9:20AM
RealClearSports: Exorbitant Salaries? Just Supply and Demand
By Art Spander
For RealClearSports.com
In Britain, where austerity is in vogue and government budget cuts affect the health system, schools and other vital services, Liverpool of the Premier League signed free-agent soccer star Joe Cole for four years at $7.4 million a year. Hardly austere.
On this side of the Atlantic, the New Jersey Devils, based in Newark, a city with an unemployment rate of more than 13 percent, happily re-signed Ilya Kovalchuk to a 17-year, $102 million contract. Even though rejected by the National Hockey League, it disturbed many citizens.
Read the full story here.
© RealClearSports 2010
For RealClearSports.com
In Britain, where austerity is in vogue and government budget cuts affect the health system, schools and other vital services, Liverpool of the Premier League signed free-agent soccer star Joe Cole for four years at $7.4 million a year. Hardly austere.
On this side of the Atlantic, the New Jersey Devils, based in Newark, a city with an unemployment rate of more than 13 percent, happily re-signed Ilya Kovalchuk to a 17-year, $102 million contract. Even though rejected by the National Hockey League, it disturbed many citizens.
Read the full story here.
© RealClearSports 2010
Categories: 
articles, hockey, sports and society
articles, hockey, sports and society
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