I'm just talking about base salary? Is it in the 300-500K Range? Does Nike provide him with medical insurance? I read from a fromer OP runner that Nike athletes were responsible for their own insurance. Is this true. Plus they were responsible for taking $$$ out for taxes. Is this ture as well?
They do not take taxes out, you are not an employee of Nike however a contracted worker, they dont tell you how to do your job, just pay you for the finished product.
They do not provided insurance either, again you are not an employee of Nike.
Salazar on the other hand would be an employee and get insurance and etc.
They make you sign an agreement not to disclose contract amounts to prevent trouble between you and other athletes, so unless it slips we will never officially know. I like the way NFL and etc show their salaries and wish we did it as well for Running.
My Guess. His base salary is around 300-500k a year, and with bonus possibilities it gets pushed to 500-850k a year. Add in prize money and appearance fees and Rupp most likely made 700k to 1.1 million this past year. He is in his prime right now so he will make this over the next few years and once he gets to the Marathon hey may push that number even higher is he becomse a 2:04 guy after running 26:20-30's and 12:40'S on the track. This is my opinion after seeing a few contracts for top tiered athletes in his very small niche. If everything goes well he will be the highest paid distance runner in the world. He won't touch Usain Bolts 10mil yearly salary and 20 million total between gatorade, puma, and etc.
Not enough.
I read somewhere that you usually get health insurance, but it doesn't cover running related injuries or treatment.
Isn't there some dispensation for medical care? Not insurance, but I thought I'd read that some athletes get reimbursed for athletics-related health care.
really? Usain Bolt gets that much for doing a race that's over in the blink of an eye? Dang, lucrative.
aoijfaijf wrote:
Not enough.
I would guess they overpay him. How much money do you seriously think Nike brings in because Galen Rupp wears their gear?
Most of the companies will cover running related costs which would include blood work, physical therapy, chiropractice care, massage, and rehab.
They will not cover cancer treatments, sickness, and etc.
Also your family will not be covered either. Best case situation is get married to someone that gets health benefits or make a lot of money. If you make over 200,000 a year you can afford the health insurance premiums that you get charged. For young healthy families you can get by on a plan that costs 500-1,000 a month.
No insurance. No health stuff.
Base salary with bonus and reduction clauses.
Travel/medical budget. Depends who you are. Can be as little as a few grand to as much as 20-30k.
My good buddy works at the Nike HQ - as another poster said, salary figures aren't known but word has it that he makes 180k plus all the benefits that he needs (and also every training advantage known to mankind).
You are way off the 180k mark. Alan Webb made 250k a year for 5 years when he went pro early.
Galen Rupp is the greatest American of all time, he would not be getting paid less then the Webster.
crumpled paper wrote:
You are way off the 180k mark. Alan Webb made 250k a year for 5 years when he went pro early.
Galen Rupp is the greatest American of all time, he would not be getting paid less then the Webster.
That's arguable. You could definitely make the case that Webb is better or just as good.
Dennis Reynolds wrote:
I would guess they overpay him. How much money do you seriously think Nike brings in because Galen Rupp wears their gear?
This
There is no money in running. WHY would it benefit Nike to pay Rupp more than an upper-middle class wage? If I were sitting in marketing, and you think, "Michelle Wee....or Rupp....hmmm"...its not even a conversation.
Who cares if he won a medal? So what...lots of americans did, and rupp didn't even win gold. He is invisible. His market value is exactly f@#k.all.
If these companies do pay runners $x00k, they are morons. The incremental value of one more elite athlete in Nike kit can be offset with another elite athlete who will do it for less.
crumpled paper wrote:
You are way off the 180k mark. Alan Webb made 250k a year for 5 years when he went pro early.
Galen Rupp is the greatest American of all time, he would not be getting paid less then the Webster.
Webb was very well known in America after his HS record, that probably got him more publicity than Rupp's silver medal. He was on Letterman. He is also more outgoing and easier to market. You all have to stop thinking that just running fast gets money, it sure as heck doesn't.
yjyjdyjyd wrote:
really? Usain Bolt gets that much for doing a race that's over in the blink of an eye? Dang, lucrative.
Bolt earns 80% of all the marketing money earned by track & field athletes. He is a real quantity in marketing terms. Rupp is just another guy.
If thats the case, how much do you think Nike pay Mo Farah?
Alan Webb is now known by the people in my office of non runners after winning that medal. The tv time helped his fame because average joes know that kenyans and ethiopians dominate distance running. So for 30 min on their tv they heard about this white american chasing down and beating the best africans on their best day. Alan Webb never did this at a national championship. Galen Rupp has HS records, did have College records plus 6 NCAA titles, and made every international team since 2008. You are crazy to think Galen isn't worth the money. Soon he will have a spike named after him (aka Kennedy spikes) and he will have a clothing series named after him. He will move to the marathon and win major city Marathons and continue to become the closest thing the distance races have as a household name ten times bigger then Ryan Hall. I am not a groupy of Rupp but respect what he is doing and what he can do for distance running. Webb was emotional and fun to watch but unpredictable, ugly, and he was not good for marketing (no personality) so he at the beginning of the contract in my opinion wasn't worth 250k a year. His AR in the mile and etc made it worth the investment later in the contract. Ryan Hall has good looks, morals, and personality for marketing which is why he was used heavily for the Olympics.
crumpled paper wrote:
You are way off the 180k mark. Alan Webb made 250k a year for 5 years when he went pro early.
Galen Rupp is the greatest American of all time, he would not be getting paid less then the Webster.
please remove your rupp goggles,
thanks
Rupp...yawn. I wear Saucony now; Nike never again.
crumpled paper wrote:
Alan Webb is now known by the people in my office of non runners after winning that medal. The tv time helped his fame because average joes know that kenyans and ethiopians dominate distance running. So for 30 min on their tv they heard about this white american chasing down and beating the best africans on their best day. Alan Webb never did this at a national championship. Galen Rupp has HS records, did have College records plus 6 NCAA titles, and made every international team since 2008. You are crazy to think Galen isn't worth the money. Soon he will have a spike named after him (aka Kennedy spikes) and he will have a clothing series named after him. He will move to the marathon and win major city Marathons and continue to become the closest thing the distance races have as a household name ten times bigger then Ryan Hall. I am not a groupy of Rupp but respect what he is doing and what he can do for distance running. Webb was emotional and fun to watch but unpredictable, ugly, and he was not good for marketing (no personality) so he at the beginning of the contract in my opinion wasn't worth 250k a year. His AR in the mile and etc made it worth the investment later in the contract. Ryan Hall has good looks, morals, and personality for marketing which is why he was used heavily for the Olympics.
You seem to have no grasp of marketing or adverstising. It's not worth explaining it to you.