What about the sports with the highest average salary for athletes? The top ten sports leagues in the world earn a total of $54.53 billion dollars. That’s a lot of money in the pockets of business leaders and athletes all across the world. Let’s see which sport generates the most revenue and how much the highest-paid athlete in each sport can earn in a year.
1. Basketball Players: $7USD million
The NBA is the king of money-making in sports, with only 30 clubs and an unparalleled system for making money from television, sponsorships, merchandising, and, of course, ticket sales.
Each team is valued at over $2USD billion on average, while the league as a whole earns roughly $8USD.76 billion in revenue each year.
The Portland Trailblazers lead the league in salary with an average of $10 million per player in the 2019-20 season, while the New York Knicks had an average of $7 million per player.
Despite this, the Knicks have been the most valuable team in the NBA for the past five years, with a valuation of $4.55 billion dollars. Only the Dallas Cowboys of the NFL are worth more among North American sports clubs.
In 2020, the highest-paid basketball player earned $88.2 million USD.
For the time being, LeBron James is the king of the hill when it comes to NBA earnings, with $88.2 million.
The majority of this comes from James’ endorsement contracts, which more than treble his earnings. He makes $60 million in endorsements and only ($only”) $28 million in royalties. Salary and performance bonuses totaled $2 million.
Despite this, he still has a long way to go to reach Kevin Garnett, who has earned more than $334 million in his NBA career, making him the highest-paid player ever.
2. Baseball Players: $4USD.36 million
Baseball is the second most popular sport in the United States, despite a fall in viewership, because its athletes make an average of $4USD.36 million per year.
Major League Baseball (MLB), unlike the NFL, NBA, and NHL, is not subject to a salary cap, which means that teams are not restricted in the amount of money they may spend on a player’s pay.
As a result, even the lowest-paid baseball player in 2020 received the minimum pay of $563,500 USD set by MLB.
Which job offers the highest money?
Starting pitchers account for seven of the top ten earners, all of whom earn at least $31 million per year.
Let’s just say that baseball players are well-positioned to not only play on the field, but also to go to the jewelry store and get the biggest, shiniest, brightest diamond.
Baseball’s highest-paid player was paid $37.7 USD in the year 2020.
Mike Trout, the Los Angeles Dodgers’ great outfielder, takes the cake for the biggest slice of the baseball pie.
With a 12-year deal at an average of $35 USD per year.
Trout will make roughly $37 USD if they catch 5 million.
During the 2020 season, 7 million people are expected to attend.
Ty Cobb, the greatest baseball player of all time, led the league in earned money with $20,000 USD in 1920 (about $260,000 USD now). Trout’s pay will be over 15 times that of Cobb’s.
3. Formula 1 Racers: $4USD.1 million
Formula One racing is one of the most profitable sports in the world, which may surprise many of you.
It also pays one of the highest average wages to its drivers, who must keep control of their Formula 1 race cars while they travel at speeds of over 230 mph through twists and turns.
Drivers are compensated to make the most of cars that can cost well over $100 million USD to develop, in addition to keeping themselves alive. The cost of developing and manufacturing these land rockets for goliaths like Mercedes and Ferrari could be closer to $400 million USD.
1 million dollars for their superhuman powers and the faith placed in them by their employers.
However, the driver in the front of the pack earns far more.
Formula 1 racers, on average, earn $4 USD. 1 million dollars for their superhuman powers and the faith placed in them by their employers.
However, the driver in the front of the pack earns far more.
In 2020, the highest-paid Formula One driver earned $47 million USD.
Lewis Hamilton, the current highest-paid driver, is a seven-time world champion.
He made close to $47 million USD in 2020, which works out to roughly $2 million each race.
Even his sponsored Instagram posts bring in an average of $70,000USD per post. That’s a lot of money each post.
4. Soccer Players: $3USD.9 million
Soccer is one of the highest-paying sports on the planet, with a long list of sportsmen who are household names in hundreds of nations, despite its lack of popularity in the United States.
With fame comes fortune, and there’s a lot of it.
The average compensation for soccer players is highly dependent on the league in which they compete. There are many of them scattered over the world. Nonetheless, if you’re a professional soccer player, you’re usually highly compensated.
Top soccer players in China’s Super League, for example, can make over $1 million per year. The ordinary Chinese citizen, on the other hand, earns only approximately $6,500 per year. In just 2 days, 6 hours, and 43 minutes, a player in the Chinese Super League may earn that much.
The greatest pay, however, are in the English Premier League, where players earn an average of $3USD.1 million each year.
It’s acceptable to argue that soccer players play for reasons other than kicks.
In 2020, the highest-paid soccer player earned $105 million USD.
Soccer stars Cristiano Ronaldo, Lionel Messi, and Neymar are three of the highest-paid athletes on our list, each earning more than $304 million USD every year.
Ronaldo, on the other hand, is the current king of soccer pay, with a salary of $105 million USD for the year. Ronaldo’s earning potential is nearly endless, with a big percentage of that figure ($45 million) coming from endorsements.
5. Football Players: $3USD.3 million
Football is undoubtedly the most popular sport in the country, with 37 percent of Americans saying it is their favorite activity to watch.
When compared to 11 percent who said basketball was their favorite sport to watch on TV and only 9% who said baseball was their favorite.
As a result, it’s understandable that NFL players are highly compensated for their celebrity.
NFL players earned an average of $3.33 million dollars in the 2019-2020 season.
The Atlanta Falcons had the highest average at $4USD.
The Miami Dolphins were at the bottom of the list, with a budget of $2 million.
Of course, this isn’t a negligible sum.
Salaries for NFL players have been steadily increasing for decades. Players made around $90,000 USD in the early 1980s.
Furthermore, each year, professional football players have numerous options to increase their earnings through sponsorships.
In 2020, the highest-paid football player earned $60USD.5 million.
Kirk Cousins of the Minnesota Vikings has been named the highest-paid football player in 2020, surpassing the $60USD.5 million threshold.
Cousins signed a two-year contract agreement worth $66 million USD (including a $30 million signing bonus) that pays him far more than most professional athletes could ever earn.
In addition, the 32-year-old makes more than $2.5 USD.
6. Hockey Players: $3USD million
Hockey players are the most likely to lose a tooth during a game, but the risk is well worth the gain, since they earn an average of $3 million USD every year.
NHL players used to play 82 games every season before the COVID-19 pandemic. This equates to around $36,585 USD per game for these ice-skating gladiators.
The NHL, on the other hand, has reduced the 2020-2021 season to 56 games. With fewer games, both the league and the athletes witnessed a drop in profits, as ticket sales, concessions, and arena sponsorships account for more than 70% of NHL revenue.
The NHL even requested that players defer 10% of their total remuneration until 2024.
In 2020, the highest-paid hockey player earned $16 million USD.
Auston Matthews of the Toronto Maple Leafs is the highest-paid NHL player, earning close to $16 million in salary and bonuses, as well as $3 million in sponsorships, memorabilia, and licensing.
Matthews’ partnerships with Nike, Verizon, and CCM Hockey, among others, have helped him cement his top status and may keep him there for years to come.
7. Golfers: $2USD million
Golf is one of the most tranquil and pleasant sports in the world, with competitors competing on expansive courses surrounded by lush foliage, pristine ponds, and tens of thousands of adoring spectators.
A golfer will receive some type of compensation regardless of how well he performs in a PGA tournament, which can range from a minimum of $25,000 USD to a championship payout of over $1.5 million.
Some golfers can earn more money by competing in made-for-television events, while others can earn more money by competing in corporate tournaments.
As a competitor, a pro golfer can earn an average of $2 million USD each year.
That, of course, does not include the added chance to make a lot of money from sponsors who have their logo on everything from the golfers’ clothing to the balls they hit.
In 2020, the highest-paid golfer earned $62 million dollars.
It should come as no surprise that one of the world’s most famous athletes, Tiger Woods, sits atop the golf empire.
In 2020, Woods, who began his professional career in 1996, earned $62 million USD. Sponsorships account for $60 million of that, with wage earnings accounting for only $2 million.
For a few days of swinging clubs in lovely weather, it’s not bad.
8. NASCAR Drivers: $1USD million
NASCAR racers hit speeds well over 200 mph for a total of 200 laps around the circuit for a chance at the big prize.
However, since NASCAR stopped disclosing the particular sums in 2016, the amount printed on that gigantic check has become one of the most closely guarded numbers in sports.
Even so, NASCAR drivers may make close to $1 million per year on average. Drivers rely on endorsement deals and sponsorships to augment their average basic wage of roughly $200,000 USD, which is boosted by bonuses for top finishes.
Drivers hope for a flurry of top finishes to improve their annual earnings by keeping only approximately 40% of their earned prize money throughout the year.
Even still, the greatest NASCAR drivers earn an average of $10.6 USD Milion per year.
In 2020, the highest-paid NASCAR driver earned $18 million dollars.
Kyle Busch, who earned $18 million in 2020, outperformed the average.
Busch has capitalized on his popularity and is even foraging into the world of refreshments by investing in his newest creation: Rowdy Energy drinks. With a fanbase dubbed the “Rowdy Nation,” Busch has capitalized on his popularity and is even foraging into the world of refreshments by investing in his newest creation: Rowdy Energy drinks.
9. MMA Fighters: $68,500USD
A mixed martial artist (MMA) can earn nearly twice as much as a boxer. Many MMA fighters must rely on sponsorships and huge battles to make the injury-prone sport more lucrative, with an average yearly wage of $68,500USD.
For MMA fighters, experience is crucial. The number of previous fights, the frequency of their battles, and, of course, their overall fame all play a role in how lucrative the cage commotion can be for fighters.
Top-dollar contests and headline matchups (for boxers like Conor McGregor) usually bring in millions of dollars for each athlete, but this isn’t always the case.
MMA fighters are at the mercy of the promotion’s compensation since they lack big-name agents or a fighter’s union.
In 2020, the highest-paid MMA fighter earned $48 million USD.
It’s no surprise that Conor McGregor is at the top of the MMA rankings.
McGregor earned more than $16 million in endorsements and $32 million in wages and victories in 2020, bringing his total earnings to $48 million, just $10 million less than boxer Tyson Fury.
10. Boxers: $37,501USD
Boxing is one of the oldest sports still practiced by humans. In fact, the earliest evidence of this pugilistic sport may be found in Egypt, dating back to 3000 BC.
Professional boxers must generally pay for their own travel, management costs, and training sessions, despite the fact that huge Pay-Per-View fights can bring in big dollars through commercial and sponsorship deals.
After all of these fees and expenses, boxers may expect to earn roughly $3,125 USD per month, or $37,501 USD per year, on average.
When a boxer hangs up their gloves and retires, however, they can pursue careers in coaching and training, which can pay up to twice as much as boxing.
In 2020, the highest-paid boxer earned $57 million USD.
Tyson Fury, the highest-paid boxer in 2020, earned more than $57 million USD.
That’s over 1,520 times more than the typical boxer, thanks in part to a promotional contract with his promoter, Top Rank, which generates cash from fights on ESPN.
In the list of highest-paid athletes, Fury packs a significant punch. Not bad for a man who is never more than one huge bout away from retiring.
Feature Image Source: wikipedia