Why the owners will win no matter what or why billions matter more than millions

[Pejorative Miscreant]

A bit rambling thread but I got on a role. I began with a point but I will leave that up to the reader

The popular tag line regarding the current lockout and work stoppage is that what we have is billionaires and millionaires arguing about money, I have an inkling that the former is for the most part true but the latter is in many, and perhaps most cases The underlying factor is that we are really looking at apples and oranges. To somewhat quote Chris Rock. We need to differentiate wealthy and rich. Owners are worth a lot of money. Players make a lot of money. See below

The owners are almost all (with the exception of Ralph Wilson who has a net worth of 909 million) billionaires. Meaning that their net WORTH is a billion dollars or more. The average net worth is around 1.5 billion but I am using the destitute one of the bunch to drive the point across.

The average NFL player has a salary of about 1.9 million dollars (average not median for the statistic guys). That said, if the player saves every penny he makes it would take the average player 478.4 years to be on par with an owner. This is somewhat problematic for the player because players only remain in the league for 3.5 years which equates to 6.65 million dollars.

If the player has saved diligently (in this case 100% of his income) he will have amassed 0.7% of the owners wealth. Furthermore, if Ralph Wilson were to invest all his money in a savings account with 3% return he would be able to 27 NFL players their salaries and still have 909 million dollars.

After all this is said, I totally agree with the player in trying to get every

penny they can get but in the end, these guys will run out of money and no matter how publicized their career is now, they will loose a lot of money if the continue down the current path.

[SCMunnerlyn1]

I agree to an extent but if someone starts teaching these players to live a modest lifestyle and not go spend happy , there is no reason why that money can't last them the rest of their lives.

[SevenSixes]

I agree to an extent but if someone starts teaching these players to live a modest lifestyle and not go spend happy , there is no reason why that money can't last them the rest of their lives.

Yea, they could sell their 3.3 million dollar homes and prove to their kids that you take care of your money. And be labeled a sellout on these boards for the trouble..

[antame]

I agree to an extent but if someone starts teaching these players to live a modest lifestyle and not go spend happy , there is no reason why that money can't last them the rest of their lives.

I don't know about that. The vast majority of players don't make "lifetime wealth" money, they just make alot of money. Add to that that the short, highly uncertain career spans of most players and I don't think it's fair to simply say "well, NFL players made more than most people for a few years, so they ought to be able to make it last forever" and leave it at that. Also, I'm pretty sure the PA does have financial counseling for these guys.

I agree with the opening post that NFL players vs owners is not a fair fight, not even close, and I don't like the strongarmed approach owners took when they opted out of the existing agreement and started all of this. They really gave the players no other choice than to go to court; the only card they had to play.

[Chimera]

Furthermore, if Ralph Wilson were to invest all his money in a savings account with 3% return he would be able to 27 NFL players their salaries and still have 909 million dollars.

Back here in the world where we don't rely on "if" statements, Ralph Wilson has a little more to worry about than paying 27 players. I'm pretty sure in reality he he pays double that number of players, plus a coaching staff, plus a world class medical staff.......

[antame]

Back here in the real world...

Poor Ralph?

[Ricky Spanish]

or the players could stop wasting money putting spinning rims on a gold jet ski.

[pantherfan49]

Back here in the world where we don't rely on "if" statements, Ralph Wilson has a little more to worry about than paying 27 players. I'm pretty sure in reality he he pays double that number of players, plus a coaching staff, plus a world class medical staff.......

Quit being reasonable.

We also shouldn't forget that the owners are wealthy because of their other business interests, not because of football.

I go back to the point I made a week or so ago.... In 2010, ownership of the Green Bay Packers made like 20 million dollars. To put that into perspective, in 2010, Julius Peppers made almost as much money as did the ownership of the Green Bay Packers.

Do any of you really think that one employee should make as much as the boss?

[bababoey]

Quit being reasonable.

We also shouldn't forget that the owners are wealthy because of their other business interests, not because of football.

I go back to the point I made a week or so ago.... In 2010, ownership of the Green Bay Packers made like 20 million dollars. To put that into perspective, in 2010, Julius Peppers made almost as much money as did the ownership of the Green Bay Packers.

Do any of you really think that one employee should make as much as the boss?

Owners own NFL teams because it makes them money. They did not get to be billionairs becuase they make stupid investments. If the players get all they want and the owners stop making money, well. Let's put it this way, how many owners will stay owners in the NFL if they are not making money anymore.

I know alot of them love the game, but these guys are businessmen first. If their team does not make money what smart businessman will stay just to say they own a NFL team? Some will, the smart ones won't.

[thefuzz]

Net worth is one thing, but cash is different.

Ralph Wilson cannot go cut a check for 909M. He is worth that much but I highly doubt he is even close to being liquid with even 10% of that.

The owners will win, and they are wealthy, but they don't have as much cash as many would like to believe.

[Rhys]

Back here in the world where we don't rely on "if" statements, Ralph Wilson has a little more to worry about than paying 27 players. I'm pretty sure in reality he he pays double that number of players, plus a coaching staff, plus a world class medical staff.......

You're right, in the real world Paul Allen, owner of the Seattle Seahawks, has a 414-foot yacht with two helicopters, two submarines, a swimming pool, a music studio and a basketball court. He also has two backup emergency yachts.

[pantherfan49]

You're right, in the real world Paul Allen, owner of the Seattle Seahawks, has a 414-foot yacht with two helicopters, two submarines, a swimming pool, a music studio and a basketball court. He also has two backup emergency yachts.

Most of which he made as co-founder of Microsoft and not as owner of the Seahawks or Jailblazers.

[Niner National]

Where he got it is hardly relevant.

The heart of the matter is that he has it.

It is relevant. NFL salaries should be dependent on what the owners make on their NFL franchises, not what they make through other business ventures.

[pantherfan49]

Where he got it is hardly relevant.

The heart of the matter is that he has it.

Yeah, you are right. NFL owners should operate their teams at a loss and way overpay players in the process since their other business ventures can keep the owner afloat.