You've Got to Spend Money to Make Money

#1
Kingston Vol

Kingston Vol

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#1
John Pennington made a good point on the amount of money UT should pay for a new basketball coach.

Let's say the average fan pays $35 to go to a basketball game. That's including concessions and souvenirs. If UT hires the wrong coach, attendance would probably drop to pre-Pearl numbers. (From about 20,000 to 15,000.)

The math says that $35 x 5,000 = $175,000 a game.

Over a 15 home game span, Tennessee would lose $2,625,000 on average.

If Tennessee doesn't spend money on the right coach, they could actually lose money in the long run.
 
#2
#2
Offer brad Stevens to coach the Vols and I'll gladly pay 40 a ticket as long as I know the extra money I'm paying on my ticket is going to the 5 mil we should pay him a year :)
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#3
#3
Kingston Vol said:
John Pennington made a good point on the amount of money UT should pay for a new basketball coach.

Let's say the average fan pays $35 to go to a basketball game. That's including concessions and souvenirs. If UT hires the wrong coach, attendance would probably drop to pre-Pearl numbers. (From about 20,000 to 15,000.)

The math says that $35 x 5,000 = $175,000 a game.

Over a 15 home game span, Tennessee would lose $2,625,000 on average.

If Tennessee doesn't spend money on the right coach, they could actually lose money in the long run.
Click to expand...

It's not about how much you invest, but where you invest it and the risk factor you are taking. If you go with a proven mutual fund, say this is Rick Byrd, then your annual return would more than likely be solid. If you go high risk on the investment, say this is Shaka Smart, then you may not only bite the bullet with your money, but it could affect other parts of your portfolio as well.
 
#4
#4
UT is stuck between a rock and a hard place...they made a bad deal with Fulmer and are paying dearly for the decision to invest long term and deeply with a coach.

Tossing big bucks out now for this program is not going to be an easy sell with the board at UT.

There surely are some interesting scenarios being considered, one of which would be to make a budget conscious hire and ride out this BB storm, then in 4-5 years make the HIRE.
 
#6
#6
g8terh8ter_eric said:
It's not about how much you invest, but where you invest it and the risk factor you are taking. If you go with a proven mutual fund, say this is Rick Byrd, then your annual return would more than likely be solid. If you go high risk on the investment, say this is Shaka Smart, then you may not only bite the bullet with your money, but it could affect other parts of your portfolio as well.
Click to expand...

Rick Byrd's return is about the value of a us t bill in comparison.
Posted via VolNation Mobile
 
#7
#7
tigervol9802 said:
Rick Byrd's return is about the value of a us t bill in comparison.
Posted via VolNation Mobile
Click to expand...

I consider an investment in him a good mutual fund that averages around 8% a year or more in return. Your not going to get a big flash with it, but it will consistently be solid, and put you in a position to win in your investment. Even if it does have a down year, it may have an excellent year to make up the average down the road.
 
#8
#8
g8terh8ter_eric said:
I consider an investment in him a good mutual fund that averages around 8% a year or more in return. Your not going to get a big flash with it, but it will consistently be solid, and put you in a position to win in your investment. Even if it does have a down year, it may have an excellent year to make up the average down the road.
Click to expand...

That's where I value Marshall.
Posted via VolNation Mobile
 
#9
#9
g8terh8ter_eric said:
I consider an investment in him a good mutual fund that averages around 8% a year or more in return. Your not going to get a big flash with it, but it will consistently be solid, and put you in a position to win in your investment. Even if it does have a down year, it may have an excellent year to make up the average down the road.
Click to expand...

I find it quite comical that you're touting Rick Byrd and tearing down Lawrence Frank.
 
#10
#10
The only reason Rick Byrd is mentioned by anyone here, is because he is from Knoxville and his daddy wrote basketball columns for the local newspaper. Otherwise, he would not be mentioned in this conversation.

You know, we had better beat the rush to hire this guy before all of the other SEC, Big East, Big Ten, Pac Ten, and Big 12 schools beat us to the punch. /sarcasm off
 
#11
#11
Tux said:
The only reason Rick Byrd is mentioned by anyone here, is because he is from Knoxville and his daddy wrote basketball columns for the local newspaper. Otherwise, he would not be mentioned in this conversation.

You know, we had better beat the rush to hire this guy before all of the other SEC, Big East, Big Ten, Pac Ten, and Big 12 schools beat us to the punch. /sarcasm off
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Dude how many times you going to post the same pitch?
 
#12
#12
LawVol13 said:
I find it quite comical that you're touting Rick Byrd and tearing down Lawrence Frank.
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I'm not tearing down Frank, I'm just arguing the other side. He could very well end up being a great coach here, but he could end up a bust, like the tail end of his NJ HC gig. Come on now, I'm just discussing the other side, no need to get all pissy.
 
#13
#13
g8terh8ter_eric said:
I'm not tearing down Frank, I'm just arguing the other side. He could very well end up being a great coach here, but he could end up a bust, like the tail end of his NJ HC gig. Come on now, I'm just discussing the other side, no need to get all pissy.
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Sorry but the NBA is all about who you have on your team. You can't blame the last couple years in New Jersey on Frank when the team had no talent. Like someone posted earlier look at Doc Rivers. When has Phil Jackson won and not had one of the top 3 players in the league.
 
#14
#14
Kingston Vol said:
John Pennington made a good point on the amount of money UT should pay for a new basketball coach.

Let's say the average fan pays $35 to go to a basketball game. That's including concessions and souvenirs. If UT hires the wrong coach, attendance would probably drop to pre-Pearl numbers. (From about 20,000 to 15,000.)

The math says that $35 x 5,000 = $175,000 a game.

Over a 15 home game span, Tennessee would lose $2,625,000 on average.

If Tennessee doesn't spend money on the right coach, they could actually lose money in the long run.
Click to expand...

I saw the show this morning. They also said Stevens is making one million a year. Tennessee needs to make this guy a big offer. No Frank. He will leave and head back to the NBA soon as someone calls. Need a young coach that wants to be here. Shaka is playing players that Anthony Grant recruited.
 
#15
#15
Brad Stevens aint coming to Tennessee and Byrd shouldn't come to Tennessee. Lawrence Frank on the other hand, make it happen!
 
#16
#16
crparker21 said:
Sorry but the NBA is all about who you have on your team. You can't blame the last couple years in New Jersey on Frank when the team had no talent. Like someone posted earlier look at Doc Rivers. When has Phil Jackson won and not had one of the top 3 players in the league.
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I thought if you were a world beater coach, that developed players, like Frank has, that you should be able to get the full potential out of your players. When player's get the NBA, they are playing with the best in the world right?? So, who did he develop after the big 3 left?? Not really anyone, and the 0-16 start showed that.
 
#17
#17
looks like frank is becoming a religious crusade by the VN teutonic knights........
 
#18
#18
g8terh8ter_eric said:
I thought if you were a world beater coach, that developed players, like Frank has, that you should be able to get the full potential out of your players. When player's get the NBA, they are playing with the best in the world right?? So, who did he develop after the big 3 left?? Not really anyone, and the 0-16 start showed that.
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I never said he was a world beater coach. I never even said I wanted him here. I'm just saying I don't think the last two years in New Jersey were his fault. Name a world beater coach in the NBA that has developed people and won titles. A coach's job in the NBA is to take the talent they have and get them to play well together. If you don't have talent then well...
 
#20
#20
NEVolFan said:
Tossing big bucks out now for this program is not going to be an easy sell with the board at UT.
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I do not fully understand the relationship between the board of trustees, money, and athletic coaches.

Is not the UT athletic department financially self-supporting? Does it not pay for coaches out of its own budget? If so, why should the board of trustees have much input into what a coach might be paid?
 
#22
#22
Originally Posted by NEVolFan
Tossing big bucks out now for this program is not going to be an easy sell with the board at UT.
Click to expand...


Velo Vol said:
I do not fully understand the relationship between the board of trustees, money, and athletic coaches.

Is not the UT athletic department financially self-supporting? Does it not pay for coaches out of its own budget? If so, why should the board of trustees have much input into what a coach might be paid?
Click to expand...

Good question....while I am not an expert in these matters, I do know Hammy does not enjoy carte blanche in his decision making (including how to spend the men's AD budget)....I pulled some info from a google search on college Athletic Department policies....

1) The Board reaffirms the role of intercollegiate athletics as a legitimate and significant component of institutional activity. The responsibility for and control of institutional activities in this area rest with the Board.

2) Given these goals, the Board has a continuing concern and interest in the academic success of student athletes, the scope and level of competition, and the cost of athletic programs administered by its institutions. Consequently, the Board will, from time to time in the context of this policy statement, promulgate, as necessary, regulations governing the conduct of athletic programs at its institutions.

3) The day-to-day conduct of athletic programs is vested in the institutions and in their chief executive officers. Decision making at the institutional level must be consistent with the policies established by the Board and by those national organizations and conferences with which the institutions are associated. In the event that conflicts arise among the policies of these governance groups, it is the responsibility of the institution's chief executive officer to notify the Board in a timely manner. Likewise, any knowledge of NCAA or conference rule infractions involving an institution should be communicated by the athletic department to the chief executive officer of the institution.

4) The Board recognizes that the financing of intercollegiate athletics, while controlled at the institutional level, is ultimately the responsibility of the Board itself.
 
#23
#23
Tux said:
The only reason Rick Byrd is mentioned by anyone here, is because he is from Knoxville and his daddy wrote basketball columns for the local newspaper. Otherwise, he would not be mentioned in this conversation.

You know, we had better beat the rush to hire this guy before all of the other SEC, Big East, Big Ten, Pac Ten, and Big 12 schools beat us to the punch. /sarcasm off
Click to expand...

Amen brother. This is the bunch that says Oh I knew him when he growing up and he comes from a great family. You know the story.
 
#25
#25
g8terh8ter_eric said:
I consider an investment in him a good mutual fund that averages around 8% a year or more in return. Your not going to get a big flash with it, but it will consistently be solid, and put you in a position to win in your investment. Even if it does have a down year, it may have an excellent year to make up the average down the road.
Click to expand...

So using the football analogy, this is essentially guaranteeing a 9-10 win season each year with CapitalOne Bowl appearances from now until... or in the case of our BB taem, 20+ wins and maybe a Sweet 16 appearance 3 out of every 4 years.
 
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