Dolphins reduce pay for Ireland and all coaches undercontract
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This is a moderated phorum for the CIVILIZED discussion of the Miami Dolphins. In this phorum, there are rules and moderators to make sure you abide by the rules. The moderators for this phorum are JC and Colonel.
Phinsfan2 Wrote:
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> I think its a PR ploy, and a smart one.
>
> They are the highest paid employees in the
> organization and they can adsorb a cut like that
> more easily than the average employee.
>
>
> too bad they had to take 2 weeks of bad press
> before they came to the conclusion that it was the
> smart thing to do.
Agreed, and I'm also glad to hear that the new guy they hired is replacing two other positions.
Still, it would have been a lot smarter of a PR move to spare the lower paid employees.
Phinfans I dont find it hard to grasp that you dont understand the finances, and innerworkings of large organizations. I dont expect you to grasp it. I forgive you for your shortcomings, it will be ok... If you do get some time to brush up on large finanacial investments, debts, audit and structures, then maybe we can have meaningful conversations, until then. It is all about, how my opinion is the wrong one, and yours is so well thought out... More like a layman trying to figure out nuclear physics and explain it.. there will be obvious shortfalls of explanation that can only be explained as bluffs, illusions, fake numbers, cooked books, PR ploys,etc.... These are the only way you explain your positions on the matter and against the owners. next thing I expect, to hear from you is that the boogie man, or chupacabra put them up to it....
What type of cap rate and value would you expect an NFL team to have, if you understood this, you would understand your arguments about cook books, doesnt make much sense... So I made the leap of faith to guess ,you understand very litle about this type of thing, either that or you are just blatantly ignoring it..
> That couldn't be more meaningless.
>
> Right now their cash flows aren't close to what
> they would be under normal operations. And it
> fails to take into account the resources they've
> put aside to ride out this negotiation.
>
> Calculating what their cash flow would need to be
> in a normal situation with a cost of a billion
> dollars is a pointless exercise. This isn't a
> NORMAL situation.
Meaningless? what? If you were the owners, looking to buy, or sell a team, or finance a stadium, or renew a large loan. This is all that matters.. It meaningless to you, becasue you don't understand what it is like or what it takes to own and operate a large business with large liabilities. That is what I am trying to explain to you?
Whether it's 10mil or 20mil or any profit at all doesn't say a thing with respect to investment. The thing is, return on investment. It's about how long the owners can hold out. It's about what the league and bottom lines will look like when it's all said and done.
None of us know that so the discussion is a waist of time. Some seem to think these owners are rolling in cash and are greedy cheap bastards. It's all speculation with no real facts.
I'm surprised I actually waisted my time with this.
If you have the amount of money a team was paid for shouldnt you be able to backward finance the books to get a good idea, what they should be cashflowing, and just give a range for the cap rate, so we could get pretty darn close... We agree on one thing for sure, the amount people paid doesnt remotely equal the cash flow of a remotely plausibe investment that could be sold for 1/3 of what they sold for...
If Huizenga sold the team with a cash flow of around 40 million for a billion plus the underlying land, we could see a cap rate around 4. WHich is about as good as it gets and a blue chip assets and then some .
If you get below 6 you own a pretty desired or blue chip investment... meaning you will except less cash flow for potential growth... The lower the cap rate the more money the owners is getting for his cashflow. Cap rates exclude all debts and liabilities, so value, is only on true cash flow above the debts..
Leon In Denver Wrote:
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> Whether it's 10mil or 20mil or any profit at all
> doesn't say a thing with respect to investment.
> The thing is, return on investment. It's about how
> long the owners can hold out. It's about what the
> league and bottom lines will look like when it's
> all said and done.
>
> None of us know that so the discussion is a waist
> of time. Some seem to think these owners are
> rolling in cash and are greedy cheap bastards.
> It's all speculation with no real facts.
>
> I'm surprised I actually waisted my time with
> this.
Return on investment is a cap rate? that is the rate at which your return is being valued at
>
> That is true in the theoretical, normal
> operational workings of the league. But as I
> said before, this is NOT a normal situation.
>
> So who is dealing with these issues at this moment
> in time? In reality, not in theory.
THe problem for the owner's is moving forward so they dont have these problems, that I believe they have. ALot of teams are dealing with this type of stuff
ireland and sporano are basically stealing from the team anyway. especially sporano, who got a contract extension and more (guaranteed) money just to soothe his hurt feelings, as fallout from the dumb-and-dumber coaching search in Jan. unlike the rank-and-file employees who got cut, I bet theirs comes with an understanding that they get all or part of the $$ back if the lockout settles by a particular date.