Inflation is affecting more than just the price of eggs and gasoline.
The Dallas Cowboys recently became the first sports team in history to reach $10 billion in value. Now. the team’s quarterback could become the NFL’s first player to earn $60 million annually.
It’s not just the NFL. The NBA’s top-paid player, the Golden State Warriors’ Stephen Curry, earns over $55 million annually. Major League Baseball players can earn even more. The Dodgers’ Shohei Ohtani earns $70 million annually — over $26 million more than the next highest-paid player.
The highest-paid athlete in the world this year is Christiano Rinaldo at $200 million.
The Wall Street Journal reports on how inflation is hitting NFL teams and how Dak Prescott could find himself in the perfect storm to become the league’s highest-paid player. Here’s the start of the story:
When Patrick Mahomes signed a new contract worth up to half a billion dollars in 2020, it blew every other deal across the National Football League clean out of the water. It was a mind-boggling agreement that also made perfect sense: the Kansas City Chiefs’ quarterback had become the unquestioned superstar at the most important position in the sport.
What’s strange is that Mahomes’s status remains unrivaled—he has won his second and third Super Bowls to prove it. But he’s no longer the highest paid player. In fact, he’s not especially close.
That’s because becoming the best-paid player in the NFL isn’t simply about being the best player. It’s about timing and leverage. It’s those two factors that are driving the most inflationary quarterback market in recent history. And it’s also why the quarterback who’s positioned to shatter the market’s ceiling is someone that casual football fans might not suspect.
The passer who has played his way into the type of dream scenario that could soon make him the NFL’s first $60 million a year player is none other than the Dallas Cowboys’ Dak Prescott.