Posts Tagged ‘money’

Let’s Go Broncos! (So not a fan)

Friday, November 22nd, 2013


Just to throw some numbers out there: $10,400; $89,259,848; and $58,000,000. The first number is the average amount of scholarship money rewarded to college athletes, and athletic scholarships are not always guaranteed. That type of thinking starts young, parents are always thinking: “My kid is good, he/she could get a full ride scholarship to play in that sport”. It does not always pan out in the end.  In one of the article it states,

The average scholarship is about $10,400. Only four sports offer full rides to all athletes who receive scholarships: football, men’s and women’s basketball, and women’s volleyball (Lynn O’Shaughnessy, 2010).

But for those who did make the team, Broncos team that is, when added up their salaries total to: $89,259,848. That means for the state of Colorado tax payers are willing to pay a small amount that adds up so Colorado Natives can be able to watch Manning, Eric Decker and other Bronco athletes they favor. It is not bad, we are a sport nation, we NEED our sports and we are willing to pay for it.

Peyton Manning

The last number is Peyton Manning’s “guaranteed” salary. Before it is a number to get excited about, it is broken down into sections. The website Sportrac indicates that Manning’s contract is for 5 years which adds to a total of $96,000,000. Then they break it down to his average salary roughly around $15,000,000 to $19,200,000 per year. The guaranteed amount of $58,000,000 is left from the $96,000,000 after calculations, roughly around $38,000,000 returns back through nation tax and the amount Manning decided to give back through scholarships, and charity events he sponsors.

With that stated, paying professional athletes does not always result in a bad outcome. Win or lose, the Denver Broncos football team will find a way to pay their athletes, and their athletes will most likely contribute back to those who help pay their salary.

21 is the new old..

Thursday, November 21st, 2013

The Atlanta Falcons’ came out with a plan back in April of 2013 to build a brand new $1 billion retractable-roof stadium by 2017 in downtown Atlanta.  After over two years of negotiations, the city’s economic development armed voted 8-1 in approving the issue of over $200 million in bonds from Atlanta city’s hotel-motel taxes to help with the funding of the new stadium.  Since the current Georgia Dome stadium was built only 21 years ago in 1992, this raised a lot of questions and concerns.  The questions are exemplified by something along the lines of why now, why is this necessary, the stadium just turned old enough to drink! Falcons owner says

We’re not simply swapping one stadium for another. We’re building a best-in-class facility that will help us attract new events and retain the Falcons.

The remaining money to support the costs of the stadium will come from other private funds as well as the Atlanta Falcons.

In another Q&A article found at: it is asked “Since this is an NFL stadium deal, how much blatant robbery of public money occurred here?” Following the response:

A bit, but that’s money long since stolen via the hotel tax, which by law must go towards ‘Promoting tourism, conventions, and trade shows.’ There are local costs to it, as there are with any tax, but the direct amount of money in theory is coming from tourism taxes levied on hapless conventioneers breezing through town.

When it comes to using public funding, it seems like something that is rather hard to swallow.  If after 21 years, the Falcons for some reason need a new stadium that is still relatively new, shouldn’t we be asking more questions?  It seems as though this hotel-motel tax could be used for a cause beneficial for more people as well as a better cause.  $200 million is no small fee, which yes, gives the new stadium a good step in the financial direction that they need but it could be better used for other things within Atlanta.  Using this $200 could be used towards education, construction in the city, or many other aspects that could be beneficial to many people around the city, rather than just the team and the people surrounding the sport.

Can Sochi Get it Done?

Wednesday, November 6th, 2013

The vision of the Winter 2014 Olympic games held in Sochi, Russia is set high. It states that

 “highly innovative Olympic and Paralympic Winter Games, that will express the spirit of modern Russia and bring with them sustainable, positive change for the whole country.”

This is a big promise to fulfill while preparing for Olympic games. However, with the research done and information given, it seems to me that Sochi will be able to deliver on their promises.

This video shows a man speaking on behalf of an organizing committee for the 2014 games. He stresses that the most important thing is to build things that are environmentally friendly while still getting the job done. . Along with building green, some other sustainable features they plan to achieve are healthy lifestyles, modern technologies, economic prosperity and sustainable development management systems.

If you look at the website, it shows that every thing they are doing that is sustainable is going to help them in the future. For example, they believe that opportunities created by the Olympic project will ensure them long term sustainable development and prosperity of Sochi. It will also create more jobs and opportunity for professional sports.

Things similar to promoting healthy living within Sochi will make sure Sochi is around for a while with healthy individuals. According to the checklist there are many ways planned to promote a healthy lifestyle.

There are nine different ways of how Sochi is going to create sustainable development for the 2014 winter Olympics. In each of the nine ways, there are specific steps and direction on what is going to happen in order to achieve them. If they were not serious about these, they would’t have come up with a plan to conquer them. This is the future of their life and to pass up an opportunity that is a once in a lifetime chance would be failure. I am confident and do believe that Sochi will get everything they plan on getting done, done before the games begin. Promise = Delivery.

To play or not to pay, that is the question

Monday, October 28th, 2013