Imagine what you could do with 4.5 million dollars. Perhaps some of you don’t have to imagine. If so, congratulations. You can probably afford season tickets. We may never learn the real story with the probably untouchable Los Angeles Dodgers pitcher/slugger. His interpreter said he had a problem and his buddy helped him out. I really wish that I had a second language. I keep going back in my mind to Willie Mays and Mickey Mantle.
In today’s world, gambling and sports are partners, simultaneously raking in the big bucks with little or no consternation. Not so long ago, their paths were separate. Betting made money for some, but the whole thing was mostly underground, illegal, and considered by many to be immoral. The Black Sox scandal of 1919 nearly destroyed the integrity of the game of baseball when Chicago White Sox players were paid by “gamblers” to throw the World Series to the obliging Cincinnati Reds. Professional boxing and horse racing were other “sports” often linked to “fixes”. From club owners’ point of view, people buying tickets to watch sporting events need reassurance that the outcomes are not prearranged.
1951 was the first season that Mays and Mantle played for the Giants and Yankees and New York City simultaneously claimed three of the best center fielders of all time. Duke Snider was already established in Brooklyn. They each eventually played in World Series and were elected to the Hall of Fame. They were all three extremely talented and relatively well paid. Plus, if you played in New York, it was easier to make a few extra bucks endorsing products enjoyed by baseball fans of the day such as tobacco, beer, shaving cream, and razor blades. They didn’t have the kind of paydays we see now. One hundred thousand dollars was a huge salary in those days, not tens of millions. However, for a quick study of the ravages of inflation, please note that $65,000 then was like $500,000 today.
Players not named Yogi Berra were not able to manage their money so well. It would be a couple of decades before free agency,player agents, and financial managers joined the game. Neither Mays nor Mantle was headed for the poorhouse after retirement but they needed work. After former Cleveland star Al Rosen left his job with the Yankees to become executive vice president at Bally’s casino in Atlantic City, he quickly offered Mays a ten year contract at $100,000 per year to become a Bally’s employee, essentially a casino greeter. Soon, another casino, Claridge, made the same offer to Mantle.
Commissioner Bowie Kuhn countered that the two stars could work for casinos if they wanted to but they could not be employed by any baseball team at the same time. That was how squeaky clean the sports world wanted to be or at least look to be as late as the 1970s. A later commissioner, Peter Ueberroth of Los Angeles Olympics fame, lifted the ban and, oh how far we have come since then. Some of us had reflexes of shock and dismay to the recent merger of sport and betting. Now, articles concerning ballplayers note their salaries and length of contract details as much if not more than their batting averages, earned run averages and other statistics. Now we see the odds on everything from winning a game, winning a pennant, or striking out as part of every telecast brought to us by Fan Dual and other venues for dropping cash. I’ve lately been watching a lot of European soccer matches and the advertising in the stadiums and even on the uniforms for betting outlets is widespread.
Millionaires abound, paid by billionaires in the world of professional sports. Is this a good thing? Young people in their twenties or early thirties have enough spare wealth to “help their friends” in million dollar debt. it’s worrisome.
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