Article on Jerry Richardson's Succession Plans

[Panthro]

Tax payers are taking the burden because all Charlotte tax payers benefit from the Panthers being a part of Charlotte, whether they watch the team or not.

I say the Panthers benefit from being in Charlotte more so than Charlotte benefits from the Panthers.

[fieryprophet]

still wrong about how salary caps work

No, I'm not. If you're so magnificently well-informed, explain how we end up well over the salary cap if we're not spending the money.

For the record, it's easy to determine how much a team actually spends per year, based on how much cap space carryover they take into the next season. Considering we have around $3 million total, that means our outlays were $117 million this season. Cheap my ass.

[CLEARHOT]

Panthro they are not taxing your house. They are taxing the imbreds from the "upstate" and Cabarrus county that go to the Buffalo Wild Wings next to the NascarHOF

So everyone that goes to BWW is guilty of incest?

[Floppin]

I say the Panthers benefit from being in Charlotte more so than Charlotte benefits from the Panthers.

And you would be wrong. The economic footprint provided to local business on game days as well as the socio-economic benefit to the city of having a professional football team as it relates to business growth and real estate sales. You could go on and on, but an NFL team provides the city and surrounding businesses with millions upon millions of dollars of revenue that the team doesn't directly see.

[4Corners]

So everyone that goes to BWW is guilty of incest?

No, but you ARE guilty of bad taste in restaurants.

[Panthro]

No, I'm not. If you're so magnificently well-informed, explain how we end up well over the salary cap if we're not spending the money.

For the record, it's easy to determine how much a team actually spends per year, based on how much cap space carryover they take into the next season. Considering we have around $3 million total, that means our outlays were $117 million this season. Cheap my ass.

I never said he is not spending money. I am saying that the salary cap in no way reflects the amount of money being spent on a salaries in a given year.

The only amount Jerry is required to pay is the guaranteed amount which is prorated over the length of the contract.

Just because someone signs a $100M contract does not mean he is guaranteed to be paid $100M.

[PantherBrew]

I say the Panthers benefit from being in Charlotte more so than Charlotte benefits from the Panthers.

Then we have a fundamental disagreement.

I see it as the opposite.

Not that is really gives definite answers, and has flaws. But there is an interesting study about the economic impact of pro sports in Charlotte.

http://www.charlottesports.org/downloads/CharlotteMSASportsEconomy.pdf

[fieryprophet]

If you don't like city governments giving tax money to teams, just stick with that complaint. I can at least respect that opinion. But people calling JR cheap is total bullshit.

[Firefox]

And you would be wrong. The economic footprint provided to local business on game days as well as the socio-economic benefit to the city of having a professional football team as it relates to business growth and real estate sales. You could go on and on, but an NFL team provides the city and surrounding businesses with millions upon millions of dollars of revenue that the team doesn't directly see.

http://news.illinois...17stadiums.html

[fieryprophet]

Then we have a fundamental disagreement.

I see it as the opposite.

Not that is really gives definite answers, and has flaws. But there is an interesting study about the economic impact of pro sports in Charlotte.

http://www.charlottesports.org/downloads/CharlotteMSASportsEconomy.pdf

Summary: 23k jobs, and over $2 billion in related income. Per year.

[Panthro]

And you would be wrong. The economic footprint provided to local business on game days as well as the socio-economic benefit to the city of having a professional football team as it relates to business growth and real estate sales. You could go on and on, but an NFL team provides the city and surrounding businesses with millions upon millions of dollars of revenue that the team doesn't directly see.

So do lot's of other billion dollar businesses in CLT. Glad you are ok with corporate welfare.

[fieryprophet]

http://news.illinois...17stadiums.html

The Panthers stadium will cost Charlotte taxpayers a total of $210 million over a 30 year period. The stadiums mentioned in that report were funded in much higher proportions by taxpayers, often in the neighborhood of $1 billion. Their impact would obviously be much more muted in comparison to the Panthers.

[Floppin]

http://news.illinois...17stadiums.html

Yeah, I've read that. I've also read this :

http://www.humankinetics.com/products/all-products/Sport-and-Public-Policy

Here's an excerpt, that generally agrees with what that study says. But there are other parts of the book that focus on different metrics that posit the exact opposite. Point being, it depends on what factors you want to look at, as with most statistics. You can prove either point, I just happen to be in the camp that it benefits the local economy, not the other way around.

The significant investment by local governments suggests that the economic returns of sport must be quite large. Indeed economic benefits are often proffered as the justification for sport subsidies. Teams, stadiums, and events are commonly promoted as economic catalysts. For example, in 1997 a group campaigning for a new publicly funded football stadium for the San Francisco 49ers used the slogan “Build the Stadium—Create the Jobs!” (Epstein, 1997). The Oregon Stadium Campaign, a group working to bring major-league baseball to Portland, ran an ad in the local newspaper that read, “$150 million company seeks move to Oregon. Will bring jobs, development, snappy new uniforms.”

If you have read the previous chapters of this book, we hope that you are now convinced that talking about sport as big business is legitimate. Sport leagues cater to ever-expanding global markets. Wealthy individuals and powerful conglomerates buy and sell teams for hundreds of millions of dollars. Unions struggle with owners for their share of revenue, and salaries climb increasingly higher, in part because of escalating television contracts. Big business indeed, but how big is big? By many indicators, sport teams as individual firms play only minor roles within complex urban economies.

Many professional sport teams have annual revenues that exceed $100 million. Average annual revenues are approximately $155 million in the NFL, $130 million in MLB, $95 million in the NBA, and $70 million in the NHL (Zimbalist, 2003). These numbers may seem large, but some comparisons can provide perspective. If you are enrolled in a state university, chances are that your school takes in more revenue and spends more than the closest professional sport team. For example, Portland State University has a budget of nearly $200 million, more than twice that of the Portland Trailblazers. For another comparison, consider this: In 2003 the average Costco wholesale store had annual sales of $113 million, exceeding the revenues of most sport teams (Heylar, 2003). Few would expect a big-box warehouse store to be a major player in an urban economy, yet they are typically bigger businesses than sport teams. Of course, the local warehouse store does not have devoted fans who wear Costco hats, paint their faces in Costco blue and red, and follow the successes and failures of the store on the nightly news. We will discuss those benefits (consumption benefits) in the next chapter, but for now let us focus on the role of sport teams in the local economy.

[Panthro]

The Charlotte economy grew.....and we got some sports franchises

correlationz!!!