Wade believes he and other superstars are worth $50M+ in a league with no cap

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 09-30-2011, 03:50 PM         #21
Shakespeare 
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Basketball players are stupid, they're lucky they were born with their physical traits.
 7 years ago '07        #22
joshdogg26 194 heat pts194
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it's ok celtics fans, u don't have to pretend to actually support ur team now that ur preparing to be garbage again
 7 years ago '04        #23
justinjones 312 heat pts312
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wade said that because in a un cap situation they would get payed like baseball players do.
 7 years ago '05        #24
SyDuck 8 heat pts
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 Dee Grande said:
what do taxes have to do with anything? if he's worth 50 mil to the heat, then he's worth 50 mil. you can't just short-change somebody by $35 mil, then act like it's okay because he has other revenue streams, or a govt tax break. micky arison isn't paying taxes either on that extra money he's pocketing


if you don't wanna see wade getting money, then just say that . but stop with the bad justifications
zing nailed it. I completely understand it from a players perspective though.
 7 years ago '07        #25
joshdogg26 194 heat pts194
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The truth behind Wade's $50 million bet

September, 30, 2011
1:20 PM ET

In a free market where there are no caps on salary, how much would teams pay annually for a superstar in free agency? Dwyane Wade gave Yahoo Sports! his answer on Wednesday.

"I'm sure it would get to $50 million," Wade said.

Fifty million!? Per-season!? The outrage!

Well, Wade's not too far off actually. In fact, there's reason to believe Wade is understating the value of the elite.

Why? Before we dig in, we need to start asking some general questions. How much is a basketball player worth? It's a tough question which involving a dizzying number of complicated variables. But there is a shortcut. I'm talking about a little thing called: the free agency market.

History offers lessons. Let's take a look at last offseason for instance. An NBA team (the Hawks) felt that Joe Johnson was worth a six-year deal worth $120 million, a total that equates to $20 million annually. Johnson is a fine NBA player -- a 5-time All-Star even -- who was exiting his prime. He's a big-time scorer who can distribute the ball and play pretty good defense. When we put all his statitistics together in the season prior to hitting the market, and we find that he was worth approximately eight wins compared to some guy on the end of the bench. We find that by calling on Wins Above Replacement Player (WARP), a sturdy player value metric developed by ESPN Insider and Basketball Prospectus author Kevin Pelton.

So, here we have one data point. Johnson was awarded an annual 20 million after he produced 8.2 WARP in 2009-10. That's about $2.5 million per win. Did they pay too high or too low?

Using WARP as a handy guide, we can look at some other market-dictated deals. Step right up, Travis Outlaw! The Nets gave him a contract that would pay him an annual $7 million after he produced 0.9 WARP for the Blazers. That's about $7.8 million per win. Ouch. How about Darko Milicic? The Timberwolves decided to pay him an annual $5 million after he delivered a whopping 0.2 WARP in the previous season. The Timberwolves felt he was worth about $32 million per win, if we use this metric. That's a steep, steep price.

Of course, those guys represented some of the worst valuations of last season's market. There were some bargains, believe it or not. Dorell Wright signed a deal for $3.7 million per year after he produced 3.6 wins for Miami. Huge bargain at about $1 million per win and that's before he broke out last season. Raymond Felton produced 5.8 wins in 2009-10 and netted a contract that paid him $8.3 million annually. Another steal for his parent company.

As we can see, there were some good deals and some bad ones. But once we put all the deals into focus (like I did last offseason), we can make some general inferences about how teams value players as on-court a.ssets. I found that teams paid roughly $2 million per WARP last offseason, judging by the dozens of signings last offseason. (The free agency period a year before that yielded similar results.)

But that $2 million/win estimation only considered players whose salaries weren't artificially capped by the max contract rule. As a way to curb spending, teams, by rule, can only pay so much for a player. I didn't consider the contracts that players like Dirk Nowitzki, Dwyane Wade and LeBron James signed because they don't accurately reflect how spenders value the product.

Consider this: LeBron James produced 25.4 WARP in his final season in Cleveland and if James were paid like his peers ($2 million/WARP), James would have warranted a contract that paid him something like this:

$50.8 million.


But wait. That's before we even consider the boatloads of off-court revenue that superstars like LeBron generate for clubs. Think about the extra merchandise. All those LeBron jerseys that Miami fans scoop up to wear and Cleveland fans purchase to burn? Teams make money off those.

Think about the extra eyeballs that create monster TV deals like the one that the Lakers just signed that will make the organization $150 million in revenue per season. And then there’s the bonus of creating a winning atmosphere that will attract other players like a mosquito to a floodlamp. Darko Milicic won’t lure other players to your team, but Dirk Nowitzki will.

Accounting for all the extra benefits that a team enjoys, superstars of LeBron's caliber are probably worth far more than $2 million per win figure that most players are subjected to.

Let's go over this again. In the Summer of 2010, the average player was paid about $2 million per win. LeBron's pricetag? $0.7 million per win. Dwyane Wade? $0.9 million. Chris Bosh? $1.5 million. Not only did Pat Riley sign three superstars, but he signed them at Costco prices.


Can you see why Wade’s $50 million declaration is a reasonable one? If not, just imagine if this happened to you. Think of a colleague who shares your job description. This colleague was hired to the same position as you but this fellow colleague is only half as good at said job as you are. Now, imagine that this person gets paid on a scale that pays him double what it pays you. Or how about triple? You’d be pretty upset right?

You want the money you deserve. Sure, this may be an over-simplification but the point remains: you and Wade are no different, really. You both want what you’re worth. Joe Johnson is probably half the player that Wade is, yet Johnson receives a larger paycheck. Seems backwards, doesn’t it? And this is not to beat up on Johnson; there have been plenty of Joe Johnson Contracts handed out. He’s just the most recent example.

So when Wade says superstars could make upwards of $50 million per season if there was no cap, don’t be outraged. Wade is not a martyr. No, Wade is merely observing actual market behavior and making a logical prediction based on what he sees. And what he sees is a twisted system that underpays its most valuable employees by tens of millions of dollars.
 7 years ago '10        #26
Dextromethorphan 217 heat pts217
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 7 years ago '10        #27
Dextromethorphan 217 heat pts217
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 justinjones said:
wade said that because in a un cap situation they would get payed like baseball players do.
what baseball player makes 50 million?
 7 years ago '10        #28
marx1684 1 heat pts
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These men are payed to play as well as give up their personal lives. They travel most of the year & give up most of their lives. The bigger you are the more you will be demonized if you make the slightest slip up. The more they make the more the world will be on top of them for what they make & the expectations they should meet. I think they deserve the money.
 7 years ago '10        #29
Dextromethorphan 217 heat pts217
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 marx1684 said:
These men are payed to play as well as give up their personal lives. They travel most of the year & give up most of their lives. The bigger you are the more you will be demonized if you make the slightest slip up. The more they make the more the world will be on top of them for what they make & the expectations they should meet. I think they deserve the money.
son they dribble a basketball
 7 years ago '04        #30
Dollaz 4 heat pts
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 clenz7621 said:
clowns dont even deserve what they make now
 Superboy504 said:
they make enough....what they trippin 4?
ya missing the point in BUSINESS..This aint about how much money they make compared to the average human, or whether these players are clowns or not, thats completely irrelevant to the point.

If your WORTH a certain amount of money based on the revenue you single handedly bring to the corporation you work for you should be accurately compensated by that corporation for what you bring to the table.

So to say "the make enough" or "they don't deserve what they make" makes ZERO sense when their employer is making WAY more than that & undercutting the players that are responsible for bringing in a BULK of the revenue to begin with.

Example Dr. Buss said Kobe is worth $70 mill to the Lakers yet they ONLY pay him around 35-40% of what he's actually WORTH to the organization based on how much money he generates for them..

NO educated business man would agree that these superstar players (kobe, lebron, wade, ect) are making a fair amount BASED on the income that they actually GENERATE. bottom line.
 7 years ago '04        #31
Dollaz 4 heat pts
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 Dextromethorphan said:

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 7 years ago '04        #32
Tastemaker331 51 heat pts51
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 Dee Grande said:
what do taxes have to do with anything? if he's worth 50 mil to the heat, then he's worth 50 mil. you can't just short-change somebody by $35 mil, then act like it's okay because he has other revenue streams, or a govt tax break. micky arison isn't paying taxes either on that extra money he's pocketing


if you don't wanna see wade getting money, then just say that . but stop with the bad justifications
word
some fools hate seeing these cats make all that money because they will never make that much and they try to conceal the hate with bullsh*t reasons. Only makes them look stupid
lol, taxes? Really?
 09-30-2011, 05:27 PM         #33
Apostrophe 
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Maybe if he played a real sport but he plays basketball for Christ sake. NBA players shouldn't even be payed for what they do. If they weren't born as goonish giants they wouldn't even be pros. Its the only sport where skill and talent doesn't matter. Just be grotesquely tall and you'll dominate.
 7 years ago '04        #34
Tastemaker331 51 heat pts51
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 Apostrophe said:
Maybe if he played a real sport but he plays basketball for Christ sake. NBA players shouldn't even be payed for what they do. If they weren't born as goonish giants they wouldn't even be pros. Its the only sport where skill and talent doesn't matter. Just be grotesquely tall and you'll dominate.
your life must suck
 7 years ago '08        #35
JCyclops 13 heat pts13
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 Apostrophe said:
Maybe if he played a real sport but he plays basketball for Christ sake. NBA players shouldn't even be payed for what they do. If they weren't born as goonish giants they wouldn't even be pros. Its the only sport where skill and talent doesn't matter. Just be grotesquely tall and you'll dominate.



[pic - click to view]



would like to have a word with you.
 7 years ago '08        #36
EMER1TUS 11 heat pts11
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 Dextromethorphan said:
what baseball player makes 50 million?
Took the words right out my mouth^^

Good God a player could make $600 million off his Basketball contracts alone in an uncapped situation. Fuk my life
 7 years ago '10        #37
Dextromethorphan 217 heat pts217
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 Akira Son Bio said:
Yankees infield is worth 250 mil I think

everyone elses team is worth half that
 7 years ago '04        #38
MosDefinition 19 heat pts19
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 KSoraci7 said:
No salary cap would be the worst thing in the world for the league. See how lopsiede the MLB has become.
exactly you have teams like the red sox spending 160 million and winning...

wait

oh yeah just cause money doesnt matter as much as a good front office
 7 years ago '04        #39
PrisonRules 70 heat pts70
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i dont disagree with him at all.
 7 years ago '04        #40
MosDefinition 19 heat pts19
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look at how much formula one drivers and soccer players make and you have your answer on how much a star nba player would make
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