When Did Athletes Start Getting Rich?

Even in today's dollars, Babe Ruth wouldn't have been rolling in dough like so many athletes today. The multi-million dollar sports deals are a phenomenon of our time. Interesting read for any sports enthusiasts out there.

http://www.firmex.com/blog/when-did-athletes-start-getting-rich/

 

If only it included off the field money what would the numbers really look like...

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

Babe Ruth may not have been quite millionaire status in his day, but he would've been considered very well off. In the 70s Walt Frazier was making around 200k, which is probably close to a milly today. Also, different times have different standards of rich.

I'd say probably the 70s was when they started gettin rich, late 80s-early 90s came the ultra rich (see: MJ).

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

for baseball, when the reserve clause was abolished players started getting paid more (1975), before that there was an oligopoly amongst the owners who would collude and essentially fix wages because the players couldn't move on their own. not sure about other sports, but I don't really give a crap, it's entertaining and most of the big names are charitable to some extent. very few people can hurl a football 70 yards serve a tennis ball >120 mph, hit a drive >300yds, dunk a basketball, or hit a 95mph fastball, which is why they get paid so much, they have a skill. if everyone could do it, it wouldn't be special, so we pay to see that.

 

If we use a 6.5USD to 1 Sestertius conversion ratio (it was around $5 in 2010) he would have made $233,110,280.00 over his career. That's just his winnings from the sport. Imagine if he had advertising income as well.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 
Sling Shot:

Yup, this man, an illiterate foreigner, rose to become one of the wealthiest and most powerful Romans of all time. All because he was fast on a horse.

The moral of the story: ordinary people will pay a lot of money to see talented individuals do cool shit. This was two thousand years ago, nothing ever really changes.

four horses! and probably in sandals to boot!
heister: Look at all these wannabe richies hating on an expensive salad. https://arthuxtable.com/
 
Best Response

I can see how it would have played out: After winning each race Gaius gets off his horse and proclaims to the crowd: "Success takes a lot of hard work, but preparation is nothing without the right equipment. And for that, I choose Cicero's Sandals. When I buy Cicero's, I know I'm getting a quality product made with all natural, gluten-free animal skins."

 

Vel at officiis animi dolores maiores amet dolore. Tempore recusandae voluptas quos. Modi illo quae dolores commodi neque.

Ullam ipsam quisquam voluptas. In vero est fugiat expedita nesciunt ea nisi. Fugit delectus enim provident repellendus ullam vero. Eos tenetur a voluptatibus optio beatae.

Adipisci nemo unde facere recusandae. Voluptatem dolor aliquam molestiae est aut eius. Eveniet debitis non expedita temporibus molestiae.

This to all my hatin' folks seeing me getting guac right now..

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
kanon's picture
kanon
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”