The Economics Of Athletic Instability: The Case Of Andrew Bynum

Dec 28 2013, 7:01pm CST | by

The Economics Of Athletic Instability: The Case Of Andrew Bynum
Photo Credit: Forbes Business

Andrew Bynum was indefinitely suspended by the Cleveland Cavaliers for conduct detrimental to his team.

Upon hearing this news, numerous things flooded through my mind:

1) The Los Angeles Lakers showed some personnel acumen by dumping Bynum after the 2011-12 season, a decision which at the time was highly questioned by some given Bynum’s youth, potential, and completion of what was his first All-Star season.

2) Is it happenstance or strategic that Bynum’s lone All-Star season was in the year just before he was sent to Philadelphia?  Or is the fact that the Lakers decided to dump Bynum with one year left in his contract after the 2011-12 season DESPITE having the best season of his career a most telling indictment of what they thought of his motivation, determination, and drive?

3) How can I make millions of dollars by being inactive in my field and an under-motivated, lazy individual?

Bynum earned $16.1 million in 2012-13 playing for the 76ers, except he actually did NOT play for the Sixers because of his knees.  So skeptical of Bynum’s future were the 76ers that the Cavaliers were willing to take a chance.  Thankfully, either because of concerns about his knees and/or motivation, the Cavs 2-year deal worth nearly $25 million allowed for an out…and only $6 million of the contract is guaranteed as of now.  As noted here, the Cavs have until January 5th before being on the hook for more…so look for Bynum to either get dealt or be released outright.

Andrew Bynum has earned over $60 million to date playing professional basketball, and has earned 2 World Championship rings.  Let’s hope he’s been wise enough to save his money, because it would appear that NBA teams are now hip to his act.

As the case of Andrew Bynum has proven, talent and promise can make you a millionaire…but laziness and instability (be it physical or mental) will minimize one’s yield relative to their productive potential.

=================

Patrick is an Economics Professor at the George Herbert Walker School of Business and Technology at Webster University in St Louis, MO, and the Founder/Director of Sportsimpacts.  Follow him on Twitter.

Source: Forbes Business

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Mummy wearing jewellery unearthed in Egypt
London, Nov 23 (IANS) Spanish archaeologists have discovered about 4,000 years old female mummy wearing rare jewellery in Egypt.
 
 
Exercise and fasting could boost brain's functions
Washington, Nov 23 (IANS) Exercise along with occasional fasting is good for boosting the brain's neurons, shows a new research.
 
 
One infant dies in Pakistan hospital
Islamabad, Nov 23 (IANS) One more infant died due to lack of oxygen in an incubator and negligence of the hospital administration in Pakistan, bringing the number of such deaths to 19 in the past five days.
 
 
American whiskey faces challenge in whisky-gulping India
Washington, Nov 23 (IANS) For the most part Indians love things American, but when it comes to their tipple, the world's largest whisky drinkers usually go for Scotch or their very own home-made brands.
 
 
 

Latest from the Network

Australia the team to beat at World Cup: Vaughan
London, Nov 23 (IANS) Former England captain Michael Vaughan Sunday said that having hit upon a rich vein of form against South Africa, Australia have emerged as the front-runners and will be the team to beat at the...
Read more on Sport Balla
 
Taylor Swift to receive Dick Clark Award
Los Angeles, Nov 23 (IANS) Singer Taylor Swift has been named as the first recipient of Dick Clark Award For excellence at 2014 American Music Awards (AMAs). The 24-year-old, who is enjoying a great year with her...
Read more on Celebrity Balla
 
Australia displace India as top ODI team
Dubai, Nov 23 (IANS) Four-time World Champion Australia Sunday returned to the top of the One-Day International (ODI) Team Rankings, displacing India, after defeating South Africa 4-1 in a five-match series, as per the...
Read more on Sport Balla
 
Iraqi court sentences Sunni politician to death
Baghdad, Nov 23 (IANS) An Iraqi court Sunday sentenced a former Sunni lawmaker to death on a criminal charge, an official said. "The Central Criminal Court issued today a verdict of death penalty for the former...
Read more on Politics Balla
 
Amzon Black Friday 2014: $3.99 Blu-ray Movies
Black Friday 2014 Sales events are underway since Friday with the Amazon Black Friday 2014 Deals Week and the Walmart Black Friday Pre Sale. Walmart matched several advertised Black Friday 2014 deals of competitors on...
Read more on Black Friday Countdown
 
Best Buy Black Friday 2014 sale launched with $3.99 Blu-ray Movie
Like Walmart and Amazon, Best Buy kicks off their Black Friday 2014 sale early. You can already buy Best Buy Black Friday deals advertised in the Best Buy Black Friday 2014 ad today online at bestbuy.com. There is no...
Read more on Movie Balla
 
Messi delighted with new La Liga scoring record
Madrid, Nov 23 (IANS) Lionel Messi has made footballing history, scoring a hat-trick against Sevilla which made him the highest scorer in the history of the Spanish La Liga. Messi's 252nd, 253rd and 254th goals...
Read more on Sport Balla
 
Tatum, Carolin to co-direct 'Leonard Peacock'
Los Angeles, Nov 23 (IANS) Actor Channing Tatum and filmmaker Reid Carolin have been roped in by the Weinstein Company to co-direct and produce the film "Leonard Peacock", an adaptation of Matthew Quick's YA book "...
Read more on Celebrity Balla
 
Burdwan blast mastermind's wife held in Dhaka
Dhaka, Nov 23 (IANS) The women's wing chief of the terrorist group Jamaat-ul-Mujahideen Bangladesh (JMB) who confessed to training at least 25 women in West Bengal has been arrested here, the media said Sunday. Fatema...
Read more on Politics Balla
 
Afghan lower house approves US, NATO agreements
Kabul, Nov 23 (IANS) The lower house of Afghanistan's parliament Sunday approved a Bilateral Security Agreement (BSA) with the US and Status of Forces Agreement (SOFA) with NATO. In an extra-ordinary session, attended...
Read more on Politics Balla