alt.sports.football.pro.ny-jets
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Today's topics:
* Sort of OT: MSG Can Pay Lebron The most without circumventing the cap - 12
messages, 3 authors
http://groups.google.com/group/alt.sports.football.pro.ny-jets/t/f1f43203fcee2312?hl=en
* #10 - 1 messages, 1 author
http://groups.google.com/group/alt.sports.football.pro.ny-jets/t/ede1badb1ff32079?hl=en
* Gulp... head-scratcher becoming a chronic problem? - 1 messages, 1 author
http://groups.google.com/group/alt.sports.football.pro.ny-jets/t/b38eb7de57ab296b?hl=en
==============================================================================
TOPIC: Sort of OT: MSG Can Pay Lebron The most without circumventing the cap
http://groups.google.com/group/alt.sports.football.pro.ny-jets/t/f1f43203fcee2312?hl=en
==============================================================================
== 1 of 12 ==
Date: Thurs, May 20 2010 10:05 am
From: Glenn Greenstein
On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
> Glenn Greenstein wrote:
> > On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
> >> Glenn Greenstein wrote:
> >>> There was a really short article in Forbes about how LeBron will be a
> >>> NY Knick because MSG as of last January can offer Lebron something
> >>> that no other NBA team can, the right to purchase stock options as an
> >>> employee of MSG. This actually makes the Knicks the team that can
> >>> offer him the biggest payout in a combo of salary and stock.
> >>> I am wondering if this can be done with the Jets. All woody has to do
> >>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
> >>> off. It's exactly what Cablevision did with MSG. This allows players
> >>> to use their own money to purchase discounted shares in the NY Jets
> >>> and sell them at a profit at a later date as a stock option. It
> >>> wouldn't be circumventing the cap because we are not paying the
> >>> player, he is just using his money to buy stock in something that can
> >>> increase because of their star power.
> >> Glenn, the NFL will never allow an NFL team to be owned by a public
> >> company. The last thing they want is financial scrutiny or a situation
> >> like the Packers that although quaint, doesn't allow them to ever be
> >> marketed.
>
> > John, they can't do that, it isn't legal. They would get slapped with
> > an anti-trust lawsuit. They may come up with a different reason to
> > reject them but being a public company isn't one they can use.
>
> Doesn't really matter. It would still violate the salary cap, and
> probably the union rules. The only reason the NBA is apparently
> allowing it is because they choose to. The NFL owners are holding firm
> to this salary cap thing, even in the absence of one.
Mark, you are 100% wrong. The player is investing his own money, he
isn't being gifted the stock options, he has to buy them just like you
or I would. Being a company employee give you access to better deals
than the general public. It is also a risk. i know people who worked
20 years for companies and had a lot of money in stock options that
were worthless when they retired becuase the companies stock had
tanked so it's not even a sure thing.
== 2 of 12 ==
Date: Thurs, May 20 2010 10:25 am
From: MZ
Glenn Greenstein wrote:
> On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
>> Glenn Greenstein wrote:
>>> On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
>>>> Glenn Greenstein wrote:
>>>>> There was a really short article in Forbes about how LeBron will be a
>>>>> NY Knick because MSG as of last January can offer Lebron something
>>>>> that no other NBA team can, the right to purchase stock options as an
>>>>> employee of MSG. This actually makes the Knicks the team that can
>>>>> offer him the biggest payout in a combo of salary and stock.
>>>>> I am wondering if this can be done with the Jets. All woody has to do
>>>>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
>>>>> off. It's exactly what Cablevision did with MSG. This allows players
>>>>> to use their own money to purchase discounted shares in the NY Jets
>>>>> and sell them at a profit at a later date as a stock option. It
>>>>> wouldn't be circumventing the cap because we are not paying the
>>>>> player, he is just using his money to buy stock in something that can
>>>>> increase because of their star power.
>>>> Glenn, the NFL will never allow an NFL team to be owned by a public
>>>> company. The last thing they want is financial scrutiny or a situation
>>>> like the Packers that although quaint, doesn't allow them to ever be
>>>> marketed.
>>> John, they can't do that, it isn't legal. They would get slapped with
>>> an anti-trust lawsuit. They may come up with a different reason to
>>> reject them but being a public company isn't one they can use.
>> Doesn't really matter. It would still violate the salary cap, and
>> probably the union rules. The only reason the NBA is apparently
>> allowing it is because they choose to. The NFL owners are holding firm
>> to this salary cap thing, even in the absence of one.
>
> Mark, you are 100% wrong. The player is investing his own money, he
> isn't being gifted the stock options, he has to buy them just like you
> or I would. Being a company employee give you access to better deals
> than the general public. It is also a risk. i know people who worked
> 20 years for companies and had a lot of money in stock options that
> were worthless when they retired becuase the companies stock had
> tanked so it's not even a sure thing.
He's being gifted a discount, Glenn. It would be illegal if he was an
NCAA athlete. The NFL can (and I'm sure HAS) made it illegal too.
== 3 of 12 ==
Date: Thurs, May 20 2010 10:59 am
From: Glenn Greenstein
On May 20, 1:25 pm, MZ <m...@nospam.void> wrote:
> Glenn Greenstein wrote:
> > On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
> >> Glenn Greenstein wrote:
> >>> On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
> >>>> Glenn Greenstein wrote:
> >>>>> There was a really short article in Forbes about how LeBron will be a
> >>>>> NY Knick because MSG as of last January can offer Lebron something
> >>>>> that no other NBA team can, the right to purchase stock options as an
> >>>>> employee of MSG. This actually makes the Knicks the team that can
> >>>>> offer him the biggest payout in a combo of salary and stock.
> >>>>> I am wondering if this can be done with the Jets. All woody has to do
> >>>>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
> >>>>> off. It's exactly what Cablevision did with MSG. This allows players
> >>>>> to use their own money to purchase discounted shares in the NY Jets
> >>>>> and sell them at a profit at a later date as a stock option. It
> >>>>> wouldn't be circumventing the cap because we are not paying the
> >>>>> player, he is just using his money to buy stock in something that can
> >>>>> increase because of their star power.
> >>>> Glenn, the NFL will never allow an NFL team to be owned by a public
> >>>> company. The last thing they want is financial scrutiny or a situation
> >>>> like the Packers that although quaint, doesn't allow them to ever be
> >>>> marketed.
> >>> John, they can't do that, it isn't legal. They would get slapped with
> >>> an anti-trust lawsuit. They may come up with a different reason to
> >>> reject them but being a public company isn't one they can use.
> >> Doesn't really matter. It would still violate the salary cap, and
> >> probably the union rules. The only reason the NBA is apparently
> >> allowing it is because they choose to. The NFL owners are holding firm
> >> to this salary cap thing, even in the absence of one.
>
> > Mark, you are 100% wrong. The player is investing his own money, he
> > isn't being gifted the stock options, he has to buy them just like you
> > or I would. Being a company employee give you access to better deals
> > than the general public. It is also a risk. i know people who worked
> > 20 years for companies and had a lot of money in stock options that
> > were worthless when they retired becuase the companies stock had
> > tanked so it's not even a sure thing.
>
> He's being gifted a discount, Glenn. It would be illegal if he was an
> NCAA athlete. The NFL can (and I'm sure HAS) made it illegal too.
Mark, you really have no idea what your talking about. I can introduce
you to about 5 different people who work for public companies and were
given exactly what you are saying is not allowed and it is no secret
they get these deals, the whole company knows it. Hell, a cashier at
Wal Mart can get a similar deal.
== 4 of 12 ==
Date: Thurs, May 20 2010 11:07 am
From: "Ray OHara"
"Glenn Greenstein" <lexa695@hotmail.com> wrote in message
news:249ce4de-30bc-4288-994c-
Mark, you really have no idea what your talking about. I can introduce
you to about 5 different people who work for public companies and were
given exactly what you are saying is not allowed and it is no secret
they get these deals, the whole company knows it. Hell, a cashier at
Wal Mart can get a similar deal.
========================================================================
stock options aside, just being in NYC brings personal marketing/endorsement
opportunities worth millions.
== 5 of 12 ==
Date: Thurs, May 20 2010 11:28 am
From: MZ
Glenn Greenstein wrote:
> On May 20, 1:25 pm, MZ <m...@nospam.void> wrote:
>> Glenn Greenstein wrote:
>>> On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
>>>> Glenn Greenstein wrote:
>>>>> On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
>>>>>> Glenn Greenstein wrote:
>>>>>>> There was a really short article in Forbes about how LeBron will be a
>>>>>>> NY Knick because MSG as of last January can offer Lebron something
>>>>>>> that no other NBA team can, the right to purchase stock options as an
>>>>>>> employee of MSG. This actually makes the Knicks the team that can
>>>>>>> offer him the biggest payout in a combo of salary and stock.
>>>>>>> I am wondering if this can be done with the Jets. All woody has to do
>>>>>>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
>>>>>>> off. It's exactly what Cablevision did with MSG. This allows players
>>>>>>> to use their own money to purchase discounted shares in the NY Jets
>>>>>>> and sell them at a profit at a later date as a stock option. It
>>>>>>> wouldn't be circumventing the cap because we are not paying the
>>>>>>> player, he is just using his money to buy stock in something that can
>>>>>>> increase because of their star power.
>>>>>> Glenn, the NFL will never allow an NFL team to be owned by a public
>>>>>> company. The last thing they want is financial scrutiny or a situation
>>>>>> like the Packers that although quaint, doesn't allow them to ever be
>>>>>> marketed.
>>>>> John, they can't do that, it isn't legal. They would get slapped with
>>>>> an anti-trust lawsuit. They may come up with a different reason to
>>>>> reject them but being a public company isn't one they can use.
>>>> Doesn't really matter. It would still violate the salary cap, and
>>>> probably the union rules. The only reason the NBA is apparently
>>>> allowing it is because they choose to. The NFL owners are holding firm
>>>> to this salary cap thing, even in the absence of one.
>>> Mark, you are 100% wrong. The player is investing his own money, he
>>> isn't being gifted the stock options, he has to buy them just like you
>>> or I would. Being a company employee give you access to better deals
>>> than the general public. It is also a risk. i know people who worked
>>> 20 years for companies and had a lot of money in stock options that
>>> were worthless when they retired becuase the companies stock had
>>> tanked so it's not even a sure thing.
>> He's being gifted a discount, Glenn. It would be illegal if he was an
>> NCAA athlete. The NFL can (and I'm sure HAS) made it illegal too.
>
> Mark, you really have no idea what your talking about. I can introduce
> you to about 5 different people who work for public companies and were
> given exactly what you are saying is not allowed and it is no secret
> they get these deals, the whole company knows it. Hell, a cashier at
> Wal Mart can get a similar deal.
Well, then apparently 32 teams in the league also don't know what
they're talking about. Usenet brilliance hasn't been translated into
reality.
== 6 of 12 ==
Date: Thurs, May 20 2010 11:29 am
From: MZ
Glenn Greenstein wrote:
> On May 20, 1:25 pm, MZ <m...@nospam.void> wrote:
>> Glenn Greenstein wrote:
>>> On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
>>>> Glenn Greenstein wrote:
>>>>> On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
>>>>>> Glenn Greenstein wrote:
>>>>>>> There was a really short article in Forbes about how LeBron will be a
>>>>>>> NY Knick because MSG as of last January can offer Lebron something
>>>>>>> that no other NBA team can, the right to purchase stock options as an
>>>>>>> employee of MSG. This actually makes the Knicks the team that can
>>>>>>> offer him the biggest payout in a combo of salary and stock.
>>>>>>> I am wondering if this can be done with the Jets. All woody has to do
>>>>>>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
>>>>>>> off. It's exactly what Cablevision did with MSG. This allows players
>>>>>>> to use their own money to purchase discounted shares in the NY Jets
>>>>>>> and sell them at a profit at a later date as a stock option. It
>>>>>>> wouldn't be circumventing the cap because we are not paying the
>>>>>>> player, he is just using his money to buy stock in something that can
>>>>>>> increase because of their star power.
>>>>>> Glenn, the NFL will never allow an NFL team to be owned by a public
>>>>>> company. The last thing they want is financial scrutiny or a situation
>>>>>> like the Packers that although quaint, doesn't allow them to ever be
>>>>>> marketed.
>>>>> John, they can't do that, it isn't legal. They would get slapped with
>>>>> an anti-trust lawsuit. They may come up with a different reason to
>>>>> reject them but being a public company isn't one they can use.
>>>> Doesn't really matter. It would still violate the salary cap, and
>>>> probably the union rules. The only reason the NBA is apparently
>>>> allowing it is because they choose to. The NFL owners are holding firm
>>>> to this salary cap thing, even in the absence of one.
>>> Mark, you are 100% wrong. The player is investing his own money, he
>>> isn't being gifted the stock options, he has to buy them just like you
>>> or I would. Being a company employee give you access to better deals
>>> than the general public. It is also a risk. i know people who worked
>>> 20 years for companies and had a lot of money in stock options that
>>> were worthless when they retired becuase the companies stock had
>>> tanked so it's not even a sure thing.
>> He's being gifted a discount, Glenn. It would be illegal if he was an
>> NCAA athlete. The NFL can (and I'm sure HAS) made it illegal too.
>
> Mark, you really have no idea what your talking about. I can introduce
> you to about 5 different people who work for public companies and were
> given exactly what you are saying is not allowed and it is no secret
> they get these deals, the whole company knows it. Hell, a cashier at
> Wal Mart can get a similar deal.
I think you're confusing my use of the word "illegal". I thought it was
clear that I was talking about against NCAA & NFL regulations, not US law.
== 7 of 12 ==
Date: Thurs, May 20 2010 11:39 am
From: Glenn Greenstein
On May 20, 2:28 pm, MZ <m...@nospam.void> wrote:
> Glenn Greenstein wrote:
> > On May 20, 1:25 pm, MZ <m...@nospam.void> wrote:
> >> Glenn Greenstein wrote:
> >>> On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
> >>>> Glenn Greenstein wrote:
> >>>>> On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
> >>>>>> Glenn Greenstein wrote:
> >>>>>>> There was a really short article in Forbes about how LeBron will be a
> >>>>>>> NY Knick because MSG as of last January can offer Lebron something
> >>>>>>> that no other NBA team can, the right to purchase stock options as an
> >>>>>>> employee of MSG. This actually makes the Knicks the team that can
> >>>>>>> offer him the biggest payout in a combo of salary and stock.
> >>>>>>> I am wondering if this can be done with the Jets. All woody has to do
> >>>>>>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
> >>>>>>> off. It's exactly what Cablevision did with MSG. This allows players
> >>>>>>> to use their own money to purchase discounted shares in the NY Jets
> >>>>>>> and sell them at a profit at a later date as a stock option. It
> >>>>>>> wouldn't be circumventing the cap because we are not paying the
> >>>>>>> player, he is just using his money to buy stock in something that can
> >>>>>>> increase because of their star power.
> >>>>>> Glenn, the NFL will never allow an NFL team to be owned by a public
> >>>>>> company. The last thing they want is financial scrutiny or a situation
> >>>>>> like the Packers that although quaint, doesn't allow them to ever be
> >>>>>> marketed.
> >>>>> John, they can't do that, it isn't legal. They would get slapped with
> >>>>> an anti-trust lawsuit. They may come up with a different reason to
> >>>>> reject them but being a public company isn't one they can use.
> >>>> Doesn't really matter. It would still violate the salary cap, and
> >>>> probably the union rules. The only reason the NBA is apparently
> >>>> allowing it is because they choose to. The NFL owners are holding firm
> >>>> to this salary cap thing, even in the absence of one.
> >>> Mark, you are 100% wrong. The player is investing his own money, he
> >>> isn't being gifted the stock options, he has to buy them just like you
> >>> or I would. Being a company employee give you access to better deals
> >>> than the general public. It is also a risk. i know people who worked
> >>> 20 years for companies and had a lot of money in stock options that
> >>> were worthless when they retired becuase the companies stock had
> >>> tanked so it's not even a sure thing.
> >> He's being gifted a discount, Glenn. It would be illegal if he was an
> >> NCAA athlete. The NFL can (and I'm sure HAS) made it illegal too.
>
> > Mark, you really have no idea what your talking about. I can introduce
> > you to about 5 different people who work for public companies and were
> > given exactly what you are saying is not allowed and it is no secret
> > they get these deals, the whole company knows it. Hell, a cashier at
> > Wal Mart can get a similar deal.
>
> Well, then apparently 32 teams in the league also don't know what
> they're talking about. Usenet brilliance hasn't been translated into
> reality.
Mark, Woody owns a public company just as Dolan does. Woody can do
what cablevision did. He can buy the Jets through Johnson and Johnson
just as Cablevision bought MSG among other things like Blockbuster and
Radio City and then spin them off as a separately traded companies.
There is nothing illegal about any of this. If there is another owner
who owns a public company he can do the same thing but Woody is the
only one I know of, that's why not every team can do this. Maybe
Snyder can do it, not sure where he made his money.
== 8 of 12 ==
Date: Thurs, May 20 2010 11:42 am
From: Glenn Greenstein
On May 20, 2:29 pm, MZ <m...@nospam.void> wrote:
> Glenn Greenstein wrote:
> > On May 20, 1:25 pm, MZ <m...@nospam.void> wrote:
> >> Glenn Greenstein wrote:
> >>> On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
> >>>> Glenn Greenstein wrote:
> >>>>> On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
> >>>>>> Glenn Greenstein wrote:
> >>>>>>> There was a really short article in Forbes about how LeBron will be a
> >>>>>>> NY Knick because MSG as of last January can offer Lebron something
> >>>>>>> that no other NBA team can, the right to purchase stock options as an
> >>>>>>> employee of MSG. This actually makes the Knicks the team that can
> >>>>>>> offer him the biggest payout in a combo of salary and stock.
> >>>>>>> I am wondering if this can be done with the Jets. All woody has to do
> >>>>>>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
> >>>>>>> off. It's exactly what Cablevision did with MSG. This allows players
> >>>>>>> to use their own money to purchase discounted shares in the NY Jets
> >>>>>>> and sell them at a profit at a later date as a stock option. It
> >>>>>>> wouldn't be circumventing the cap because we are not paying the
> >>>>>>> player, he is just using his money to buy stock in something that can
> >>>>>>> increase because of their star power.
> >>>>>> Glenn, the NFL will never allow an NFL team to be owned by a public
> >>>>>> company. The last thing they want is financial scrutiny or a situation
> >>>>>> like the Packers that although quaint, doesn't allow them to ever be
> >>>>>> marketed.
> >>>>> John, they can't do that, it isn't legal. They would get slapped with
> >>>>> an anti-trust lawsuit. They may come up with a different reason to
> >>>>> reject them but being a public company isn't one they can use.
> >>>> Doesn't really matter. It would still violate the salary cap, and
> >>>> probably the union rules. The only reason the NBA is apparently
> >>>> allowing it is because they choose to. The NFL owners are holding firm
> >>>> to this salary cap thing, even in the absence of one.
> >>> Mark, you are 100% wrong. The player is investing his own money, he
> >>> isn't being gifted the stock options, he has to buy them just like you
> >>> or I would. Being a company employee give you access to better deals
> >>> than the general public. It is also a risk. i know people who worked
> >>> 20 years for companies and had a lot of money in stock options that
> >>> were worthless when they retired becuase the companies stock had
> >>> tanked so it's not even a sure thing.
> >> He's being gifted a discount, Glenn. It would be illegal if he was an
> >> NCAA athlete. The NFL can (and I'm sure HAS) made it illegal too.
>
> > Mark, you really have no idea what your talking about. I can introduce
> > you to about 5 different people who work for public companies and were
> > given exactly what you are saying is not allowed and it is no secret
> > they get these deals, the whole company knows it. Hell, a cashier at
> > Wal Mart can get a similar deal.
>
> I think you're confusing my use of the word "illegal". I thought it was
> clear that I was talking about against NCAA & NFL regulations, not US law.
First off an NCAA player can't even work in a grocery store let alone
get stock options so there is no argument there. What rule or
regulation does a player break when he is buying stock options that
are offered to him in the same manner as they are offered to thousands
of people that work for public companies.
Please be specific.
And bte, the NBA cap is far more complex the the NFL one so if it
works there I am pretty sure it works in the NFL.
== 9 of 12 ==
Date: Thurs, May 20 2010 12:19 pm
From: MZ
Glenn Greenstein wrote:
> On May 20, 2:29 pm, MZ <m...@nospam.void> wrote:
>> Glenn Greenstein wrote:
>>> On May 20, 1:25 pm, MZ <m...@nospam.void> wrote:
>>>> Glenn Greenstein wrote:
>>>>> On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
>>>>>> Glenn Greenstein wrote:
>>>>>>> On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
>>>>>>>> Glenn Greenstein wrote:
>>>>>>>>> There was a really short article in Forbes about how LeBron will be a
>>>>>>>>> NY Knick because MSG as of last January can offer Lebron something
>>>>>>>>> that no other NBA team can, the right to purchase stock options as an
>>>>>>>>> employee of MSG. This actually makes the Knicks the team that can
>>>>>>>>> offer him the biggest payout in a combo of salary and stock.
>>>>>>>>> I am wondering if this can be done with the Jets. All woody has to do
>>>>>>>>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
>>>>>>>>> off. It's exactly what Cablevision did with MSG. This allows players
>>>>>>>>> to use their own money to purchase discounted shares in the NY Jets
>>>>>>>>> and sell them at a profit at a later date as a stock option. It
>>>>>>>>> wouldn't be circumventing the cap because we are not paying the
>>>>>>>>> player, he is just using his money to buy stock in something that can
>>>>>>>>> increase because of their star power.
>>>>>>>> Glenn, the NFL will never allow an NFL team to be owned by a public
>>>>>>>> company. The last thing they want is financial scrutiny or a situation
>>>>>>>> like the Packers that although quaint, doesn't allow them to ever be
>>>>>>>> marketed.
>>>>>>> John, they can't do that, it isn't legal. They would get slapped with
>>>>>>> an anti-trust lawsuit. They may come up with a different reason to
>>>>>>> reject them but being a public company isn't one they can use.
>>>>>> Doesn't really matter. It would still violate the salary cap, and
>>>>>> probably the union rules. The only reason the NBA is apparently
>>>>>> allowing it is because they choose to. The NFL owners are holding firm
>>>>>> to this salary cap thing, even in the absence of one.
>>>>> Mark, you are 100% wrong. The player is investing his own money, he
>>>>> isn't being gifted the stock options, he has to buy them just like you
>>>>> or I would. Being a company employee give you access to better deals
>>>>> than the general public. It is also a risk. i know people who worked
>>>>> 20 years for companies and had a lot of money in stock options that
>>>>> were worthless when they retired becuase the companies stock had
>>>>> tanked so it's not even a sure thing.
>>>> He's being gifted a discount, Glenn. It would be illegal if he was an
>>>> NCAA athlete. The NFL can (and I'm sure HAS) made it illegal too.
>>> Mark, you really have no idea what your talking about. I can introduce
>>> you to about 5 different people who work for public companies and were
>>> given exactly what you are saying is not allowed and it is no secret
>>> they get these deals, the whole company knows it. Hell, a cashier at
>>> Wal Mart can get a similar deal.
>> I think you're confusing my use of the word "illegal". I thought it was
>> clear that I was talking about against NCAA & NFL regulations, not US law.
>
> First off an NCAA player can't even work in a grocery store let alone
> get stock options so there is no argument there. What rule or
> regulation does a player break when he is buying stock options that
> are offered to him in the same manner as they are offered to thousands
> of people that work for public companies.
> Please be specific.
> And bte, the NBA cap is far more complex the the NFL one so if it
> works there I am pretty sure it works in the NFL.
Then please explain to me why there hasn't been a single team in the NFL
that has offered players stock options to circumvent the salary cap.
I'll tell you why. Because it's against the rules.
Stock options = salary. From the CBA, salary includes "compensation in
money, property, investments, loans or anything else of value to which
an NFL player may be awarded."
== 10 of 12 ==
Date: Thurs, May 20 2010 2:24 pm
From: Glenn Greenstein
On May 20, 3:19 pm, MZ <m...@nospam.void> wrote:
> Glenn Greenstein wrote:
> > On May 20, 2:29 pm, MZ <m...@nospam.void> wrote:
> >> Glenn Greenstein wrote:
> >>> On May 20, 1:25 pm, MZ <m...@nospam.void> wrote:
> >>>> Glenn Greenstein wrote:
> >>>>> On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
> >>>>>> Glenn Greenstein wrote:
> >>>>>>> On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
> >>>>>>>> Glenn Greenstein wrote:
> >>>>>>>>> There was a really short article in Forbes about how LeBron will be a
> >>>>>>>>> NY Knick because MSG as of last January can offer Lebron something
> >>>>>>>>> that no other NBA team can, the right to purchase stock options as an
> >>>>>>>>> employee of MSG. This actually makes the Knicks the team that can
> >>>>>>>>> offer him the biggest payout in a combo of salary and stock.
> >>>>>>>>> I am wondering if this can be done with the Jets. All woody has to do
> >>>>>>>>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
> >>>>>>>>> off. It's exactly what Cablevision did with MSG. This allows players
> >>>>>>>>> to use their own money to purchase discounted shares in the NY Jets
> >>>>>>>>> and sell them at a profit at a later date as a stock option. It
> >>>>>>>>> wouldn't be circumventing the cap because we are not paying the
> >>>>>>>>> player, he is just using his money to buy stock in something that can
> >>>>>>>>> increase because of their star power.
> >>>>>>>> Glenn, the NFL will never allow an NFL team to be owned by a public
> >>>>>>>> company. The last thing they want is financial scrutiny or a situation
> >>>>>>>> like the Packers that although quaint, doesn't allow them to ever be
> >>>>>>>> marketed.
> >>>>>>> John, they can't do that, it isn't legal. They would get slapped with
> >>>>>>> an anti-trust lawsuit. They may come up with a different reason to
> >>>>>>> reject them but being a public company isn't one they can use.
> >>>>>> Doesn't really matter. It would still violate the salary cap, and
> >>>>>> probably the union rules. The only reason the NBA is apparently
> >>>>>> allowing it is because they choose to. The NFL owners are holding firm
> >>>>>> to this salary cap thing, even in the absence of one.
> >>>>> Mark, you are 100% wrong. The player is investing his own money, he
> >>>>> isn't being gifted the stock options, he has to buy them just like you
> >>>>> or I would. Being a company employee give you access to better deals
> >>>>> than the general public. It is also a risk. i know people who worked
> >>>>> 20 years for companies and had a lot of money in stock options that
> >>>>> were worthless when they retired becuase the companies stock had
> >>>>> tanked so it's not even a sure thing.
> >>>> He's being gifted a discount, Glenn. It would be illegal if he was an
> >>>> NCAA athlete. The NFL can (and I'm sure HAS) made it illegal too.
> >>> Mark, you really have no idea what your talking about. I can introduce
> >>> you to about 5 different people who work for public companies and were
> >>> given exactly what you are saying is not allowed and it is no secret
> >>> they get these deals, the whole company knows it. Hell, a cashier at
> >>> Wal Mart can get a similar deal.
> >> I think you're confusing my use of the word "illegal". I thought it was
> >> clear that I was talking about against NCAA & NFL regulations, not US law.
>
> > First off an NCAA player can't even work in a grocery store let alone
> > get stock options so there is no argument there. What rule or
> > regulation does a player break when he is buying stock options that
> > are offered to him in the same manner as they are offered to thousands
> > of people that work for public companies.
> > Please be specific.
> > And bte, the NBA cap is far more complex the the NFL one so if it
> > works there I am pretty sure it works in the NFL.
>
> Then please explain to me why there hasn't been a single team in the NFL
> that has offered players stock options to circumvent the salary cap.
>
> I'll tell you why. Because it's against the rules.
>
> Stock options = salary. From the CBA, salary includes "compensation in
> money, property, investments, loans or anything else of value to which
> an NFL player may be awarded."
It's because there are no NFL teams except the Packers that are public
and if they were offered stock options it is a private matter or do
you think a player needs to tell the public about his investment
portfolio. For all we know Packer players are offered options, it just
is not in a contract and doesn't have to be because it is a personnel
matter if he buys them. What you are thinking of is when a company
hires a new CEO or CFO and part of his compensation is company stock
as an incentive for him to do a good job. Keep the margins fat and you
get a lot of money but make a lot of bad decisions and those options
are not worth the paper they are written on.
Also what you quoted doesn't address what I am speaking of. I am
talking about a player investing his own money, what you are talking
about is being awarded to the player. Awarded is the key word here, I
am talking about buying.Why is this so difficult for you to grasp?
== 11 of 12 ==
Date: Thurs, May 20 2010 2:54 pm
From: MZ
Glenn Greenstein wrote:
> On May 20, 3:19 pm, MZ <m...@nospam.void> wrote:
>> Glenn Greenstein wrote:
>>> On May 20, 2:29 pm, MZ <m...@nospam.void> wrote:
>>>> Glenn Greenstein wrote:
>>>>> On May 20, 1:25 pm, MZ <m...@nospam.void> wrote:
>>>>>> Glenn Greenstein wrote:
>>>>>>> On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
>>>>>>>> Glenn Greenstein wrote:
>>>>>>>>> On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
>>>>>>>>>> Glenn Greenstein wrote:
>>>>>>>>>>> There was a really short article in Forbes about how LeBron will be a
>>>>>>>>>>> NY Knick because MSG as of last January can offer Lebron something
>>>>>>>>>>> that no other NBA team can, the right to purchase stock options as an
>>>>>>>>>>> employee of MSG. This actually makes the Knicks the team that can
>>>>>>>>>>> offer him the biggest payout in a combo of salary and stock.
>>>>>>>>>>> I am wondering if this can be done with the Jets. All woody has to do
>>>>>>>>>>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
>>>>>>>>>>> off. It's exactly what Cablevision did with MSG. This allows players
>>>>>>>>>>> to use their own money to purchase discounted shares in the NY Jets
>>>>>>>>>>> and sell them at a profit at a later date as a stock option. It
>>>>>>>>>>> wouldn't be circumventing the cap because we are not paying the
>>>>>>>>>>> player, he is just using his money to buy stock in something that can
>>>>>>>>>>> increase because of their star power.
>>>>>>>>>> Glenn, the NFL will never allow an NFL team to be owned by a public
>>>>>>>>>> company. The last thing they want is financial scrutiny or a situation
>>>>>>>>>> like the Packers that although quaint, doesn't allow them to ever be
>>>>>>>>>> marketed.
>>>>>>>>> John, they can't do that, it isn't legal. They would get slapped with
>>>>>>>>> an anti-trust lawsuit. They may come up with a different reason to
>>>>>>>>> reject them but being a public company isn't one they can use.
>>>>>>>> Doesn't really matter. It would still violate the salary cap, and
>>>>>>>> probably the union rules. The only reason the NBA is apparently
>>>>>>>> allowing it is because they choose to. The NFL owners are holding firm
>>>>>>>> to this salary cap thing, even in the absence of one.
>>>>>>> Mark, you are 100% wrong. The player is investing his own money, he
>>>>>>> isn't being gifted the stock options, he has to buy them just like you
>>>>>>> or I would. Being a company employee give you access to better deals
>>>>>>> than the general public. It is also a risk. i know people who worked
>>>>>>> 20 years for companies and had a lot of money in stock options that
>>>>>>> were worthless when they retired becuase the companies stock had
>>>>>>> tanked so it's not even a sure thing.
>>>>>> He's being gifted a discount, Glenn. It would be illegal if he was an
>>>>>> NCAA athlete. The NFL can (and I'm sure HAS) made it illegal too.
>>>>> Mark, you really have no idea what your talking about. I can introduce
>>>>> you to about 5 different people who work for public companies and were
>>>>> given exactly what you are saying is not allowed and it is no secret
>>>>> they get these deals, the whole company knows it. Hell, a cashier at
>>>>> Wal Mart can get a similar deal.
>>>> I think you're confusing my use of the word "illegal". I thought it was
>>>> clear that I was talking about against NCAA & NFL regulations, not US law.
>>> First off an NCAA player can't even work in a grocery store let alone
>>> get stock options so there is no argument there. What rule or
>>> regulation does a player break when he is buying stock options that
>>> are offered to him in the same manner as they are offered to thousands
>>> of people that work for public companies.
>>> Please be specific.
>>> And bte, the NBA cap is far more complex the the NFL one so if it
>>> works there I am pretty sure it works in the NFL.
>> Then please explain to me why there hasn't been a single team in the NFL
>> that has offered players stock options to circumvent the salary cap.
>>
>> I'll tell you why. Because it's against the rules.
>>
>> Stock options = salary. From the CBA, salary includes "compensation in
>> money, property, investments, loans or anything else of value to which
>> an NFL player may be awarded."
>
> It's because there are no NFL teams except the Packers that are public
> and if they were offered stock options it is a private matter or do
> you think a player needs to tell the public about his investment
> portfolio.For all we know Packer players are offered options, it just
> is not in a contract and doesn't have to be because it is a personnel
> matter if he buys them. What you are thinking of is when a company
> hires a new CEO or CFO and part of his compensation is company stock
> as an incentive for him to do a good job. Keep the margins fat and you
> get a lot of money but make a lot of bad decisions and those options
> are not worth the paper they are written on.
> Also what you quoted doesn't address what I am speaking of. I am
> talking about a player investing his own money, what you are talking
> about is being awarded to the player. Awarded is the key word here, I
> am talking about buying.Why is this so difficult for you to grasp?
Glenn, the CBA is clear. I don't know why you're having trouble with
this. Salary is defined broadly. Stock options, or ANYTHING else of
"value to which an NFL player may be awarded", counts against the cap.
== 12 of 12 ==
Date: Thurs, May 20 2010 6:22 pm
From: Glenn Greenstein
On May 20, 5:54 pm, MZ <m...@nospam.void> wrote:
> Glenn Greenstein wrote:
> > On May 20, 3:19 pm, MZ <m...@nospam.void> wrote:
> >> Glenn Greenstein wrote:
> >>> On May 20, 2:29 pm, MZ <m...@nospam.void> wrote:
> >>>> Glenn Greenstein wrote:
> >>>>> On May 20, 1:25 pm, MZ <m...@nospam.void> wrote:
> >>>>>> Glenn Greenstein wrote:
> >>>>>>> On May 20, 11:59 am, MZ <m...@nospam.void> wrote:
> >>>>>>>> Glenn Greenstein wrote:
> >>>>>>>>> On May 20, 10:47 am, Johnctx <j...@spamtx.net> wrote:
> >>>>>>>>>> Glenn Greenstein wrote:
> >>>>>>>>>>> There was a really short article in Forbes about how LeBron will be a
> >>>>>>>>>>> NY Knick because MSG as of last January can offer Lebron something
> >>>>>>>>>>> that no other NBA team can, the right to purchase stock options as an
> >>>>>>>>>>> employee of MSG. This actually makes the Knicks the team that can
> >>>>>>>>>>> offer him the biggest payout in a combo of salary and stock.
> >>>>>>>>>>> I am wondering if this can be done with the Jets. All woody has to do
> >>>>>>>>>>> is sell the Jets to Johnson and Johnson and Johnson and then spin them
> >>>>>>>>>>> off. It's exactly what Cablevision did with MSG. This allows players
> >>>>>>>>>>> to use their own money to purchase discounted shares in the NY Jets
> >>>>>>>>>>> and sell them at a profit at a later date as a stock option. It
> >>>>>>>>>>> wouldn't be circumventing the cap because we are not paying the
> >>>>>>>>>>> player, he is just using his money to buy stock in something that can
> >>>>>>>>>>> increase because of their star power.
> >>>>>>>>>> Glenn, the NFL will never allow an NFL team to be owned by a public
> >>>>>>>>>> company. The last thing they want is financial scrutiny or a situation
> >>>>>>>>>> like the Packers that although quaint, doesn't allow them to ever be
> >>>>>>>>>> marketed.
> >>>>>>>>> John, they can't do that, it isn't legal. They would get slapped with
> >>>>>>>>> an anti-trust lawsuit. They may come up with a different reason to
> >>>>>>>>> reject them but being a public company isn't one they can use.
> >>>>>>>> Doesn't really matter. It would still violate the salary cap, and
> >>>>>>>> probably the union rules. The only reason the NBA is apparently
> >>>>>>>> allowing it is because they choose to. The NFL owners are holding firm
> >>>>>>>> to this salary cap thing, even in the absence of one.
> >>>>>>> Mark, you are 100% wrong. The player is investing his own money, he
> >>>>>>> isn't being gifted the stock options, he has to buy them just like you
> >>>>>>> or I would. Being a company employee give you access to better deals
> >>>>>>> than the general public. It is also a risk. i know people who worked
> >>>>>>> 20 years for companies and had a lot of money in stock options that
> >>>>>>> were worthless when they retired becuase the companies stock had
> >>>>>>> tanked so it's not even a sure thing.
> >>>>>> He's being gifted a discount, Glenn. It would be illegal if he was an
> >>>>>> NCAA athlete. The NFL can (and I'm sure HAS) made it illegal too.
> >>>>> Mark, you really have no idea what your talking about. I can introduce
> >>>>> you to about 5 different people who work for public companies and were
> >>>>> given exactly what you are saying is not allowed and it is no secret
> >>>>> they get these deals, the whole company knows it. Hell, a cashier at
> >>>>> Wal Mart can get a similar deal.
> >>>> I think you're confusing my use of the word "illegal". I thought it was
> >>>> clear that I was talking about against NCAA & NFL regulations, not US law.
> >>> First off an NCAA player can't even work in a grocery store let alone
> >>> get stock options so there is no argument there. What rule or
> >>> regulation does a player break when he is buying stock options that
> >>> are offered to him in the same manner as they are offered to thousands
> >>> of people that work for public companies.
> >>> Please be specific.
> >>> And bte, the NBA cap is far more complex the the NFL one so if it
> >>> works there I am pretty sure it works in the NFL.
> >> Then please explain to me why there hasn't been a single team in the NFL
> >> that has offered players stock options to circumvent the salary cap.
>
> >> I'll tell you why. Because it's against the rules.
>
> >> Stock options = salary. From the CBA, salary includes "compensation in
> >> money, property, investments, loans or anything else of value to which
> >> an NFL player may be awarded."
>
> > It's because there are no NFL teams except the Packers that are public
> > and if they were offered stock options it is a private matter or do
> > you think a player needs to tell the public about his investment
> > portfolio.For all we know Packer players are offered options, it just
> > is not in a contract and doesn't have to be because it is a personnel
> > matter if he buys them. What you are thinking of is when a company
> > hires a new CEO or CFO and part of his compensation is company stock
> > as an incentive for him to do a good job. Keep the margins fat and you
> > get a lot of money but make a lot of bad decisions and those options
> > are not worth the paper they are written on.
> > Also what you quoted doesn't address what I am speaking of. I am
> > talking about a player investing his own money, what you are talking
> > about is being awarded to the player. Awarded is the key word here, I
> > am talking about buying.Why is this so difficult for you to grasp?
>
> Glenn, the CBA is clear. I don't know why you're having trouble with
> this. Salary is defined broadly. Stock options, or ANYTHING else of
> "value to which an NFL player may be awarded", counts against the cap.
AWARDED MARK, THAT IS THE KEY HERE. THE OPTIONS I SPEAK OF ARE NOT
AWARDED THEY ARE PURCHASED.
==============================================================================
TOPIC: #10
http://groups.google.com/group/alt.sports.football.pro.ny-jets/t/ede1badb1ff32079?hl=en
==============================================================================
== 1 of 1 ==
Date: Thurs, May 20 2010 2:36 pm
From: Ian
On May 19, 2:49 pm, Demetrios <hestian...@gmail.com> wrote:
> On May 19, 4:24 am, Ian <spuorgelg...@ianwhitephoto.co.uk> wrote:
>
>
>
> > On May 19, 3:22 am, "yoyodog" <NOS...@yahoo.com> wrote:
>
> > > "Ian" <spuorgelg...@ianwhitephoto.co.uk> wrote in message
>
> > >news:0e4e4ca9-2960-4419-bcd3-a623a0cf2de1@m21g2000vbr.googlegroups.com...
>
> > > > It just seems so wrong seeing a Jets WR wearing #10 in the OTA photos
> > > > onhttp://nyjets.com
>
> > > > I'll probably get used to it by three snaps into the Ravens' game, but
> > > > I'm going to have to crayon out Chad's name on a lot of my apparel. ;)
>
> > > Isn't Santonio Holmes going to wear #10?
>
> > Well, yes Yoyo, that was the whole point of the post.
>
> > I've only ever known Pennington wearing #10, and now it's Holmes
> > wearing it. It just looks weird to me seeing a Jets #10 not throwing
> > the ball.
>
> > It just looks weird.
>
> I was confused too, since we don't have Holmes for the Ravens game.
> But yeah, it's gonna be weird, really weird...
>
> That, and I read the story about Jason Taylor "honoring" Tim Bowens
> with his uniform selection.http://sports.espn.go.com/new-york/nfl/news/story?id=5200653
>
> Somehow Bowens isn't smart enough to realize that Jason Taylor went
> home and googled 'miami dolphins 95' to figure out who to attribute it
> to when he got his number. It's not like he had a huge choice between
> numbers...what a phony.
I see where I introduced the confusion. Make that, "third snap of his
first game".
--
Ian
==============================================================================
TOPIC: Gulp... head-scratcher becoming a chronic problem?
http://groups.google.com/group/alt.sports.football.pro.ny-jets/t/b38eb7de57ab296b?hl=en
==============================================================================
== 1 of 1 ==
Date: Thurs, May 20 2010 5:55 pm
From: buRford
Hopefully, this will work itself out, but one of the biggest head-scratchers of the
offseason - - letting Feely go - - may be biting us. I never understood the move, without
a competent replacement.
A bunch of stories tonite about Folk. Here's Cimini...
"It's too soon to say the Jets have a kicking crisis, but Rex Ryan admitted he's
concerned. Former Cowboys PK Nick Folk, whom they're counting on to replace Jay Feely
(Cards), was brutal. At one point, he missed three straight from about 40 yards. Said
Ryan: "Yeah, it concerns me. We'd all feel a lot better if they decided to make a few."
Folk, of course, was run out of Dallas last season because he imploded late in the season.
That Feely decision could backfire on the Jets in a big way."
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