'golfguy said:
#1 I never said they didn't have a valid reason for opting out, they made a bad deal in 2006. however, i'm not going to blame the players at this point in time (not yet).
Well, you expressed exasperation over how one could see it the owners way. That's what I was responding to, specifically.
#2 your analogy of a business owner inheriting a business or millions being the same as someone who makes it to he NFL level as a player both being inherited really is terrible. it's not even close. an NFL player is basically a lottery for a lot of the players (coming from their socio economic status), they are extremely rare and talented. there are not many people in the world who can compete at the level of the NFL, they work for and strive for it. they don't just sit there and get it handed to them. that's really a porous comparison. There are far more people in this country who run million-dollar companies then play in the NFL. so the nfl owners who inherited their wealth and the players are not on the same level.
It's fair to say the lottery in life of "inheriting billions," as you call it, and the lottery of inheriting a million-dollar athletic talent, is about the same, for all intents and purposes. No one did anything to "earn" it. It just happened. Moreover, I highly doubt you'd call training and playing a sport you love "work." Likewise, wealthy people lose money.. and lots of it.. all the time. When you pass money down from generation to generation, you'd be lucky that your kids don't screw it up. To think these owners aren't entrepreneurial, or didn't "work" for anything, is just fantasy.
#3 sure they can try to modify their investment, but at the same time profits in the NFL have doubled in the past 5 years. from around 4.5 billion to 9 billion dollars/yr. (last time i heard the numbers). So they are still making good money.
The profitability of the NFL has gone down, even though revenues have gone up. The figures you cite are revenues, not profit. Big difference. In fact, that is the entire point of the lockout. The owners argue that costs have risen disproportionately to revenues. They are NOT making "good" money when you consider what else they can be doing with all their "billions" of dollars. Gold has produced a 100% return in just 2 years, as just one example.
again as noted by previous posters, the NFL is a Monopoly as well- so you can't really even compare to most business models anyway... the NFL is not a free market system, it's a monopoly. so you can't really compare the two. the NFL lives in it's own little world.
This is a canard. Nowhere have I used arguments that ignore the nature of the industry they are in. The fundamental laws of economics - that people are largely self-serving and want to maximize profit - do not change regardless of whether there is regulation or not, competition or not, or government ownership or not. Profit-seekers voluntarily coordinate their actions through markets. This is precisely why you see black markets in socialized economies. Your comments suggest a fundamental suspicion of this market process.
#4 I am sure some other billionaire would gladly buy up their team, even it's such a money pit for them.
If owners feel they are losing money (relative to what they could make elsewhere), you don't think that would not give pause to a prospective owner? That seems kind of irrational. You make it sound as if billionaires have nothing better to do than sink their money into a sports franchise. In any case, principal owners selling their franchises is most likely a long-run phenomena; something they are trying to avoid (hence these negotiations). In the short-run, it is most likely the minority owners will sell their shares in the company.
#5 I never said anywhere that they were underpaid. my point was their self life is not long, so they have to make as much money as possible in that short time frame (let's be honest, their employer is using up their talent, and then tossing them aside in this scenario).
Almost everyone tries to make as much money as possible, regardless of what time frame they are dealing with. People don't say no to an additional +5K in their jobs for doing the same thing. It doesn't matter if they last 3 years or 30 years in an industry. People don't leave free money on the table. I don't see how any of this affects the legitimacy or desirability of the owners seeking player concessions.
#6 I love how you tell me how I really feel about unions. LMAO. you have no idea of my true feelings on unions. i grew up in an area that was decimated by the steel union, and saw the ramifications of them. so, please don't assume you know anything about me, because you don't. that statement is something LHUCKS would say.
My comment was not that you necessarily favor unions, but that you are either suspicious about owners of resources, or you are not aware of how the market system works. Frankly most people are that way, and it's natural: we relate to workers because we are also workers. I'm not here to start a fight. Just pointing out that you have a strong bias in favor of labor (even if not a labor union); it's self-evident from your comments.