The esports industry is currently experiencing an “esports winter,” resulting in top-rated organizations reducing their budgets. This has led to pay cuts for players in the popular game VALORANT. While it may be frustrating for players to see their salaries reduced, streamer Sam “s0m” Oh believes it is a necessary step given the current state of esports.
During a recent Q&A session on his Twitch stream, s0m addressed a viewer’s question about the decrease in salaries for VALORANT esports players. He explained that organizations have realized they were overpaying their players and needed to make adjustments to avoid financial difficulties.
Evil Geniuses, the winners of a prestigious VALORANT tournament with a prize pool of $2,250,000, recently presented their championship roster with the option to explore other opportunities or accept reduced pay for the upcoming VCT 2024 season. This decision sparked controversy within the community, as fans questioned why the best-performing team would face pay cuts.
However, s0m supports the decision to lower salaries, stating that it makes sense for organizations to reduce spending to prevent bankruptcy or disbandment. He believes that all organizations have come to a mutual agreement on this matter.
Earlier this year, a report indicated that multiple North American esports organizations participating in the VCT American league would be reducing player salaries and spending for the upcoming season. These measures are necessary for organizations to stay financially stable.
While it may be disheartening for players and fans to see pay cuts in the esports industry, it is a reality that organizations must face in order to ensure their long-term sustainability. Unless Riot Games, the developer of VALORANT, intervenes, reducing salaries seems to be the only viable solution for organizations to stay afloat.
By acknowledging the need for salary reductions, esports organizations can work towards creating a more sustainable and stable industry. It is a challenging time for VALORANT esports, but with careful financial planning and adjustments, the scene can continue to thrive.
Source: DOTESPORTS
