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Top 5 Overpaid Athletes (May 2012)

I am a huge sports fan. I follow but not watch NBA, NFL, MLB, and NHL.

I used to attend many games (I even spent $160 once for a ticket for a regular season game between Dallas and Phoenix – amazing game and it was worth it being live).

One of the things I hate about professional sports is the incredible money that these athletes make.

Some teams spend money because they have lots of money to spend and can afford a few losses. I look at my investing portfolio like a cheap team like the Oakland A’s in baseball (Moneyball reference).

I try to buy good affordable value stocks that are low but will consistently keep going up!

5. Former Blue Jay, Vernon Wells

In 2008, he was given a seven-year, $128 million deal, which pays him $21 million a season over the next three years.

In 2011, he batted a poor .218, but he had 25 home runs and 66 RBI. Besides the batting average, those numbers are not terrible, but they certainly aren’t worth $21 million.

4. Charles Johnson (NFL)

Who was the highest-paid player in the NFL in 2011?

It is Carolina Panthers defensive end Charles Johnson. Yes, you read that correctly.

According to ESPN The Magazine’s John Mastroberardino, Johnson was the highest-paid player in the NFL with a total paycheck of $34 million.

Shouldn’t the most valuable player or a famous player be the most highly paid?

3. Sam Bradford (NFL)

He is the seventh-best paid player in the league at an average salary of $13 million.

In his only two seasons, Bradford has thrown 24 touchdowns and 21 interceptions in 26 games.

2. Rashard Lewis (NBA)

He is the second-highest-paid player in the NBA.

Lewis will be playing out his final year of this contract for the Washington Wizards with a salary of over $23 million.

This past season, Lewis only played in 28 games, averaging 7.8 points per game.

Ouch!

1. Elton Brand (NBA)

Philadelphia 76ers forward Elton Brand will be finishing out his contract next season, where he will be making over $18 million!

He is paid as one of top 10 players in the league. In 60 games this past season (2011/2012), Brand averaged just 11 points per game and 7.2 rebounds, proof that he continues to be on a decline since his 20-10 days from his prime.

Are there any athletes or sport stars that are overpaid in your opinion?

2 thoughts on “Top 5 Overpaid Athletes (May 2012)”

  1. Wow that is amazing how much those players are making while performing so poorly. Their agents must be laughing all the way to the bank about the contracts they negotiated. Unfortunately once they flop on such a big contract, they sometimes find it tough to find someone who will want them on their team when the contract is up. In hockey you sometimes see overpriced players get stuck in the minors while no team is unwilling to pay their NHL contract price. I don’t follow athlete salaries enough to add anyone else to this list, but for anyone to be making 8 figures a year to play a sport is kinda ridiculous.

  2. I’d be very interested in a similar analysis of pro sport team general managers and owners! My guess is the players–who of course are the only irreplaceable human resource component of pro sports–extract a tiny fraction of the mammoth cash flow generated by professional sports. These guys’ pay sure seems out of whack compared to their peers, but my reaction generally when the media report the latest record-setting pro athlete contract is something like ‘more power to ’em!’

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