Re: Sumo Association News Release - November 16, 2003

>In their Directors meeting held on November 16, the
>Kyokai decided to keep their payroll in check by not
>increasing the base pay of their rikishis and oyakata
>for the third year in a row. 
>
>Three years ago, the base pay went up for 3% to make
>the Yokozuna salary to 2.82 Million Yen per month,
>Hiramaku to 1.309 Million Yen.

At the current exchange rate of about US$1 = 100 Yen, 
2.82 M Yen / month = about US$ 28,200 / month = 
about US$ 338,000 / year.  I think that's about the salary
of a "middle" tier US football player or low end major league
baseball player. 

What are taxes like in Japan?  What is yokozuna take home
pay or disposable income from that $338,000?  What is the 
value of standard perks (endorsements, free stuff (cars, 
clothes, etc.)?  

I gather from the posts about Akebono that there are wealthy 
supporters that supplement the income of some rikishi.  What 
do the supporters get out of it, a tax write off?  (Note: I saw 
Itami's movies "A Taxing Woman" and "A Taxing Woman Returns", 
so I know you've got taxes over there.)

>Director ranked Toshiyoris earn 1.448 Million Yen. 

What are Toshiyoris? Director-ranked versus non-ranked?

>Revenue from operations in 2002 was 10.75 Billion Yen,

10.75 B Yen = about US$ 108 million.  American Major
League Baseball is around US$ 3.3 billion in total revenue.
The NY Yankees have total revenues of about US$ 300-450 
million, I think (tickets, TV, licensing, ...).

>reduced by 1.6 Billion Yen compared to the previous
>year, fourth successive year their revenue has gone
>done.
>
>"The salary freeze is a reflection of the current
>economic conditions and reality," Takasago oyakata,
>Kyokai's PR Director, said.


 



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