Down and Distance
So, which is it? Are we talking about football today to focus on bread and circuses, or have we decided that things like nationally-televised sporting events are insignificant today, the Darkest Monday to occur in the history of all of mankind or something?
That is a trick question. Hell, yes, we are talking about football. The $700 billion bailout package failed today, and stocks plummeted further than anytime since the Dow Jones Industrial Average began tracking such things in 1896. But as of this writing, Monday Night Football has not been canceled, so we will enjoy the sight of Pittsburgh steamrolling over the Baltimore Ravens in blissful ignorance of the current economic situation.
It only becomes a crisis when they cancel Monday Night Football. Write that down.
[you don't seem to be taking it all that seriously] I’ll admit it, I’m not. The bailout package, as discussed last week, was a dumb piece of unjustified, ill-considered shock therapy that offered no accountability to anyone, and I am happy to see it defeated. The numbers never made sense, and no one could ever explain where they came from. Most importantly, there was never any guarantee that it would actually help anything.
So what the hell? Sorry about your stocks, y’all, but this wasn’t the way to keep the numbers high. To use yet another football metaphor, in a feeble attempt to keep this column on-topic, it doesn’t matter if you manage to pull a quick third-quarter lead if you’re not prepared for the end-game, and the previous week’s stock surge as all the wide-eyed brokers and bankers prepared for the coming of Government Santa was the same thing that happened in weeks two and three to my beloved Chicago Bears- a flash of hope before reality came crashing down.
Or, to put it slightly more positively, if you’re bummed that the bailout didn’t happen and see the 777-point slide the Dow took today as a great tragedy, consider this- how fucked would we be if we had spent $700,000,000,000 on the bailout and it stilldidn’t work?
[at least as fucked as the Cincinnati Bengals] Onto the bread and circuses, then. Rome may fall, but it’s not going to be for lack of a bankruptcy bill, and the fact that the Ravens and the Steelers just kicked off proves that it won’t happen tonight.
Instead we get another week the most interesting NFL season in years. As of Week Four, there are only two 4-0 teams in the league, both in the AFC: Buffalo and Tennessee. Neither of them has appeared dominant, and aside from the 2-2 Jacksonville Jaguars, they’ve both faced nothing but teams with losing records. The New York Giants have a 3-0 going, with a bye this past Sunday, and depending on the outcome of tonight’s game, Baltimore could end up 3-0, as well. This isn’t going to be a year where 16-0 is a likely possibility for anybody even as far into the season as the midway point, and the result is exciting football. By week nine, most of the league could well be at 4-4, and the competition will only get more fierce. If the financial situation does precipitate the Collapse Of Western Society As We Know It, they’re really delivering on the bread-and-circuses front.
[the week ahead...] I spend a lot of time in this column ridiculing people for making stupid predictions, which has led to some readers accusing me of taking the easy way out. Dan, they say, you say that everyone else’s predictions only expose their ignorance, but you never offer any of your own. Is that really fair?
I am forced to admit that it is not. So here are some things I expect will happen this week:
- The economy does not fully meltdown, proving that everyone who said we had to act now now now, before anyone even had a chance to read the fucking bailout bill, was maybe exaggerating its urgency.
- Sarah Palin, dealing with lower expectations than anyone in America except maybe whoever ends up succeeding Matt Millen as the Detroit Lions’ general manager, ends up being declared the winner in Thursday night’s debate with Joe Biden. She’ll achieve this because everyone watching will expect to see her ramble incoherently like Miss Teen South Carolina about how some people don’t have maps, and instead she’ll recite pre-scripted talking points to any number of questions. Joe Biden will not tear out her throat with his teeth, or even call her a moron to her face.
- John McCain will do something so fully retarded that it’s near-impossible to see coming beforehand. Like, maybe he eats a baby on TV or something.
- Tennessee falls to Baltimore.
- Buffalo falls to Arizona.
- The Falcons beat the Packers.
- The Chiefs beat the Panthers.
- The Eagles win over the Redskins, and the NFC East remains more or
less even. - Brett Favre contracts a case of whooping cough on Saturday morning, and slowly falls back into retirement.
That’s a good list, I think, a solid set of predictions that I feel good about. At least six of them will happen, and the three that don’t will be near-misses. Take that to your bookie, and when you come back next week, and I talk more shit about people who make foolish predictions, know that it’s coming from a position of strength.
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5 Comments, Comment or Ping
TROUBLMan
In recent years, we’ve seen some monster contracts andcrazy signing bonuses, but as the financial crisis impacts individual team’s bottom lines I’ll make another prediction. As a result of the financial crisis, players’ careers are going to get shorter on average. Why? Because, it’s cheaper to pay younger players rather than recycling veterans.
In the NFL, a player’s minimum salary is determined by a sliding scale, which takes into account how many years a players has played in the league. Last season, the minimum salary for a rookie was $285,000. Second-year players were paid $360,000; Third-year $435,000; Fourth-year $510,000; Fifth- through seventh-year $595,000; Eighth- through tenth-year $720,000, etc.
The NFL stands to lose at least tens and probably hundreds of millions a year because of the financial crisis. Less people can afford to buy tickets, concession at games, their favorite teams apparel . and even the pay-per-view cable packages they sell.
League are very savvy business men and in order to make up for this loss revenue, watch them put more effort into finding younger talent who they can pay less. On a team of 53 players substituting a few vets for rookies seems small, but it translate into big money when you do the math.
So my prediction is that the average NFL career is going to continue to get shorter…
[Reply]
Alwayswrite reply on October 2nd, 2008 10:54 am:
I see your point. On average, though, NFL players get paid less than all other sports anyway–which probably has to do with the shorter season. And less money does impact what a person spends it on. Typically, when a person has to choose between entertainment and necessity, a person chooses necessity,especially if they have responsibilities (i.e., kids, wife, home…). However, as Monday Night Football goes on, as Mr. Solomon cited, that might not be the case. People are still paying for their cable packages…someway (although I am a victim of less more, less cable).
National and personal economies are in the shits right now. But, I’m still going to entertain myself some sort of way. I have to. And everyone should. Buy a bottle, instead of bar drinks. Oatmeal instead of steaks. Shit, get rid of text messaging (that shit kills me every month). In trying times, we have to try different things.
Even a $700 Bill bailout? Well…don’t try everything.
[Reply]
Dan Solomon reply on October 5th, 2008 4:13 pm:
That’s the point of bread-and-circuses; you gotta keep yourself entertained when it starts to fall apart. I’m inclined to think we’ll see more money pumped into things like football/etc, if this progresses further.
During the Great Depression, the boom-industry was publishing, as a paperback novel was still dirt cheap and could be passed around to the entire community. A pocket paperback is $8 now, so that’s not the form of entertainment you’ll see booming. But entertainment media always booms during a recession. People need to take their mind off of things, or to have the shit that’s going on processed for them. The form that becomes dominant will be determined by the maximum bang-for-buck (video games are a good guess, especially if they drop 15% or so in cost-per-game), but I suspect cheap television and an extended sports schedule is a good bet, too.
–d
[Reply]
Alwayswrite reply on October 5th, 2008 9:00 pm:
The drug industry will skyrocket too, if we use the foregoing logic. The best way to get your mind off of things, especially while broke, is to ‘get your mind of things.’ Get high. I would really be interested in seeing the stats on that. Of course, our government has terrible stats on drugs–except the ones our government peddles. We’ll see…
[Reply]
Dan Solomon reply on October 5th, 2008 4:16 pm:
That brings up a really interesting point, but it doesn’t take into account the way the minimum salary is determined (which is the same as the salary cap, thanks to union rules)- it’s a percentage of the total profits for the league the previous year. If revenue falls, league-mandated salaries will fall with it, and the basic math will stay the same. I think you’re more likely to see star players take a pay cut than forced out of the league via minimum wage. At the very least, Dan Snyder’ll find a way to pay them.
–d
[Reply]
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