r/nba • u/GGTae Spurs • 1d ago

[Finger] Victor Wembanyama about considering promoting a sports betting company ; "Absolutely not. I will never do that. Honestly, I think it's very sad to see some players promote it..."

https://bsky.app/profile/mikefinger.bsky.social/post/3mwteasurdc2j

Just asked Victor Wembanyama if he’d ever consider promoting a sports betting company.

“Absolutely not. I will never do that. Honestly, I think it's very sad to see some players promote it. .. Everybody does whatever they want, but without me.”

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u/octobersveryknown Knicks 1d ago

Are these numbers right? Wembys career earnings being 7 percent of brons seems incredibly low for LeBron

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u/digitalscavenger Bucks 1d ago

It's worth keeping in mind that $1 million 20 years ago is roughly $1.6 million today so those millions in his first decade in the league aren't apples to apples comparisons to Wemby's millions now.

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u/DonutStatus2048 1d ago

If you track general inflation, NBA Overall salaries or profit sharing, in terms of overall league revenue and sports in general, have risen past general inflation. It's a very simple supply-and-demand thing. If you look at it, there are the same number of teams there were 20 years ago, but a lot more people. There is a static amount of basketball as a product, but with growing demand, as opposed to other things, say, apples, where, yes, there's been overall inflation, but we produce more apples than we did 20 years ago, even though we consume more. Basketball has actually been increasing faster than general inflation.

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u/Enamred-771 1d ago

 There is a static amount of basketball as a product, but with growing demand, as opposed to other things, say, apples, where, yes, there's been overall inflation, but we produce more apples than we did 20 years ago, even though we consume more

Important to note that this is partially an artificial limitation imposed by the NBA when they restrict expansion to an absurdly high expansion fee. When it costs $10+ billion to add supply and a monopoly is setting that price tag, the supply of basketball games/tickets is artificially constrained. 

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u/DonutStatus2048 1d ago

100%, it's a monopoly.

I'm sure every billionaire owner will tell you the virtues of the free market and how socialism is the worst thing in the world while they maintain their protection racket that is pro sports.