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Editor [∞]
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TNET: More details on Clemson athletics pay cuts
Aug 24, 2020, 3:02 PM
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CU Guru [1446]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 24, 2020, 3:08 PM
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Kind of a garbage move. These coaches didn’t make you shutdown the university
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CU Medallion [55433]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 24, 2020, 3:24 PM
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Well, it is better to take a pay cut than looking for another job. Revenue made by actually playing the games is the main reason those people make the salaries that they make, and if there isn't a way to keep the big bucks coming in, how could anybody expect to draw their full salary if the full income isn't coming in. Once the system becomes bankrupt, you're looking at 10 years to get it right again, but probably with a complete turnover of employees. Just imagine Clemson FB without Dabo and his staff, and it isn't like they could leave Clemson today, and get paid near the money they make at Clemson somewhere else even after the pay cut at Clemson!!!
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Orange Blooded [4195]
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Standout [304]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 25, 2020, 12:00 PM
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Yeah this dang democrats and trying to save lives.
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Walk-On [116]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 24, 2020, 4:29 PM
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Tough and unprecedented times. I am proud and impressed with the way Clemson University is take the "Top Down" approach. 10% if you are making over $400,000 affects you a whole lot less than taking money from someone who makes less than $49,000 a year. Imagine if we did this with taxes and made the top 1% (billionaires and millionaires) pay the same percentage as we do. Our economy would be much more stable, that is for sure, but no instead we keep giving them tax break after tax break. Go Tigers!
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All-TigerNet [12592]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 24, 2020, 5:47 PM
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I'm not in the top 1%, but not sure I follow you on taxes. 2017 data shows the top 1% paid 38.5% of all the federal income tax. The top 5% paid 59.1%, the top 10% paid 70.1%, the top 25% paid 86.1% and the top 50% paid 96.9%. The bottom 50% paid only 3.1% of the total federal income tax. How much would you consider enough for Uncle Sam to take especially considering how frugal the government is with our money? I don't know about you, but I never had a poor man give me a job. Most truly rich people don't put their money in a hole in the ground. I hear the mantra, that the wealthy need to pay their fair share. If so, perhaps a rebate is in order.
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Orange Blooded [4267]
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You are correct sir....I love when someone says that the
Aug 24, 2020, 6:47 PM
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top 1% do not pay their fair share of taxes.
That is just an ignorant statement.
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Orange Blooded [3507]
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Go tell a 1% er he doesn't pay fairly
Aug 24, 2020, 9:52 PM
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They are easy to find... They ride motorcycles and have a patch that says 1% er on their jackets. Will probably be drinking a Jaeger Bomb.
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Hall of Famer [22338]
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LOL ... underrated post***
Aug 25, 2020, 1:36 PM
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Commissioner [970]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 25, 2020, 2:44 AM
[ in reply to Re: TNET: More details on Clemson athletics pay cuts ] |
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You neglect the part where the top 1% owns almost 40% of all wealth in this country, and the top 10% own 70%. So the top 1% paying 38.5 and the top 10% paying 70.1% tracks nicely. And these numbers are from last year; the well-off have done VERY well in the pandemic, with some of the richest people in the world doubling their billions in the last 6 months.
If you really want to have a substantive measurement, lets look at income minus living expenses. That will give you a useful dollar amount that somebody can "afford" to be taxed. For example, somebody working 40 hours at minimum wage only makes about 15k/yr. How are you going to tax people that make that much? So they have 0% remaining money after just staying alive with a roof. But a billionaire still basically has a billion dollars after they pay for their house/food/utilities/transportation. So of course they will pay more. Based on this you could argue that if everybody paid a percentage of their "excess" income, the higher earners should be paying MUCH more. After all, they mostly got their money by screwing their workers and forcing the taxpayers to shoulder the difference (who do you think pays for walmart, amazon, etc workers when they need healthcare, or food stamps, etc due to their low pay and crap benefits).
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All-TigerNet [12592]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 25, 2020, 10:23 AM
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I am not jealous of any billionaire.They earned their money. Who amongst this class has doubled their money during the pandemic?How did they manage to do it? Please give me at least two names. Completely unfettered capitalism is not good, but I'll take capitalism over socialism any day. Most millionaires and billionaires were not born rich despite the myth that that is the case.These people took risks and often failed miserably before succeeding. Bright people are not flocking into Sweden like they do here. I especially cringe when I hear some of the Hollywood types and even Warren Buffett complain that the rich aren't paying enough. Well, if it makes them feel good, they should fire their accountants. That would help even things up a bit and then since there's no prohibition on cutting a check to The U.S. Treasury, they should donate more of their money to Uncle Sam. I have yet to hear of anyone making this move. Class envy is not good. I myself have benefitted from being born in this country. Had I been born anywhere else, my dad and subsequently I could not have advanced to being self sufficient productive people. If you have to pay a lot of taxes, you're doing well. One can argue over rates, but to intimate that wealthy people aren't paying their fare share is a view I don't share. Jobs are created when wealthy people plow their money into new ventures. Most of America is not set up like the Beltway counties of VA and MD which have among the highest incomes--all suckling off the government teat paid for by the rest of the country. I trust the private sector to create jobs not the government. Just curious, what top rate would you place on income? What would be your idea for a fair capital gains rate?What would you like to see the corporate tax rate hiked to so we could drive more business south of the border and off shore? What adjustment would you like to see placed on estate tax? Do you agree with AOC that billionaires shouldn't be allowed?
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Legend [16186]
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Dead spot on rons1.
Aug 25, 2020, 7:50 AM
[ in reply to Re: TNET: More details on Clemson athletics pay cuts ] |
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You are exactly right when talking about who pays the bill for everyone living in the United States. My wife and I are in the 'rich' grouping that pays the lions share of taxes to Uncle Sam and to our state governments. I don't mind doing that since the country, the economy, and the support offered to me by a stable society have made our prosperity possible. It feels right that we are among the people paying by far the most money and the biggest share of the money which gives everyone a chance to live happy lives and to pursue economic success. So I am not one to complain about high taxes, though the truth is my taxes take a significantly higher percentage of my income than that faced by the great majority of Americans.
All that said, I despise the ridicule, blame, contempt, hatred and vilification we, the well to do, face all the time from politicians and media moguls in their drive for increased personal power. People who pay most of the taxes that make our country possible should be appreciated, not despised by our society.
And, by the way, the very well to do are not a stable and unchanging segment of society. My wife and I come from very humble, no money, no home ownership, no car, working class backgrounds. Given that we did a lot of the right things to achieve the success we have today, it seems dead wrong to make us the villains of American life.
This is why I dislike most politicians and most of the media no matter which party they claim to represent. And it's why I have not voted for a democratic candidate for high federal or state office in over 40 years. And why I will never vote for a candidate who will sit on the left side of the aisle in any legislative body that represents me.
And I dislike the morons who fall for the lies of politicians and the media and say, more or less 'People should be taxed on how much they have after spending everything they need to live' and who have such a poor understanding of what makes their American lives possible. Those morons should be exiled to Moldovia for the damage they cause us all. That clueless crowd are economic terrorists who are stupidly trying hard to kill the prosperity of the nation where they live.
Hells bells. Most well to do people in America pay all their taxes and then go ahead and give away more money than a large segment of the morons make.
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Orange Blooded [4139]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 24, 2020, 6:59 PM
[ in reply to Re: TNET: More details on Clemson athletics pay cuts ] |
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ummm... you do realize that we have a progressive tax system - the "rich" pay far more, both in raw numbers and as a % of income. While there might be a discussion to be had on capital gains and dividends vs "earned" income, the system is extremely progressive and punishing at the upper end. As for capital gains, one could argue that the $$ were already taxed once (when they were "earned"), and that any cap gain tax is punitive toward investment. But let's not let the facts interfere with a good "rich don't pay their fair share" argument...I would be willing to wager that you pay nearly nothing (or possibly even get more $ back than you pay in) , if you factor in your tax credits, stimulus checks, etc etc. Sorry - had to weigh in here
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Orange Blooded [2420]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 24, 2020, 8:59 PM
[ in reply to Re: TNET: More details on Clemson athletics pay cuts ] |
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I hate to break the news, but the rich folks provide the poor folks, us, jobs. Without them, we would be relying on gov checks.
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Standout [304]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 25, 2020, 12:08 PM
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Also to note is how those dang blue northeastern states with all that liberal scum support the southeastern states via federal spending, ugh, makes me wanna vomit. I bet ESPN is in on it since they are in Conn.
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Orange Blooded [4195]
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All-In [44055]
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Wow, what a misinformed take!
Aug 24, 2020, 11:08 PM
[ in reply to Re: TNET: More details on Clemson athletics pay cuts ] |
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You must be a Democrat who believes the line about the rich “not paying their fair share.”
As we go up in income bracket, we pay more in taxes - not just in terms of amount paid, but also as a percentage of income.
For it to truly be fair, we would all pay the same percentage of our income in taxes. But of course that isn’t allowed, because it would be spun as being unfair for those in lower income brackets.
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Orange Blooded [2034]
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LOL... just wait until the end of the fiscal year
Aug 25, 2020, 7:10 AM
[ in reply to Re: TNET: More details on Clemson athletics pay cuts ] |
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and all these cities, counties and states start reviewing their tax revenue and see they are millions short because all of the small businesses they shut down. Along with the business shut down came a halt to the tax stream that funds big government. This is just the tip of the iceberg. Local, county and state governments will be out of money soon and they will be coming for yours...
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All-In [30841]
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why is the school and football team hurting for money
Aug 24, 2020, 4:44 PM
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As far as i know IPtay/ESPN are still paying their dues .
Clemson is still cashing tuition checks..
Where did income not come in as normal? Is it room and board?
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Orange Blooded [3290]
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Re: why is the school and football team hurting for money
Aug 24, 2020, 5:09 PM
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Ticket revenue (23% attendance, maybe), game day sales, even TV revenue is not guaranteed if games get cancelled.
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Orange Blooded [3047]
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Re: why is the school and football team hurting for money
Aug 24, 2020, 6:01 PM
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The TV audience should be greater this year with our ranking and fewer games to televise. Plus with fewer games being played across the country those normally attending games will be watching games on TV.
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All-In [30841]
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CU Medallion [51114]
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80,000 fans in the stands at $100 per ticket
Aug 24, 2020, 7:15 PM
[ in reply to why is the school and football team hurting for money ] |
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(roughly) = $8,000,000 each for 7 home games ($56,000,000) just for the gate - will be a big loss with limited seating drastically cutting into that.
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CU Medallion [55433]
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Re: 80,000 fans in the stands at $100 per ticket
Aug 25, 2020, 12:06 PM
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Ticket sales, plus all the other (way) overpriced sales in and around DV that Clemson gets their cut from on a Saturday at Death Valley. It's easy to see that covid-19 has taken a huge bite of revenue from just one gameday. So I'm thinking that if the stadium ticket sales, and all the plus income loss is going to be a 2/3ds plus loss from gameday. The TV audience will probably rise about 10-15% from it's normal game day viewing. So, there should be some serious renegotiations with the TV contracts, but, the $100 dollar question is, can the TV contracts be legally renegotiated, or, are those TV contracts set in stone regardless of unforeseeable happenings like the Coronavirus that causes sports to suffer such financial losses bc the fans are kept away???
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Freshman [9]
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Re: why is the school and football team hurting for money
Aug 25, 2020, 12:07 PM
[ in reply to why is the school and football team hurting for money ] |
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You have to remember that the University and the Athletic Department are two completely different institutions, with revenue and and expenses from completely different sources.
Tuition, fees, room and board is revenue ONLY to the University. Not a penny of that goes to the Athletic Department.
IPTAY member donations, corporate sponsorships, tv revenue, ACC conference share is revenue to just the Athletic Department.
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All-TigerNet [10927]
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Re: TNET: More details on Clemson athletics pay cuts
Aug 24, 2020, 5:11 PM
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They will survive. Win the Natty and you can make it up in bonuses.
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CU Medallion [65608]
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Dabo's base salary only $245,000 per year? That can't be
Aug 24, 2020, 6:13 PM
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right. I know he has a lot of incentives in his contract, but not $9 million dollars worth?
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Legend [17340]
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Re: Dabo's base salary only $245,000 per year? That can't be
Aug 24, 2020, 7:00 PM
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I presume that is his state-paid salary, with the other money coming from private sources, such as IPTAY and other sources/contracts.
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Orange Blooded [2951]
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Re: Dabo's base salary only $245,000 per year? That can't be
Aug 24, 2020, 7:24 PM
[ in reply to Dabo's base salary only $245,000 per year? That can't be ] |
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I believe there is a law in SC that the governor has to be the highest paid state employee. The $245K is probably his salary from the state and bulk comes from IPTAY/other sources.
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All-In [44055]
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Amanda Butler and Monte Lee both over $400,000?
Aug 24, 2020, 11:12 PM
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Wow, I had no idea coaches who coach sports that lose money every year made that much.
Granted, it isn’t their fault that those sports lose money. I realize that this is power 5 sports, but I am still surprised.
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CU Medallion [55433]
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Re: Amanda Butler and Monte Lee both over $400,000?
Aug 25, 2020, 10:24 AM
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Hopefully Judge, with the way basketball recruiting has been going for Brownell, his teams will start drawing a crowd large enough to pay his and his assistance salary, and that would be one less salary that Dabo's FB program wouldn't have to support anymore. I'm not sure, but hopefully Monty Lee's baseball program brings in enough to pay his and his assistance salary.
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All-In [44055]
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Ha!
Aug 25, 2020, 10:32 AM
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I know you're joking, but for those who aren't aware, football doesn't support men's basketball, because men's basketball is self-sufficient. I mention this since some people here think football pays for the whole university, including every sport and even university operating expenses.
As one poster said recently, "There wouldn't be a Clemson University without Clemson football." LOL! You can't make this stuff up.
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CU Medallion [55433]
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Re: Ha!
Aug 25, 2020, 1:12 PM
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IF, if FB had to support every Clemson sponsored sport, the list of sports would be a very short list, and Dabo and his assistants wouldn't be making but about half or less than what they are making now. But, I think that every sport that Clemson do sponsor, the coaches, their assistants, and the scouts should be the very best that can be brought in to spike the interest of all Clemson sponsored sports bc, nothing raises the interest of students and fans of any sport better than winning and competing for championships. Winning at a top level in sports is one of the best ways to grow a school in its size and the number of students.
Regardless of what all the jealous folks has to say about Dabo and Clemson, the proof is always in the pudding, and Dabo and his will for winning, it has help Clemson to grow in size and student enrollment. Championship sports brings in the cash needed for growth, and that's why I say that any sport that Clemson sponsors, the best coaches should be brought in to win bc mediocrity cost more than it's worth!!!
https://www.washingtonpost.com/sports/colleges/at-clemson-football-success-brings-windfall-that-most-schools-only-dream-of/2016/09/21/2bdb12fa-791c-11e6-bd86-b7bbd53d2b5d_story.html
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