earned almost 5 years salary for the average Joe.

**************

Corporate executives who put in a 7 day work week – sometimes 16 hours per day, may earn $10 million per year on average…But, compare the “work time” of a 16 hour work day, 7 days per week for them to the few minutes per week that professional athletes “work”….and then its only a couple of months per year.

Here’s a quick calculation:  corporate executive: 5840 hours worked per year(let’s round it down to 5500 to be fair; and at $10 million per year, that’s about $1800 per hour for our overworked top level exec.

Now, for the sports figure who made $10 million per year, he worked about 3 months of the year at 1 hour per week or about 12 hours (plus some practice time per week – not really “work”) or $833,000 per hour…462 times what executives who keep our country’s economy moving along and providing jobs.

So, the next time you hear President Obama harping about what executives in the industry earn, tell him to button it up and look at sports salaries…

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