The New York Yankees just signed CC Sabathia to a seven year $161 million contract. I heard an interesting argument about this on Mike and Mike this morning.
The average American family earned just over $50,000 in 2007. It will take CC 1 inning of work to earn that much next season. I’m a huge sports fan – I love every sport with baseball probably being my favorite. It provides me with alot of joy during life. For the average lot of us day to day life is a constant struggle with bills, family, and stress. Sports provides us a brief escape (movies do the same for non sports fans). The question is: do I get $161 million of enjoyment out of CC Sabathia? Would the average baseball fan even notice if CC didn’t play next year? I doubt it. We’re not talking about a household name or a mega-star here. CC is a good player who has had a few good years, but he’s not Babe Ruth, Mickey Mantle, Ted Williams, etc.There are very few stars who we remember – Jordan, Gretzky, Tiger, Dan Gable (maybe that’s just me). CC is no where near the class of those guys.
In these economic times it’s hard to think this deal makes sense for anyone – except CC. Maybe the Yanks will fill the stands by adding him, but I doubt it. There’s talk that Mark Texeira will sign a similar deal in the next few days.
Is it right that sports stars earn contracts like this when the rest of us are scraping out $50,000 a year and buying tickets to see them play only when we can afford it?