Cash On Hand

TheOak · 03-10-2014, 08:25 PM

Originally Posted by The Dude

I think it is highly possible in the current economy especially since we know he has been spending up until this point. A lot of people who have a huge net worth are "cash poor"

The ticket price increase would support that theory also.

ChrisXVI · 03-10-2014, 08:28 PM

You really think Benson couldn't get the money if he needed it?

AsylumGuido · 03-10-2014, 08:55 PM

Originally Posted by ChrisXVI

You really think Benson couldn't get the money if he needed it?

He could come up with $100M tomorrow if he wanted. Chill.

ChrisXVI · 03-10-2014, 08:59 PM

In one of the most corrupt cities in America we're speculating that a billionaire might not be able to come up with a few extra million LOL.

AsylumGuido · 03-10-2014, 09:01 PM

Originally Posted by ChrisXVI

In one of the most corrupt cities in America we're speculating that a billionaire might not be able to come up with a few extra million LOL.

Yup, pretty dumb, huh?

TheOak · 03-10-2014, 09:08 PM

A billion dollar corporation can easily be cash broke due to cash flows. Just because you have a multi-million dollar contract, doesn't mean your getting paid faster than you are spending or investing.

Payable vs Recieveable

hagan714 · 03-10-2014, 10:45 PM

this is why we raised season tickets prices, ya think

AsylumGuido · 03-10-2014, 10:59 PM

Originally Posted by TheOak

A billion dollar corporation can easily be cash broke due to cash flows. Just because you have a multi-million dollar contract, doesn't mean your getting paid faster than you are spending or investing.

Payable vs Recieveable

Originally Posted by hagan714

this is why we raised season tickets prices, ya think

My God, are you two crazy?

Last year Benson was worth $1.2 billion. This year he is worth $1.5 billion. That is $300 million in net growth over the past 12 months. Right now he is looking for ways to distribute cash to offset the revenue to defray taxes. Current year spending in the form of a bonus would be a help.

As for ticket prices, you charge what you can get and he can get the tiny bit if the increase easily.

And, yes, I do have a degree in accounting in case you are wondering.

TheOak · 03-11-2014, 07:34 AM

Originally Posted by AsylumGuido

My God, are you two crazy?

Last year Benson was worth $1.2 billion. This year he is worth $1.5 billion. That is $300 million in net growth over the past 12 months. Right now he is looking for ways to distribute cash to offset the revenue to defray taxes. Current year spending in the form of a bonus would be a help.

As for ticket prices, you charge what you can get and he can get the tiny bit if the increase easily.

And, yes, I do have a degree in accounting in case you are wondering.

Nothing of what has been said in this thread speaks to liquidity, only assets or net worth.

Net Worth = assets - liabilities. Cash is only a portion of assets and since you are so confident in his cash holdings what are they?

Back to my original point; bonuses cant be paid to claim a tax deduction if there is not enough cash on hand to do so.

In regards to "can get", sure he can get, but at what cost?

I wasn't wondering, but thanks. I do not have a degree in accounting, I did sleep at a Holiday Inn Express though.

"Dumb" and "Crazy".. I see why you are the "Ambassador"

One question still remains... With all the incentive to restructure and give bonuses to get a tax break... Why haven't some of the most beneficial to the team contracts not been restructured?

AsylumGuido · 03-11-2014, 10:02 AM

Originally Posted by TheOak

Nothing of what has been said in this thread speaks to liquidity, only assets or net worth.

Net Worth = assets - liabilities. Cash is only a portion of assets and since you are so confident in his cash holdings what are they?

Back to my original point; bonuses cant be paid to claim a tax deduction if there is not enough cash on hand to do so.

In regards to "can get", sure he can get, but at what cost?

I wasn't wondering, but thanks. I do not have a degree in accounting, I did sleep at a Holiday Inn Express though.

"Dumb" and "Crazy".. I see why you are the "Ambassador"

One question still remains... With all the incentive to restructure and give bonuses to get a tax break... Why haven't some of the most beneficial to the team contracts not been restructured?

You're right, I apologize, but why restructure anything unless or until it is necessary? While restructuring frees up short-term cap it always comes at a long-term cost. The Saints are not in any dire straits right now. I don't understand this concern.

But back to your original post where you wondered about the cuts as opposed to restructuring. I feel it has a lot to do with the CBA an the rookie contract structures. Younger players are now much more cap friendly. Free agents are also more abundant due to the increased number of cuts, thus leading to lower salaries. It is like a self perpetuating circle. Why restructure a veteran player when you can now cut them and sign another at a more economic rate?

03-10-2014, 08:25 PM	#1
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,047	Re: Cash On Hand Originally Posted by The Dude I think it is highly possible in the current economy especially since we know he has been spending up until this point. A lot of people who have a huge net worth are "cash poor" The ticket price increase would support that theory also.

03-10-2014, 08:28 PM	#2
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Cash On Hand You really think Benson couldn't get the money if he needed it?

03-10-2014, 08:55 PM	#3
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,622	Re: Cash On Hand Originally Posted by ChrisXVI You really think Benson couldn't get the money if he needed it? He could come up with $100M tomorrow if he wanted. Chill.

03-10-2014, 08:59 PM	#4
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Cash On Hand In one of the most corrupt cities in America we're speculating that a billionaire might not be able to come up with a few extra million LOL.

03-10-2014, 09:01 PM	#5
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,622	Re: Cash On Hand Originally Posted by ChrisXVI In one of the most corrupt cities in America we're speculating that a billionaire might not be able to come up with a few extra million LOL. Yup, pretty dumb, huh?

03-10-2014, 09:08 PM	#6
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,047	Cash On Hand A billion dollar corporation can easily be cash broke due to cash flows. Just because you have a multi-million dollar contract, doesn't mean your getting paid faster than you are spending or investing. Payable vs Recieveable
	Last edited by TheOak; 03-10-2014 at 09:28 PM..

03-10-2014, 10:45 PM	#7
hagan714 LB Mentallity Join Date: Dec 2005 Posts: 15,870 Blog Entries: 68	Re: Cash On Hand this is why we raised season tickets prices, ya think

03-10-2014, 10:59 PM	#8
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,622	Re: Cash On Hand Originally Posted by TheOak A billion dollar corporation can easily be cash broke due to cash flows. Just because you have a multi-million dollar contract, doesn't mean your getting paid faster than you are spending or investing. Payable vs Recieveable Originally Posted by hagan714 this is why we raised season tickets prices, ya think My God, are you two crazy? Last year Benson was worth $1.2 billion. This year he is worth $1.5 billion. That is $300 million in net growth over the past 12 months. Right now he is looking for ways to distribute cash to offset the revenue to defray taxes. Current year spending in the form of a bonus would be a help. As for ticket prices, you charge what you can get and he can get the tiny bit if the increase easily. And, yes, I do have a degree in accounting in case you are wondering.

03-11-2014, 07:34 AM	#9
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,047	Re: Cash On Hand Originally Posted by AsylumGuido My God, are you two crazy? Last year Benson was worth $1.2 billion. This year he is worth $1.5 billion. That is $300 million in net growth over the past 12 months. Right now he is looking for ways to distribute cash to offset the revenue to defray taxes. Current year spending in the form of a bonus would be a help. As for ticket prices, you charge what you can get and he can get the tiny bit if the increase easily. And, yes, I do have a degree in accounting in case you are wondering. Nothing of what has been said in this thread speaks to liquidity, only assets or net worth. Net Worth = assets - liabilities. Cash is only a portion of assets and since you are so confident in his cash holdings what are they? Back to my original point; bonuses cant be paid to claim a tax deduction if there is not enough cash on hand to do so. In regards to "can get", sure he can get, but at what cost? I wasn't wondering, but thanks. I do not have a degree in accounting, I did sleep at a Holiday Inn Express though. "Dumb" and "Crazy".. I see why you are the "Ambassador" One question still remains... With all the incentive to restructure and give bonuses to get a tax break... Why haven't some of the most beneficial to the team contracts not been restructured?
	It's not what you look at that matters, it's what you see. ~ Henry David Thoreau Last edited by TheOak; 03-11-2014 at 09:11 AM..

03-11-2014, 10:02 AM	#10
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,622	Re: Cash On Hand Originally Posted by TheOak Nothing of what has been said in this thread speaks to liquidity, only assets or net worth. Net Worth = assets - liabilities. Cash is only a portion of assets and since you are so confident in his cash holdings what are they? Back to my original point; bonuses cant be paid to claim a tax deduction if there is not enough cash on hand to do so. In regards to "can get", sure he can get, but at what cost? I wasn't wondering, but thanks. I do not have a degree in accounting, I did sleep at a Holiday Inn Express though. "Dumb" and "Crazy".. I see why you are the "Ambassador" One question still remains... With all the incentive to restructure and give bonuses to get a tax break... Why haven't some of the most beneficial to the team contracts not been restructured? You're right, I apologize, but why restructure anything unless or until it is necessary? While restructuring frees up short-term cap it always comes at a long-term cost. The Saints are not in any dire straits right now. I don't understand this concern. But back to your original post where you wondered about the cuts as opposed to restructuring. I feel it has a lot to do with the CBA an the rookie contract structures. Younger players are now much more cap friendly. Free agents are also more abundant due to the increased number of cuts, thus leading to lower salaries. It is like a self perpetuating circle. Why restructure a veteran player when you can now cut them and sign another at a more economic rate? Rugby Saint II likes this.

LinkBacks (?) LinkBack to this Thread: https://blackandgold.com/saints/64741-cash-hand.html
Posted By	For	Type	Date	Hits
The Latest New Orleans Saints News \| SportSpyder	This thread	Refback	03-10-2014 11:29 PM	1
Cash On Hand	This thread	Refback	03-10-2014 04:20 PM	26