Prizes have always been a part of contests, a tradition that can be traced back for centuries. In Homer's the Iliad, Achilles hosts a contest in honor of the fallen Patroclus, "The first prize he offered was for the Chariot races -- a woman skilled in all the useful arts, and a three legged cauldron that had ears for handles, and would hold twenty two measures. This was for the man who came first," (Iliad).
Modern day athletes continue to receive prizes for their successes. They receive monetary compensation through endorsements and contracts for their participation in professional programs. The compensation is much more than a useful woman and a cauldron in recent times. The 2006 Top National Football League salaries reached insane heights. According to USAToday.com, Richard Seymour from the NFL Patriots earned a whopping $24,691,160. Another New England Patriot who is a household name thanks to his quarter back position and all his endorsement deals over the years earned $16,004,840 in 2006.
One would think to believe that modern day prizes have become much more formalized and structured. Athletic programs such as the NBA have structured pay-scale caps for their players and coaches. He NFL also adheres to a strict pay structure. However, "In the Hellenistic period and the Roman periods, pensions for Athletes became more formalized and could actually bought or sold," ("The Real Story of the Olympic Games"). So it seems that even if the currency of the payment has changed, the style and format of compensation has remained very...
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