Synthesis

There are many situations where this economic principle can be applied to the real world. For instance, while studying athletes’ incentives (money). I found many examples of this principle. First, there are many athletes that would rather win than go to the team that pays them most. I chose to focus on Warriors’ Kevin Durant and Derrick Rose. With the superstar Durant accepting less money than Andre Iguodala who is the sixth man to keep the team together and Derrick Rose accepting less than 3 million dollars to join the Cavaliers, this displays their desire to win in the league. Contrary to others may think, this shows that some athletes value winning and success more than money.Second, I studied if college athletes should be paid and found some interesting information. There were examples of athletes not being able to provide for themselves. Like former UCONN basketball player who says that scholarships don’t cover enough. This demonstrates that at some point college athletes are going to need some sort of extra accommodation besides their scholarships. Third, I studied how athletes can become bankrupt and how they prevent bankruptcy.  There are athletes like Vince Young who blow their money and those like Rob Gronkowski who live like any other person. There are many factors that affect this. Such as family, people taking advantage of you, etc. This means that the athletes also have to be mentally strong aswell to avid going bankrupt. Overall, you can see that there aren’t as many athletes that don’t really care about the money as much as the sport.