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| Main / Discussions / Financial warning process reconsideration Search Forum | |
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| posted: 2017-01-01 22:59:55 (ID: 100094783) Report Abuse | |
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250 million? Why so low?
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Meitheisman
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posted: 2017-01-01 23:09:20 (ID: 100094785) Report Abuse |
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If I understood correctly Pete does not like us saving a lot of money over multiple seasons in order to spend it later.
My guess is that when Pete thought about the finances of RZA he was thinking in a season by season way (i.e: spend more or less what you earn every season) as opposed to some of us thinking "I'll save money for X seasons and then overspend for some seasons." Therefore $250M is not low but very high if you consider that the money should be spent season to season in Pete's eyes. |
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| posted: 2017-01-02 01:13:32 (ID: 100094805) Report Abuse | |
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Well if he's serious then he really needs to consider that number being 500 million so we can afford to pay the higher TM prices that would be created.
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andrew2scott2
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posted: 2017-01-02 04:17:01 (ID: 100094808) Edits found: 1 Report Abuse |
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I have nice bank roll. I got it by saving and only buying players in 1of 2 situation.
1 when in a real need or 2 when cheap. i have not done 1 in while. As I i find a couple gems ever year. That are real bang for the buck. So you can feel better I have only made profit 3 of the last 5 seasons. If I don't make the playoffs this year I'll be -6m to -7m at the end of this year. Last edited on 2017-01-02 04:17:59 by andrew2scott2 |
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Fincyril
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posted: 2017-01-02 07:40:46 (ID: 100094814) Report Abuse |
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I maybe missed something but who said we can not have more than 500M?
As my understanding a team will pay the tax only if they have more than 500 millions and if they earn more than an unknown amount in the season. It seems to me very little impact. First we do not know the seasonal income limit. But if we take as example 30 Millions as limit (why not). A team with 500M who earns 50M this season will pay 20% on 20 millions so 4 Millions. In this case it represents less than 1% of his money. And at the end the team is now 546M. For the richest team of the game (2000M), it is 0.2%. Of course it all depends on the limit but my feeling is whatever it is, the tax in value will be low anyway for those teams. I would even say that the proposition is not strong enough to incitate richest teams to invest. |
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| posted: 2017-01-02 08:23:19 (ID: 100094822) Report Abuse | |
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Fincyril wrote:
Thanks, that nailed it pretty well...... I would even say that the proposition is not strong enough to incitate richest teams to invest. |
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Meitheisman
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posted: 2017-01-02 09:08:51 (ID: 100094837) Report Abuse |
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Fincyril wrote:I would even say that the proposition is not strong enough to incitate richest teams to invest.
To me the problem is not whether it's strong enough or not it's that it simply isn't addressing the real issue. - I have $1B in the bank but have not made a profit for 7 seasons so I would not be affected at all by Pete's suggested new tax. - I could still decide to buy 22 players with 50 skills, afford all of their salaries no problem and win the league. - It would be much harder for a younger team than mine to do the same thing. Therefore, this new tax would hinder the ability of younger teams to catch up while doing absolutely nothing to prevent a rich team like mine from basically buying a team full of superstars, I don't understand why this would be a good thing for the game even though it would benefit my team.  |
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| posted: 2017-01-02 09:14:08 (ID: 100094838) Report Abuse | |
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Meitheisman
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posted: 2017-01-02 09:20:03 (ID: 100094839) Report Abuse |
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But you can fix the future without unfairly hurting newer teams.
If you insist on having a tax and no salary cap then implement a tax on players salaries and on the TM, not seasonal profits. |
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| posted: 2017-01-02 09:53:06 (ID: 100094843) Report Abuse | |
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You claim something that is not true, and I won't enter version 26 of this discussion.
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