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[QUOTE="Roger G, post: 2779628, member: 7083"]
The author's point is that no matter how much or how little the WNBA is subsidized, if it is subsidized at all, from the perspective of economics, the players are overpaid--provided the W does not keep all the subsidy and shares it with its players, which it is fair to assume.  Value, in a pure market system, is determined by how much things are valued in the marketplace.  Such value is highly democratic as all the potential buyers of a good, in this case sports entertainment, essentially vote with their dollars.  When someone's pay is subsidized, a group smaller than the total market, in this case the NBA, sets the wage instead of the market as a whole.  In this way, the wage is inflated from what it would otherwise be.  From the perspective of an Austrian economist, this would be seen as a distortion of the market.  And by the way, the less distortions in the market, the more efficient is the market which provides producers with appropriate incentives to bring to market goods and services in kinds and at levels that consumers want.
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