OT: Mike Conley Becomes Highest Paid Player In the History Of The NBA
Mike Conley, the starting point guard for the Memphis Grizzlies, has become the highest paid player in the history of the NBA. His contract is reported to be worth 5 years for a whopping $153 million dollars! Holy Shit!
http://espn.go.com/nba/story/_/id/16684308/mike-conley-memphis-grizzlie…
That is the worst thing I've ever heard, and that includes Nickelback.
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Who?
Mike Conley
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Never heard of her.
"Ralph Waldo Picklechips! Never heard of him" -catbug
My reaction exactly. I have literally never heard of him.
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This free agency period has been thoroughly dumb. $9 million per year gets you a solid back-up. I would be SO ANGRY if I had agreed to a multi-year contract last off-season.
Well, I guess you don't need to worry yourself then...
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No wonder Dwayne Wade is "insulted" by his offer of $10 million from the Heat.
Magic had just agreed to a 5 year, 25 million deal, some chump change like that and as the board alludes to, Free Agency made that seem worthless in about a week's time. Things, obviously, did work themselves out in favor of the Magic Man. Remember when he inked that deal we all felt like we did tonight over this guy's, and Magic is on anyone's all time starting five.
but everyone knew this was coming. so if they did their deals last year and didn't give themselves the opt out to hit this year, that's on them. next year will be even more money. That's why guys like durant and LeBron have opted out and will probably only sign 2 year deals with player option after 1.
Very angry, indeed.
Has he found the secret to making a dunk count for three points? Memphis you say? Hmmmmmm....
$153M for five years. Because that's what someone was willing to pay.
But the answer to the lady's question is yes.
Any other off-season I would agree, but this one has been a circus.
If the salary cap had gone up more gradually, that money would be going to other, better players.
I mean, hell, Evan Turner got a four-year/$70 million contract. My 76ers previously traded him for two second round picks....and it wasn't considered a bad trade.
I have to wonder how this is going to play out in the locker rooms. I mean think of your own workplace. If everyone was on a relatively equal pay grade one day, and then the next the dude in the cube next to you is suddenly making 10x more and Janice in accounting is now driving a Range Rover and talking about her second vacation home, that would piss me off a bit.
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Well you should have hired Jerry Macguire as you don't have enough quan.
Too bad as I thought she was kind of hot.
And that's just his real value in an artificially depressed market!
Is that you Pablo Torre? Funny, I heard you say the EXACT same thing on Pardon The Interruption last night.
what someone selse is willing to pay us. That goes for Conley or much much less rich people like any of us. Don't get me wrong--for Conley that amount is nuts--but that's what he's worth today.
You know what his real value is?
$153M for five years. Because that's what someone was willing to pay.
Kinnnndddd of. Actually, in economics, auctions (and free agency is essentially an auction) have a winner's curse, where the winner overestimates the value of what's being auctioned. This happens a lot in sports free agency.
Yeah this is more of a case of someone winning the lotto and buying a gold plated jet ski just because they can. Doesn't mean its a good idea or economical. Just means you can do it. NBA teams have an influx of cash, they all have to spend at least $85M of it, so yeah, why not overpay for something.
And in 3-4 years when NBA rosters are full of these cap binge salaries it won't be such a good idea.
Probably for now, next year guys like KD (assuming he comes back to OKC), LeBron, Westbrook, etc are going to make bank.
Will this inspire him to make an all-star game for the first time?
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wow. he's never been an all-star lol
I mean. He's never even been an all star. He was an all NBA defensive second team.... Once....
This free agency has been fucking terrible
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Mozgof got 65 million
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I think I read where he would be the 4th highest paid player in the nfl
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the tallest.
His career stats:
13.6 PPG
44% FG
5.6 APG
2.9 RPG
80.6% FT
1.5 STLPG
2 TOVPG
Those numbers get you $153 Million over 5??!!!
How do NBA and MLB players make so much more than NFL players? Seems like NFL is the more dangerous employment, not to mention the most popular sport in America. Are the NFL revenues just not that big or what?
That and the size of the team.
MLB 162 games $40 a ticket seats 45k, NBA 82 games $100 a ticket seats 45k. NFL $150 ticket, seats 70k. Do the math.
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NBA stadiums typically seat around 20,000.
But that's beside the point. NBA and MLB rosters are far smaller and in MLB's case there is no artificial cap on a player's value.
of all time. there's 4.5 times the number of players in an NFL roster. do the fucking math.
So sorry to offend your vast intelligence sandiegowolverine. I hope you can find a way to forgive me one day
Here's the rigorous answer. In US pro sports, players get between 35-50% of revenues. That's higher than for a typical business. See:
http://cdn.fangraphs.com/blogs/wp-content/uploads/2015/03/mlb-nfl-nba-p…
Aggregate salaries, as a percentage of revenues, have been generally falling in most sports over the last 20 years. That's mainly cause of two factors: revenues are rising faster than salaries readjust and most of the sports unions have been quasi-broken over the last several years, since lots of players live quasi-paycheck-to-paycheck and can't afford a long strike (or put more charitably, their years of maximum earning power are short and they can't afford a long strike). Either way that gives ownership a huge advantage in labor negotiations.
So before going into the details, keep in mind that aggregate player salaries in the NBA, over the long term, have been going down. NBA players are more screwed than enjoying a windfall.
But, the NBA has some weird salary dynamics. The best NBA players are much more valuable than any other players in any other sports other than, perhaps, NFL QBs, because the better a player is,the more possessions can be funneled to them. LeBron is involved with the vast majority of Cavs possessions. Compare with MLB, where the best players in the top of the lineup only bat like 10% more than the guys batting 8th over the course of the season. So you'd expect the best NBA players to be by far the best paid players in sports - IIRC, LeBron is worth well north of $50M a season in a free market - with guys on the bench taking a disproportionately low share of revenue compared to other sports.
The NBAPA specifically negotiated so that wouldn't happen. First, they agreed to a max salary that's way lower than the "true" value of top players. So there more money left over for average players and scrubs than you'd expect. Second, in exchange for agreeing to a salary cap, they negotiated for a salary floor that's much higher, relatively, than other sports. Both the cap and floor are tied closely to revenue. So effectively all teams have to spend within a narrow band, max players are grossly underpaid and the net result is that salaries for average or worse player get grossly inflated. It's very communist, but it trades the upside of salary inflation (at times, in some sports, players have gotten 50-60% of revenues, much more than NBA players get today) for a guaranteed baseline and higher salaries for the majority of their union (i.e., the shitty players).
For what it's worth, at the time people thought this was an awful deal for the players, but it turned out to be a good result for everyone but the LeBrons of the world. Baseball players refused a cap, but also refused a floor; as a result, the owners figured out ways to drive down salaries with bullshit "competitive balance" rules that they pimped to the public as being a way for small-market teams to compete, but were really thinly-veiled mechanisms to remove the incentive of large-market teams to spend by reducing the marginal revenue a team received when they won. By making mediocrity relatively more profitable, MLB set up the current dynamic where salaries are stagnant (and an ever-shrinking percentage of revenue) and big market teams (the Dodgers excepted) don't really try to spend to win anymore, since the marginal cost per win is greater than the marginal revenue. It acts as a de facto cap without the floor that protects players in the NBA.
Good stuff. I never really paid much attention to it but this helped me to understand. I take it the big NBA stars are ok with this because they get so much in endorsements?
It's 1 - endorsements; 2 - Union selling them out (great players are inherently outvoted; unions always serve the majority of workers at the expense of the best performers); 3 - marginal value of each dollar being less for someone like LeBron than for the second guy off the bench, and the lower max helps players like LeBron win championships.
In the NFL, you see QBs voluntarily reducing salaries bc unless they do, it's basically impossible to win. In the NBA, if you had no max salaries, you'd probably see the same dynamic. Otherwise, at theoretical equilibrium, all players are paid a fair salary for their value and stars just leave less money against the cap to spend on a supporting cast; LeBron teams (which would be LeBron surrounded by scrubs) would be no better than a team of 5 decent guys, assuming everyone performed as expected when the contescts were signed.
without these athletes there is no game.
I wouldn't mind doing without the nba
Then do without it. No one is forcing you to watch.
SAY WHAT?!?
I keep watching thinking eventually she'll accelerate and finally explode, but she never does and my ocd can't handle the lack of conclusion.