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re: Some members of Congress expressing concern over College Coaching salaries.

Posted on 12/2/21 at 8:10 am to
Posted by bignic26
West Monroe
Member since Jul 2013
876 posts
Posted on 12/2/21 at 8:10 am to
Why in the hell is congress concerned about how much a football coach makes? Why is everyone so damn butt hurt about Brian Kelly coming to LSU?! I knew Notre Dame was a big deal but come on, this outrage is absurd. LSU is now the villain.
Posted by Palomitz
Miami
Member since Oct 2009
2664 posts
Posted on 12/2/21 at 8:16 am to
Who suggested this? Thomas 'Ears' Tubberville?
Posted by Champagne
Sabine Free State.
Member since Oct 2007
53645 posts
Posted on 12/2/21 at 8:45 am to
That's GREAT news for LSU! Let's say Congress steps in and caps all future coaches salaries at some level of peanuts. CBK is grandfathered in as the Big Kahuna at LSU.

I like it.

Posted by msully
Nashville
Member since Aug 2011
1088 posts
Posted on 12/2/21 at 8:51 am to
I think head coaches should make no more than one hundred thousand dollars a year
Posted by lsusteve1
Member since Dec 2004
46447 posts
Posted on 12/2/21 at 8:53 am to
quote:

Completely ignore and the problems solved.


Yeah, apathy is exactly what they want.

I get it but we're where we are because these tyrant idiots take advantage of people not caring.
Posted by lsu13lsu
Member since Jan 2008
11767 posts
Posted on 12/2/21 at 8:54 am to
Meanwhile congressmen enter congress with little or modest wealth and leave in the 1%.
Posted by Palomitz
Miami
Member since Oct 2009
2664 posts
Posted on 12/2/21 at 8:55 am to
quote:

I think head coaches should make no more than one hundred thousand dollars a year


Way too low, that's about what I make and I am not even 50 yet. I'd say a couple of millions bucks at least. Do you have any idea how many hours in a day coaches have to work? It's not a 9 to 5 job.
Think again.
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
35600 posts
Posted on 12/2/21 at 8:57 am to
quote:

Some members of Congress expressing concern over College Coaching salaries.

Congress should spend more time worrying about runaway inflation, a porous southern border, term limits, human trafficking, the supply chain crisis, stale economic growth, unprecedented federal overreach, geopolitical subterfuge and their own committee members sleeping with Chinese spies.

But Instead, let's worry about college football coach pay, and criminalizing the act of calling someone born with a dick "male".
Posted by GetmorewithLes
UK Basketball Fan
Member since Jan 2011
22276 posts
Posted on 12/2/21 at 8:58 am to
quote:

I’ve ignored national news the last few months and my life has been 100x better for it.


Same here. And so have many of my friends...
Posted by JakeFromStateFarm
*wears khakis
Member since Jun 2012
12963 posts
Posted on 12/2/21 at 9:02 am to
These fricking career criminals are just bitching because they can’t figure out a way to skim some off of the top for themselves.
Posted by latigerfan2
covington, la
Member since Jan 2005
2118 posts
Posted on 12/2/21 at 9:10 am to
Do they have the same concerns about people like Pelosi becoming multi millionaires because of insider trading too?
Posted by slimySand
225
Member since Aug 2018
885 posts
Posted on 12/2/21 at 9:10 am to
quote:

Some members of Congress expressing concern over the growing magnitude of Coaching Salaries and suggesting placing a cap !


If they knew anything about how it works, most schools have university pay which a portion of their salary paid out to the coach and is approved by the university's board of supervisors. It's usually in the ball park of what they would pay a professor. That is all that can be considered coming from "tax-payer money". The rest all comes from boosters and athletic foundations.

Scott Woodward went away with our coaches receiving any university pay so congress cant tell a private foundation how much money they're allowed to pay employees. That's socialism to a T.

What that tells me is no doubt that congress member went to a private college where all the coaches' salaries are being funneled through and their administration doesn't want to shell out money like that.
Posted by catnip
Member since Sep 2003
16377 posts
Posted on 12/2/21 at 9:11 am to
quote:

Thats awfully rich coming from a bunch of jackasses that just passed a bill spending over a trillion dollars


And what those criminals leave out is how do they get elected and suddenly become filthy rich on a salary that takes years to get rich. Ask Nancy who has her husband get info from her on great upcoming deals she sets up for them.
Posted by atltiger6487
Member since May 2011
19798 posts
Posted on 12/2/21 at 9:11 am to
quote:

A business that brings in over $90M in revenue and over $50M in profits annually pays its CEO $9M. The horror!
I'm a capitalist and for the free market, but a CEO getting a cash salary of 10% of gross revenues would be pretty darn extreme in the corporate world.
Posted by TexasTiger1185
New Orleans
Member since Sep 2011
13162 posts
Posted on 12/2/21 at 9:13 am to
I haven’t seen anything about this.
Posted by classof72
baton rouge
Member since Apr 2009
786 posts
Posted on 12/2/21 at 9:15 am to
And we are paying this coach 10% of gross revenue before he wins a single game.
Posted by RightWingTiger
Louisiana
Member since Oct 2003
5860 posts
Posted on 12/2/21 at 9:21 am to
quote:

Say we win 3 titles over the next 10 or 12 years and are in the playoffs even just every other year or 4 out of 10 years,

Holy SHEIT Captain, that'd be a HELL OF A RUN!!

- Ill definitely take that from CBK ober the next 10-12 years.
Posted by BhamTigah
Lurker since Jan 2003
Member since Jan 2007
17381 posts
Posted on 12/2/21 at 9:21 am to
quote:

A business that brings in over $90M in revenue and over $50M in profits annually pays its CEO $9M. The horror!


Not sure that's the point to win the argument. The average CEO for a $50-$100 million company makes $418K. For a $100 million to $250 million company, it goes to $528K. (this was 2019 data, but double it and the point remains the same.

For a $1 billion company, the average total comp for the CEO was $2.8 million, so to get to $9.5 million in comp, you're looking at a multi-billion company.

In your example, the CEO makes 10% of revenue. Not many companies are going near that.
Posted by St Jean The Baptiste
Laredo, TX
Member since Aug 2015
5828 posts
Posted on 12/2/21 at 9:21 am to
Mel Tucker got paid! I’m not mad at him.
Posted by alajones
Huntsvegas
Member since Oct 2005
35754 posts
Posted on 12/2/21 at 9:23 am to
The same Congress that won’t pass a law against their own insider trading.


Also, can we exempt private schools and schools like LSU that have athletic programs in the black from all these types of conversations?
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