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I believe they are overpaid but only because we are stupid enough to support them. If people quit buying tickets to games, didn't buy paraphenalia (ok, I can't spell), cancelled their season tickets on direct TV, etc... Their salaries would not stay at the level they are for very long. But sports is the only real diversion that most middle class guys have so we will continue to support these guys.
Free market, I suppose. If the market couldn't bear it, they couldn't demand it.
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