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Top athletes are grossly underpaid. Basketball straight up truncates them. Giannis would make at least double on the open market. Football, the best players make the same as second and third tier players at their position, entirely dependent on when they hit FA.
Yeah…I’m not sure what sports we're talking here. I don’t want to assume an American perspective, so I genuinely don’t know when it comes to soccer, cricket, rugby, etc.
But here Stateside, the best players are often not the most highly paid. Patrick Mahomes - and I understand people can disagree - is not the most highly paid QB. Not for a while. Prior to this season, Travis Kelce had been the top TE in the NFL for a number of years, but his contract hadn’t reflected it for some time.
Even without the salary cap, in a sport like Major League Baseball, one could argue a player like Shohei Otahni is still not being paid what he’s actually worth, despite his record breaking contract. He’s a Hall of Fame pitcher and hitter in one player. The contracts for each of those individually is worth more than what he got.