The Highest Paid Professional Athletes And Teams

The highest paid team in baseball earned an average of $6,722,968 each and had a total payroll of $201.7 million in 2011. The lowest-paid team that year earned a total team payroll of $36.1 million. The highest paid player that year took home a salary of $32 million. That's nearly as much as the entire lowest paid team. Check out the link to get more information about LeBron James Net Worth.

The best paid team in the NFL in 2010 paid its players a total of $138.4 million. The lowest paying team had a payroll of $81.8 million. Players on the lowest paid team made an average of $1,410,856 while players on the highest paid team took home an average of $2,470,622. The highest paid football player had a salary of $15.8 million.

The best-paid team in the NBA in 2011 had a total payroll of over $90 million. That works out to an average of $6,925,012 each for its 15 players. The lowest paid team in the league had a total payroll of $44 million and an average of $3,145,970 per player, which is less than half as much as the highest paid team. The NBA's highest paid player earned a salary of $24.8 million that year.

A total payroll of almost $71 million was the highest in the NHL in the 2010-2011 season. The team's average salary was $2,729,807 that year. The worst paid team in the league that season had a total payroll of $29.7 million and an average of $1,143,365 per player. The highest paid players in the NHL took home $10,000,000 a year.

Though American professional sports teams pay a lot, they aren't the best paying teams in the world. Two Spanish football teams paid out more per player than any American team. With average salaries of $7,910,737 and $7,356,632, these two teams' players earn a million dollars more, on average, than the highest paid team in the US.

But what about the professionals at the other end of the spectrum? The highest paid female professional bowler earned $40,300 in the 2009-2010 season. The highest paid dog sled racer in the world won $50,400. The highest paid female professional billiards player took home $67,930 in prize money in 2010. The highest paid men's billiards player won $118,494. In 2010, the highest paid female surfer in the world earned a total payout of $140,700. Check out more about usain bolt.

The highest paid darts player in the world made $1,044,000 in prize money. The best paid competitive eating champ earned $218,500. The world's highest paid poker player took home $9,443,519. In professional fishing, the biggest winner earned $915,500. The highest paid Sumo wrestler did pretty well with $400,000, but not nearly as well as the highest paid MMA (Mixed Martial Arts) guy, who took home $5,300,000.

Do Endorsement Campaigns Influence Athletes' Net Worth?

While many professional athletes receive high salaries, this is not the case for everyone who plays in a professional sports league. There are, for instance, a plethora of professional sports teams that aren't as famous as some of their counterparts; the athletes in these leagues often don't receive incredibly high salaries. Because of this, many professional athletes rely on endorsements and sponsorships in order to build their overall net worth. Find out more information about  usain bolt net worth.

Generally, athletes earn quite a lot of money from their endorsement and sponsorship campaigns. There are a variety of ways in which endorsements and sponsorships can work in the world of professional sports. You will read short descriptions of all of the sorts of endorsement campaigns in the next few paragraphs.

1. If you want to see who sponsors various athletes, it is an excellent idea to watch their competitions. If you are trying to figure out which companies sponsor a race car driver, for example, their logos will probably be prominently displayed on his or her car. In other situations, patches on athletes' uniforms tell you which companies act as their sponsors. As a general rule, the companies that provide these sponsorships pay huge sums of money in order to have their names and logos appear in conjunction with sporting events.

2. Another sort of endorsement campaign involves athletes doing advertisements or other types of promotions for businesses involved in their sport. Generally, these endorsement campaigns do not last for a long period of time; the athlete's contract might only require him or her to appear in a couple of advertisements. For example, a golfer might appear in magazine advertisements for a particular brand of golf club. This is a great option for athletes who want to increase their annual earnings hastily.

3. Another option for many professional athletes is to sign-up for long-term endorsement deals. These types of sponsorships might require an athlete to become an ambassador for a particular brand or product for a year or more. Typically, athletes are contracted to show-up at special events, wear or use particular products, and appear in a multitude of advertisements. Endorsement deals of this nature can be offered by companies that are or are not associated with the sport an athlete plays. Long-term endorsement deals typically result in athletes earning the most money. For more ideas and details about shaquille o'neal net worth, follow the link.

Athletes who have made large sums of money by doing endorsement campaigns must learn to effectively manage their finances. To accomplish this, a large number of professional athletes hire financial advisers. There are a number of ways in which financial advisers can aid athletes. These individuals can, for example, assess a client's total net worth, help him or her devise a successful investment plan, and assist with putting each year's earnings in the proper accounts or portfolios.

What Do Professional Athletes Need to Do In Order to Manage Their Finances?

Professional athletes regularly gain fame for earning and spending significant amounts of money. Spending so much money with no regard for the future, however, can quickly become problematic. For instance, if an athlete has to quit his or her sport permanently due to an injury, he or she needs to have funds available for living expenses. Professional athletes must create financial plans that put them on the path to fiscal success. For more ideas and details about shaquille o'neal, click the link.

Because this can be complicated, most athletes hire financial planners to help them. Certain financial planners are known for specializing in assisting athletes who need to develop plans for their finances. Professional athletes can follow a number of suggestions in order to successfully work with their financial planners. You will find a few of these suggestions below.

1. Provided that an athlete's financial planner is not engaging in any illicit activities, he or she should not hire someone new to manage his or her earnings. As time progresses, professional athletes and their financial advisers tend to develop excellent professional relationships; athletes often have just one planner throughout their careers. Because this financial adviser understands every detail of an athlete's net worth, he or she is able to manage the money more effectively than anyone else could.

2. It is important for athletes to disclose all of the details of their lives to their financial planners, even if they do not initially seem relevant. This is due to the fact that even seemingly insignificant details might change how a financial planner invests his or her client's money.

For example, if an athlete had a child out of wedlock many years ago, it could become a financial issue for him or her; the other parent may seek child support once the athlete's professional career begins. An athlete's financial planner needs to be made aware of any scenarios of this nature.

3. Athletes should regularly ask their financial planners to answer questions! Many athletes struggle to manage their earnings properly; this is not cause for embarrassment. Financial advisers are always willing to answer the questions their clients may have; professional athletes, especially, might be working through some complex fiscal issues. Click the link to get more ideas on LeBron James.

4. Athletes should have fun with their high net worth as long as they are responsible with their spending. For instance, if an athlete decides to invest in costly real estate, he or she should ensure that is a good long-term investment. A professional athlete's financial planner can help him or her figure out exactly how much disposable income he or she has.

The Net Worth Of A Professional Athlete

We've seen them on TV and we've read about them in the newspapers; it seems that athletes are at the center of pop culture today. They are constantly amazing us by shattering world records and pushing their bodies to the limit. They are constantly proving that humankind is capable of more than just thought; they can incite us to action, empower us, and inspire us simply by going to work every day. We have no trouble putting a price on a new car or a new home, but one question remains the same: how much should one earn for being an excellent athlete? Visit the link to get more information on LeBron James Net Worth.

The truth is, all professional athletes earn a different amount. Some sports have always been more popular than others; for example, a professional baseball player may earn more money than an equestrian rider. Similarly, the best team within a sport is likely to make more money. If a team does well, they will have more fans; if they have more fans, there is more money to pay the athletes.

Athletes work hard for their money, and many believe that they deserve to spend it however they would like; this does not mean, however, that we are not interested in what they buy. I find their finances to be absolutely fascinating; it is a pleasure to be able to learn about what cars they are buying, what mansions they are renting, and what training facilities they use. Some choose to flaunt their finances, and others are more introverted about their earnings, but one thing is for sure: after a long day at work, most athletes love to indulge and unwind.

Professional athletes truly have it all; that is why we find ourselves so enamored with them. They have amazing bodies that are capable of things very few of us could even dream of, and they can live well because of it. This is why endorsement deals featuring athletes are often so successful; they allow us to dream. Though our net worth is nearly incomparable and our wallets not nearly as full, we can still have a piece of the pie.

It all boils down to one thing: athletes are truly inspiring. How many times have you heard the phrase, "what doesn't kill you makes you stronger?" This proverb is especially true for those who work in athletics; it is at the very core of what they do on a daily basis. They face both victory and loss, regardless of whether or not they have pushed themselves as far as they can physically go. What is truly admirable, however, is that they persevere through it all. Their net worth often falls in a whole other ball park, and for good reason; their commitment and valor is undoubtedly the highest of any profession. Find out more ideas about usain bolt.

How Much Do Olympic Athletes Make?

Olympic medals mean cash prizes for many athletes. The prizes are not given by the International Olympic Committee, but instead by sponsoring countries. There are no rules regarding how much a country can give its athletes, so the amounts are very different. The US pays its athletes a cash bonus of $25,000 for each gold medal, $15,000 for each silver medal, and $10,000 for each bronze medal. Learn more about usain bolt net worth.

The US ranks pretty low as far as cash prizes to Olympians go, but it isn't at the bottom. The UK, for example, doesn't offer any cash prizes. Italian athletes, on the other hand, make more than any other Olympians, with a cash prize of more than $182,000 per gold medal.

The US does not sponsor (financially) its athletes, leaving that responsibility, instead, to the US Olympic Committee, a private, non-profit organization. The International Olympic Committee also gives US athletes grant money, as they do for all participants. For the US teams, the rest of their funding has to come from alternate sources, like fundraisers and donations. This is in contrast to other countries, like the UK, that pay their athletes to train and compete.

Without much government support, Olympians must finance their training in other ways. Some of their income comes from prize money from competitions. Some athletes are also sponsored by companies or individuals, or get paid to endorse products. Obviously, those opportunities are limited and some sports are more likely than others to earn their competitors fame and fortune. For the rest, though, employment outside of their sport is necessary.

Take, for example, track and field athletes. Only 50 percent of track and field athletes (who are ranked in the top 10 for their particular sport) make more than $15,000 a year. For these athletes, winning medals not only means prize money, but the chance to earn more from endorsements and sponsors, as well. And track and field athletes are pretty visible and often approached by sponsors. Female Olympic rowers make a monthly stipend from the Olympic committee of 400 dollars and most work other jobs while training.

That said, there are some multimillion-dollar Olympians. Some Olympians come into the games as superstars. The United States basketball team, for example, is full of NBA stars whose net worth is much higher than that of most Olympians. Two famous, Olympic tennis players both made the lists of highest paid professional athletes (by gender) last year.

For some Olympians, the gold medals came first. A record-setting, Olympic swimmer has a net worth of 45 million dollars, thanks to his endorsement deals. A former record-setting Olympic swimmer has an estimated net worth of $20 million. Three time Olympic beach volleyball players are both worth around $4 million. As you can see, it pays to be an athlete. For more details about shaquille o'neal net worth, click the link.