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Believe it or not, professional athletes are actually underpaid

In June, Forbes published its annual list of the world’s highest paid athletes. Of the top 25, nine are Americans employed by teams in the NBA or NFL. At first glance, $77 million in total income for LeBron James — he of the World Champion Cleveland Cavaliers and arguably the greatest basketball player on the planet — seems like a lot of money for someone who “plays” a game for a living. But as is often the case, things are not what they appear. In reality, James and many other athletes are actually wildly underpaid — specifically when it comes to their on-field salaries.