Comments on: The Business of Professional Sports Coaches’ Pay http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/ Saving, Earning, and Investing Money Sat, 21 Nov 2009 00:22:17 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Laura http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/comment-page-1/#comment-16723 Laura Fri, 19 Oct 2007 13:32:40 +0000 http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/#comment-16723 I don't see Torre as CEO. He's more like VP of Product Development. I think a financial penelty would be appropriate in this situatuion. But my point is moot after seeing the news today. :D I don’t see Torre as CEO. He’s more like VP of Product Development. I think a financial penelty would be appropriate in this situatuion. But my point is moot after seeing the news today. :D

]]> By: Writers Coin http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/comment-page-1/#comment-16712 Writers Coin Fri, 19 Oct 2007 12:04:57 +0000 http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/#comment-16712 I was just discussing this with a coworker the other day and it hit me: why don't teams punish managers by lowering their salary instead of firing them? I mean, in this case, it was the perfect thing to do. You retain the manager that keeps this team glued together, you slap him on the wrist for not winning (even though it's obviously not his fault), and you keep Mariano Rivera and Jorge Posada from jumping ship. And it looks like that was the idea, but the wild card is Steinbrenner's crazy antics, and Torre was through with all the ultimatums. I say well done Joe! I was just discussing this with a coworker the other day and it hit me: why don’t teams punish managers by lowering their salary instead of firing them? I mean, in this case, it was the perfect thing to do. You retain the manager that keeps this team glued together, you slap him on the wrist for not winning (even though it’s obviously not his fault), and you keep Mariano Rivera and Jorge Posada from jumping ship.

And it looks like that was the idea, but the wild card is Steinbrenner’s crazy antics, and Torre was through with all the ultimatums.

I say well done Joe!

]]> By: Foobarista http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/comment-page-1/#comment-16700 Foobarista Fri, 19 Oct 2007 08:38:21 +0000 http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/#comment-16700 If Torre's like anything, he's more like a dean in an academic department than a CEO. Deans are often paid a lot less than the department's rockstar professors, and a dean's job is to help a bit with recruiting and hiring, do the bureaucratic work, and otherwise stay out of the way of a group of high-performing people, often with massive and clashing egos. A baseball manager obviously does more actual management than a dean, but otherwise it's a closer analogy than a CEO. If Torre’s like anything, he’s more like a dean in an academic department than a CEO. Deans are often paid a lot less than the department’s rockstar professors, and a dean’s job is to help a bit with recruiting and hiring, do the bureaucratic work, and otherwise stay out of the way of a group of high-performing people, often with massive and clashing egos.

A baseball manager obviously does more actual management than a dean, but otherwise it’s a closer analogy than a CEO.

]]> By: Brip Blap http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/comment-page-1/#comment-16672 Brip Blap Fri, 19 Oct 2007 02:19:50 +0000 http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/#comment-16672 Torre's more like senior management, or even middle management. He can decide which employees to put on his project teams, but can't really hire employees on his own. Like Patrick said, Cashman was hardly a CEO and isn't today, either - obviously Steinbrenner is the Chairman/CEO. The Yankees' payroll is out of control (as is Boston's) - it's such a warped model that it's barely comparable to other sports at this point let alone "real" Americans... Torre’s more like senior management, or even middle management. He can decide which employees to put on his project teams, but can’t really hire employees on his own. Like Patrick said, Cashman was hardly a CEO and isn’t today, either – obviously Steinbrenner is the Chairman/CEO.

The Yankees’ payroll is out of control (as is Boston’s) – it’s such a warped model that it’s barely comparable to other sports at this point let alone “real” Americans…

]]> By: thisisbeth http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/comment-page-1/#comment-16671 thisisbeth Fri, 19 Oct 2007 02:15:01 +0000 http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/#comment-16671 The problem with comparing Torre's salary to the Yankees average is that a few of the Yankees players make significantly more than Torre--it's just the few that make the minimum that bring the average down to below Torre's. The problem with comparing Torre’s salary to the Yankees average is that a few of the Yankees players make significantly more than Torre–it’s just the few that make the minimum that bring the average down to below Torre’s.

]]> By: Patrick http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/comment-page-1/#comment-16668 Patrick Fri, 19 Oct 2007 01:39:23 +0000 http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/#comment-16668 I don't think you can compare Torre to a CEO. Heck, Cashman didn't even come close to that until the last time he renegotiated his contract and told Steinbrenner to butt out. I think an MLB manager equates to an mid/upper level manager because they have their hands fully entrenched in the day to day performance. Salary-wise, I would compare Torre to either other MLB managers, or other managers/head coaches in other professions. Comparing him to players is not comparing the same thing. I don’t think you can compare Torre to a CEO. Heck, Cashman didn’t even come close to that until the last time he renegotiated his contract and told Steinbrenner to butt out. I think an MLB manager equates to an mid/upper level manager because they have their hands fully entrenched in the day to day performance.

Salary-wise, I would compare Torre to either other MLB managers, or other managers/head coaches in other professions. Comparing him to players is not comparing the same thing.

]]> By: Marc B. http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/comment-page-1/#comment-16647 Marc B. Thu, 18 Oct 2007 19:27:57 +0000 http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/#comment-16647 Nate Silver (of Baseball Prospectus) had a good take on Joe Torre's compensation last week: http://www.baseballprospectus.com/unfiltered/?p=585 - he compared Torre's salary vs. the salary of managers/coaches in other sports. Nate Silver (of Baseball Prospectus) had a good take on Joe Torre’s compensation last week: http://www.baseballprospectus.com/unfiltered/?p=585 – he compared Torre’s salary vs. the salary of managers/coaches in other sports.

]]> By: dong http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/comment-page-1/#comment-16637 dong Thu, 18 Oct 2007 17:28:34 +0000 http://www.lazymanandmoney.com/the-business-of-professional-sports-coaches-pay/#comment-16637 I think comparing the players to average employees is really kind ridiculous. The players are the product. I think comparing the players to average employees is really kind ridiculous. The players are the product.

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