The legacy of your work has a value harder to compare with pure money, so we should try our best to incorporate that in our professional decision making.
I’m not a professional athlete. That may surprise many of you.
Still, without any real awareness of the experience, I find myself scratching my head whenever a big name, well-paid professional athlete chooses more money over legacy. In most cases, it seems ill-advised.
I understand that with injuries threatening livelihood, athletes are smartly coached to get what upfront money they can as soon as they can. And I understand that there is often a mind-boggling amount of money on the table, but they seem to be facing on only one axis of success.
When Albert Pujols signed a quarter of a billion dollar, 10-year contract with the major market Los Angeles Angels, leaving the devoted St. Louis Cardinals after 11 seasons, I wasn’t surprised. (In fact, the Pujols’s wife seems more surprised, saying they had never wanted to leave St. Louis but the club wouldn’t offer a long enough, guaranteed deal.)
But if the celebrated and beloved Pujols becomes a target for boos and taunts, he’ll have to assess how much money an attack to his legacy is worth.
Continue reading Balancing legacy and money in professional sports has lessons for the rest of us