Such has been the explosion of cash into the Premier League over the past few years, that salaries in excess of £100,000 a week, if not exactly commonplace, are hardly unknown.
It is a far cry from the sums on offer when Giggs began his professional career at Manchester United nearly two decades ago, with many critics arguing the inflation has happened so quickly, there is now no connection at all between supporters and the men they support.
Yet Giggs, like long-time team-mate Gary Neville, does not feel the cash is excessive given the contracts being paid to televise the Premier League, which bring in well over £1.5billion.
"There is plenty of money in the game but the majority of the players deserve it," Giggs told ITV's News at Ten.
"There are a number of players that perhaps 20 years ago would not have got paid the money that they're getting now but that is the way that football is.
"The average player is getting a lot of money - if that is right, I don't know. But good luck to them - the money is in the game, why not earn it while they have got the chance?
"But twenty years ago that wouldn't have happened. Then it was probably only the top, top players, the elite players who would be earning good money."
Giggs career
It just emphasises the massive changes that have taken place during Giggs' stellar career, which has brought him 11 Premier League titles and two Champions League trophies.
"The game has gone massive," he said.
"Footballers make the front pages and the back pages - it is big news, they are like pop stars.
"A lot of things are for the good. The fitness of players is better than it has ever been. The Premier League is the best league in the world."
Giggs is also keenly aware the profile of top football players allows them to make more significant contributions to wider-scale campaigns.
That is why he has been spending time in Sierra Leone on a UNICEF project aimed at tackling the spread of HIV in the region.
And Giggs realises, compared to the struggles faced by so many children in the war-ravaged African country, week-to-week combat in the Premier League is easy.
"You see what true bravery is," he said.
"You hear all the time that a footballer is brave going into a tackle or going up for a header. That's not bravery.
"What I've seen - a 21-year-old lad who was telling me that he is positive for HIV and what he wants to do about it, that he wants to educate other people, that he wants to help stop it happening to other young men and to other young women - that is bravery."
The full interview will be broadcast on tonight's ITV News at Ten.
Do footballers deserve the money they make? Have your say.
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neal 07, south stand lower (14/10/2009 at 15:05)
Whilst the real stars deserve their cash, lesser clubs are being forced to pay seriously lesser players upwards of £40'000 a week, plus all the add ons and bonuses
Is the money being filtered back down throughout football...? NO! Just look at how many clubs are in/have been in administration!!!
I loved Utd when we were poor so the money is irrelevant to me, however I would like a freeze on my season ticket for next season Uncle Malc!!! (yeah and pigs will fly)!!!
Jordie, Manchester (14/10/2009 at 15:37)
The Admiral Mann (14/10/2009 at 15:51)
Fair play to you.
When the seagulls follow the trawler, N Ireland (14/10/2009 at 15:58)
Uwe the Goat, Brighton (14/10/2009 at 16:04)
It stands to reason that rather than paying a monthly subscription to ESPN or SKY you should just be able to buy the games you actually want to watch i.e those games featuring the team you support.
However, the agents of the top footballers will not be shy about demanding a slice of this revenue and I fear that what we will end up with is billions of people watching games online that are being played in empty stadiums.
I'm just like Stewie Griffin, Fictional Quahog, Rhode Island (14/10/2009 at 16:19)
brokeback monton (14/10/2009 at 16:29)
keithmat (14/10/2009 at 16:33)
But it will never happen as long as fans of all sports keep paying for the tickets and merchandise.
It still doesn't make it right though.
bobbydazzler (14/10/2009 at 16:55)
Dukinfield Blue, Manchester (14/10/2009 at 17:28)
Matthew Savage (14/10/2009 at 17:45)
United Manchester, Altrincham (14/10/2009 at 17:46)
sigmund fraud, strangeways (14/10/2009 at 18:35)
tim chorlton, chorlton (14/10/2009 at 19:17)
If Giggs had any brains he would keep shtum about the embarassing amounts he earns and not make
tasteless comments akin to "someones got to earn it, fair play to us" etc.
No player deserves the kind of money they get for kicking an inflated pig skin around even if they are good at it.
And it should not be at the whim of overpaid footballers whether good causes receive any cash.
What about all the City and United stars donating a months wages to build a new hospital in Manchester?
The wage bill at City alone is over ONE MILLION A DAY.That should equal at least 50 million in a month between the two clubs.
Or why doesn't Giggs make a magnificent gesture of paying for a wage freeze for one season?
kendownunder, sydney (14/10/2009 at 19:23)
manc abroad, OT (14/10/2009 at 19:29)
A few years ago players were saying they would not come to the Premiership, now the TV money is on offer they can't wait to come across. You know the stories, "I have always wanted to play for Arsenal", deal falls thru, "It has been my dream to play for United".
Too many lower league clubs are going into administration. Who will be the next Leeds ?
Happy Valley Barry, San Francisco, California (14/10/2009 at 19:40)
clubs all over the world are in dept and the future could be bleak.
Fans cannot afford game tickets, the whole thing could go bust in this
era if nothing is done to keep clubs heathly, even if it's at the expence of player salaries. Real Madrid, Chelsea, United, now City are all paying
too much for players and hurting the game at large. To me the fans are
the most important element of football, we pay for SAF, Giggs, the lights,
balls and boots. If we cannot afford it anymore, there's no football.
Get real Mr Giggs, your stance here is way off base because you live in an
ivory tower and know nothing of personal sacrifce the fans make to see games.
Up the Reds!
danny, WILMSLOW (14/10/2009 at 21:58)
The good news is United players had a good night with Berbatov getting a hatrick Nani scoring for Portugal. Foster made a great save hwever he needs to stop dithering and either go or stay and stamp his authority.
Pique scored yet again for Spain.
And Boy we could do with Beckham somebody who could pass the balls to Rooney and Berbatov,he is still a great player.
Alias Smith, over the moon (14/10/2009 at 22:31)
steve chew, usa (14/10/2009 at 22:38)
Steve, Glossop (14/10/2009 at 23:00)
Andrew Shaw (14/10/2009 at 23:25)
MyNameIsEarl, MANCHESTER (14/10/2009 at 23:46)
Si, East Manchester, Audenshaw (14/10/2009 at 23:55)
I'm just like Stewie Griffin, Fictional Quahog, Rhode Island (15/10/2009 at 00:51)
14/10/2009 at 18:35
Nah Siggy......it's V FOR VICTORY!!!!