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Post by beaveragain on Apr 23, 2020 12:03:53 GMT -8
Barnes, Smith, and Tinkle had a 7% cut. The rest of the coaches based on original pay took up to 5% pay cut.
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Post by Henry Skrimshander on Apr 23, 2020 14:58:30 GMT -8
Barnes, Smith, and Tinkle had a 7% cut. The rest of the coaches based on original pay took up to 5% pay cut. Coaches are being paid in full, and donating a predetermined portion back to the university. Otherwise entirely new contracts would have been needed for each affected employee. |
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Post by beaveragain on Apr 23, 2020 17:22:22 GMT -8
Ok Mr. Lawyer, what you said. They are "donating" their pay.
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Post by Henry Skrimshander on Apr 23, 2020 19:19:28 GMT -8
Ok Mr. Lawyer, what you said. They are "donating" their pay. Yes, they are. Big, big, big difference from having their salaries "cut." Details matter. |
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Post by beavershoopsfan on Apr 24, 2020 8:41:26 GMT -8
Ok Mr. Lawyer, what you said. They are "donating" their pay. Yes, they are. Big, big, big difference from having their salaries "cut." Details matter. True. If the coaches are state employees for pension purposes and contribute (and I would speculate that they do) to the Oregon PERS retirement system, then receiving their full salary and then "donating" a portion of that salary back to the university is beneficial to the employees' eventual final average salary calculations for retirement pension calculation purposes. That may be a key reason why the less direct "donation" method is being utilized to return a portion of the coaches' salaries to the university. |
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Post by fishwrapper on Apr 24, 2020 10:14:01 GMT -8
Don't forget the tax benefits. They are not donating to the school; they are donating the OSU Foundation, so they will have a write off available next April.
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Post by Henry Skrimshander on Apr 24, 2020 10:23:51 GMT -8
Don't forget the SSI implications, either. Nice to see that critical thinking shall not perish from the earth.
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beavs6
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Post by beavs6 on Apr 24, 2020 10:54:38 GMT -8
Don't forget the SSI implications, either. Nice to see that critical thinking shall not perish from the earth. Correct me if I am wrong...and I'm sure someone will... but SS has nothing to do with it because they are SO FAR over the max income used for contribution/benefit calculations. Correct on the income tax deduction(itemized) and retirement/PERS calculations.(although there may be caps there as well) |
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Post by fishwrapper on Apr 24, 2020 11:29:34 GMT -8
The bottom line is that the 7% donation doesn't directly impact the bottom line of the department; certainly not where coach salaries are concerned. Yes, OBN can use the money to pay into the department...for what, exactly? And what is the overhead of the Foundation? How much of the 7% will get back to athletics?
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Post by beavershoopsfan on Apr 24, 2020 11:33:03 GMT -8
Don't forget the SSI implications, either. Nice to see that critical thinking shall not perish from the earth. Correct me if I am wrong...and I'm sure someone will... but SS has nothing to do with it because they are SO FAR over the max income used for contribution/benefit calculations. Correct on the income tax deduction(itemized) and retirement/PERS calculations.(although there may be caps there as well) Yep. The Social Security cap for gross income should be in the $135k range for 2020, so the coaches with the higher salaries are beyond that cap. But, many of the assistants in the less profile sports will be below that figure during 2020. I am assuming that the assistant coaches will be/are donating as well. |
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Post by ag87 on Apr 24, 2020 11:34:08 GMT -8
Don't forget the SSI implications, either. Nice to see that critical thinking shall not perish from the earth. Correct me if I am wrong...and I'm sure someone will... but SS has nothing to do with it because they are SO FAR over the max income used for contribution/benefit calculations. Correct on the income tax deduction(itemized) and retirement/PERS calculations.(although there may be caps there as well) This. I'm not sure what the exact number is, but after about the first 115K, there is no more FICA. I've wondered about a PERS cap, but I've never worked for the government to know if there is or there is not. |
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Post by sparty on Apr 24, 2020 11:34:37 GMT -8
Swedish womens mud wrestling will be a go this fall. Sweden is going the herd immunity route and Stockholm is almost there.
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Post by Henry Skrimshander on Apr 24, 2020 13:44:08 GMT -8
Not all of our head coaches earn $135K, I'd bet. As mentioned, most assistants/department staff certainly don't, if they are also participating.
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Post by ag87 on Apr 24, 2020 18:25:35 GMT -8
This. I'm not sure what the exact number is, but after about the first 115K, there is no more FICA. I've wondered about a PERS cap, but I've never worked for the government to know if there is or there is not. FICA is comprised of both SSI and Medicare. The SSI portion has the cap you speak of, but the Medicare portion has no earnings cap. didn't know that, thank you |
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Post by rmancarl on Apr 24, 2020 19:34:31 GMT -8
Getting back to the orginal question, I'm not sure we will make enough strides to have sports this fall, and maybe not even winter, but I do think there is a real shot for late winter/early spring sports.
I could see a few things happening---winter sports being pushed to January or February with condensed schedules and March madness becoming May madness. I could see basketball having 3 games per week with Pac-12 games on the weekend, and a non-conference game in between. It would mean playing a lot of local schools for the non-conference games.
I could see them limiting game attendance to 1/3 capacity, asking fans to pay for streaming games (yes, I would pay under these circumstances), taking temperatures (or testing) before games, requiring mask, or a number of other preventative measures.
I have a little faith (hope) that more headway will be made in treaments (although a vaccine is unlikey that soon), and finding new means of avoiding/fighting the virus.
We're really only a couple months into dealing with this in our country. Each day, week, and month that passes now is going to provide a wealth of information, that hopefully will help us return closer to our old ways of living.
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