You’d almost forget we were still feeling the pain of a recession the way sports teams hand out checks! Vernon Davis just signed a reported $37 million extension ($23 million guaranteed) five-year deal with the San Francisco 49ers, making him the highest paid Tight End in NFL history.
Davis also still has another $5+ million coming from his $23 million rookie deal this year, which was also history-making when he signed it back in 2006.
NFL.com reports: “Davis is coming off his first Pro Bowl appearance following a breakthrough season in 2009. Last season, Davis led all tight ends with 13 touchdowns, with a team-leading 78 receptions for 965 yards. Davis is set to earn $5.705 million this season in the final season of the five-year rookie deal he signed in 2006. He is now signed through 2015.”
If he invests wisely, Davis will be close to billionaire status by the time he hits age 31. Not too shabby! The question is, do you think that sports players are overpaid? Or are they fairly compensated for their risks of permanent injury and/or the entertainment factor of their careers?