We are largely to blame for the lack of money in the sport. I have to ask Ben Bruce... what do you do for Nike that they should pay you more? What is your value proposition? Are you headlining their commercials? Do you have a shoe named after you that kids are buying because of you? Do you sell apparel? If your value to your employer is nothing other then to run fast in obscure meets like USATFs, Stanford, etc, then how does what you do even pay for what you currently get?
There are 2 issues to discuss here. One is Endorsements and the other is Salary and Bonus.
Endorsements:
I would think there would be some smart athletes out there trying to build a tracking system of what they bring in for their sponsors. If you can say, "I'll bring in an additional 10mm in sales, and I want 10% of that" bam... you have your mil dollar endorsement.
Who here has gone to Dunkin Donuts and said, "pay me to run... to be in your commercials... to send the message that you can eat donuts and drink coffee and still be fit". Hello! American Runs on Dunkin? If a smart, motivated runner can't capitalize on that brand, then that is just sad.
Same with Subway. What a perfect corporation to try and get as a sponsor.
Ryan Hall has an endorsement deal with Vizio and Saturn... I can't believe he is a smarter businessman, in all his flightiness, then the rest of our elites. But apparently he is.
Salary and Bonus:
Who pays MLB, NBA, NFL players? The owners of the team. How can an owner afford to pay millions? Because the team is self funding and is a business/investment in and of itself. Why is the team self funding? Because they sell out games, merchandise, etc.
At the end of the day, our elites bring in very little money. How many people show up at the New Balance meets in Boston? At the Midwest meets that they have? Other then the athletes, what is the attendance like?
What is the attendance for a Mets game? 20,000 is a POOR attendance.
What are merchandise sales like? Can I even buy a Meb Jesey? Can I buy a Nick Symmonds Jersey? Would I want to? (Answer is no to both).
However, I would buy a David Wright or Johan Santana Jersey.
Bottom line, let's say Woody Johnson (owner of the Jets for those who don't know) had a momentary lapse of judgement and went 20 solid track and field athletes (the Ben Bruce's of the world) and said, "I will supply you a coach, training facility, medics, insurance, etc and I will pay you 250-500k annually with incentives".
Ok... now... how would Woody Johnson not only break even on that investment, but make money on it? What is the business model? Put on meets that no one goes to? Sell merchandise that no-one buys?
I think this second point is a very important one when people try and compare our sport to MLB and NFL. The players in those sports are paid by the owners, not by sponsors. Sponsors are a different revenue stream for the athletes.
The owners pay the players so they can make money off them... or at least break-even and enjoy being able to say they are an owner.
Who is going to be an owner of a track team? If I "bought" the Oregon Project, provided everyone with fat salaries and bonus structures, how would I recoup my investment?