Money in Sport
How the flood of private equity, broadcast rights deals, and sovereign wealth into sport has transformed athlete salaries, club valuations, and the economics of fandom.
An NBA bench player earns a guaranteed minimum of one point two million dollars per season. His team covers flights, hotels, meals, coaching, and medical care. He can sit the entire season and collect every dollar. A tennis player ranked one hundredth in the world earns roughly five hundred thousand in prize money. But that tennis player funds everything alone. Coaching costs fifty to one hundred and fifty thousand a year. Travel across four continents costs another one hundred and thirty thousand. Physio, equipment, tournament fees. After expenses, that world class athlete takes home two hundred thousand. Ranked two hundred, they break even. The NBA player carries zero financial risk onto the court. A missed shot costs nothing. A ten game losing streak changes nothing on the paycheck.
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