:Fanteractive is the place where fans come to Fanteract! :Fanteractive is the place where fans come to Fanteract!

            In today’s world of sports, money has been playing a crucial role in the development of athletes and teams. Professional athletes are making serious amounts of money and has led to the creation of rules and regulations such as the collective bargaining agreement which shows how much money teams can spend on player, how much athletes can make in a given time period, how much an athlete can be paid at minimum and much more.

            A player’s minimum wage is different among all the leagues across sports. In the National Basketball Association it takes in consideration the first season in which a player had a contract to determine the minimum annual salary scale. From that year on, till the contract is over, the minimum wage is set based off of the year in which the contract is signed. 

In the Major league Baseball collective bargaining agreement, the minimum wage is computed by the previous years rate per season plus the adjustments of the cost of living, rounded to the nearest $500. However, this rate cannot go below $500,000. 

In the Major League Soccer, the minimum salary for a senior player goes in increments of $2,500 per year while for reserved player the minimum salaries go in increments of $1,500. Reserved players are obligated to some incentives if they are making less that a senior minimum salary, which include earning addition money for making appearances or starting in a Major League Soccer game.

Another difference is the maximum wage that a player can be paid. In the National Basketball Association, for players that have played under 7 years in the league, the maximum wage would be at 25% of the salary cap effective at the time of the contract or 105% of the prior season’s contract. For player in between 7 and 10 years of in the league, their maximum wage would be at 30% of the salary cap effective at the time. For player who has been in the league for over 10 years are able to receive 35% of the salary cap of the year in which their contract is effective.

In the Major League Soccer league, the maximum salary cannot be more than 12.5% of the team salary budget. However, the Major League Soccer can lower this percentage if they feel that it must be done so.

In Major League Baseball, there is no set salary cap, however there is a luxury tax that is charged on teams which gives the teams reason why they should keep their payrolls lower.

The leagues all vary in different kinds of ways in which they pay their players. Some leagues have a set standard on how much money at maximum a player can make and at minimum how much a player should get paid. Throughout the different collective bargaining agreements, the leagues all show a different amount and way that they calculate how players should get paid.

You may also Interest in...

joelee | 22 Dec, 2018
In today’s world of esports, there have been major endeavors and investments made for top earning games. Recently, NBA 2k and Fortnite were sued for profiting from popular dance moves that the originators take claim over. Yes, dancing can be pr ... Read More
Let’s talk about sports betting, geography, and why I think in the long run, and depending on where you live, it may not matter whether your state makes it legal.   The Professional and Amateur Sports Protection Act of 1992 made it ... Read More
So, where exactly do collage coaches come from? This is a question open for debate. I wanted to talk about college coaches because there is a lot of controversy on who is hired for these positions. College athletics, without a doubt, is a huge busine ... Read More
oliverkaczor | 21 Dec, 2018
Background In October 2018, three former Adidas executives were found guilty in an NCAA corruption trial stemming from bribery payments made to top college basketball recruits in the United States. The parties involved include former Adidas employ ... Read More

Click Here for More Fanager Articles