K-League player salaries

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K-League player salaries

Postby Holyjoe » Thu Apr 11, 2013 6:16 pm

A whole host of interesting articles have been published today with financial figures for the K1 and K2 clubs primarily focusing on the salaries paid to players. It would appear to be domestic players only as foreign imports are not included. This first graphic contains the whole lot of information, although annoyingly it's at a small resolution so a bit hard to read:

Image

This second one is a lot more clear cut - it lists squad sizes, total wage bill and average player salary for all clubs in the two divisions excluding Sangju and the coppers. Figures are in multiples of 천원 so add three zeroes to get full figures to work with.

Image

Suwon unsurprisingly top out the list with an average salary of W292,498,000 ($260k), Daejeon have the lowest in K1 at W65,719,000 ($58k). That's clearly driven down by the dozens of youth players they have cluttering up the squad, there's a fair gap between Gangwon & Daejeon and Gyeongnam but then squad sizes are considerably different. Have to say I'm quite surprised Suwon are paying so much more than any other club, particularly as their wage bill is around 60% higher than FC Seoul's.

I like how Seongnam have the 6th highest wage bill and the 5th highest average wage yet they're sitting bottom of the pile :)

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Re: 2013 K-League salaries

Postby Pikey » Thu Apr 11, 2013 6:25 pm

I wonder which players are included in the figures. Suwon for example have 3 or 4 recent national team players out doing service, would their wages be included too? Am also surprised at Seoul's relatively low budget, though i'd imagines the waeguks would be on a healthy wage
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Re: 2013 K-League salaries

Postby Holyjoe » Thu Apr 11, 2013 6:46 pm

That first image was published by the K-League on their official website, it's in a news article here. The first big column is the total salary paid out to players, ie the figures in the second graphic in the first post, but that's an estimate based on additional factors such as win bonuses and appearance fees. The K-League have full details of what those base figures are though so can make relatively accurate projections based on past performance. The second column is basic salary, the third is win bonuses, the fourth is appearance fees and the last is additional incentives (briefcases, room salons, bottles of cognac?).

Looking at basic salary then Jeonbuk have a higher wage bill than Suwon, and the high overall wage bills of those two clubs are made up primarily of win bonuses and, for Suwon, other incentives. What the K-League appears to have done is averaged out the total wins for each club over the past three seasons and used that figure to multiply all the contractual win bonuses to get a projected figure for the current season (column 3). Suwon are looking at paying out roughly W5m per player per win, of course if they don't win another game for the rest of the season that total win bonus column would reduce quite considerably as would the overall salary.

Not every club offers appearance fees, however only Ulsan and FC Seoul pay more per appearance than Goyang. No win bonus at Goyang though, I guess it's the taking part that counts.

Oh and all of the players on loan at Sangmu and the National Police are excluded from their parent club totals also.

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Re: 2013 K-League salaries

Postby eujin » Thu Apr 11, 2013 7:08 pm

Not a bad gig being a footballer in Korea if you can get close to the average. It certainly beats being a scientist, where even a contracted professor can expect to get around 25,000 in our units, which is less than bottom placed Chungju.

http://bnc.krf.or.kr/home/eng/bk21/overview_1.jsp

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Re: 2013 K-League salaries

Postby SaintsCanada » Thu Apr 11, 2013 8:12 pm

eujin wrote:Not a bad gig being a footballer in Korea if you can get close to the average. It certainly beats being a scientist, where even a contracted professor can expect to get around 25,000 in our units, which is less than bottom placed Chungju.

http://bnc.krf.or.kr/home/eng/bk21/overview_1.jsp

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I'm not sure if you were being sarcastic, but that's actually VERY good advice for Korea, in my opinion.
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Re: 2013 K-League salaries

Postby eujin » Thu Apr 11, 2013 9:43 pm

SaintsCanada wrote:I'm not sure if you were being sarcastic, but that's actually VERY good advice for Korea, in my opinion.

I'm not even sure if I'm being sarcastic sometimes.

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Re: 2013 K-League salaries

Postby Suwonesque » Thu Apr 11, 2013 11:55 pm

The reason Suwon pay highest average pay is because of the number of Korea Internationals in the squad. The last 2-3 season Suwon bought a lot of players like Jung Sung-ryeong, Oh Jang-geun, Lee Yong-rae, Yeom Ki-hun, Kim Do-deon, Seo Jung-jin, Oh Beom Seok, Yeom Ki-hun and others and not many youth team players.

But still, Samsung is the biggest company in Korea, so they can pay the highest wage anytime.
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Re: 2013 K-League salaries

Postby Suwonesque » Thu Apr 11, 2013 11:58 pm

eujin wrote:Not a bad gig being a footballer in Korea if you can get close to the average. It certainly beats being a scientist, where even a contracted professor can expect to get around 25,000 in our units, which is less than bottom placed Chungju.
.

That is ì—°ë´‰, which is annual income. 25,000 for annual income is less than the normal workers. No way that a contracted professor to earn less than 25,000 per annum. They earn at least 10,000$ per month.
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Re: 2013 K-League salaries

Postby eujin » Fri Apr 12, 2013 12:55 am

Suwonesque wrote:
eujin wrote:Not a bad gig being a footballer in Korea if you can get close to the average. It certainly beats being a scientist, where even a contracted professor can expect to get around 25,000 in our units, which is less than bottom placed Chungju.
.

That is ì—°ë´‰, which is annual income. 25,000 for annual income is less than the normal workers. No way that a contracted professor to earn less than 25,000 per annum. They earn at least 10,000$ per month.

Did you even check the link, which I deliberately went to the effort of including just in case anyone didn't believe me? Here it is again http://bnc.krf.or.kr/home/eng/bk21/overview_1.jsp

If you're with BK21, which people from 568 centers in 74 universities across the country are, you can expect 2.5million won per month as a contract professor. Assuming there are 12 months in a year, that's 30 million a year, which is very roughly $26,629.929, using today's rate (1,126.55).

The graduate students, that is the ones in their mid-twenties, around the same age as the footballers, make considerably less than this. Now you'll definitely find some university professors who make more than this BK21 rate, just as you'll find some footballers in Korea who make more than the average at Chungju, but I doubt there are many professors in the country making as much as Lee Yong-rae even, apart from maybe this guy, but then Lee Yong-rae didn't place very highly on world player of the year last time I checked.

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Re: 2013 K-League salaries

Postby SteveW » Fri Apr 12, 2013 3:32 pm

eujin wrote:
Suwonesque wrote:
eujin wrote:Not a bad gig being a footballer in Korea if you can get close to the average. It certainly beats being a scientist, where even a contracted professor can expect to get around 25,000 in our units, which is less than bottom placed Chungju.
.

That is ì—°ë´‰, which is annual income. 25,000 for annual income is less than the normal workers. No way that a contracted professor to earn less than 25,000 per annum. They earn at least 10,000$ per month.

Did you even check the link, which I deliberately went to the effort of including just in case anyone didn't believe me? Here it is again http://bnc.krf.or.kr/home/eng/bk21/overview_1.jsp

If you're with BK21, which people from 568 centers in 74 universities across the country are, you can expect 2.5million won per month as a contract professor. Assuming there are 12 months in a year, that's 30 million a year, which is very roughly $26,629.929, using today's rate (1,126.55).

The graduate students, that is the ones in their mid-twenties, around the same age as the footballers, make considerably less than this. Now you'll definitely find some university professors who make more than this BK21 rate, just as you'll find some footballers in Korea who make more than the average at Chungju, but I doubt there are many professors in the country making as much as Lee Yong-rae even, apart from maybe this guy, but then Lee Yong-rae didn't place very highly on world player of the year last time I checked.


I don't know what BK21 is but reading that link it looks more like a research stipend than a salary. Isn't that money in addition to their annual salary as a professor for undertaking research?

I worked at a Uni in Daejeon and I can assure you that the staff Korean and Foreign made significantly more than 25k a year.
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Re: 2013 K-League salaries

Postby Evergreen » Fri Apr 12, 2013 3:55 pm

We should of course also consider the fact that a professor can work many years after a football player has retired.
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Re: 2013 K-League salaries

Postby eujin » Fri Apr 12, 2013 7:18 pm

Yes, BK21 is a research stipend for scientists. It pays for you to do scientific research, not teach. As far as I know it's not a top up on top of teaching. I knew a guy who was on one at SNU in Seoul and he didn't do any teaching

Since SteveW mentioned universities in Daejeon. here's another way to look at it.

KAIST in Daejeon is one of the highest ranked universities in Korea, something like the Suwon or FC Seoul. They are trying to recruit overseas professors, for which they are offering somewhere between USD60,000-80,000 depending on how good you are and experience etc etc. So that's about the same as you could expect playing for Daejeon Citizen, not as much as playing for Incheon United.

But wait a minute, KAIST is ranked by the Times Higher Educational supplement somewhere in the top 70 of worldwide universities, with an ambition to go yet higher (they're trying to do an academic Evergrander). Daejeon Citizen are ranked 1224th in the world, Incheon United are 643rd, possibly with an ambition to go higher, but what are they really doing about it? Is that what got Karel de Smet over from Antwerp, the aim of being in the world's top ten? And aren't Daejeon and Incheon publicly funded, just like KAIST? Gyeongnam are constantly on the verge of bankruptcy, maybe part of their problem is they're trying to pay the players as much as KAIST pays its professors, instead of what KAIST pays its graduate students.

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Re: 2013 K-League salaries

Postby Suwonesque » Fri Apr 12, 2013 11:20 pm

BK 21(Bring Korea 21 century) is research scholarship for graduates and post-docs, and I was also getting it when I was in Daejeon.
2,000,000 won per month for your studies was huge amount that time, because we can study and follow our career. For us, the main thing was not about money, but the 'credit', the degree we earn, because we have a career after that.

For 2,000,000 won is very less for a professional footballer, they only have 10 years career. 25,000,000 per annum is as much as a PhD student earns. :( That money doesn't even cover their daily expenses, not to mention about saving. Young Koreans think twice before signing a contract for 25,000$per year. Why a professional footballer when you can earn money at construction side?
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Re: 2013 K-League salaries

Postby Alex43 » Sat Apr 13, 2013 12:58 am

Suwonesque wrote:The reason Suwon pay highest average pay is because of the number of Korea Internationals in the squad. The last 2-3 season Suwon bought a lot of players like Jung Sung-ryeong, Oh Jang-geun, Lee Yong-rae, Yeom Ki-hun, Kim Do-deon, Seo Jung-jin, Oh Beom Seok, Yeom Ki-hun and others and not many youth team players.

But still, Samsung is the biggest company in Korea, so they can pay the highest wage anytime.


hadn't seen him on the national squad in a while... since about that time Jeonbuk won the 2011 league title... and, well....
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Re: 2013 K-League salaries

Postby SaintsCanada » Sat Apr 13, 2013 1:17 am

Evergreen wrote:We should of course also consider the fact that a professor can work many years after a football player has retired.


And besides, who wants to take a bus for 6 hours to get drunk while paying to watch some person perform research?
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