More Videos
- Yankees Team Signed Ball Selling For $3,500
- Moon Hopes To Complete Amazing Story
- These Poker Stories Are No Bluff
- Did Matsui Make Contract Money Last Night?
- Adidas Out At UCF After MJ's Son Wears Jordans
- If Yanks Win, Merchandise Will Fly Off Shelves
- Final World Series Games Big Money Makers
- What I Got Wrong About Keflezighi
- Marathon's Headline Win Is Empty
- New Cubs Owner Tom Ricketts Goes One-on-One With "SportsBiz"
RSS FEED
MOST SHARED
- Pociask: In The Electronics War Does The Consumer Really Win?
- Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
- Justices Poke Fun at Patents for the Abstract
- Tyco International Profit Falls Less Than Expected
- Can Apple Top Microsoft as Most Valuable Tech Firm?
- Israel: Leader of Business Innovation
- AIG Moving Toward Repaying Bailout: Moody's
- News Corp. May Pull Content From Google Searches
- America Is On Sale
- Warren Buffett and the Crisis: 'Brilliant Moves Interspersed with Some Surprising Errors'
- Schork Oil Outlook: More Strength in Crude
- Chrysler Makes Smart Call Staying Unplugged—For Now
- Your Next Move: Thriving and Managing in Limbo
- Yankees Team Signed Ball Selling For $3,500
- Pociask: In The Electronics War Does The Consumer Really Win?
- Why are Options Bullish on This Smartphone Maker?
- Is 10% Unemployment Good for Stocks?
- Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
- New Lows for Stocks Next Year: Equities Bear
- AIG Moving Toward Repaying Bailout: Moody's
- Peak Oil Closer Than IEA Forecasts Show: Report
- JPMorgan Is Latest Firm to Reinstate 401k Matches
- Buffett and the Crisis: 'Brilliant Moves...Surprising Errors'
- Stocks Keep on Ticking as Dollar Takes a Licking
- News Corp. May Pull Content From Google Searches
- Your Next Move: Thriving and Managing in Limbo
Sports Biz
Text Size 
New York Knicks guard Stephon Marbury might have been known as the guy who made shoes affordable to all. But he’ll also be known as the guy who did the least for the most while the economy turned to mush.
 |
In fact, Marbury, who didn’t play a minute for the team this season, earned so much money for doing nothing that he could have purchased a pair of his cheap Steve & Barry’s Starbury shoes every nine seconds, with the money that the Knicks gave him.
ESPN.com first reported that the Knicks reached a buyout agreement on Tuesday afternoon and while we don’t know details of that buyout, we do know that it’s believed that Marbury is going to forgo between $2 million and $3 million in salary.
Marbury was scheduled to earn $20.8 million from the Knicks. So let’s play it conservative and say the final agreement is for $17.8 million. Using that number, we worked up some math that you will surely cringe over.
- Days since the start of the season: 119
- Salary per day: $149,579
- Salary per hour: $6,232
- Salary per minute: $104
- Salary per second: $1.73
Indeed, Marbury earned enough money to buy a pair of his Starbury shoes ($14.98 per pair) every nine seconds.
Assuming an average per capita income of $39,000 here in the United States and a $17.8 million settlement, Marbury earned what an average American earns for the year in less than 6 1/2 hours. He also earned the salary of 456 Americans by not playing a single minute for the Knicks.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes