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re: Is LIV golf killing the professional sport of golf?
Posted on 12/7/23 at 8:52 am to TROLA
Posted on 12/7/23 at 8:52 am to TROLA
quote:That simply isn’t correct. All the time people overpay in economics in order to reach another goal elsewhere. It’s clear that’s what the Saudis are doing here.
They are worth what they got paid. You know that as it’s basic economics.
If your business is making money off golf, Rahm isn’t worthy anywhere near 500 million. The entire groups of players isn’t even worth that if you exclude tiger
This post was edited on 12/7/23 at 8:53 am
1
Posted on 12/7/23 at 8:55 am to TROLA
quote:
They are worth what they got paid. You know that as it’s basic economics.
I guess UPS drivers really are worth 170k then
Posted on 12/7/23 at 8:56 am to lsupride87
quote:
That simply isn’t correct. All the time people overpay in economics in order to reach another goal elsewhere. It’s clear that’s what the Saudis are doing here.
How is it not correct. They are getting the money. They are worth that amount to liv who’s paying them. They aren’t worth that ti the pga who isn’t paying them.
Posted on 12/7/23 at 8:58 am to TROLA
For anyone who doesn’t want to lose 100s of millions, they aren’t worth that
Posted on 12/7/23 at 9:00 am to TROLA
quote:
How is it not correct. They are getting the money. They are worth that amount to liv who’s paying them. They aren’t worth that ti the pga who isn’t paying them.
I can’t tell if you are serious with this take..
Why are you trying to pretend like the PIF operates within the normal constraints of supply and demand economics?
This post was edited on 12/7/23 at 9:01 am
Posted on 12/7/23 at 9:00 am to TROLA
I see your point, but I'm not sure I'd call it "basic economics" if it's a model that completely unsustainable.
Posted on 12/7/23 at 9:02 am to JohnnyKilroy
quote:
I guess UPS drivers really are worth 170k then
Did ups sign the labor agreement. You’re worth what someone is willing to give you. I have no say in that and I hate what rising labor costs are doing but that’s capitalism when labor is organized
Posted on 12/7/23 at 9:06 am to PhiTiger1764
quote:
Why are you trying to pretend like the PIF operates within the normal constraints of supply and demand economics
They operate under their own rules, unless you want the government stepping in, how does one stop them from offering what they deem worthy. Their reasons for offering these contracts are meaningless because they are allowed to under current laws.
Posted on 12/7/23 at 9:07 am to Smoke7024
Would be the equivalent of opening a restaurant and laying all the cooks 2 million dollars and losing 100s of thousands weekly and not giving a frick and people like Trola blame the old restaurant for the cooks leaving 
This post was edited on 12/7/23 at 9:10 am
Posted on 12/7/23 at 9:08 am to TROLA
quote:We understand that. But you are trying to act like the pga tour could have stopped players from leaving even though you admit they aren’t playing in the same arena or galaxy as the tour in terms of money
They operate under their own rules, unless you want the government stepping in, how does one stop them from offering what they deem worthy. Their reasons for offering these contracts are meaningless because they are allowed to under current laws.
Posted on 12/7/23 at 9:09 am to TROLA
quote:
They operate under their own rules
Ok cool so not “basic economics”
Unless you just don’t know what that means..
Posted on 12/7/23 at 9:12 am to Smoke7024
quote:
I see your point, but I'm not sure I'd call it "basic economics" if it's a model that completely unsustainable
I use basic because it’s supply and demand. The supply of world class popular golfers is small. The saudis feel the demand or maybe their control is worth the price.
It doesn’t matter why to me. What matters is the lack of forth sight by the pga to get ahead of this.. the treatment of those that left, the BS with the rankings and the unwillingness to engage the concerns.
Posted on 12/7/23 at 9:13 am to lsupride87
quote:
We understand that. But you are trying to act like the pga tour could have stopped players from leaving even though you admit they aren’t playing in the same arena or galaxy as the tour in terms of money
Other than bitch. What should be done?
Posted on 12/7/23 at 9:14 am to PhiTiger1764
quote:
Ok cool so not “basic economics”
Unless you just don’t know what that means..
Looking at other pro sports 400 million contracts for superstars seems to be the norm these days. Ohtani could be in the 600 million range. The NFL, NBA, and MLB are handing out 400 million dollar contracts every year. Why not pro golfers?
Posted on 12/7/23 at 9:15 am to TROLA
quote:You are the one bitching at the tour for the players leaving
Other than bitch. What should be done?
Posted on 12/7/23 at 9:16 am to bamameister
quote:Why don’t you check and see what the Nfl, mlb, and nba bring in compared to golf
Looking at other pro sports 400 million contracts for superstars seems to be the norm these days. Ohtani could be in the 600 million range. The NFL, NBA, and MLB are handing out 400 million dollar contracts every year. Why not pro golfers?
The revenue is roughly 10x more
This post was edited on 12/7/23 at 9:17 am
Posted on 12/7/23 at 9:16 am to RoosterCogburn585
I only watch the majors and Ryder Cup so it hasn't impacted my watching at all.
Posted on 12/7/23 at 9:17 am to lsupride87
quote:
How would you like them to respond when an another organization is poaching their players paying them half a billion dollars?
Those players would have continued to play in the prestige pga events if they hadnt banned them
Players, Phoenix, Memorial, etc. Nobody cared about the 3M open even before LIV.
PGA drove them off and created the lawsuits they cant afford to fight
Posted on 12/7/23 at 9:18 am to bamameister
quote:
Looking at other pro sports 400 million contracts for superstars seems to be the norm these days. Ohtani could be in the 600 million range. The NFL, NBA, and MLB are handing out 400 million dollar contracts every year. Why not pro golfers?
Does LIV even have a tv deal? They definitely aren't pulling in the live crowds like those sports listed.
Posted on 12/7/23 at 9:18 am to lsupride87
quote:
Why don’t you check and see what the Nfl, mlb, and nba bring in compared to golf
Have you been to the gas pumps? Look at how much the Saudis are bringing in. And I'm sure they appreciate our continued support of their new league.
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