USA Today - Marshall made $1.482 Million

[shockmonster]

You need a lesson on free market economics.

If Eagle is saying that in his opinion, no one is worth millions of dollars a year, PERIOD, then free economics may still be at work.

[Aargh]

With the pleasant winter and the recent moisture we've had lately, the pastures are looking inviting...just saying.

But the cow patties aren't drying out near as fast this year.

[Rlh04d]

If Eagle is saying that in his opinion, no one is worth millions of dollars a year, PERIOD, then free economics may still be at work.

Anyone is welcome to their opinion. Anyone is also welcome to be wrong :) If he was the AD for a college, or anyone in a position of hiring someone that the market sets at over a million, he might be able to affect the market. As he's almost certainly not, he gets no say in it.

The economics on the situation are pretty simple. In a free market, the price of commodities and the salaries of people are what they're worth. No one would pay someone millions if their employers didn't think they were worth it. No one would buy an object that was priced beyond what it was worth. If the people weren't being paid and the objects weren't being bought, their price would naturally fall.

I can sell rocks for $50 apiece, and if people are willing to pay that ... those rocks are worth $50 apiece. The free market has determined their value. Doesn't matter if you can go out in your yard and pick up a hundred of them. Just means you'd better pick those up and sell them before the market reevaluates their value.

There's always the opportunity for unnatural bubbles to pop up, but that's not the case here. As long as the revenue from college sports is so high, the rewards for succeeding are high, and the compensation for the people who can create that success are high. Everything lines up very clearly.

Just because YOU aren't worth millions doesn't mean others aren't. I'm not either ... but I also can't coach basketball above the peewee level.

[pinstripers]

The idea is that at some point, the basketball program does not work with a big coaches payroll. Dunno where that number is, but if 2 million is not to much, then how about 3, or 7? Everybody is gonna draw the line in a different place, but with TV revenues and 20,000 seat arenas, paying market price simply is not always an option.

[1972Shocker]

I can sell rocks for $50 apiece, and if people are willing to pay that ... those rocks are worth $50 apiece.

You didn't originate the Pet Rock idea did you? Wished I had thought of that one.

[Rlh04d]

The idea is that at some point, the basketball program does not work with a big coaches payroll. Dunno where that number is, but if 2 million is not to much, then how about 3, or 7? Everybody is gonna draw the line in a different place, but with TV revenues and 20,000 seat arenas, paying market price simply is not always an option.

None of us know the financial situation of the school. Obviously there is a tipping point where the extra revenue generated by a big name coach is no longer enough to keep increasing his contract. I have no idea where that tipping point is, and neither do you. That's the AD's job to decide.

Obviously that tipping point is not $1.482M, though.

[Rlh04d]

You didn't originate the Pet Rock idea did you? Wished I had thought of that one.

Hah, that's what I was thinking of :)

Hey, it's a brilliant idea. That's how a lot of people make money. Come up with something stupid and cheap and trick people into thinking they actually want it. And then run laughing to the bank before they realize what they just bought.

Marketing and presentation can convince people they must have something they'd never even heard of a week before. Even if that presentation is just $.05 googly eyes on a rock.

[SHOCKvalue]

You didn't originate the Pet Rock idea did you? Wished I had thought of that one.

Try widgets. That's a new one too.

[EAGLE]

I'mnot talking just about coaches or AD's. I'm talking about anybody. CEO's of big companys are not worth millions of dollars a year salories and many millions of dollars worth of bonoses every year, period. There is noway you can justify that. I'm 72 years old and I have lived the life and survived and I didn't need a million dollars to do it. Now i'm on S.S income and a retirement check and can hardly afford to buy gasoline,am I bitter? Not really. I couldn't spend a million dollars a year if I had it. If you can you're spending money on stuff you don't really need. I could go on and on but I wont,because people who think they are worth that are just plain greedy.

[shockmonster]

Anyone is welcome to their opinion. Anyone is also welcome to be wrong :) If he was the AD for a college, or anyone in a position of hiring someone that the market sets at over a million, he might be able to affect the market. As he's almost certainly not, he gets no say in it.

The economics on the situation are pretty simple. In a free market, the price of commodities and the salaries of people are what they're worth. No one would pay someone millions if their employers didn't think they were worth it. No one would buy an object that was priced beyond what it was worth. If the people weren't being paid and the objects weren't being bought, their price would naturally fall.

I can sell rocks for $50 apiece, and if people are willing to pay that ... those rocks are worth $50 apiece. The free market has determined their value. Doesn't matter if you can go out in your yard and pick up a hundred of them. Just means you'd better pick those up and sell them before the market reevaluates their value.

There's always the opportunity for unnatural bubbles to pop up, but that's not the case here. As long as the revenue from college sports is so high, the rewards for succeeding are high, and the compensation for the people who can create that success are high. Everything lines up very clearly.

Just because YOU aren't worth millions doesn't mean others aren't. I'm not either ... but I also can't coach basketball above the peewee level.

Just think logically out of your little box for a minute. Market values may show that someone is worth that much. However, that doesn't change Eagle's opinion that no one is worth that much.

[DwShock]

Anyone is welcome to their opinion. Anyone is also welcome to be wrong :) If he was the AD for a college, or anyone in a position of hiring someone that the market sets at over a million, he might be able to affect the market. As he's almost certainly not, he gets no say in it.

The economics on the situation are pretty simple. In a free market, the price of commodities and the salaries of people are what they're worth. No one would pay someone millions if their employers didn't think they were worth it. No one would buy an object that was priced beyond what it was worth. If the people weren't being paid and the objects weren't being bought, their price would naturally fall.

I can sell rocks for $50 apiece, and if people are willing to pay that ... those rocks are worth $50 apiece. The free market has determined their value. Doesn't matter if you can go out in your yard and pick up a hundred of them. Just means you'd better pick those up and sell them before the market reevaluates their value.

There's always the opportunity for unnatural bubbles to pop up, but that's not the case here. As long as the revenue from college sports is so high, the rewards for succeeding are high, and the compensation for the people who can create that success are high. Everything lines up very clearly.

Just because YOU aren't worth millions doesn't mean others aren't. I'm not either ... but I also can't coach basketball above the peewee level.

Wow basic economics. How simple could that be. Thanks

[ShockerPrez]

I'mnot talking just about coaches or AD's. I'm talking about anybody. CEO's of big companys are not worth millions of dollars a year salories and many millions of dollars worth of bonoses every year, period. There is noway you can justify that. I'm 72 years old and I have lived the life and survived and I didn't need a million dollars to do it. Now i'm on S.S income and a retirement check and can hardly afford to buy gasoline,am I bitter? Not really. I couldn't spend a million dollars a year if I had it. If you can you're spending money on stuff you don't really need. I could go on and on but I wont,because people who think they are worth that are just plain greedy.

What should coaches make? What is the dollar amount at which no one should make more than?

Just curious.

[pinstripers]

At some point, it makes more since to let a coach take his 26 wins and his 3 million dollar salary to another institution, and replace him with a young, eager, up-and-comer who will win 22 games and due it for 500k. The baseball program is one example.

[kcshocker11]

All this will be mute point when the Zombie Apocalypse occurs

THis should help:nightmare:

[DUShock]

If Eagle is saying that in his opinion, no one is worth millions of dollars a year, PERIOD, then free economics may still be at work.

:good: