California proposing amendment to limit coach salaries

[HFCS]

This most likely a 2017 stat which is benefiting from the stock market gains and a new CA tax increase. CA has one of the most volatile economies in the US and has long been in the red. The fact that CA leads the nation in the poverty rate is a real concern if the market doesn't remain strong.

You’re consuming some false info. CA has the strongest economy in the US and is nowhere near the worst in terms of debt to GDP.

FWIW I think the proposed law is dumb and will go nowhere, but it’s important for all of us to point out false propaganda when we see it. If you want to describe 70% of US states as ‘broke’ that would make sense in better context. To single out CA is a common but very false narrative.

 

[usedcarguy]

I have to bring some rational facts into the typical CA bashing here:

CA ranks 24th in state debt as % of GDP (15%). Perhaps you meant to say that at least half of all states are "broke"?

Self and Calapari should be the #1 targets here with this line of thought. Not Cal and UCLA coaches.

Coach Cal is raking in millions and his state is 4th in terms of debt they can't carry at 22%.

Coach Self is raking in millions and his state has the #1 most debt as a percentage of GDP in the country at 25%

Frank Martin in South Carolina is sitting strong in a state with the #2 most debt.

There's one not so little flaw in your "analysis." Unfunded future pension liabilities are not carried on the books as required in the private sector....meaning your debt analysis is meaningless.

But, if you're going to make an analysis based on state debt to GDP, you should also look at taxation. California is one of the highest tax jurisdictions in the country. A place like Kansas can raise taxes and solve their problem pretty quickly...and still have a net effective rate significantly lower than that of California.

 

[drmwevr08]

Yeah, CA legislators tend to propose a lot of stupid things.

All state legislatures propose stupid things. Some pass. I doubt this will be one. Itd be like 100k in Iowa which would be as silly as the big salaries are now.

 

[usedcarguy]

I hope this passes. It would be good for some of those leftist educators to see capitalism in action along with how successful sports teams affect enrollment and thus revenue into the big pot from which they're paid. I'm sure in their own minds they believe they're saving the universities money. LOL

 

[HFCS]

There's one not so little flaw in your "analysis." Unfunded future pension liabilities are not carried on the books as required in the private sector....meaning your debt analysis is meaningless.

But, if you're going to make an analysis based on state debt to GDP, you should also look at taxation. California is one of the highest tax jurisdictions in the country. A place like Kansas can raise taxes and solve their problem pretty quickly...and still have a net effective rate significantly lower than that of California.

You’d make more sense going with what I said where about 70% of States are In some trouble. CA has some unique problems but also unique advantages you’re ignoring. This idea of singling out California is as idiotic as critiquing LeBron James as the source of the Cavs problems. It’s the sign of someone following a spoon fed narrative.

 

[Gorm]

LOL Goodbye Pac-12.

 

[ImJustKCClone]

It wouldn’t.

Just pointing out that if CA is ‘broke’, at least half of all states are “broke”. Kansas and Kentucky being in dramatically worse shape than CA.

It’s just the truth.

Meh. You are too focused on protecting CA. Whether or not the economy is strong, it's fairly obvious to anyone with a brain that a salary of $200K won't pay the mortgage at or near the four Pac12 schools. Some of the smaller schools in the UC & Cal State systems might be able to attract coaches for that amount, but definitely not UCLA or Cal Berkeley.
Unless the law is national, and is pro-rated by COL, it will not end well. The California legislature is tilting at windmills.

 

[HFCS]

Meh. You are too focused on protecting CA. Whether or not the economy is strong, it's fairly obvious to anyone with a brain that a salary of $200K won't pay the mortgage at or near the four Pac12 schools. Some of the smaller schools in the UC & Cal State systems might be able to attract coaches for that amount, but definitely not UCLA or Cal Berkeley.
Unless the law is national, and is pro-rated by COL, it will not end well. The California legislature is tilting at windmills.

I said the law is dumb and won’t go anywhere. Just like Iowa and every state has dumb laws proposed that go nowhere.

Separately I’m pointing out how many are brainwashed into thinking CA is on the verge of economic collapse when in truth its economy carries the nation for the “takers” to use Paul Ryan’s language.

 

[ImJustKCClone]

I said the law is dumb and won’t go anywhere. Just like Iowa and every state has dumb laws proposed that go nowhere.

Separately I’m pointing out how many are brainwashed into thinking CA is on the verge of economic collapse when in truth its economy carries the nation for the “takers” to use Paul Ryan’s language.

Yeah, I realize that. It's a thread derail.

 

[browns4cy]

I think there should be a more realistic cap on coaches salaries paid by the state. Then they have to make up the rest out of athletic budget. Maybe like a total of 2 million for all coaches salaries or some real formulation that makes sense. It would change the landscape of college sports but 200k is ridiculous this day in age. I could see 200k in the early 90s maybe

 

[CycloneErik]

I think there should be a more realistic cap on coaches salaries paid by the state. Then they have to make up the rest out of athletic budget. Maybe like a total of 2 million for all coaches salaries or some real formulation that makes sense. It would change the landscape of college sports but 200k is ridiculous this day in age. I could see 200k in the early 90s maybe

There will be some kind of realistic limitation when the TV bubble bursts. This current model can't be sustainable forever.

 

[CyCrazy]

Too little and way too late. Nice sentiment but a futile empty gesture at his point. Our country is built today on greed and inequity.

It has been this way since 1776

 

[Cyched]

Hooray, political discussion

 

[brianhos]

Unless all states do that, USC will fall off the map.

 

[Cyched]

Unless all states do that, USC will fall off the map.

Why? USC is private - they could still pay their coaches whatever they please. Just means less competition from UCLA.

 

[usedcarguy]

You’d make more sense going with what I said where about 70% of States are In some trouble. CA has some unique problems but also unique advantages you’re ignoring. This idea of singling out California is as idiotic as critiquing LeBron James as the source of the Cavs problems. It’s the sign of someone following a spoon fed narrative.

"A spoon fed narrative?" What I see here is someone who feels personally attacked when others illustrate the idiocy occurring in a hot bed of liberalism.

My only point in replying to you was to illustrate that if you selectively apply metrics, you can tell any story you want. As another poster pointed out, you skipped right over their poverty rate. Why is that? Since when have liberals been concerned about debt to GDP? I haven't heard GDP argued in a decade.

The health of Kansas, like Iowa, is in large part driven by the ag economy...which is in the midst of a multiyear downturn. California benefits from a diverse economy which isn't susceptible to such things....and great weather...and seems to have survived thus far despite the left continually trying to wreck it. But go ahead and cherry pick your facts

I'm going to leave now before I say anything else that ends up sending this story to the cave. You should probably do the same.

 

[Cyched]

FFS, keep the politics in the cave

 

[Shawker]

This is such a California thing to do.

 

[Cat Stevens]

It has the 5th largest economy in the world. California is doing just fine

https://www.yahoo.com/news/california-now-worlds-5th-largest-201724211.html

You and your facts when there’s a narrative that has to be forwarded.

 

[Cat Stevens]

You’d make more sense going with what I said where about 70% of States are In some trouble. CA has some unique problems but also unique advantages you’re ignoring. This idea of singling out California is as idiotic as critiquing LeBron James as the source of the Cavs problems. It’s the sign of someone following a spoon fed narrative.

Look at who you’re talking to with this.