Re: [nas] Hong $

[Stan Collins <paretooptimalman@netscape.net>]

Yaqui Sammer wrote:

>http://www.soccernet.com/global/news/2002/1105/20021105hong.html
>
>Interesting financial data for Hong:
>
>Base: ~$259k
>Incentives: ~$224k
>Transfer Fee: ~$812k
>
>Total 1st year investment:
>~$1.3MM / $30 ticket = ~ 43,333 tickets
>
>which = 2888 extra fans per game to break even....
>  
>
Tht's probably an overestimate.  Should Hong actually hit those 
incentives, it'll mean he was doing something right on the field, which 
in itself would sell tickets that his mere presence would not (since 
he's a defender, some of those are bound to be team incentives, and 
basically all of them should be related to making a contribution to the 
team).  MLS often doesn't bat an eye at paying a guy $250k plus 
incentives just because he's a good player.  It's the *difference* 
between what they're paying Hong versus wht they'd pay another player of 
equal talent that constitutes what one could consider the 'Hong 
premium.'  This is a harder number to arrive at, but it's certainly less 
than his full remuneration.  (Consider also that if Hong stays for more 
than a year, you have to pro-rate that transfer fee over the time he's 
here).

Stan collins


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