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re: Is Avery Johnson's contract really 6 years 18 million?
Posted on 4/7/15 at 10:21 am to therick711
Posted on 4/7/15 at 10:21 am to therick711
quote:
This is the biggest crock of sophistry bullshite I've ever seen. You're putting the analysis on whether a school overpaid on what theoretically it would have taken to hire who they ended up with. Basically, with your crazy formulation, the only way someone could be overpaid is if they admitted they would coach for less. So not only is your argument stupid, your methodology is useless. My goodness.
Wrong. There are certainly other ways to tell if you overpaid than for the coach to admit they would have taken less, that was merely one example. When you are dealing with a unique good or service it is extremely difficult to determine if a person over paid or not. If the exact same good or service was available and someone else got it for less, then you could make that determination. You can't do that with unique goods or services.
With unique goods or services, usually you will not be able to tell if you overpaid until you either resell the good or service or by some other metric of production or return on the investment after the fact. To say that Alabama overpaid Avery Johnson implies that you know they could have gotten him for less right now. None of us know that. Therefore, we will have to wait and see to make that judgment.
This post was edited on 4/7/15 at 10:24 am
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Posted on 4/7/15 at 10:26 am to elposter
quote:
Wrong. There are certainly other ways to tell if you overpaid than for the coach to admit they would have taken less, that was merely one example. When you are dealing with a unique good or service it is extremely difficult to determine if a person over paid or not. If the exact same good or service was available and someone else got it for less, then you could make that determination. You can't do that with unique goods or services.
With unique goods or services, usually you will not be able to tell if you overpaid until you either resell the good or service or by some other metric of production or return on the investment after the fact. To say that Alabama overpaid Avery Johnson implies that you know they could have gotten him for less right now. None of know that. Therefore, we will have to wait and see to make that judgment.
Sophistry bullshite that mangles economic terms.
If you want to misuse economics, then it is clear that he is overpaid. His value as judged by the market was that people were willing to pay him not to coach at back to back stops in his career. The market decided that his unique service of coaching was worth so little as to pay him not to do it for them any more. By that standard, he was overpaid no matter what.
In any event, to pay AJ on the level of those in the profession with much greater achievement in the college game is an objective overpayment.
Posted on 4/7/15 at 10:28 am to elposter
quote:
When you are dealing with a unique good or service it is extremely difficult to determine if a person over paid or not.
This isn't that unique. There's 351 Division 1 basketball coaches. You put a guy with zero direct experience in the top 3% of salaries.
Having said that, depending on how the contract is structured, it could be better. If he starts at $2.5ish with automatic escalators, it's probably not that big of a deal.
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