I've seen that
The logic behind it is that so very few people can actually do what they do, which 'justifies' paying them outrageous salaries
Hence why professors, engineers, doctors, whatever will NEVER make big money on that scale, because there's too damn many of them floating around
Whether that makes it right that some people can live with ridiculous, staggering payouts while others fumble through trash cans...well that's another story for another time (and another plane of existence)
But yet....they get tax breaks and subsidies ....most pro leagues are or were just recently nonprofit