Why do ex-professional athletes go into broadcasting?
Posted on February 11th, 2010 by admin
They make tens of millions of dollars in their playing career, and I’d imagine their broadcasting salary must pale in comparison. So why do they do it?
I’d be lounging on my beachfront property, playing golf at world famous courses, or hanging out on my yacht. Certainly not working for a small fraction of my former salary!
Yeah, I didn’t mean to make it sound like life should be only about the money. This question is more about the scarcity of time than of money.
My point was more like this: These guys don’t need money, so I don’t understand their motivation to use up their precious time on this planet by working for a relatively small amount.
Not all professional athletes make tens of millions of dollars over the course of their career. Someone who makes a league minimum salary in any of the major sports might be lucky to make $5 million over their career, nearly half of which is going to be taxed. While pocketing $2-$3 million may seem like a lot of money, it’s really not as much as you’d think, particularly since many of these guys retire in their mid thirties and have another 50+ years to live (or more).
That said, some of them go into broadcasting or coaching because they do need the money.
Others do it to stay involved with the game and because they know the sport. And it’s a way to keep busy instead of sitting around doing nothing.
February 11th, 2010 at 6:26 am
they probably think theyre all old and what not
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February 11th, 2010 at 6:46 am
Well for one, no one knows their game like they do so they’re actually perfect for sportscasting (you’ll notice most of them only report on the sport they played in).
Second, a lot of people would rather get up and do something instead of sitting on their butts doing nothing and mentally stagnating every day.
It’s not always about the money.
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February 11th, 2010 at 7:02 am
they mainly do it just to stay busy. these guys are used to being on the road 9 months a year and they don’t know how to relax. broadcasting keeps them close to the thing they love the most.
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February 11th, 2010 at 7:48 am
Not all professional athletes make tens of millions of dollars over the course of their career. Someone who makes a league minimum salary in any of the major sports might be lucky to make $5 million over their career, nearly half of which is going to be taxed. While pocketing $2-$3 million may seem like a lot of money, it’s really not as much as you’d think, particularly since many of these guys retire in their mid thirties and have another 50+ years to live (or more).
That said, some of them go into broadcasting or coaching because they do need the money.
Others do it to stay involved with the game and because they know the sport. And it’s a way to keep busy instead of sitting around doing nothing.
References :
February 11th, 2010 at 8:18 am
Because most of them either didn’t finish their degree, or it was in something like underwater basket weaving, and sports is the only thing they know and can talk about, so they go into broadcasting.
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