Perceptions of teammates and training load have been shown to influence athletes’ physical and psychological health; however, limited research has investigated these factors in relation to burnout. Athletes (N = 140) from a variety of competitive team sports, ranging in level from regional to professional, completed questionnaires measuring individual burnout, perceptions of teammates’ burnout, and training hours per week on two occasions separated by three months. After controlling for burnout at time one, training hours were associated with athletes’ burnout and perceptions of teammates’ burnout at time two. Multilevel modeling indicated actual team burnout (i.e., the average burnout score of the individual athletes in a team) and perceived team burnout were associated with individual’s own burnout. The findings highlight that burnout is dynamic and relates to physiological stressors associated with training and psychological perceptions of teammates’ burnout. Future research directions exploring potential social influences on athlete burnout are presented.