The world of sports has seen exponential increases in costs primarily due to salaries. To truly appreciate this fact, I had a distant relative in the NHL who in 1980 earned approximately 80K. Meanwhile, the average household income at that time was about 20K which was basically a 4 to 1 ratio. Today, the average player earn close to $1MM a year while average household salaries hover at about 50K for a ratio of about 20 to 1. Rather than discuss the economic fairness of this situation, the salient point in mentioning these numbers is that athletes’ salaries are more
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