Pay varies widely with the sport and the player's skill. The average income for major league baseball players is around $1,000,000 per year. However, very few players make it into the major leagues. Many spend their careers in the minor leagues, where they earn $2,500 to $5,000 per season.

In some sports, such as rodeo or golf, athletes earn money only if they place high in the final standings. In other sports, such as baseball and basketball, all players receive a salary. Successful athletes may earn additional income by endorsing clothing or equipment for manufacturers.

Many professional players spend many years playing as amateurs or in the lower levels of professional sports. They earn little or no income at this level. These athletes often work at other jobs during the off-season.

Very few professional athletes receive benefits. Those who participate in team sports may receive medical care. Most professional athletes must provide their own insurance and retirement plan.