TV talent doesn't come cheap. But TV producers haven’t paid out as much as those paying certain high-profile athletes.
You may think $20 million for Charlie Sheen on “Two and a Half
Men” was a good take for an entire season -- or for his replacement Ashton Kutcher, reported to have pulled in $24 million for a season.
But Sheen and Kutcher have nothing on Floyd
Mayweather and the single TV program he starred in, the one where he fought and beat Manny Pacquiao. Mayweather reportedly will pull in $220 million for one fight:36 minutes of time in the
ring.
Overall estimates are the fight grossed just over $600 million from all revenue -- pay-per-view receipts and otherwise -- the highest ever for a boxing match.
Yes, we
realized a lot goes into that 36 minutes of fighting -- and an overall two-and-a-half-hour production. There is months of preparation. Still... $220 million!
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Alex Rodriguez of the New York
Yankees signed a 10-year contract in 2007 for $275 million, in part because of what the Yankees expected to receive from TV contracts and advertisers. The other big piece was actual ticket sales at
Yankee Stadium. Meanwhile, NBA player Tim Duncan has earned $235 million for his entire 18-year career.
Sports athletes can demand big salaries in recent decades because of ever-rising TV
license fees from teams/leagues.
Don’t cry for loser Manny Pacquiao. He could wind up earning a little north of $150 million, which is about the current money LeBron James has made so
far as perhaps the best basketball player on the planet.
Back to regular TV shows: Fractionalization of TV ratings has forced TV networks to seek other platforms looking for premium TV content
-- the likes of Netflix, Amazon, or Hulu -- to make back for lost revenues (as well as retransmission fees).
Right now, three of the actors on “Big Bang Theory,” the high-rated CBS
show, each make $1 million per episode — the highest current salary for TV stars. Will regular TV production costs
continue to grow, along with TV talent salaries? Many don’t believe even with these new digital platforms additions, salaries will continue to climb.
Future actors will have to fight to
maintain top TV dollars -- figuratively, and perhaps literally -- to keep that going.