Griffith signs with Raiders

[Scott Campbell]

There is something that needs to be said here...................

Good post.

Weak FA class + Increased salary cap = GM's throwing cash around like drunken sailors.

[the_idle_threat]

Re: Thompson

It's really mind-boggling that ANYONE defends Teddy's methods here. While other GM's were lining guys up for visits and stroking ego's, Thompson sat back and did NOTHING. He has not improved this team and anyone who says he has is a freaking idiot.

Thompson has no intention of winning this season or next. He could care less about Favre and that's a FACT. Don't you guys get it by now? Teddy is a DRAFT ADDICT. The draft is what floats his boat. He's gotta prove to everyone just how smart he is.

But some of you are so blinded that it's gonna take another 4-12 season before you open up your eyes. I suggest a few of you take a course in simple economics. Get over the whole -"that team really over-paid for that guy" shit and realize this is now the market. Several teams improved their roster and even a blind fool can't argue that fact. Sadly, the Green Bay Packers are worse off now than when the season ended. The Saints are better and so are the 49'ers.

Those who make excuses for Thompson do so out of blind faith. I saw lot's of that "blind faith" in the 70's and 80's. However there is a big difference between then and now. Back then, they did'nt have the cash the Packers do today and no one wanted to play in GB. Thompson has no excuses. There were guys out there who could help us NOW! He did'nt anticipate the feeding frenzy. He thought he could just sit back and wait. Well he was WRONG.

Thompson had the cash and the talent was out there to make 1 more run with Favre. That's what those of you who defend Teddy just don't get and it's sad. You think this slow and steady way stock-piling draft picks is the answer yet you fail to realize how every organization who loses their franchise QB has a hard time winning after he's gone. History does'nt lie.

This may come as a shock but the Brett Favre's don't come around every season. Thompson's legacy will be how he did'nt even try to win with Favre and that SHOULD be unforgivable for every Packer fan.........

I got my undergraduate degree in economics, so allow me to explain why you are wrong.

Free agency is an auction market, where the highest bidder wins the free agent's services.* Where there are multiple bidders, some will value the free agent's services at exactly what they are worth, given the player's potential production, injury risk, age, etc.. Other bidders will undervalue the free agent's services, perhaps by focusing too much on the risk vs. the potential reward, and still others will overvalue the free agent's services, by ignoring or discounting known risks or overestimating the potential reward. The bidder who most overvalues the free agent's services will always win the auction. This is known as the "winner's curse".

This means that a team will always overpay for the free agents they land, unless there are truly no other teams interested (no other bidders), so a team is wise to sign as few as possible, and be very strategic about it. After all, the player has to perform to enhanced expectations in order to be worth the deal. Otherwise, you get a Joe Johnson or a KGB.

It's also fair to note that none of the teams who have signed big free agents have improved themselves yet. San Francisco and New England look better on paper than they did before, but they haven't won any games this month. Let the offseason play out before you jump off that ledge, or before you push fellow Packer fans off it because they are not in panic mode like you are.



*---Sure, there are other factors involved in signing a free agent, such as weather, tradition of the team, whether it's already a playoff team, quality of the facilities, etc. Since Green Bay has weather and (currently) playoff team counting against, and tradition and quality of facilities counting in favor, it's pretty much a wash, IMO.

[red]

yeah, idle, but every single player will try and get into that bidding war if the team they are on doesn't get close to the new type of money

a safety just scores big in free agemcy gets a 40 million. that sets the bar. now the next safty will come along and want the same thing or better

nick barnett is now saying, i want what so and so just got, i'm at least worth what he is. it doesn't matter is its a wide open auction or a normal marketplace

and unless we had a set list of values for players then we have to rely on the open market to see what

the nfl doesn't have a place like a wal-mart where we can just go in and get a player at a hard line price ("lets see, starting safety, thats 19.98"). the only thing the nfl has is the auction block. and that dictates the value

[retailguy]

Re: Thompson

I got my undergraduate degree in economics, so allow me to explain why you are wrong.

Free agency is an auction market, where the highest bidder wins the free agent's services.* Where there are multiple bidders, some will value the free agent's services at exactly what they are worth, given the player's potential production, injury risk, age, etc.. Other bidders will undervalue the free agent's services, perhaps by focusing too much on the risk vs. the potential reward, and still others will overvalue the free agent's services, by ignoring or discounting known risks or overestimating the potential reward. The bidder who most overvalues the free agent's services will always win the auction. This is known as the "winner's curse".

This means that a team will always overpay for the free agents they land, unless there are truly no other teams interested (no other bidders), so a team is wise to sign as few as possible, and be very strategic about it. After all, the player has to perform to enhanced expectations in order to be worth the deal. Otherwise, you get a Joe Johnson or a KGB.

It's also fair to note that none of the teams who have signed big free agents have improved themselves yet. San Francisco and New England look better on paper than they did before, but they haven't won any games this month. Let the offseason play out before you jump off that ledge, or before you push fellow Packer fans off it because they are not in panic mode like you are.



*---Sure, there are other factors involved in signing a free agent, such as weather, tradition of the team, whether it's already a playoff team, quality of the facilities, etc. Since Green Bay has weather and (currently) playoff team counting against, and tradition and quality of facilities counting in favor, it's pretty much a wash, IMO.

I have a BA in Managerial Accounting (after switching from an Economics/Political Science major (6 credits short)), I do have a minor in econ. I also have an MBA, and have taught macro and micro economics at the Community College level.

Let me explain what your analysis is missing.

First, a true economist would realize that you cannot "ESTABLISH EXACTLY" the value as you claim, you can only make educated approximations. I've evaluated the "worth" of businesses for YEARS, and always issue a "range" of value with "disclaimers". Failure to do so would render my analysis FLAWED.

Second, you fail to use capitalism to explain what happens AFTER the auction. I agree with you that the bidder who pays the most wins the auction, however, people continue to buy things at auctions everyday and will continue indefinitely into the future.

If the buyer always ended up losing money, as you imply, after a relatively short period of time, people would stop buying things at auction. They haven't and they don't stop. Why? Simple.

The value of what they bought increases or decreases after auction. It increases on a frequent enough basis that the auction model continues. Some "overbidders" (as you claim) are successful enough that the model keeps working.

I would maintain, that the winning bidder, pays the highest possible market value at that given time, provided the "most interested parties" that want the item are in the room.

In Ahman's case that's true, anyone who wanted to "bid" was accorded the opportunity. I happen to agree with you, in his case, by thinking that Ahman got more than he should have, but disagree that this is a "defined fact" as most posters in this room claim. There is more to the story, and the "outcome" can't be judged until Christmas.

That being said, whether Houston overpaid, or not, Green Bay still LOST in this deal, because Green was a good football player, and intrinsically, has more value HERE than anywhere else. Regardless of whether or not he was "overpaid", there is an unfilled HOLE in Green Bay, and any manner in which you choose to slice it, that's a LOSS.

[Scott Campbell]

Re: Thompson

I have a BA in Managerial Accounting (after switching from an Economics/Political Science major (6 credits short)), I do have a minor in econ. I also have an MBA, and have taught macro and micro economics at the Community College level.

Geesh - do you want to measure pee pees?

[falco]

i never brought it up before, but since we are all bragging, I have a dual phd in sports management and message board posting, so y'all need to just shut up.

[Scott Campbell]

i never brought it up before, but since we are all bragging, I have a dual phd in sports management and message board posting, so y'all need to just shut up.

Pffft - I can trump that. I slept in a Holiday Inn Express last night.

[falco]

i never brought it up before, but since we are all bragging, I have a dual phd in sports management and message board posting, so y'all need to just shut up.

Pffft - I can trump that. I slept in a Holiday Inn Express last night.

...now that you mention that i'm pretty sure that was how TT got the job.

[Bretsky]

I have a BS Degree

I'm a BullShit artist and pretty dang good at it....

[BooHoo]

I have a degree in economics also. See: "economics is about making rational decisions among alternatives."

[oregonpackfan]

I have a master's in elementary education. With my behavior management skills with young children(or adults with minds of young children like Randy Moss) I would give Moss 5 minute timouts in the corner. When he timeout was completed he would do community service like cleaning the floor, picking up trash along the highways...

Only then would he be allowed to play pro football!

[Joemailman]

I had a good Christian raisin' and an 8th grade education.

[Patler]

Re: Thompson

That being said, whether Houston overpaid, or not, Green Bay still LOST in this deal, because Green was a good football player, and intrinsically, has more value HERE than anywhere else. Regardless of whether or not he was "overpaid", there is an unfilled HOLE in Green Bay, and any manner in which you choose to slice it, that's a LOSS.

You are just as guilty as those you complain about for posing as fact that which is not yet proven.

If Green goes out and drops off the ledge of production as Earl Campbell and Eddie George did from one season to the next, or if his leg gives out in preseason, the Packers did not lose in the deal, they GAINED. If they find a young runner or runners at substantially less cost who can perform as well as Green would THIS year (they don't have to be the Green of 2003, because Green himself no longer is) the Packers have not suffered a loss. In fact, with less cost and a longer future, they will have gained.

Losing out in the bidding for Green could be bad for Green Bay, or it could be the best thing that happened to them. We won't know until later.

Much the same thing happened with Marco Rivera. Again they had the opportunity to match what Dallas offered. In the long run, its fortunate that they let him go. We could all be saying the same thing about Green next year.

[gureski]

Re: Thompson

I have a BA in Managerial Accounting (after switching from an Economics/Political Science major (6 credits short)), I do have a minor in econ. I also have an MBA, and have taught macro and micro economics at the Community College level.

Geesh - do you want to measure pee pees?

They don't call me the Kilebasa Rat for nothing....

[retailguy]

Well, here is the proof St. Lou was right. There really is a "clique" in here.

Funny how all I did was respond to Idle using the same language and credentials he had and you are all picking on me but not him.

WHY?

Simple

"The mob" agrees with him.

Even Bretsky.... Well, I expected better but not surprised.