Here’s a recent comment from Kyrie Irving that serves as a reminder of his combination of ignorance and arrogance:
Stephen A. Smith, arguably the most recognizable name in sports broadcasting, recently signed a five-year, $25 million contract with ESPN. That’s more annually than Victor Wembanyama, the San Antonio Spurs’ rising star, who’s making $13.7 million. “Does Smith deserve to earn more than Wemby?” Kyrie Irving asked rhetorically—highlighting the strange optics of a broadcaster out-earning a generational basketball talent.
Of course, Kyrie clearly believes the answer is no. Thankfully, what ESPN pays Stephen A Smith or anyone else is not up to Kyrie Irving. There’s something called a market economy that determines Smith’s value. Smith’s new 5-year, $100M contract comes after 21 years at ESPN building a following and establishing his value to the network in the marketplace. Whether you like him or not, he’s a big personality that brings viewership and the market sets a price for what he brings. Meanwhile, Wemby is 21 years old in heading into year 3 of a 4-year $55.17M contract. Wemby’s stats in his first two seasons were impressive, although he missed 50% of last season’s games. But truth is, Wemby’s next contract will dwarf Stephen A. Smith’s unless in the unlikely event Wemby fails miserably.
NBA player compensation is regulated by the League under an agreement with the Players Association. Without that regulation, Wemby would probably make more money now than he’s current making and likely more money later at the expense of other less gifted players who would make less as a result. So for the good of the League overall, the CBA introduces a level of discipline and equity that the market would not otherwise provide on its own. The compensation ESPN pays its personalities is left entirely to the market. In this case, after over 20 years, Stephen A Smith will get a 5-year $100M deal.
Does Smith “deserve” to earn more than Wemby right now? It’s a dumb question, but if forced to answer it the answer is yes. The market tells us Smith “deserves” his new $100M contract. And the CBA tells us the Wemby deserves exactly what he’s making, which is the top of the rookie scale for the #1 pick in the NBA draft. Will Wemby “deserve” what he ends up making in his future NBA contracts, which will be far more than anything Smith ever gets? Again the answer is yes. Wemby will end up getting what a team is willing to pay him within the constrains of an agreement (the CBA) Wemby effectively agreed to when he decided to become part of a League and a Players Association with a collective bargaining agreement. It’s that simple and there’s nothing profound in Kryrie’s ridiculous point dressed up as a rhetorical question.
I took the time to write about this otherwise meaningless comment by Kyrie only because I grow weary of this “woe is me” victim culture that’s developed among some modern professional athletes. I supposed Kyrie probably holds a grudge against Smith for something Smith said about him and that might be what triggered him in this instance. He can worry and fret about what Stephen A and others say about his effort and commitment to the teams he’s played for. But one thing no one should worry about is some sort of perceived injustice between what a highly popular television/Internet personality makes compared to an elite NBA player. If there’s some sense of cosmic justice when it comes to compensation for work, my maternal grandfather working in a steel mill and my paternal grandfather fresh off the boat from Lithuania selling vegetables from a cart on the streets of Philly should have been paid a lot more than they made. I consider their work more valuable than what Wemby or Stephen A do, but alas we live in a world where neither I nor Kyrie Irving determines the value of each person’s work - and that’s a good thing.
