Page 6 of 7 FirstFirst ... 234567 LastLast
Results 76 to 90 of 95
  1. #76
    Join Date
    Jul 2012
    Location
    Roland Park
    Posts
    2,813

    Re: How Ex NFL'ers Go Broke



    Quote Originally Posted by ActualSpamBot View Post
    Unfortunately the food and entertainment lobby is very powerful and they are bound and determined to keep the burden of compensation on us instead of themselves.
    Who do you think the burden of compensation is on for the sales clerk at WalMart? The burden of compensation is ALWAYS on us. Make restaurants pay waiters and waitresses $15-40/hour with no tips, and see what happens to the price of your steak. Or, pay them minimum wage with no tips, and see how often your food gets spit in.
    "Leave. Your. Mark."




  2. #77
    Join Date
    Aug 2011
    Location
    Northern Ireland, UK
    Posts
    2,812

    Re: How Ex NFL'ers Go Broke

    Quote Originally Posted by bmorecareful View Post
    If you want the NFL to incentivize good behavior instead of bad behavior for players that desperately need someone, ANYONE, to do the right thing for them, you don't want them offering loans, especially loans like that. The entire concept of credit and borrowing at interest is both morally wrong and extremely bad for your financial well-being. If you have access to the level of income generated by even 7th round rookie contracts, there is no excuse to borrow money apart from PERHAPS a mortgage, and it would be much better to simply pay cash for your house.
    Well at this stage they should realise players borrow money, regardless, so it's better the NFL offer it, and keep in under control




  3. #78
    Join Date
    Aug 2006
    Location
    Mt. Arrogance in the middle of the .11 rolling acres of The Windbag Estates
    Posts
    4,492

    Re: How Ex NFL'ers Go Broke

    On a side note, I think the whole gratuity thing is just a bullshit system that puts the onus of compensation on the customers and not the employer. Yes I understand the mindset behind it, but they could just as easily come up some sort of commission system.
    Where would the money the employer would pay the employees with come from?

    The tipping system for service work is a very good one. It means YOU decide how much the service is worth. If the folks are competent I tip 20%. You might lost a percent or two if I never get a drink refill or I wait forever for it and get it just as we are preparing to leave.

    I used to tend bar. People who have worked for tips are the best tippers.




  4. #79
    Join Date
    Aug 2011
    Location
    Northern Ireland, UK
    Posts
    2,812

    Re: How Ex NFL'ers Go Broke

    Quote Originally Posted by Greg View Post
    Where would the money the employer would pay the employees with come from?

    The tipping system for service work is a very good one. It means YOU decide how much the service is worth. If the folks are competent I tip 20%. You might lost a percent or two if I never get a drink refill or I wait forever for it and get it just as we are preparing to leave.

    I used to tend bar. People who have worked for tips are the best tippers.
    The same place it comes from for every other country in the world, their turnover




  5. #80
    Join Date
    Aug 2007
    Location
    Houston, TX Y'all
    Posts
    27,526
    Thanks Greg for derailing my attempts to get back on topic ....

    WARNING: This post may contain material offensive to those who lack wit, humor, common sense and/or supporting factual or anecdotal evidence. All statements and assertions contained herein may be subject to literary devices not limited to: irony, metaphor, allusion and dripping sarcasm.




  6. #81
    Join Date
    Apr 2009
    Posts
    13,453
    Blog Entries
    5

    Re: How Ex NFL'ers Go Broke

    Quote Originally Posted by Greg View Post
    Where would the money the employer would pay the employees with come from?

    The tipping system for service work is a very good one. It means YOU decide how much the service is worth. If the folks are competent I tip 20%. You might lost a percent or two if I never get a drink refill or I wait forever for it and get it just as we are preparing to leave.

    I used to tend bar. People who have worked for tips are the best tippers.
    When they said tips went up to 20% I asked the manager of the next restaurant
    what it was and the first thing he said was, you don't have to leave any tip but it
    is 20% now if you want to.




  7. #82
    Join Date
    Aug 2007
    Location
    Houston, TX Y'all
    Posts
    27,526
    Quote Originally Posted by arnie_uk View Post
    The NFL should provide a loan system with low interest rates or something for the offseason, and have it li led to their salary so you can only borrow say 50 percent of your up and coming years salary
    I don't want to see the league get into the business of lending money.

    I'd much prefer to see an expansion of the leagues rookie symposiums to include financial education, money management, etc.

    A player who saves his money is in far better financial shape than the one who goes into debt.
    WARNING: This post may contain material offensive to those who lack wit, humor, common sense and/or supporting factual or anecdotal evidence. All statements and assertions contained herein may be subject to literary devices not limited to: irony, metaphor, allusion and dripping sarcasm.




  8. #83
    Join Date
    Aug 2011
    Location
    Northern Ireland, UK
    Posts
    2,812

    Re: How Ex NFL'ers Go Broke

    Quote Originally Posted by HoustonRaven View Post
    I don't want to see the league get into the business of lending money.

    I'd much prefer to see an expansion of the leagues rookie symposiums to include financial education, money management, etc.

    A player who saves his money is in far better financial shape than the one who goes into debt.
    Bit the fact is the do go into debt, they should be aiming to control that In some way shape or form by a separate branch company, make a deal with some money lending Comoany or something. Clearing advising them to save isn't working, so go for the next best thing and help them manage debt via some sort of control on what can be borrowed in relation to their earnings




  9. #84
    Join Date
    Aug 2007
    Location
    Houston, TX Y'all
    Posts
    27,526
    Quote Originally Posted by arnie_uk View Post
    Bit the fact is the do go into debt, they should be aiming to control that In some way shape or form by a separate branch company, make a deal with some money lending Comoany or something. Clearing advising them to save isn't working, so go for the next best thing and help them manage debt via some sort of control on what can be borrowed in relation to their earnings
    It's a free country so I doubt any employee would want their employer dictating what they can and cannot do in regards to their money once it's earned.

    The rookie symposiums are a relatively new thing so it's hard to say either way if they're working or not. You really should try to find / watch "Broke". Not every NFLer is in this predicament.

    Also, consider the PR disaster for the league after such an initiative. If they start lending money to players and the player goes broke, the league is going to be blamed for it. You're basically saying "Yes, players do dumb things but instead of correcting the problem, lets give them a way to keep doing dumb things with their money but the league gets richer off the interest".

    No thanks.
    WARNING: This post may contain material offensive to those who lack wit, humor, common sense and/or supporting factual or anecdotal evidence. All statements and assertions contained herein may be subject to literary devices not limited to: irony, metaphor, allusion and dripping sarcasm.




  10. #85

    Re: How Ex NFL'ers Go Broke

    More and more the ranks of 'Pro' atheletes are being populated by players that are unsophisticated in the handling of money and who don't have any real advisers that can truthfully advise them. Secondly, by signing these 'big' contracts they are advertising that they are the financial sheep that is just waiting to be shorn by every financial fly by night that they know and that they don't know. And lets face one other reality - they are in their early 20's and still children in everything except their body development. Then then throw in their thinking with their little head, instead of the one that is on their shoulders - it is truly a wonder that they all don't end up bankrupt.




  11. #86
    Join Date
    Aug 2011
    Location
    Northern Ireland, UK
    Posts
    2,812

    Re: How Ex NFL'ers Go Broke

    N
    Quote Originally Posted by HoustonRaven View Post
    It's a free country so I doubt any employee would want their employer dictating what they can and cannot do in regards to their money once it's earned.

    The rookie symposiums are a relatively new thing so it's hard to say either way if they're working or not. You really should try to find / watch "Broke". Not every NFLer is in this predicament.

    Also, consider the PR disaster for the league after such an initiative. If they start lending money to players and the player goes broke, the league is going to be blamed for it. You're basically saying "Yes, players do dumb things but instead of correcting the problem, lets give them a way to keep doing dumb things with their money but the league gets richer off the interest".

    No thanks.
    Must try and watch it, probably not get it here in uk ever unless its on youtube




  12. #87
    Join Date
    Aug 2007
    Location
    Houston, TX Y'all
    Posts
    27,526
    Quote Originally Posted by arnie_uk View Post
    Must try and watch it, probably not get it here in uk ever unless its on youtube
    It's on iTunes and I am sure someone has pirated it to YouTube by now.

    It's part of ESPN's "30 for 30" series.
    WARNING: This post may contain material offensive to those who lack wit, humor, common sense and/or supporting factual or anecdotal evidence. All statements and assertions contained herein may be subject to literary devices not limited to: irony, metaphor, allusion and dripping sarcasm.




  13. #88

    Re: How Ex NFL'ers Go Broke

    Quote Originally Posted by alien bird View Post
    It really pays to be a waiter at a posh restaurant as opposed to a Denny's.
    I have a couple questions about this whole thread and this whole tipping thing lol.

    1. First, looking at the prices on Mr. Merriweather's bill, I have to wonder how many people are willing to pay those kinds of prices, and are there enough folks that stupid to run a business off them?

    2. I firmly believe in tipping folks between 15% and 20 %. I had the finest meal of my life in the Rainbow Room Grille on the 85th floor of Rockefeller Center in New York at Christmastime. The place is reputed to have one of the top ten dining experiences in the world. We had three white tuxedoed waiters attending our party of six and they did a fantastic job. Everyone agreed that 25% was appropriate and I gladly paid it. I recall the bill was just short of $300 for the wife and I, including 4 courses, drinks and tip. That is pretty much top of the line for me. I can't see the likelihood of the meal, the service or the ambience being much better and I'm certainly not going to pay much more for a single meal no matter how good a turd it might make lol.

    3. Which brings me to the following conclusion: If I were to one day have a meal that costs significantly more than the one described above, I see absolutely no sense in tipping more than $100. Ie; $400 meal = $100 tip. $15,000 bar bill - please shoot me for stupidity after I give you your $100 tip. I don't care what the bill is. Nobody is going to do that much work serving food in an hours time to deserve a tip of more than a hundred dollars of my money without hearing the soft tap tap tap of someones head gently bouncing off the bottom of the table.
    If you break the rules you can't make the rules.
    - Remove Coach Tomlin from the NFL Competition committee.




  14. #89
    Join Date
    Apr 2009
    Posts
    13,453
    Blog Entries
    5

    Re: How Ex NFL'ers Go Broke

    Quote Originally Posted by Real Fan Dan View Post
    I have a couple questions about this whole thread and this whole tipping thing lol.

    1. First, looking at the prices on Mr. Merriweather's bill, I have to wonder how many people are willing to pay those kinds of prices, and are there enough folks that stupid to run a business off them?

    2. I firmly believe in tipping folks between 15% and 20 %. I had the finest meal of my life in the Rainbow Room Grille on the 85th floor of Rockefeller Center in New York at Christmastime. The place is reputed to have one of the top ten dining experiences in the world. We had three white tuxedoed waiters attending our party of six and they did a fantastic job. Everyone agreed that 25% was appropriate and I gladly paid it. I recall the bill was just short of $300 for the wife and I, including 4 courses, drinks and tip. That is pretty much top of the line for me. I can't see the likelihood of the meal, the service or the ambience being much better and I'm certainly not going to pay much more for a single meal no matter how good a turd it might make lol.

    3. Which brings me to the following conclusion: If I were to one day have a meal that costs significantly more than the one described above, I see absolutely no sense in tipping more than $100. Ie; $400 meal = $100 tip. $15,000 bar bill - please shoot me for stupidity after I give you your $100 tip. I don't care what the bill is. Nobody is going to do that much work serving food in an hours time to deserve a tip of more than a hundred dollars of my money without hearing the soft tap tap tap of someones head gently bouncing off the bottom of the table.

    That post reminds me of the episode on the Sopranos when Tony's
    gang ate out and the youngest guy in the gang had to pay for everyone
    which was the custom. He kept bitching but Tony said thats the rule.

    So at the end he paid the bill and tipped the going rate of 10% back then. He's
    out on the parking lot talking and the waiter came out and said was there a problem.
    The guy said I tipped you 10%. He said deserved more for a big crowd like that. I
    have kids in college to pay for.

    The old guy had a heart attack arguing so both the guys shot him
    in the lot and ran off.




  15. #90
    Join Date
    Aug 2007
    Location
    Houston, TX Y'all
    Posts
    27,526

    Re: How Ex NFL'ers Go Broke

    Quote Originally Posted by AirFlacco View Post
    So at the end he paid the bill and tipped the going rate of 10% back then.
    Chris tipped $16.00 on an $1,100 bill. And the "going rate" for tipping in the US has never been 10%.

    Quote Originally Posted by AirFlacco View Post
    The old guy had a heart attack arguing so both the guys shot him in the lot and ran off.
    No. They threw a rock at his head as he walked away, went into convulsions and then they shot him.
    WARNING: This post may contain material offensive to those who lack wit, humor, common sense and/or supporting factual or anecdotal evidence. All statements and assertions contained herein may be subject to literary devices not limited to: irony, metaphor, allusion and dripping sarcasm.




Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Russell Street Report Website Design by D3Corp Ocean City Maryland