Replace the words Smith Barney with Golfers & Tennis Players...
https://www.youtube.com/watch?v=aMPu99_Xvjw
They do not belong to a Team. I take that back...they do belong to a Team. But the team they belong to is owned by the golfer or the tennis player. The Professional Golfer or Tennis player is the Franchise. He/She is not a billionaire investor with Partners. They do not own or negotiate w/ the City Council or the State Legislators for a new Stadium, they do not have TV deals. They do not share Profits with other Teams. They do not have Collective Bargaining Agreements.
No "Owner" pays them 1 to 30 million dollars per year.
From what they earn in Prize money & Endorsement Deals they have to pay their Team.
The Good ones make a good living...The Great ones make a whole lot of money.
The ones that excell in obscure Sports don't do too poorly either:
http://www.totalprosports.com/2011/10/14/13-top-salaries-from-obscure-pro-sports/
How much do Golfers & Tennis Players earn in a year?
The PGA:
http://www.espn.com/golf/moneylist
The LPGA:
http://www.golftoday.co.uk/tours/rankings/lpgamoney.html
The Mens Tennis Tour: I'm thinking that means an Association of Tennis Players...
https://nytimes.stats.com/tennis/rankings.asp?tour=ATP&rank=3
And finally we present the Big money winners on the Ladies tennis Tour...
and of course you do know that Serena has not been around for most of this season. For obvious reasons...
Which gave a lot of the women an opportunity to Cash in on some
Big Bucks this Tennis Season!
They call it the WTA I think...
Ooops! I look at the standings & I see that Serena did manage to earn Two plus million this year
before she took a Time Out...
Golf or Tennis is where you should steer your kids.
What's the down side?
If the kid ends up a Doctor, Lawyer, Scientist, Race car driver, College professor,
Insurance salesman, Soldier, Politician, Astronaut, Garbage collector, Sales clerk,
Teacher, Nun or whatever...
At least they will be pretty good at Golf or Tennis!
And will probably get invited places...