Link: Eli Manning: $97 Million Contract Extension

ALBANY, N.Y. — Eli Manning has agreed to a new six-year, $97 million contract extension with the New York Giants that will make him among the highest-paid players in the NFL with an average salary of roughly $15.3 million, a source told ESPN senior NFL analyst Chris Mortensen.

Why on Earth do we continue to pay our athletes hundreds of millions of dollars? The rich owners can pay their employees whatever they like, of course, and sporting events do in some ways stimulate different economies and markets, but paying specific people more money than they should be spending for something they just happen to be good at is a waste. Don’t get me wrong—I love sports and have numerous athletes I actively cheer for. However, I also think certain areas of the sports industry, like this one, need to be seriously changed.