March 15, 2012
Dear Mr. President,
My name is Jack. I am a student at Parkway West Middle School, and I am writing to you today to share my thoughts about athletes' pay. I became interested in this topic because I noticed how athletes are making millions or billions of dollars while, in our not-so-good economy, other Americans are jobless. This just doesn't seem fair.
To begin, the current pay athletes are making could lead to bankruptcy. For example, 78% of NFL athletes will go bankrupt within their lifetime, and 60% of NBA athletes are broke within five years of retirement. Obviously, the bankruptcy rate is high, and many of these athletes make a very large amount of money in their career. The problem is a career in sports doesn't last forever, and therefore neither does the money. I think that the main reason for bankruptcy is because these athletes do not know how to handle their newfound abundance of money. Clearly, we shouldn't be paying athletes more money than they know how to handle.
Secondly, the salary made in professional sports has increased greatly from 70 years ago. For example, in 1964 the average salary of a MLB athlete averaged at $85,909, but in 2002, the average salary rose to an astonishing $2,385,903. This is absurd! I feel like this amount of money is a slap in the face. What ever happened to humbly playing a sport just because you love it? Plus, this money has to come from somewhere, so we as fans are taking the hit with prices of tickets sky-rocketing.
Mr. President, one thing you might consider to take action and to stop these high salaries would be to give a salary cap to players or even limit how much money one sports team can use to get players.
Thank you for reading my paper and for being a great president.
Sincerely,
Jack
Parkway West Middle
St. Louis, MO
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