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Old 07-11-04, 07:34 PM   #1
edidiot
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Lance makes 16 millions a year

Prime time on OLN, besides his salary of few hundreds thousand dollars, he make additional 16 mils from advertising, endorsement.

Don't you think he is the highest-paid cyclist in the world?
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Old 07-11-04, 07:36 PM   #2
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He deserves every penny of it too.
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Old 07-11-04, 08:32 PM   #3
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It's not a lot by standards of other professional sports figures. I mean, I read that Michelle Kwan, the figure skater made about that much too, and that's figure skating! Tiger Woods made 22 million his first year pro, and he just hits a ball for 2- 3 days! Tennis players typically make that much from their sponsor, and that doesn't count the commercials and other advertisements they agree to do. I am not even raising an eyebrow over 16 million. That's typical for professional sports folks. They sell bikes and products and whatever else they wear, drink, eat, etc.

Didn't LeBron James get something like 40 million bucks from Nike? And that pip squeak barely graduated high school!



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Old 07-11-04, 08:35 PM   #4
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Michael Schumauker(sp) makes 150mil a year last I heard
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Old 07-11-04, 09:07 PM   #5
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Originally Posted by Koffee Brown
It's not a lot by standards of other professional sports figures. I mean, I read that Michelle Kwan, the figure skater made about that much too, and that's figure skating! Tiger Woods made 22 million his first year pro, and he just hits a ball for 2- 3 days! Tennis players typically make that much from their sponsor, and that doesn't count the commercials and other advertisements they agree to do. I am not even raising an eyebrow over 16 million. That's typical for professional sports folks. They sell bikes and products and whatever else they wear, drink, eat, etc.

Didn't LeBron James get something like 40 million bucks from Nike? And that pip squeak barely graduated high school!



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Lebron got 90 million from Nike..... 90 Million dollars, and it doesnt matter whether he wins or loses, all he has to do is wear their clothes/shoes. Crazy!
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Old 07-11-04, 09:30 PM   #6
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Michael Schumauker(sp) makes 150mil a year last I heard
Schumacher's last contract was for $150 million over 3 years. Still that makes him the highest paid athlete in the world....
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Old 07-11-04, 09:32 PM   #7
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all that money tends to corrup the athetes. we see more and more of the problems it causes. once you mix a lot of money into something it get ruined.
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Old 07-11-04, 10:33 PM   #8
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He deserves every penny of it too.
Agreed. In terms of value, he far surpasses any other athlete from any other sport. He is cheap labor in terms of what he provides. A cancer survivor who comes back from near death to set what will probably be an unbeatable record, and in the meantime sets up charities and brings attention and money to worthy causes. Aside from the "leaving his wife and kids" thing (I don't know the details), he is quite possibly the best role model the sports world can provide. His salary is probably a drop in the bucket compared to how much cash his name generates for his sponsors and charities.

That being said, he seems to have a pretty rock'n'roll lifestyle. His crib from the Lance Chronicles is pretty spectacular. I wonder if has a joing checking account with Cheryl?
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Old 07-11-04, 11:03 PM   #9
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16 million IMO is not alot most of that is from advertising not from Postal thats for sure. I think to be fair he should be paid more for his days work but I think alot of cyclists should be paid more than they are.
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Old 07-11-04, 11:10 PM   #10
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why? who needs 16 million? look how he is starting to act. money tends to really ruin people power and fame do too. just look what it is doing to the NBA and baseball.
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Old 07-11-04, 11:30 PM   #11
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Originally Posted by steveknight
why? who needs 16 million? look how he is starting to act. money tends to really ruin people power and fame do too. just look what it is doing to the NBA and baseball.
He does seem kinda cocky talking about his 16th century Armoire bought from the country of origin of his teammates, and his original Van Goghs...

Other than that, I don't think he is acting badly. What is he doing?
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Old 07-12-04, 09:36 AM   #12
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Originally Posted by steveknight
why? who needs 16 million? look how he is starting to act. money tends to really ruin people power and fame do too. just look what it is doing to the NBA and baseball.
That is a pretty biased, huge generalization.
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Old 07-12-04, 11:04 AM   #13
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He works harder for that money than any other pro athlete who makes 10 times that. Like Schumacher.

NBA players/salaries make me sick. I don't mind Armstrong's income one bit. He deserves more.
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Old 07-12-04, 11:08 AM   #14
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Originally Posted by Towlie
He does seem kinda cocky talking about his 16th century Armoire bought from the country of origin of his teammates, and his original Van Goghs...

Other than that, I don't think he is acting badly. What is he doing?
I don't mind this. My father is an artist and I grew up around art. If Lance appreciates what he can buy (and not just view it as an investment) then I wish him all the best. He gives the impression that he actually loves his art collection. Must be great to be able to afford it.
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Old 07-12-04, 11:11 AM   #15
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You know who really earn the big bucks? Golfers! All that walking and swinging clubs - that's easily worth what Tiger gets paid yearly.

And baseball players - A Rod deserves 23M a year for all that time he sits on a bench.

But seriously, I wonder how Hincapie feels about Tiger getting paid what he does and never having to break a sweat while Georgie busts his ass day in and day out.
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Old 07-12-04, 11:19 AM   #16
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You know who really earn the big bucks? Golfers! All that walking and swinging clubs - that's easily worth what Tiger gets paid yearly.

And baseball players - A Rod deserves 23M a year for all that time he sits on a bench.

But seriously, I wonder how Hincapie feels about Tiger getting paid what he does and never having to break a sweat while Georgie busts his ass day in and day out.
Ah! The power of mass-marketing and TV audiences. The funny thing is, every weekend warrior golfer out there is convinced that with the right equipment and just a "little more time" (s)he too could be like Tiger. And they back this belief up by spending millions and millions each year. The golf audience is huge compared to the cycling audience and they spend way more. On the other hand, I know that Tyler's bike in my hands won't make me any faster ... or will it? Maybe if they ran a commercial telling me it would ... who knows?
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Old 07-12-04, 11:31 AM   #17
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You guys missed my point, my question is that is he the highest paid cyclist, I wasn't comparing him with basketball, baseball or auto-racing. Why put all of the numbers here, we all well know how much others make in other sports. I don't think Ullrich, or other racer in TDF makes as half as what Lance makes right now. I could be wrong, but 16 mils is huge for a cyclist.

They didn't mention the books, so if 16 mils exclude the books, which he's written 4 or 5 in the past years, his income is even more.
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Old 07-12-04, 11:39 AM   #18
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Yes, Lance is the highest paid cyclist, by far.
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Old 07-12-04, 12:11 PM   #19
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Quote:
Originally Posted by edidiot
You guys missed my point, my question is that is he the highest paid cyclist, I wasn't comparing him with basketball, baseball or auto-racing. Why put all of the numbers here, we all well know how much others make in other sports. I don't think Ullrich, or other racer in TDF makes as half as what Lance makes right now. I could be wrong, but 16 mils is huge for a cyclist.

They didn't mention the books, so if 16 mils exclude the books, which he's written 4 or 5 in the past years, his income is even more.
If I remember correctly, LeMond was the first cyclist to be paid 1 million. No idea what Fignon, Hinault, Merckx etc made, but based upon their abilities vs salaries, I'd say Lance is over paid. What he is worth as a marketing tool, who knows.

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Old 07-12-04, 12:18 PM   #20
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Originally Posted by steveknight
why? who needs 16 million? look how he is starting to act. money tends to really ruin people power and fame do too. just look what it is doing to the NBA and baseball.

no one needs 16 million. however, business is business. if an individual can bring x millions of dollars in revenue to a company, then he is worth some portion of that. no matter how large the figures are.
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Old 07-12-04, 01:25 PM   #21
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Interestingly enough, the big wage earners you are discussing all have one thing in common; doing something they love to do, trying to be the best they can at it, setting goals, and having the focus and discipline to achieve those goals. Thus, their careers have been successful because they have developed the ability to know what their strengths and weaknesses are (in their given discipline and in life in general), they understand the importance of setting goals, sometimes in spite of incredible adversity.

The money is merely a by-product; the quid, if you will, in the quid-pro-quo that exists in life. As for how much compensation or net worth anyone "needs", what does need have to do with it? Personal wealth is not a zero sum game. That Lance earns $16m (or $19m according to Forbes) does not mean that someone else is denied access to that same $16m. As for how much he earns, nobody is giving away that money. Every dollar he earns provides a return on investment for a sponsor, and handsome ones at that.

Bottom Line: It's called capitalism and it rewards those who aspire to do great things and who can develop the skills, knowledge, and relationships necessary to achieve their aspirations. The weathiest people in the world, managing money becomes yet another area to excel in and net worth is merely the score card they use to measure progress against their peers. The neat thing is, anyone living in this or most other free-market economies are free to pursue their own fortunes in the same way: fortune is relative.

Last edited by livngood; 07-12-04 at 07:39 PM.
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Old 07-12-04, 01:45 PM   #22
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Quote:
Originally Posted by Towlie
He does seem kinda cocky talking about his 16th century Armoire bought from the country of origin of his teammates, and his original Van Goghs...
Cocky or just a guy talking about his "stuff?" If someone decided to do a TV show about you and the producer asked you to give the audience a tour of your home what would you show them and what would you say about it? Remember, it's your "stuff", i.e., the things you are surrounded by every day when you are at home.
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Old 07-12-04, 02:28 PM   #23
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Originally Posted by Grampy™
Schumacher's last contract was for $150 million over 3 years. Still that makes him the highest paid athlete in the world....
Did you call a race car DRIVER an athlete??
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Old 07-12-04, 02:32 PM   #24
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Did you call a race car DRIVER an athlete??
If you think that an F1 driver is not an athlete, it is obvious that you know nothing about F1.
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Old 07-12-04, 02:40 PM   #25
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You're right, I know nothing about F1.
But I do know that driving my car doesn't exactly work my CV system .




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If you think that an F1 driver is not an athlete, it is obvious that you know nothing about F1.
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