NBA Max Contracts are kind of insulting

in
Those giant contracts result in higher ticket prices
By Cliff Pfenning, oregonsports.com

In the era of economic upheaval society is in across America, and across the globe, a constant theme continues to emerge on a daily basis - pro sports doesn't seem to be affected by lack of money.

On Sunday, the Utah Jazz reported it had signed dynamic 24-year-old Donovan Mitchell to a contract extension that would keep him in Salt Lake City for another five seasons. All they needed to do was give him the Rookie Max Extension of $163 million over those five seasons, which could balloon to $195 if he plays his way onto the All-NBA Team in one of the next three seasons.

If you read the headline again, it's potentially $195 million over five years. That's $39 million per season.

Even though there were no fans in the stands for the NBA Playoffs at the end of summer, the NBA apparently isn't having a problem with money. Mitchell isn't, of course, the only player getting a Max Contract, regardless of the economics of the day. And, regardless of the fact there may not be fans in the stands when games begin again for the 2020-21 season in late December.

So, how I read this news is no one in the NBA better be complaining about lack of money because of the pandemic's affect on society.

And, that goes for all the other pro leagues. In spite of all the troubles with money so much of the public is facing, pro sports can throw it around like Monopoly paper. 

Pro leagues are just going about their business as usual in terms of player signings, which they really have to according to their contracts with players unions. But the negotiations between those parties should get some publicity to show that even pro sports are dealing with economic stress, something a $195 million player signing does not indicate.

Pro sports teams are not poor, so they better not cry poverty, even when they're laying off significant portions of their administrative staffs in some cases.

 

Comments