Lebron James: Crucified For All Our (Basketball Viewing) Sins

Planet Money 427: LeBron James is Still Underpaid makes a strong economic case that James doesn't make nearly what he's worth-- he's underpaid for his talent, he's underpaid for his effect on ticket sales and TV revenue for whatever team he plays for, and he deserves money for his global effect on the league-- but the owners and the players like it that way . . . LeBron suffers so they can all prosper (and LeBron himself might like it that way as well, because without the odd profit sharing, parity generating practices of the league, he might have nowhere to showcase his talents) and while I recommend listening to this entire podcast, if you just want a quick laugh, go six and a half minutes in and listen to the description of the NBA draft and just how strange it really is . . . imagine if "the best software engineer at MIT," a guy who could go to Silicon Valley and make millions with Google, had to throw his name into a pool and then be selected by one of the worst companies in the country, to work for a prescribed salary, and one day got a letter in the mail saying he was assigned to the IT department at Best Buy.