Effects of rising sports salaries

One does not have to be a genius to understand that professional sports are losing popularity and that players’ salaries have become ridiculous, when comparing wages of regular citizens with unpretentious jobs. It seems absurd that the starting base salary of a Major League Baseball player is the same as what the president of the United States reportedly makes in a year. Rapidly increasing players’ salaries is having a devastating impact in the industry of professional sports because teams are losing money, game attendances are down, and fans are losing respect for athletes and professional sports.

With all the money thrown around in professional sports, it seems unbelievable for us to accept that owners of teams are losing money, but it is true. Players’ salaries have increased so rapidly over the past five years that almost half the teams in the Major League of Baseball have reported losses for the 2001- 2002 season. Additionally, the Pittsburgh Penguins of the National ...