Sunday Signs And........
It rained last night and today it is windy and chilly. It's a good day for staying inside and relaxing or taking a nap. I'm all in favor of the latter!
I'm not a big basketball fan, but the University of KY fired Head Coach Billy Gillispie only after 2 years. Now I know everyone wants the KY Wildcats to always win the NCAA tournament or at least get into it, but sometimes it just doesn't happen, and I think 2 years is rushing it for a coach to turn things around.
This is the first time they have missed getting into the NCAA tournament since 1991. I guess that was more than KY could stand. The thing that gets me is this;
he was being paid 2.3 million annually and,
there was apparently an understanding of 6 million more,
but Gillispie never officially signed the contract so they don't think he'll get that much,
although I'm sure he'll try to get all he can,
and with the economy the way it is I guess some things just have to go on no matter what?
I don't know, but I guess other college's do this same thing? They all want to win, but they sure pay a high price for these coaches. I wonder what the president of the University makes? I'm sure it's nowhere near 2.3 million annually. Somehow that just doesn't seem right that a coach makes so much money. What are your thoughts on this subject?
SUNDAY SIGNS
I'm not a big basketball fan, but the University of KY fired Head Coach Billy Gillispie only after 2 years. Now I know everyone wants the KY Wildcats to always win the NCAA tournament or at least get into it, but sometimes it just doesn't happen, and I think 2 years is rushing it for a coach to turn things around.
This is the first time they have missed getting into the NCAA tournament since 1991. I guess that was more than KY could stand. The thing that gets me is this;
he was being paid 2.3 million annually and,
there was apparently an understanding of 6 million more,
but Gillispie never officially signed the contract so they don't think he'll get that much,
although I'm sure he'll try to get all he can,
and with the economy the way it is I guess some things just have to go on no matter what?
I don't know, but I guess other college's do this same thing? They all want to win, but they sure pay a high price for these coaches. I wonder what the president of the University makes? I'm sure it's nowhere near 2.3 million annually. Somehow that just doesn't seem right that a coach makes so much money. What are your thoughts on this subject?
SUNDAY SIGNS
posted by Rachel at 4:23 PM
12 Comments:
Great signs! The first one about Idols reminds me of a friend's expression, "What's you Isaac?" (a biblical reference to what replaces God in your life). It's good food for thought.
Anyway...pro athletes are all over paid, including coaches, and it's sad and sick. Not that these guys aren't talented and good at what they do, but honestly, big money should go to the REAL heroes (firemen, teachers, etc.).
Good Aftrnoon Rachel.
I'm not much into College Basketball either unless someone I know is playing for a cerain State and then I might watch it. I can't believe at some of the salaries these coaches are paid now a days. Way too much if you ask me. That is what is wrong with the economy now is all these big wheels being paid way too much. They need to come down to a poor man's level if you ask me. But I'm poor and what do I know. LOL. The first Church sign is so true. The girls Spring Break comes to an end in the morning after being out all this past week. They go back in the morning. I think they are both ready to go back. Their pre-season softball tournaments starts this week and goes thru the weekend. We will be busy for sure. Take care my friend and have a Blessed sunday. May GOD BLess you and yours.
Love,
Karen H
P.S. It was cloudy adn rainy here yesterday and very windy. Yesterday was a good day to stay inside here and just be lazy. Today the sun has been shining and it's a little on teh chilly side as well. Suppose to warm back up tomorrow.
I know nothing about basketball. But I bet for $2.3 million - I could learn.
Ralph
2.3 million a year?? Why I'd settle for half that!!
:-)
I think coaches and athletes and movie stars and entertainers are probably paid what they are worth in terms of money they bring in. I mean they usually get paid big bucks because they bring in big bucks. If coaches can't produce a winning team, then I guess their value diminishes because the fans aren't as excited and are not spending like they would for a winning team. The top movie stars bring in millions of movie goers to the theaters, so they get paid a portion of what they bring in, which is lots and lots of money.
I can't even fathom having 2.3 million bucks.. and that amount per year would be just overwhelming. I'm willing to give it a try though to see how I'd handle that kind of income.
Love the church signs, Rachel....I guess even a church sign can go on Spring break when no body is around to put up a message...
I think all of those coaches are over paid. I know that the schools make a lot of money with ticket sales but they are forking our too much for a winning coach. I also think major league baseball players are paid too much....Ticket sales go along with payroll and ticket prices are sky high, especially in areas like New York City.... Here in Houston it is not so bad.
I think UK should have given him a little longer than 2 years but I guess it is not up to me. I heard he is the highest paid state worker in Kentucky. Even more than the Govenor?? Don't know if that is right or not. Now, they are saying we have hired the Memphis coach to take his place. I don't think Gillispie liked the PR work he had to do along with the job.
Love the signs.
That SAlary seems insane to me! I mean....It seems like it is totally out of proportion to what he does!!! Teachers don't get anywhere near that...I think it is disgusing!!!
WONDERFUL Signs, my dear Rachel...As Always....!
Hope you will have a lovely week, my dear friend....!
Hi Rachel, your signs are excellent!
Hardly anyone except Wall Street traders, AIG executives, and our Congressmen (lobby money) make that much.
I hear that some of our money should go to the people who bought new cars for their warranty work if the automakers go under. That doesn't fit our free enterprize system? I guess so because lately the rich get the breaks.
Mrs. Jim and I have never bought a new car, we don't have money for new cars.
A lot of things in life aren't fair.
..
Your signs are all great! I had to scroll down a long ways, as I haven't been here in awhile. And your cakes are beautiful. You have a real artist's touch with them.
I don't get the reason for the high salaries, either. But then again, it's none of my biz what they do with their money since very little of it comes from me.
The money made by a winning program is enormous and it usually starts with coaching. They get paid that much because they can.
The football program here at Nebraska pays the bills for all of the other sports that don't make money.
The bad part would be a pro coach making 3 million trying to coach someone making 20 million.
I love your cake and I have decided that I'm want you to make my next wedding cake if I ever get married again. (I'll have to check with Marilyn on that.)
Compensation for athletes, coaches, entertainers, CEO are all out of proportion creating a special economic class in the US.
In the 1950 a CEO made 50 times what his workers made. Now it is over 500 times.
This is largely an American reality.
"In 2004, the New York Times reported comparative ratios of CEO pay to employee averages. In Japan, CEOs earned about ten times that of the average employee. In Germany, the ratio was 11 to 1, in the UK 25 to 1, and in the United States, 531 to 1! It is difficult to see how American companies can justify these huge executive compensations when these other countries, which much smaller CEO pay, have generally managed faster economic growth, greater productivity increases, and greater gains in their stock markets."
The head coach gets paid more money than the president of the university because he brings in more money to the school. The better the team the more fans pay to watch them play, because nobody wants to come watch a losing team.
You thought Gillespie got a good yearly salary, well this next coach (Calapari) is getting much, much more.
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