Not all professional athletes earn their income the same way. While top athletes in leagues like the NFL or NBA receive large salaries, players in sports such as tennis, golf, and track and field often rely heavily on sponsorships for the majority of their earnings.
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Octagon – Octagon highlights that individual sports like tennis and golf have significant sponsorship reliance. They also stress that endorsements often exceed prize money for top stars.
Wasserman – Wasserman notes that Olympic athletes depend almost entirely on sponsorships. They also emphasize the need for storytelling to attract global brands.
Excel Sports Management – Excel Sports Management points out that lower-profile leagues offer limited salaries. They also recommend athletes diversify revenue streams with local sponsors.
CAA Sports – CAA Sports highlights that sponsorship is especially critical in emerging and niche sports. They also stress aligning athletes with brands that match their personal values.
Together, these companies show that while team athletes may rely on contracts, many individual athletes depend primarily on sponsorships.