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Olympics:  Dwyane Wade and Ray Allen think players should be paid Olympics:  Dwyane Wade and Ray Allen think players should be paid

04-13-2012 , 12:11 PM
Quote:
Originally Posted by dkgojackets
and i dont see someone who makes a voluntary choice to build their individual brand as being taken advantage of. they provide no value. if basketball wasnt even at the olympics it would people care?
There was quite the outcry in the US when the top tier NBA players weren't playing and the second tier guys were getting rolled on a regular basis.
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04-13-2012 , 12:14 PM
Quote:
Originally Posted by Triumph36
clark: the olympics were always a national propaganda machine, so let's put that aside. also the original olympic games in ancient greece suffered from similar problems to the olympic games now.
I think it's important to not put it aside because we are at a point where we should be able to discuss it and point out the issues with it. And just because issues have been around for a while, doesn't mean we shouldn't discuss them and maybe correct them now (though obviously there's zero movement to correct or fix anything - the masses fully buy into the "honor to play for country" propaganda (see this thread for examples) and those in charge of the IOC are making plenty of money and have no incentive to change).
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04-13-2012 , 12:16 PM
Quote:
Originally Posted by Case Closed
It's not just about the USOC.

http://finance.yahoo.com/news/pf_article_108884.html
http://paidcontent.org/2012/03/08/41...ft-on-the-clo/

NBC makes bank filming these athletes. I would assume it is not just them. Also the amount they are paid outside of their olympic work is not really that big of a deal to me. If you work, which they do, you deserve compensation.
Quote:
The dominance of U.S. athletes at the Winter Olympics in Vancouver has translated into a much-needed boost in ratings and ad revenue for NBC, and could put a dent in the $250 million the network expected to lose on the event.

Before the Games began, the network, which agreed to pay $820 million for the TV rights and also faces heavy expenses for more than two weeks of telecasts from Vancouver, estimated the event would generate $650 million to $700 million in revenue, more than the 2006 Winter Olympics in Torino, Italy.
Did you even read this ****? 820-700/650 is between 120 M and 170 M in the hole. How is that making bank? That's losing your shirt.

Quote:
The more than $50 million in digital sales represents at least 5.5 percent of the $900 million in advertising NBC Sports already has sold for London. The percentage is also up from Bejing, when digital represented 3 percent of the total take.
What is this evidence? That you don't know what you are talking about?

Fact is Olympics aren't really making that much. The problem with the Olympics is they cost so ****ing much. NBC paid for those rights and they normally don't even recoup their losses. Even if they do, they probably aren't making the killing you guys are making it out to be.
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04-13-2012 , 12:17 PM
Quote:
Originally Posted by ClarkNasty
There was quite the outcry in the US when the top tier NBA players weren't playing and the second tier guys were getting rolled on a regular basis.
lol at rolled on a regular basis. since nba players were allowed the only olympics in which they lost games was 2004 with duncan, marbury, iverson, labronze, wade, anthony, stoudemire, etc.
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04-13-2012 , 12:18 PM
Quote:
Originally Posted by capone0
Did you even read this ****?



What is this evidence? That you don't know what you are talking about?

Fact is Olympics aren't really making that much. The problem with the Olympics is they cost so ****ing much. NBC paid for those rights and they normally don't even recoup their losses. Even if they do, they probably aren't making the killing you guys are making it out to be.
CLEARLY ALL REVENUE IS PROFIT AND PEOPLE ARE POCKETING HUNDREDS OF MILLIONS
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04-13-2012 , 12:20 PM
Quote:
Originally Posted by CallMeIshmael
If there was an annual america vs the world bball game to raise money to fight cancer, I assume you agree that players being like "I want my cut of that cancer money!" to be something that you'd react differently to (maybe not though)

Where is the line here? Im not saying I think these situations are the same, but the USOC is a reasonably well functioning charity according to a quick search. Do the executives get paid too much? Is the cause not noble enough? Poor efficiency?
This is the core question. But, I'd say it's also close to the core question in the college athletics case, too. Clearly coaches rake in a lot of money, but beyond that I'd imagine that there's a really good analogy: in college athletics, the moneymakers probably subsidize a lot of other losing sports more than anything else. Whether this is seen as a worthwhile charitable endeavor (and whether it's actually framed that way, which it typically isn't) seems like it would shape a lot of the opinion on this stuff.
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04-13-2012 , 12:20 PM
The USOC is a non-profit charity. Athletes are essentially donating their time like any other charity worker.

The main difference between the USOC and other charities is that because there are so many people wanting to donate their time, and because there is value gained by the participants for that donation, the USOC can be more particular and require that participants donate their name and likeness. Athletes often give their names to charities for no compensation.

It's essentially a supply/demand problem. USOC can get more for the spots they offer (higher price). Other charities are similar in that if they are very popular at some times they only look for people with skills that add value rather than any schlub off the street who wishes to volunteer. If I don't like how the charity uses me, I can stop helping them.
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04-13-2012 , 12:29 PM
Nice post cornboy
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04-13-2012 , 12:35 PM
Quote:
Originally Posted by capone0
Did you even read this ****? 820-700/650 is between 120 M and 170 M in the hole. How is that making bank? That's losing your shirt.



What is this evidence? That you don't know what you are talking about?

Fact is Olympics aren't really making that much. The problem with the Olympics is they cost so ****ing much. NBC paid for those rights and they normally don't even recoup their losses. Even if they do, they probably aren't making the killing you guys are making it out to be.
They have sold 900 million worth of advertisments to date for London alone and they payed 4.4 billion for 4 x summer + 4 x winter olympics. Sounds like they might turn a profit.
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04-13-2012 , 12:38 PM
http://www.nytimes.com/2012/02/13/sp...-olympics.html


Quote:
Two years ago, the Winter Games in Vancouver were just beginning. When they ended, NBC Universal reported a loss of $223 million.



Related

Times Topic: Olympic Games



Now, with the Summer Games in London five months away, NBC is hoping to avoid a big loss on its $1.18 billion rights fee, the most paid for the Olympics by a United States network.

So far, sales appear to be off to a strong start. Seth Winter, the senior vice president of the NBC Sports Group, said last week that national advertising sales for the London Games were just above $900 million.

“We’re in extraordinarily good shape,” he said. “This is my third Olympics overseeing sales for NBC Sports, and this is the first Olympic Games that we’ve had a healthy economy.”

Sales have already exceeded the $850 million for the 2008 Beijing Summer Games, for which NBC paid $893 million to the International Olympic Committee to buy the broadcast rights.

And Comcast continued NBC’s two-decade-long domination of the Olympics by agreeing last June to buy the rights to the four Olympics from 2014 to ’20 for $4.38 billion.
Not really.

4 Olympics include 2 winter games which aren't anywhere near as profitable. I doubt they really re-coup their money but will see. Again you guys keep exaggerating how much is really being made here.
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04-13-2012 , 12:38 PM
and thats all ignoring that there are other expenses to broadcasting the olympics than the rights fee
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04-13-2012 , 12:40 PM
Pretty sure the 1.18 billion also includes the next winter games and not just the summer games. All I remember is the 4.4 billion or whatever it was for 4x+4x

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and thats all ignoring that there are other expenses to broadcasting the olympics than the rights fee
My estimation is the cost of broadcasting both events is roughly half the total revenue of one winter games. Could be way off ldo
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04-13-2012 , 12:40 PM
Quote:
Originally Posted by dkgojackets
lol at rolled on a regular basis. since nba players were allowed the only olympics in which they lost games was 2004 with duncan, marbury, iverson, labronze, wade, anthony, stoudemire, etc.
I guess you're not aware that the US mens national team is more than a once every 4 year commitment. Look back at some world championship results.
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04-13-2012 , 12:40 PM
Your wrong my friend.
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04-13-2012 , 12:41 PM
Who cares about NBC?
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04-13-2012 , 12:44 PM
People kept saying TV people are making a killing with the Olympics. There really isn't anyone that is rolling in money when it comes to the Olympics maybe other than the construction people putting up stadiums in these countries.
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04-13-2012 , 12:44 PM
Quote:
Originally Posted by ClarkNasty
Who cares about NBC?
when you are making the argument "NBC makes bank filming these athletes" in the thread then showing that is a blatant lie is pretty relevant.

where is the money coming from to pay the 11000 athletes that participate in the summer olympics?
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04-13-2012 , 12:46 PM
I did?
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04-13-2012 , 12:46 PM
Mmmm the 4.38 billion might indeed only be for summer Olympics in which case they'd do well to break even.
Edit: Oh lol it's even worse it's 2x+2x .. yeah it'll be pretty hard to break even. I wonder how much our bid was for the German rights, will research that.
Edit2: German rights are supposed to have gone for a little over 100 million Euro for the next winter+summer bundled. Looks like NBC simply massively overpays. For comparison Germany has roughly 82 million people, USA roughly 310 million I think? That's about a factor of 3.8x

Quote:
when you are making the argument "NBC makes bank filming these athletes" in the thread then showing that is a blatant lie is pretty relevant.

where is the money coming from to pay the 11000 athletes that participate in the summer olympics?
The argument I made was not "it's unfair because NBC turns huge profits" it was "the IOC gets huge sums of money which they should kickback to the athletes"
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04-13-2012 , 12:47 PM
Quote:
Originally Posted by ClarkNasty
I did?
case closed did, capone made a response, then you decided to jump in the middle and say his response was useless
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04-13-2012 , 12:47 PM
Quote:
Originally Posted by dkgojackets
CLEARLY ALL REVENUE IS PROFIT AND PEOPLE ARE POCKETING HUNDREDS OF MILLIONS
They are generating revenue in hundreds of millions of dollars. Another expense should be the athletes they use to generate that revenue.

Also, lol @ the USOC being a charity. I get that it legally is. But what is their cause? Nationalism?
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04-13-2012 , 12:48 PM
It was case closed. He said TV networks were making bank and then posted some links which he either didn't read or understand b/c that basically said how ****ty the TV networks were doing.
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04-13-2012 , 12:50 PM
Quote:
Originally Posted by Case Closed
They are generating revenue in hundreds of millions of dollars. Another expense should be the athletes they use to generate that revenue.

Also, lol @ the USOC being a charity. I get that it legally is. But what is their cause? Nationalism?
their cause is to provide all of the training and give athletes the ability to participate in the olympics
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04-13-2012 , 12:51 PM
Quote:
Originally Posted by Case Closed
They are generating revenue in hundreds of millions of dollars. Another expense should be the athletes they use to generate that revenue.

Also, lol @ the USOC being a charity. I get that it legally is. But what is their cause? Nationalism?
They are trying to pay for their huge bill. That money that they paid goes to the IOC which pays for the games which doesn't normally turn much of a profit either. Do you want coverage going forward? Do you want the games?

TV + Ticket Sales + Sponsorship pay for the ridiculously expensive games, stadiums, housing all the athletes, training all the athletes, etc. But obviously it's all free--right. You guys are just clueless to how expensive the Olympics actually are. I'm pretty sure the countries are clueless as well or they would never allow them in their country. The London Olympics might break revenue #s but they are spending so much $$$ that they are probably going to lose a ton of money.
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04-13-2012 , 12:58 PM
It really blows my mind that our station pays 100 million Euro (roughly 131 million $) for 82 million people and NBC pays
Quote:
NBC paid $775 million for the 2014 Olympics in Sochi, Russia, and $1.23 billion for the 2016 Olympics in Rio de Janeiro, Brazil.
Roughly 2 billion $ for 310 million people.

That's 6.45 per person vs 1.6 per person. Or in other words NBC pays over 4x as much
(no wonder they are the worst of the major US networks)
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