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yk9001

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Posts posted by yk9001

  1. 9 hours ago, cals said:

    We all have to remember how deferred money works and how much that money is expected to be worth in X amount of years.

    Because of inflation, which despite its high growth the last couple years, has been about 3% a year.

    So ultimately his deal will cost about 450,000,000 in today’s money, is what I’m reading.

    And an economist or accountant here can clarify this but as such, Moreno could have put a decent amount into an interest bearing account that would guarantee that it wouldn’t cost more than the 450,000,000, despite future economic changes.

    That said, I ultimately think AIDS Magic and the rest of the Dogs group plan is to offer him an ownership stake to buy out the massive rest of the contract when he’s done.  Or not.  Who knows.

    20 year treasuries have a 4.22% YTM; they were 4.68% a couple weeks ago.

  2. On 8/3/2023 at 3:50 PM, Crampknees said:

    Lou had done one of the funniest things to me ever here.  I had posted something, he edited and changed some wording, then I ran around trying to figure out why I said that.  

    I didn't want to say anything but as good a time as any, I have just recently joined the C club. I recently had a tumor removed and by all intent purposes it was a cut it out and you should be ok but the pathology came back with 2 growing in one.  A yay and a nay.  The nay is very aggressive.  Lot of gears shifting in my head right now. 

    Hey, cramp - My thoughts are with you.  Hang in there, buddy.  You have our support.

  3. I haven't spent as much time around this parts as I'd like.  But I do know when I do, I am going to see a Sam Blum tweet.  Followed by many posters/mods calling him basically a c*ck sucker.  I can't figure out how this despised Angels reporter is continually posted here (and obviously followed).  I go back to the Howard Stern movie from one million years ago.

    • Researcher : The average radio listener listens for eighteen minutes. The average Howard Stern fan listens for - are you ready for this? - an hour and twenty minutes.

      Pig Vomit : How can that be?

      Researcher : Answer most commonly given? "I want to see what he'll say next."

      Pig Vomit : Okay, fine. But what about the people who hate Stern?

      Researcher : Good point. The average Stern hater listens for two and a half hours a day.

      Pig Vomit : But... if they hate him, why do they listen?

      Researcher : Most common answer? "I want to see what he'll say next."

  4. That is a well written article for a pretty complicated maneuver.  Here is their hypothetical example.  Even though the article is only six years old, just add a zero onto everything 🙂

    Now, let’s use the same hypothetical for the current RDA. A purchaser or group of purchasers buys a sports franchise for $150 million, with $100 million of that being for the franchise and player contract rights.48 Under the 100/15 rule, the franchise can depreciate $100 million over fifteen years, or about $6.67 million per year. That means that $6.67 million of revenues per year are not taxed. Assuming a tax rate of 35 percent, the franchise owners gain approximately $2.33 million in taxes, which they would have had to pay the IRS without the RDA. Multiplied by fifteen years, that equals about $35 million in tax savings.

    These examples have two caveats. One is that, in the examples above, if an owner buys a team for $150 million he will almost certainly allocate far more than $100 million to the franchise and player rights ($100 million is only 67 percent of $150 million, but remember Bud Selig allocated 94 percent to player rights alone). Thus, the tax advantages to the owners under the current rules would be even greater than the example illustrates. The last ten times a major sports franchise (NHL, NFL, NBA, or MLB) was sold, the prices ranged from $170 million to $2.15 billion, with five of those ten between $200 and $600 million.49 So, if a team were purchased for $400 million and the owners allocated $376 million to player rights and other depreciable intangibles ($376 million is 94% of the purchase price, which Bud Selig got away with), they could depreciate just under $25.1 million per year, which at a 35 percent tax rate would be savings of $8.77 million per year to the owners.

     

     

    Nobody here need to get into the weeds on any of this stuff.  Just know that its a great deal for owners, almost a 'double dipping' of expenses that lasts for 15 years. 

  5. 3 minutes ago, m0nkey said:

    I am sure @yk9001 has never made a judgement about anybody wearing anything.  What anyone wears has no impact on your own life, so why do we judge? 

     

    Nope.  Why do I give a fuck?

    Except for the dude who bought the $300 trout jersey, who couldn't pay for basic necessities. 

  6. 1 hour ago, m0nkey said:

    This is the one that never made sense.  I can see the argument for those that wear it outside, maybe they still believe what we were first told and to mask up whenever you're in public, fine.

    But when you're alone in your car? Scared of your own respiratory droplets? 

    I agree on the surface, it doesn't make sense.

    On the other hand, why in the fuck do you care, since it doesn't affect you in the slightest bit?  Maybe they feel comfortable with a mask on.  Maybe they are uber drivers.  Who the fuck knows?

    We live near a middle school.  Every day not three months ago, I see tons on middle schoolers walking home in the open outdoors, with masks on.  Someone who works with teens tells me that a lot of teens like wearing masks.  Same as wearing a hoodie.  It can cover up their emotions. Cover up acne.  Whatever.  Makes sense to me.

    I see online people complaining about other people wearing masks.  They overwhelmingly come from the political persuasion of "Leave me alone" "Don't interfere with muh freedoms", "don't tread on me" and all that other stuff.  Yet here is a situation when a dude is in a car, wearing a mask, and he ISN'T BOTHERING OR HARMING ANYONE ELSE.  Yet this person is still catching strays from people.

    Why is the car guy wearing a mask?  Who the fuck knows?  But it is harming absolutely nobody.
     

  7. It doesn't work, trust me 🤣

    SEVERAL FANS were wearing “Just say no to L.A.” T-shirts, but I got to the bottom of that. Paul Ollen said he’d been making the shirts and selling them on EBay for $13. “Our peaceful protest,” he said, which then drew a protest from his wife, Judy.

    “I’m tired of it,” said Judy, who apparently has been doing more than her full share when it comes to production.

    Ollen, meanwhile, asked if he could have his picture taken with me and -- you guessed it -- he put his wife to work again and had her take the picture. Based on the look on her face, I’m not sure we’ll be seeing many more of those “Just say no to L.A.” T-shirts.

    https://www.latimes.com/archives/la-xpm-2005-feb-13-sp-simers13-story.html

     

     

  8. On 7/25/2022 at 7:40 PM, Jay said:

    I said it before and repeat it here: If I were the owner of a baseball team I would want to be involved.

     

    On 7/25/2022 at 7:54 PM, Stradling said:

    What owner of what business isn’t involved in the decision to fire someone that oversees your most valuable assets?  

    The problem is that the Angels owner isn't good at it.

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