stackyFACTSIf you are the best college football player in the country, your first professional paycheck is artificially capped by old men in suits.
If you are the best college football player in the country, your first professional paycheck is artificially capped by old men in suits. Major sports leagues instituted 'rookie wage scales' specifically to prevent unproven players from securing massive payouts right out of the draft. It is a brilliant form of legalized labor collusion where the veteran players and owners agree to brutally underpay the youngest, most talented employees in the league.
Keep exploring facts in this topic.
Economy →STACKY FOR IPHONEKeep discovering with Stacky. Interesting facts in an app that is always within reach.
Standing on the sidelines of a multi-billion dollar football empire apparently doesn't earn you a living wage. For decades, NFL cheerleaders were classified…
Discover more
Signing a $100 million NFL contract doesn't mean you're actually getting $100 million. Unlike baseball or basketball, many football contracts are…
Discover more
The path to the major leagues is paved with extreme poverty and maxed-out credit cards. Until very recently, minor league baseball players were paid salaries…
Discover more
Unpaid internships initially emerged as a way to provide clinical training for doctors in the early twentieth century, but eventually mutated into a massive…
Discover more
When a server enthusiastically suggests the most outrageously expensive beverage on the menu, they are not looking out for your palate. This is a classic…
Discover more
Generations of civic workers were promised a comfortable retirement, but someone forgot to actually save the money. A massive number of state pension funds…
Discover more