Originally Posted by eyemissgilmour
I think that (in order to determine if "overpaid" might be an accurate description) a more relevant analysis would be looking at salary growth over the years.
< All the while, keeping in mind that 2/3 of the league is unprofitable >
Since 1991, which is not really that long ago, average salaries have gone from:
271,000 to 2,440,381 (so a multiple of about 9)
Too long of a timeframe?
Ok, how about from 2007...
Since 2007, average salaries have gone from:
1,666,063 to 2,440,381 (so an increase of about 46.5%)
In the past 5 years, average salaries have increased 46.5% while 2/3 of the franchises currently lose money, and the PA has the audacity to say in negotiations "what have the owners given us?!"
Salary growth is directly tied to league revenue growth via the salary cap. If the league had meaningful revenue sharing (like the NFL) then the number of money losing clubs would come down. Claiming that players have been making out like bandits at the expense of the owners is a bit misleading.
Was 57% too high? Yes.
But here's the part that WILL BLOW YOUR EFFING MIND: If the cap was set at 40% in 2005 then salaries would still have grown by 46.5% since 2007. Your argument is bunk, player salary growth since the last lock-out neither proves nor disproves any position save the leagues claims of revenue growth.