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Wall Street Oasis » Forums » Monkeying Around
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It's all about the money...who knew?
 

happypantsmcgee's picture
happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 12/23/10 at 3:24pm
images-1.jpeg

I realize that this is a finance forum but, as has become my custom, I usually like to write about sports. To that end, if someone can explain to me how you suspend Terrelle Pryor for the first FIVE games of next season (knowing he could easily declare for the draft, thus negating the punishment entirely) but not suspend him for the actual bowl game that's just a few days away. I would say, call me crazy, that the only reason would be the loss of revenue for the bowl game organizers and the NCAA. I'm sure congress will form a committee a la the baseball steroids committee to investigate this. I think we've all discussed, and agreed that college athletes, are compensated just fine by way of their full scholarships, meal plans, etc.

Between events like this and the way the BCS stuff shakes out every year, I'm surprised we haven't seen any collusion lawsuits or the like. Any of you monkey's wanna chime in and explain to me how this isn't an obvious money grab on the part of the NCAA? I'd love to hear it.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
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Tags:
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Ben Shalom Bernanke's picture

I'd say 5 games is extreme

Ben Shalom Bernanke
      AM
 
 
(King Kong, 1,425
 
Points)
 on 12/23/10 at 1:51pm

I'd say 5 games is extreme any way. And you're telling me Cam Newton doesn't even get a slap on the wrist?

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happypantsmcgee's picture

Ben Shalom Bernanke

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 12/23/10 at 1:52pm
Ben Shalom Bernanke:

I'd say 5 games is extreme any way. And you're telling me Cam Newton doesn't even get a slap on the wrist?

Not a slap...he gets a trophy

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Frieds's picture

The difference between

Frieds
      AM
 
 
(Neanderthal, 2,530
 
Points)
 on 12/23/10 at 2:10pm

The difference between Newton's issue and the Buckeye's Suspended 5 is that it was proved that Newton actually was invovled in anything illegal, and that it was his parents that were trying to get the benefits despite being unsuccessful at it. Newton also had an investigation pending during the season that hung over the voting body's head about whether they could vote for him or not. This is an offseason violation that may be a bit more provable, and therefore, easier to punish.

Do I think 5 games is extreme? Well, hate towards the Buckeyes aside, I do think it's a bit absurd to suspend them for 5 games, particularly when you consider that none of those games will be a division game and one of those games is being played against a potentially ranked Miami team. OSU gets off easy in that respect, since they don't play any division games until mid-season. The loss of these 5 may hurt their ranking, but they won't hurt their chances to win their division. Consider that one and then look at the discussion of whether the punishment is fair that they have to sit out the first five games. So they can't win a national championship, but they can still sure as all hell take their place representing the Big Ten in the Big-5 Bowls.

Just sayin is all...

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happypantsmcgee's picture

It just blows my mind that he

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 12/23/10 at 2:19pm

It just blows my mind that he could even get in trouble for selling things that are totally and completely his. He owns them. Just because he got them by playing football doesn't mean he can't sell them or is my understanding of the word 'ownership' not correct. Seems a bit ridiculous.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Frieds's picture

This is one of the few cases

Frieds
      AM
 
 
(Neanderthal, 2,530
 
Points)
 on 12/23/10 at 2:36pm

This is one of the few cases where ownership is not the right way to describe things. While the 5 guys that were suspended did own what they sold, there are seperate laws governing the items they sold as it was stuff related to championships won/earned by the team versus their own non-NCAA Sanctioned property.

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TNA's picture

Wonderful how universities

TNA
      O
 
 
(Human, 13,543
 
Points)
 on 12/23/10 at 2:58pm

Wonderful how universities rake in the cash on these kids, but god forbid they try and make a dime. We all know football and basketball players are getting college degrees that will help them in life.

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derivstrading's picture

This is absolutely absurd.

derivstrading
      ST
 
 
(King Kong, 1,351
 
Points)
 on 12/23/10 at 3:14pm

This is absolutely absurd. BCS is a complete shamble, the Outback Bowl? wtf, honestly, i dont get excited at all for the college football bowl season because its just a major scam in the end.

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Ben Shalom Bernanke's picture

happypantsmcgee wrote: It

Ben Shalom Bernanke
      AM
 
 
(King Kong, 1,425
 
Points)
 on 12/23/10 at 3:36pm
happypantsmcgee:

It just blows my mind that he could even get in trouble for selling things that are totally and completely his. He owns them. Just because he got them by playing football doesn't mean he can't sell them or is my understanding of the word 'ownership' not correct. Seems a bit ridiculous.

Apparently they need to totally educate ALL student athletes on what they OWN and what they use from the university. If I had won a Big Ten Championship ring like Pryor, I would think it was mine as well. After all, they may have not even won the game without Pryor, so I'd say it's rightfully his, he earned it. Now the school is going to tell him what he can and can't do with it? Give me a break.

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mjames10's picture

The worst about the whole

mjames10
      ST
 
(Chimp, 14
 
Points)
 on 12/23/10 at 9:06pm

The worst about the whole situation isn't the fact that the players can't sell their things, it's the double standard that exists between schools, players, etc.

AJ Green- stud WR for UGA, suspended for the first 4 games (IIRC) of the 2010 season for selling a game-worn jersey after the investigation over the summer.

Terrelle Pryor and Co- suspended for the first 5 games next season, NOT the next game, which is the upcoming BCS Sugar Bowl against Arkansas.

'The NCAA did not suspend the players for Jan. 4 Sugar Bowl against the Razorbacks because they "did not receive adequate rules education during the time period the violations occurred."' -ESPN
This is the biggest load of bullspit I've ever heard. These "student-athletes" go to Ohio State, which has the largest athletic department in the country. I refuse to believe that these kids didn't know the rules with regards to selling their Big Ten Championship rings, jerseys, and other materials. Hell, most of these kids are going league after this season anyways.

This comes after the NCAA ruined the UNC football season by handing out suspensions ranging from a few games to indefinite suspensions. Complete BS.

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PossumBelly's picture

Extreme? This doesn't even

PossumBelly
      IB
 
 
(King Kong, 1,689
 
Points)
 on 12/23/10 at 10:12pm

Extreme? This doesn't even qualify as a slap on the wrist. You get to play in your huge bowl game, but we're going to make you sit out 5 games (which will be pointless when they bail to the NFL)...and those games are all against community colleges with the exception of the last one (Michigan state). If a non-AQ school had done this, at this time, you can be damn sure the players wouldn't be allowed to play in the bowl game. NCAA is a giant infected vagina, as usual.

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Virginia Tech 4ever's picture

Cartwright wrote: You get to

Virginia Tech 4ever
      EN
 
 
(Neanderthal, 2,319
 
Points)
 on 12/23/10 at 11:07pm
Cartwright:

You get to play in your huge bowl game, but we're going to make you sit out 5 games (which will be pointless when they bail to the NFL)...and those games are all against community colleges with the exception of the last one (Michigan state).

Miami a "community college"? LOL. My how the mighty have fallen. Da U!

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SAC's picture

derivstrading wrote: This is

SAC
      HF
 
(King Kong, 1,171
 
Points)
 on 12/24/10 at 12:20am
derivstrading:

This is absolutely absurd. BCS is a complete shamble, the Outback Bowl? wtf, honestly, i dont get excited at all for the college football bowl season because its just a major scam in the end.

Echoes my thoughts. Its a seriously inefficient system.

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Bravo's picture

....If the NCAA wants to

Bravo
      HF
 
 
(Orangutan, 261
 
Points)
 on 12/24/10 at 2:03am

....If the NCAA wants to throw stones they should of been suspended for the bowl game.

Now on the reason for the suspension I agree with it from a student/athelete perspective. You must look at it from the booster side of things. Lets say I'm a booster and I ask Pryor how much will it cost for you stay a Buckeye for one more season and he tells me $300K. Before Pryor can blink I fill out the check and pass it to him and tell him this $300k is for your Big-Ten ring (wink, wink). The ring is probably worth $1,500 at the most. Lets be honest the ring belongs to Pryor not Vince Lombardi...it's worthless. I just found a loop hole and paid a player to play a sport. That's what the NCAA is trying to avoid.

Blame the Buckeyes for not passing out *warning* flyers during the ring ceremony stating you can't sell your stuff.

Please don't make me talk to you like an asshole...

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Kenny_Powers_CFA's picture

mjames10 wrote: 'The NCAA did

Kenny_Powers_CFA
      HF
 
 
(Neanderthal, 2,194
 
Points)
 on 12/24/10 at 5:10pm
mjames10:

'The NCAA did not suspend the players for Jan. 4 Sugar Bowl against the Razorbacks because they "did not receive adequate rules education during the time period the violations occurred."' -ESPN
This is the biggest load of bullspit I've ever heard. These "student-athletes" go to Ohio State, which has the largest athletic department in the country. I refuse to believe that these kids didn't know the rules with regards to selling their Big Ten Championship rings, jerseys, and other materials. Hell, most of these kids are going league after this season anyways.

i went to a school with a huge athletics department and athletes, especially football players, were ABSOLUTELY aware of the fact that they couldn't sell anything they received free from the program. I tried to buy a team-issue winter cap from a member of the soccer team for $10 to give to my brother for Christmas, and he knew he couldn't do that.

I also disagree that schools owe more to their football players than a scholarship and the various allowable benefits (which exist and are significant) because they make money off the programs (many lower-profile schools don't, by the way).

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

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MP80's picture

The NCAA reason for not

MP80
      O
 
(Baboon, 103
 
Points)
 on 12/24/10 at 5:38pm

The NCAA reason for not suspending them for the Sugar Bowl is without a doubt one of the stupidest reasons I've ever heard. If the players broke the rules (which is pretty clear regardless of the merit of the rules) then how are they not suspended effective immediately?
This just goes to show what a program of thugs Tressel is running down in Columbus and I hope for nothing but bad things follow Pryor and the rest of those scumbags at THE Tattoo University

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happypantsmcgee's picture

He should have given the

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 12/24/10 at 5:39pm
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If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Otter.'s picture

Cartwright wrote: Extreme?

Otter.
      CD
 
 
(Gorilla, 556
 
Points)
 on 1/6/11 at 9:00am

Hi, Eric Stratton, rush chairman, damn glad to meet you.

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happypantsmcgee's picture

Otter. wrote: Cartwright

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 1/6/11 at 9:03am

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Frieds's picture

Look, their suspension should

Frieds
      AM
 
 
(Neanderthal, 2,530
 
Points)
 on 1/6/11 at 10:43am
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Virginia Tech 4ever's picture

I know we got our asses

Virginia Tech 4ever
      EN
 
 
(Neanderthal, 2,319
 
Points)
 on 1/6/11 at 11:30am
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Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

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  • Similar to the Anatomy of a 10-K thread I was hoping someone could walk us through how they dissect CA and indentures and explain what parts are most important and/or relevant when looking to...
    Anatomy of a Credit Agreement and a Bond Indenture?
  • Macquarie, after cutting bonuses for many of the analysts has now cut Seamless allowance. Crossed the line, guys. “Macquarie is making further cuts to analysts. Weekend Seamless is now $25/day, cut from $40. All analysts are trying to leave. Morale is extremely...
    Bonus cuts are one thing, but now Seamless cuts?
  • Was curious if anyone has any idea what National Sales group does at BB PWM. Obviously it involves sales, but how do BB National sales groups stand out from different more regional teams within the BB PWM groups. Anyone have any experience with these types of...
    Group placement
  • I am curious about which one is better. I'm a first generation for college and I can't decide whether I should go to a target like Ross and end up with a 3.2 GPA or go to an easier college like OSU and get a 3.8/4.0 GPA. My goal isn't necessarily to get an IBD position straight out...
    Non-target with 3.8/4.0 GPA vs target with 3.2 GPA
  • Hi, this is my first post. I am looking for a new suit and after doing some research on styleforum.net, it seems that SuitSupply is my best bet. I really like the Washington fit they offered for its high rise and slim cut pant. However, since there aren't that many options, I am wondering...
    Are these suits appropriate for SA?
  • It is called "Brocair Partners" and it is in Midtown NYC... They cover the Healthcare sector and have deal size ranging from 30 - 250 Million. So they seem pretty good in regards to size, and have decent deal flow as well. Also have a lot of international exposure and overseas deals, so...
    Has anyone heard of this Boutique?
  • I'm working at a smaller MM investment bank in a relatively smaller city (not NY, Chicago, LA, SF, and the like). About 6 weeks ago, I received an email saying that I had an offer to intern at the bank as a summer ibanking analyst, and the MD just wanted me to respond back stating that I would...
    Background check
  • I thought I would help out the WSO RE community a little bit. If your in RE then you know who Hines is. Anyways they have a position open for their Irvine, CA office. I don't work for Hines, but I dealt with them before. You guys can go ahead and apply online, don't send me a resume. Just...
    Hines Analyst Position Is Open, Apply Here
  • Recently the site hasn't been properly displaying quotes within quotes when there are about 3 levels or more. Here is an...
    Quoting Bug
  • My original plan was to write a series about starting my eccomerce business; going through the process of finding a market, a product and funding. I still plan to do this, but I would like to talk about something that is far more pressing to me: IP...
    Entrepreneurship and patent lawsuits
  • Alright let's break up the finance monotony for a bit. I'm looking for opinions regarding the best MBA programs for someone hoping to go into marketing management and strategy (basically, looking for anything that will put me on a good path to a CMO/VPMarketing position down the...
    Best MBA programs for Marketing/Strategy
  • I propose we change the name of this forum because I do not think consulting is "consulting" in its traditional sense especially not in the industry that I have experienced in the last 4...
    My Journey Into Consulting: "Be Careful What You Ask For"
  • As a freshman in NYU CAS and a prospective Econ/Math double major (not joint major), I sent an application to LSE for their Econ program, to which I got accepted. I would hopefully like to get an internship in Consulting or IB within the next two years. Do you think going to LSE would make a...
    NYU CAS or LSE for Econ B.A.?
  • Hi, Does anyone have any tips on best way to Linkedin network into a Consulting role without upsetting the current boss? My background is CIMA qualified industry professional. Not sure of the best way to strategise the networking and attract attention from the hiring managers of big 4 consulting...
    Advice re Strategic/Effecient Linkedin neworking - London based
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I was writing an email to a fellow monkey who is about to start as a banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the Moelis/Houlihan/Evercore type firms (I call them the firms where most people will...
15 things I wish I knew as a first year banking analyst
I get a ton of emails and answer a ton of posts asking similar questions so I thought I would answer the most common ones I get here and allow others to post their questions so everyone can see them and the subsequent answers. Hope this helps. <strong>Summer Analyst...
MSF Question and Answer
Inspired by comments from this: http://www.wallstreetoasis.com/forums/basic-guide-ramping-up-on-a-company-with-public-information-part-1-of-3 Lets just jump in. <strong>Technology:</strong> In this space there are really two metrics that matter the most, sales growth and EPS...
Beginners Guide to Valuation and Metrics By Sector
I work as a currency volatility trader and manage one of the bigger G10 blocs in London. I've been lucky enough to get responsibility early in my career. I started off managing a single currency book a few months into the job, and have steadily been granted more responsibility to where I am...
Ask Me Anything: I'm a Currency Volatility Trader
I'm currently a Private Equity Analyst in Shanghai, China. Academically, I graduated from a target school majoring in Economics and Chinese. I also spent my time at college as the president of an on-campus student organization related to Finance and Economics and a volunteer for a local...
Ask me anything… I'm a Private Equity Analyst in Shanghai
<em>Mod note: Best of Bankerella - this was originally posted 10/1/12</em> I occasionally get PMed by people at colleges I’ve never heard of before, asking if they have a shot at IBD. Folks, why IBD? The finance world is broad and varied, and there are a million ways to...
My Biggest Career Mistake to Date: Prestige
For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release,...
A Perfect Storm
I work as a long/short equity analyst at a large hedge fund. I've been lucky enough to be more than just a model monkey early on in my career, but have also been exposed to the stress of being measured on returns. I primarily cover consumer and TMT names. I went the typical path (target...
I'm a Hedge Fund Analyst - Ask Me Anything
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
This is just fantastic. After sitting through Carl Levin and John McCain spewing a bunch of nonsense about how Apple doesn't pay enough taxes (despite being the #3 taxpaying company in America behind ExxonMobil and Chevron), Rand Paul lit them up about what a travesty it was to blame Apple...
Rand Paul GOES OFF at Apple Hearing
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