What potential economic problem can arise with a guaranteed payment contract for professional athletes that is not related to performance?

Please provide the best answer for the statement.

The problem is one of a moral hazard. If the athletes have a guaranteed payment contract unrelated to their performance, then they get paid no matter how they well or poorly they perform. The guarantee may reduce the incentive to perform well in competition. In many cases, contracts for professional athletes include clauses that offer bonuses for achieving high standards of performance, thus helping to counter the moral hazard problem with a guaranteed payment that is not based on performance.