Quote:
Originally Posted by FlamingLonghorn
It aint exactly capitalism either. Curry didn't have a choice to play with the Warriors or not if he wanted to be in the NBA (they drafted him). And at no point was Curry being paid more than he was worth. Also, salary caps are not capitalism, without them Curry would be making much more money. So you are correct about the owner deserving the rewards, but in a true capitalist market Steph Curry's salary wouldn't be limited by salary caps and maximum salaries. He would be able to go out and say I turned this 450 million dollar business into a 2.6 billion dollar business and teams would definitely pay more than 40 million a year for that. So no, this is not how capitalism works. It's how the sports world works and it's really the only industry in the world that works this way. It benefits the owners at the detriment to the players. Caps were put in place to save the owners from screwing themselves.
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These athletes are doing ok. Steph Curry will make more than 40x that of an Orthopaedic surgeon.
The owners may be making a boatload but paying people who can play sports really well, salaries that completely dwarf the most crucial professions in our society, seems like it perpetuates the problem