LeBron James is arguably the best player in the NBA. His salary is $17.5 million a year. He's worth much, much more.
"He's getting hosed," says Kevin Grier, an economist from the University of Oklahoma.
James used to play for the Cleveland Cavaliers. When he left, the value of the team fell by tens of millions of dollars — and the value of his new team, the Miami Heat, rose by tens of millions. The economists I talked to said James should be making closer to $40 million a year.
Good morning. I'm Renée Montagne with a new invention for the lonely diner - a ramen bowl with a built-in iPhone dock. Eating the popular noodle dish normally requires two hands - one for chopsticks, the other for a spoon. Designers at a Taiwanese company noticed a guy trying to do that while juggling his cell phone. So they came up with a way to slurp it up while watching videos or reading emails hands free.
One flaw - no splash guard for the brothy dish. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Frank Gore of the San Francisco 49ers had a terrible NFC championship game. Sure, he ran for two touchdowns. And yes, his team came back to win and made it to the Super Bowl. But pro football officials noticed his socks were sagging. It was his second dress code violation of the season and they fined him $10,500. Imagine what your bank account would like if your mom could do that to you.
You're listening to MORNING EDITION. Transcript provided by NPR, Copyright NPR.