Michael Jordan vs Erick Dampier career earnings

[HeatRing2012]

just as a side note: back then the CBA had a way lower salary structure (including max salary)

[Speedlot]

And yet Magic Johnson is the richest of them all.

[SheedsWeed]

Jordan's earnings, with endorsements included, easily passes any of these guys.

This. He has his own brand.

[taii1234]

Time value of money...

I understand what your saying, but your using the wrong terminology. Time value of money is used when your trying to figure out whats worth more money to the individual. Having that money right now, or having that money plus some interest in the future.

The term your looking for is inflation.

[YFZblu]

Jordan never needed the money. He played for 2-3 million/year for most of his career and gave his team a ton of cap space. Pippen and Kukoc were earning more than MJ.

As the league MVP in 1996 he made the equivalent of 9 million under today's salary cap (and 5.5 million by inflation). Journeyman centers are making that and more these days.

Michael Jordan made more money than Tony Kukoc and Scottie Pippen every single year they played together in Chicago.

[phx#7]

Jordan never needed the money. He played for 2-3 million/year for most of his career and gave his team a ton of cap space.

He didn't get paid so low(by todays standards) because he was allowing the Bulls more cap space. Reason he was paid so little for so long was because he signed a really long contract when the salary cap was only 6-7 mil(so he was getting about 1/3 of the cap when he signed). Plus if he didn't need the money as a young player still growing his brand why would he need it at the end of his Bulls career when he was getting 30mil+? The Bulls gave him that much because he was so underpaid by league standards for so long.

[cb4_89]

Time value of money...

I understand what your saying, but your using the wrong terminology. Time value of money is used when your trying to figure out whats worth more money to the individual. Having that money right now, or having that money plus some interest in the future.

The term your looking for is inflation.

Time value of money is not what is worth more to the individual. Time value of money is the concept that a dollar today is worth more today than tomorrow. It doesn't only account for inflation. It accounts for returns that the individual/company expects to make.

Companies usually use some type of internal rate of return (or their borrowing costs) when deciding the net present value of investments.

What he means is that MJ having 90+ million for 15+ years over any of these players could be much more than just inflation alone. If he invested it somewhere and he gained a decent return, it would grow faster than just inflation.

Not saying that time value of money is really applicable here. Damp and Bibby didn't have a chance to make that kind of money 15 years ago. Inflation is really the better argument.

[Roger Murdock]

If it wasn't for his last two years in Chicago he would have only made like 25 million in his career.

[xRapHeadx]

Can't knock Damp's hustle.

[Mamba Venom]

Michael Jordan - $90,235,000

Erick Dampier - $97,113,349 (so far)
Mike Bibby - $105,741,440 (so far)
Juwan Howard - $150,113,452 (so far)
Kevin Garnett - $270,115,354 (so far)
Shaquille O'Neal - $292,198,327

Jordan made $63,280,000 in 2 years and $26,955,000 the other 13 years.

[Free Rider]

Don't really get the point of the thread. Leave alone the issue of inflation, players as a whole clearly make far more money than players did prior to mid 90s. An average bench player probably earned more money throughout his career than most superstars did before the 90s.

[HeatRing2012]

And yet Magic Johnson is the richest of them all.

you mean health or money?

if we only look at the earings he's nothing compared to todays stars

h signed a 25 year deal netting him $1m each season. yep $25m over the career while guys like Joe Johnson will earn that much in just one year

[mepatrick]

And yet Magic Johnson is the richest of them all.

you mean health or money?

if we only look at the earings he's nothing compared to todays stars

h signed a 25 year deal netting him $1m each season. yep $25m over the career while guys like Joe Johnson will earn that much in just one year

he meant as an entrepreneur after his nba days
to quote wiki

Magic Johnson Enterprises is a company owned by former basketball superstar Magic Johnson. It owns various movie theatres and restaurants in the United States, including several Starbucks, Sodexo, T.G.I. Friday's and Burger King locations. The company is affiliated and partnered with Carlson Companies.
The Beverly Hills-based Magic Johnson Enterprises has AMC Magic Johnson Theatres in four cities, 116 Starbucks in 14 states and Washington, 31 Burger King restaurants in the Southeast, and 13 24-Hour Fitness/Magic Johnson Sport health clubs. Johnson owned a nearly 5% share of the Lakers, until its sale to Patrick Soon-Shiong in 2010. In March 2008 Johnson signed a multiyear marketing deal to help electronics retailer Best Buy Co. bolster sales in urban neighborhoods.[1]
Johnson's urban investments were formed in 1998 as the Canyon-Johnson Urban Fund, an alliance with Canyon Capital. The alliance has financed 31 real estate developments in 13 states and Washington. The first Canyon-Johnson Urban Fund struggled for two years to raise $300 million to invest in urban neighborhoods. A subsequent fund raised $600 million while the third and biggest investment fund was started in April 2008 and drew $1 billion from pension funds and other investors.[1]
After some criticism that he only invested with others money, in 1995 Johnson took an equity stake along with what was then the Loews chain in the 12-screen movie theater in Baldwin Hills. Three years later, he opened a Starbucks coffee shop in South L.A. and remains the Seattle-based coffee company's only joint-venture partner.[1]
The Canyon-Johnson fund was involved in the $100-million purchase of the 32-story former Transamerica Center complex in downtown Los Angeles that subsequently was renovated and sold for $205 million. The fund also had a stake in Sunset+Vine in Hollywood, which was built for $125 million and sold for $160 million.[1]

[Neutral 123]

This is exactly what they talk about and say on Fox News, and now it finally makes sense to me. NBA players, like CEOs, or any other wealthy person, make more money because they are more talented and work harder. Erick Dampier, and basketball players today make more money because they are harder workers and better basketball players. That is how compensation works in a democracy. This isn't Communist China my friends.

[cb4_89]

This is exactly what they talk about and say on Fox News, and now it finally makes sense to me. NBA players, like CEOs, or any other wealthy person, make more money because they are more talented and work harder. Erick Dampier, and basketball players today make more money because they are harder workers and better basketball players. That is how compensation works in a democracy. This isn't Communist China my friends.

They are harder workers than who?

[Neutral 123]

This is exactly what they talk about and say on Fox News, and now it finally makes sense to me. NBA players, like CEOs, or any other wealthy person, make more money because they are more talented and work harder. Erick Dampier, and basketball players today make more money because they are harder workers and better basketball players. That is how compensation works in a democracy. This isn't Communist China my friends.

They are harder workers than who?

Than anyone who makes less than them.

[cb4_89]

This is exactly what they talk about and say on Fox News, and now it finally makes sense to me. NBA players, like CEOs, or any other wealthy person, make more money because they are more talented and work harder. Erick Dampier, and basketball players today make more money because they are harder workers and better basketball players. That is how compensation works in a democracy. This isn't Communist China my friends.

They are harder workers than who?

Than anyone who makes less than them.

NBA players or in general? Eric Dampier is in no way, shape or form a harder worker than most doctors. He is not a harder worker than most immigrant workers working 2-3 jobs.

It is called supply and demand. There are less people that can offer what Eric Dampier can offer to the world than there are of people fit to be factory workers. Eric doesn't work harder than most people and he never did. Even with guys like kobe, there are always those workoholics that spend like 18 hours a day in the lab or in the office who work harder than him.

And even in the NBA. Random guys could work 5 times as hard as Damp just to make the league and not get paid as much as him. Your point makes no sense.

[Neutral 123]

NBA players or in general? Eric Dampier is in no way, shape or form a harder worker than most doctors. He is not a harder worker than most immigrant workers working 2-3 jobs.

It is called supply and demand. There are less people that can offer what Eric Dampier can offer to the world than there are of people fit to be factory workers. Eric doesn't work harder than most people and he never did. Even with guys like kobe, there are always those workoholics that spend like 18 hours a day in the lab or in the office who work harder than him.

And even in the NBA. Random guys could work 5 times as hard as Damp just to make the league and not get paid as much as him. Your point makes no sense.

Well I'm not an Economist, but most of what I've learned on this issue is from Fox News and the Republican party. They made it very clear to me by repeating it over and over again that if someone makes more than another, it's because they work harder. So I'm not sure I'm ready to believe this so called 'supply and demand' thing quite so fast. It's been made perfectly clear that if someone is poor it's because they are lazy, and those who make lots are just really really hard workers. By my calculations Dampier has worked over 100 times harder than the average worker, and probably deserves even more through tax cuts, so it isn't wasted helping about lazy people who make far far less than him....

[cb4_89]

Can't believe I didn't see it the first time lol.

[Doctor MJ]

just as a side note: back then the CBA had a way lower salary structure (including max salary)

Kobe's made nearly $100 million less that Garnett despite playing in the league only 1 year less because there was no max salary in place until the '98 work stoppage. Hence, Garnett got the richest deal in history before the change and Kobe got crumbs afterward.

By no means were they uping and uping max salaries until '98 and then forcing them to come crashing down. Players salaries just kept escalating and escalating and Jordan at his peak was making more than I believe KG or Kobe ever made.

EDIT: btw, this is what makes it so amazing that NBA teams claim to be losing money now. They got the players to absolutely cave on everything a decade ago, and NBA's revenue growth has easily eclipsed the economy's. They also have it in place so that the actual amount of NBA salaries they pay gets capped at a certain percentage of the revenue so it's not even like Rashard Lewis type salaries should be killing them. There's really no business on the planet who gets to cap talent costs as a fraction of revenues, gets to have revenues exceed reasonable expectations, and still manages to lose money without heavy doses of incompetence.