Manipulated Mike: 0-2 at the negotiation table.

#176
#176
Lexvol said:
Super funny and super relevant...

It is all theoretical until the papers are signed. You and I can argue until we are blue in the face, but we both know that Bruce Pearl isn't worth 3 million dollars a year.
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Can anyone look up and list the top 16 BB coaching salaries in order (I have neither the resources nor motivation)? By implied Volnation law of coaching "worth it" all 16 would need to make the sweet sixteen every year and I guess the top 4 would need to make the Final Four say 50% of the time and win it all say 25% of the time. How are they doing over the last 10 years?
 
#177
#177
Lexvol said:
Market value is not established until the papers are signed.
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So stuff that is on the market doesn't actually have a market value? Market value only applies to stuff that is no longer on the market? That seems like a perfectly sensible definition. Thank you for the insightful post.
 
#178
#178
Lexvol said:
No...what is so hard to understand about this? His market value is whatever the numbers are on his current contract. Had he signed for 3.4 (or whatever), that would be his market value. Otherwise you are dealing in pure speculation.
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And you actually posted this same idea more than once. I feel super-enlightened. I also feel a lot better because I was worried that I paid more than market value for my house. Turns out, it is actually impossible to pay more than market value for anything.

Thank you again.
 
#179
#179
utfantilidie said:
First Fulmer’s contract now Pearl’s.
Can’t a fan get a break? <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:eek:ffice:eek:ffice" /><o:p></o:p>
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Memphis fans would gladly take a coach of BP caliber right now. Be careful what you wish for. You have a great coach who is devoted to the university, loves the area, and isn't going anywhere. If you don't believe he is a good coach, check out his first 4 years versus Cal's first 4 years at Memphis. Teams had similar records the previous years. More NCAA appearances, more NCAA wins, more Sweet 16s.
 
#180
#180
SamRebel35 said:
This is a stupid analogy! Houses are not coaches. The housing market is not the coaching market. And I don't think your analysis of the housing market is correct anyway.
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Actually, I'm fairly certain that Rick Majerus is a house.

Does he still count as a coach?
 
#184
#184
kidbourbon said:
And you actually posted this same idea more than once. I feel super-enlightened. I also feel a lot better because I was worried that I paid more than market value for my house. Turns out, it is actually impossible to pay more than market value for anything.

Thank you again.
Click to expand...

I think you're both getting into semantics. Market value and what something is worth are actually two different things. General Motors shares still have a "market" value, but are probably worthless. CBP may have a market of $2 - $2.5M, but that doesn't necessarily mean UT should pay him that if they don't think they are getting value. If UT thinks that Pearl can take this basketball program to an elite level then they need to do whatever it takes to keep him. I'm assuming that MH still believes that. Obviously, there are many folks on this board that don't believe Pearl can get us there, and therefore they are unhappy about us paying the inflated (in their minds) market value for Pearl.
 
#185
#185
Oldblood said:
Obviously, there are many folks on this board that don't believe Pearl can get us there, and therefore they are unhappy about us paying the inflated (in their minds) market value for Pearl.
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You say "Us" as if Pearl's pay is being directly drafted from our bank accounts. I don't care what he makes. That's his business. If MH wants to pay him with half cooked hamburgers, and Pearl's happy with it, then let him do it.
 
#186
#186
SamRebel35 said:
I guess the real question we should ask is does he bring in enough money to the athletic department to warrant a slight increase in salary to prevent his leaving. Wins/losses don't mean anything in the eyes of MH if the revenue is still there.
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Attendance was down this year from the past couple of years.
 
#190
#190
kidbourbon said:
So stuff that is on the market doesn't actually have a market value? Market value only applies to stuff that is no longer on the market? That seems like a perfectly sensible definition. Thank you for the insightful post.
Click to expand...

While yours is unfathomably insightful, there is no way to reasonably construe that an offer is indicative of value. Market value on something not recently bought is pure conjecture. Maybe the idiocy of the appraisers that lent to our current housing debacle will help you understand the absurdity of your market value argument.
Posted via VolNation Mobile
 
#192
#192
details of pearl's new contract on govolsxtra. Looks like we got a bargain and the title of this thread is a joke. Pearl set to make less than 2 mill next year.
 
#194
#194
hatvol96 said:
If Geoff Calkins and Dan Wolken are right, Bruce Pearl parlayed the Memphis search committee spending two days talking to Tim Floyd and a hysterical Chicken Little fan base in Knoxville into a raise. Great job, Hamilton.
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I think Coach should send a huge thank you note to Geoff for his article regarding Memphis needs to get him. I also think Coach Bruce and Mike Anderson deserve some kind of loyalty award for signing contract extensions far below what they could've gotten elsewhere.
 
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#195
#195
hmanvolfan said:
Home attendance:
06-07 314,571
07-08 324,274
08-09 307,239
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I haven't looked it up, but were the same number of games played at home each year? This would have an effect on totals. You would have to go by average if the numbers are different.
 
#196
#196
PPPpartsp3 said:
I haven't looked it up, but were the same number of games played at home each year? This would have an effect on totals. You would have to go by average if the numbers are different.
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Averages...
16 games in TBA in 06-07 = 19661
16 games in TBA in 07-08 = 20627
15 games in TBA in 08-09 = 20483

Attendance was down by a few hundred, but uninspired basketball will do that.
 
#198
#198
UTCVol said:
Averages...
16 games in TBA in 06-07 = 19661
16 games in TBA in 07-08 = 20627
15 games in TBA in 08-09 = 20483

Attendance was down by a few hundred, but uninspired basketball will do that.
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144 on average, I would contribute this mostly to the students, as their attendance was pathetic, except for big games.
 
#199
#199
Value (economics), in economics, the worth of a commodity or service measured against other commodities or services. The term generally refers to the total money revenue, or price, for which an item will sell. The value of any object in the marketplace is determined by desirability and scarcity. Anything that is both desirable and scarce, such as a diamond, can command power in the exchange ratio&#8212;that is, it can be exchanged for an item of equal or greater worth. A distinction is usually made between market value and normal, or natural, value. Market value is the purchasing power of a commodity in the open market on a given day; normal value is the value that would prevail if competitive forces worked without friction. Market value may also be referred to as the exchange price of a commodity, and natural value as the just price.


Value (economics) - MSN Encarta

So market value is based on the open market, not on something that is off the maket. If I have a house that I bought in 2000 for 500k and I, as a seller, can expect to get 750K for it now, the market value is 750K. If Pearl is currently uder contract for 1.7 million, but can expect to get 3 million (which he could have), then his market value is probably in the range of 2.3 to 2.7 million, given that the one buyer was desperate. But his value to TENNESSEE may be different.
 
#200
#200
Housing value is based quite a bit upon recent sales in that particular area (other things are obviously involved but hey). If we base what we pay our coach on the recent signed contracts with comparable programs, I don't think we're out of line at all.
 
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