More socialism for old, rich white people. Please save us from our incompetence and greed!!!!
I think we have lost you a long time ago.
But many of the owners of teams OWN their own companies that wealth was created. Media Moguls like Cuban and Bob Johnson sold at crazy prices and have teams as play things. They often don't make much money on the teams but eventually cash in when the teams are sold. If they don't gain in value they are pissing a lot of money away.
Crazy rich entreprenaurs are not "Fat Cat CEO's". Or do they all look alike to you?
You should be concened with tax revenue and who paid for those arenas. THey are build off the taxpayer and those owners have a responsability to keep the revenue flowing.
So if your so anti owner, you think its ok for players like curry, marbury, etc to feast on the money and not live up? Or, maybe the players need to share with downside as they participate in the upside?
Owners ("rich old white people") put up the capital and take on the risk.
Im not saying the players should not get paid millions, they should get what they can. A player who is playing above his contract should have incentive and an avenue to renegotiate. Likewise, an underperforming asset should also have his contract adjusted downward.
I think the Lebrons and Kobe might be underpaid and should be "franchise" players like the NFL does.