Speculation: Roster Building Thread XXXVII: It's the Final Countdown

[RGY]

This is the point right here. He literally doesn't find school interesting and his preferred field of work IS SPORTS.

It's honestly amazing to witness you shrug off participating in a multi-billion dollar professional industry like it belongs under the 'hobbies and interests' section on your linkedin--meanwhile, $1.7 MILLION DOLLARS, is like allowance for 2 years.

How ignorant are you? What magical land do you live in? Is it one where there are endless jobs available throughout the NHL? The Rangers are just going to fire people who have the credibility and are already in those positions? Or better yet they’re gona create a position for failed prospect K’Andre Miller? No, sorry those type of exceptions are made for players like Brad Richards. Where does he go work then? Oh, I guess he could be an “account executive” for the team selling tickets. Yea I guess they could bypass the usual stipulations sports teams have for those positions.

Hey I guess he could go intern at Wisconsin. Yea. He can work there instead. I mean Wisconsin would assuredly want him to finish his degree so then were back at that fork in the road decision.

Just so incredibly ignorant to think a college education and degree is not important or that it provides an edge. You completely ignored the part where the degree helps just get your foot in the door for the interview.

I really hope K’Andre finishes his education. It would be a disservice to himself to not do so and to put his eggs all into the pro hockey career basket. I sure hope he blossoms into an NHLer that makes a healthy career of it so that he doesnt have to go back to Minnesota and work at an ice rink.

The rest of your post is sheer opinion and conjecture. There is no use in addressing it.

 

[mas0764]

lol. I know you're not from America, so this may shock you: 430k a year for three years is more than many many many many (most), people make in a lifetime. The median household income is like 33k -- 58k here.

Yes, it's very much enough.

And people are making the assumption, again, that if he goes to hockey first, and it doesn't pan out, he has to live on that money forever. He can go to college AFTER hockey!

Starting off at age 25 or 27 with a million dollars in the bank is a head start that places him past all but about 1% of the entire population of this country.

The entire point, the entire dream, of going to college for most people is to make enough money to retire with a million or two million dollars at age 65.

Miller could sign that ELC and have his million dollars before he reaches the mid-point of his 20s.

He could literally go work at Walmart after that and be way ahead of everyone else. Not that I'm advocating that, just saying: If he's smart with his money, there's almost no scenario where it makes sense to risk that early payout just to "get his degree first."

You can always, always go back and get the degree if you have the million bucks lying around.

 

[mas0764]

and thats only if he's in the NHL for the full year...he'll make like $70k in the AHL

Interesting. I thought these kids got paid in full on their ELCs even if in the minors. Is this true? So, for example, Kravtsov and Andersson and Shesterkin were only making $70k, not $900k, down in Hartford?

If so, that makes a lot of things re: the tension with being up in the NHL a lot clearer.

I almost cannot believe that's the case. Really?

 

[mas0764]

Yes, but in reality, those dollars are worth much much more than a college degree. The lionization of the degree is silly. What matters most in securing future earnings is past earnings, the degree is almost meaningless. Like, if he were 24, with a college degree, he would be, like most graduates, set up to jump into a part-time, minimum wage service industry job. What would be different for him would be the absence of loan payments, the MILLION dollars in his Bank Account, and his professional network / experience which would be much more extensive than the vast majority of not just 24 yos, but Americans period.

Exactly.

 

[TheDirtyH]

How ignorant are you? What magical land do you live in? Is it one where there are endless jobs available throughout the NHL? The Rangers are just going to fire people who have the credibility and are already in those positions? Or better yet they’re gona create a position for failed prospect K’Andre Miller? No, sorry those type of exceptions are made for players like Brad Richards. Where does he go work then? Oh, I guess he could be an “account executive” for the team selling tickets. Yea I guess they could bypass the usual stipulations sports teams have for those positions.

Hey I guess he could go intern at Wisconsin. Yea. He can work there instead. I mean Wisconsin would assuredly want him to finish his degree so then were back at that fork in the road decision.

Just so incredibly ignorant to think a college education and degree is not important or that it provides an edge. You completely ignored the part where the degree helps just get your foot in the door for the interview.

I really hope K’Andre finishes his education. It would be a disservice to himself to not do so and to put his eggs all into the pro hockey career basket. I sure hope he blossoms into an NHLer that makes a healthy career of it so that he doesnt have to go back to Minnesota and work at an ice rink.

The rest of your post is sheer opinion and conjecture. There is no use in addressing it.

It provides an edge insofar as it provides a kind of social capital otherwise inaccessible to people. Ignorant is when you think a college degree matter more in 'getting your foot in the door' than being well connected. He doesn't need to get Brad Richards job. He can literally make 25k as a barista and having not taken on student debt, having earned $200k-2mil, and he's set up for a more financially secure lifetime than the vast majority of Americans.

Throw in (because it's just a throw in apparently) having inroads within a BILLION DOLLAR company in the New York Rangers....

Like, what is this terror of only 200k at age 24? It's not 200k in a vacuum.

 

[TheDirtyH]

Do we all realize that the average net worth of degree holding Americans aged 25-35 is NEGATIVE $1900?

 

[mas0764]

That's IF he plays in the NHL for 3 full years. Is it enough to live of for the rest of your life? Because that's what was suggested. All I am saying is that there's a good reason for Miller to graduate. To have a backup plan. Higher touted prospects have earned less than their ELC max.

I agree with you that he should get his degree, and no one is saying he should live on that $1.2m in earnings for the rest of his life... obviously that money would evaporate very quickly.

Just that if we're talking about what is smart, it would seem to me, the degree can be obtained any time. The money may or may not be there.

If the Rangers want him to come now, and they are paying even $900k, you should probably take that. Bank the money and return to school afterwards.

 

[mas0764]

I can't tell if all of your posts are serious or satire. It's entertaining though.

I think that post was satire, though with a grain of truth.

 

[mas0764]

It provides an edge insofar as it provides a kind of social capital otherwise inaccessible to people. Ignorant is when you think a college degree matter more in 'getting your foot in the door' than being well connected. He doesn't need to get Brad Richards job. He can literally make 25k as a barista and having not taken on student debt, having earned $200k-2mil, and he's set up for a more financially secure lifetime than the vast majority of Americans.

Throw in (because it's just a throw in apparently) having inroads within a BILLION DOLLAR company in the New York Rangers....

Like, what is this terror of only 200k at age 24? It's not 200k in a vacuum.

Yeah, I don't think you are implying the Rangers are gonna give him a job via some sort of corporate nepotism if his career with them fails. The point, and I think it's absolutely valid, is that when you are an interviewer at a big corporation or law firm or something, and you have a bunch of qualified resumes on your desk, and you see one of them says "Played AHL Hockey for the Hartford Wolf Pack," -- that resume likely gets moved to the "interview" pile at the very least.

This is discounting the near certainty that he would simply make networking connections with people who work for the Rangers, and those people would know people in other industries that would put in a good word for him. Does he want to do marketing? Well, he may not get a job with the Rangers, but the Rangers' head of marketing probably knows the CEOs of every other marketing firm in NYC and can get him an introduction. Etc.

 

[kovazub94]

I just checked this thread and for a minute, I thought it was August.

Lol, sometimes these roster threads are so far into the future I feel like I need a DeLorean to keep up.

 

[mas0764]

It provides an edge insofar as it provides a kind of social capital otherwise inaccessible to people. Ignorant is when you think a college degree matter more in 'getting your foot in the door' than being well connected. He doesn't need to get Brad Richards job. He can literally make 25k as a barista and having not taken on student debt, having earned $200k-2mil, and he's set up for a more financially secure lifetime than the vast majority of Americans.

Throw in (because it's just a throw in apparently) having inroads within a BILLION DOLLAR company in the New York Rangers....

Like, what is this terror of only 200k at age 24? It's not 200k in a vacuum.

The counter argument I keep hearing is, "Because maybe he won't want to go back to college after hockey."

Well.... I mean, if he doesn't want to go to college.... you can't make him. Just like if he doesn't want to stay in college now, he's gonna go pro.

If people don't want to do what is good for them, that's not really an argument.

It doesn't decide the issue of which is smarter now: To stay in school and get his degree, or to take the opportunity to get paid. If this is the binary choice, his options are way safer to get paid now, when you balance the risk versus the assumption that he will continue to make smart moves.

 

[leetch99]

I know one thing...if you had money in the stocks and such...they likely took a shit kicking over this 19 virus....oh well...another 10 years they will be back to two weeks ago mark . May as well have invested in tin....like tin can and buried the cash in the ground LOL...that is what an electrician told me . Anyways the markets are crazy and I am sure every NHL player and a lot of retired ones are thinking the same things today . I remember reading that when Gerard Gallant was a Red Wing he did his contract with no agents and he also had a lot of his money deferred . He was looking ahead...a good thing !!!

 

[UnSandvich]

Interesting. I thought these kids got paid in full on their ELCs even if in the minors. Is this true? So, for example, Kravtsov and Andersson and Shesterkin were only making $70k, not $900k, down in Hartford?

If so, that makes a lot of things re: the tension with being up in the NHL a lot clearer.

I almost cannot believe that's the case. Really?

Really.

"TWO-WAY CONTRACTS
With a two-way contract there are two different salaries associated with a player and they are dependent on if he is on an organization’s NHL roster or AHL roster. This applies with newly signed Lightning forward Cody Kunyk. Kunyk was signed to a one-year, two-way deal, so if he plays with the Crunch, he will make a yearly salary of $70,000 and if he plays with the Bolts he will make a yearly salary of $874, 125. Keep in mind both these amounts are prorated, depending on how much time he spends where."

What's the difference between a one-way and a two-way contract?


How do Entry-Level Contracts Work?

Players younger than 25 years of age as of September 15 during the year of their first NHL contract must sign an entry-level contract which have set limitations - all entry-level contracts are two-way contracts and the maximum allowable salary for players drafted until 2022 is $925,000.

NHL CBA FAQ - CapFriendly - NHL Salary Caps

 

[kovazub94]

How ignorant are you? What magical land do you live in? Is it one where there are endless jobs available throughout the NHL? The Rangers are just going to fire people who have the credibility and are already in those positions? Or better yet they’re gona create a position for failed prospect K’Andre Miller? No, sorry those type of exceptions are made for players like Brad Richards. Where does he go work then? Oh, I guess he could be an “account executive” for the team selling tickets. Yea I guess they could bypass the usual stipulations sports teams have for those positions.

Hey I guess he could go intern at Wisconsin. Yea. He can work there instead. I mean Wisconsin would assuredly want him to finish his degree so then were back at that fork in the road decision.

Just so incredibly ignorant to think a college education and degree is not important or that it provides an edge. You completely ignored the part where the degree helps just get your foot in the door for the interview.

I really hope K’Andre finishes his education. It would be a disservice to himself to not do so and to put his eggs all into the pro hockey career basket. I sure hope he blossoms into an NHLer that makes a healthy career of it so that he doesnt have to go back to Minnesota and work at an ice rink.

The rest of your post is sheer opinion and conjecture. There is no use in addressing it.

Oh, god, no one said that education is not important. However,

1. We are talking about someone to whom formal learning does not seem to come naturally (we are not talking cum laude valedictorian here)
2. A very good opportunity to make a $1m in a short-term and with more to come after, while just potentially delaying getting a degree instead of passing on it
3. Other opportunities that come from entering NHL fraternity, that are much more financially lucrative "foot in the door" than Wisconsin liberal arts degree (no offense), lol

P.S. If anyone should be called ignorant of the real world in this situation it would be you.

 

[NYR Viper]

Do we all realize that the average net worth of degree holding Americans aged 25-35 is NEGATIVE $1900?

This is a fairly broad brush

 

[leetch99]

I also remember when I was in University and some of the guys playing on the team were as bright as a bunch of 9th graders . Some had skipped local high school and attended private schools in the states and other provinces . I have no idea how they moved on to the second year of post secondary....unless somebody else was writing their exams . It has to be different today I hope and they are not put through like that ? Anyways....not everybody is smart enough for post secondary to begin with these days . Maybe K'Andre is like that and only there for the hockey ? Who knows ? Then again...he might simply have no interest in studies . He knows he will make money..likely has a ton of women fighting over him at school....so it must be hard to study /buckle down ....definitely easier for some than others . It certainly has to be easier for non athlete types then the jocks ....it has to be ?

 

[mas0764]

Really.

"TWO-WAY CONTRACTS
With a two-way contract there are two different salaries associated with a player and they are dependent on if he is on an organization’s NHL roster or AHL roster. This applies with newly signed Lightning forward Cody Kunyk. Kunyk was signed to a one-year, two-way deal, so if he plays with the Crunch, he will make a yearly salary of $70,000 and if he plays with the Bolts he will make a yearly salary of $874, 125. Keep in mind both these amounts are prorated, depending on how much time he spends where."

What's the difference between a one-way and a two-way contract?


How do Entry-Level Contracts Work?

Players younger than 25 years of age as of September 15 during the year of their first NHL contract must sign an entry-level contract which have set limitations - all entry-level contracts are two-way contracts and the maximum allowable salary for players drafted until 2022 is $925,000.

NHL CBA FAQ - CapFriendly - NHL Salary Caps

Yikes, that would explain why they might have been like "F this, I'm going back overseas." I did not realize that.

 

[leetch99]

How did the Bruins do the McAvoy signing ? I was told he was in the AHL and never played an NHL game until he got a call up in the playoffs which did not effect his ELC at all . So...he must have signed an AHL first and then an NHL ?

 

[Shesterkybomb]

Why are we worried about Miller's future earnings? He is gonna be well off, he knows it, there is no use rushing it.

 

[LORDE]

K'Andre can just get a gig at the Nuclear power plant because he could be a ringer on their hockey team

 

[UAGoalieGuy]

Do we all realize that the average net worth of degree holding Americans aged 25-35 is NEGATIVE $1900?

That's a loaded statistic. The reason for that is student loans and mortgages (unless you factor in the equity you have in the house). This is also the time period where your starting to build up your retirement savings.

I think we've gone too much on a tangent here.

Back to hockey!

 

[TheDirtyH]

That's a loaded statistic. The reason for that is student loans and mortgages (unless you factor in the equity you have in the house). This is also the time period where your starting to build up your retirement savings.

I think we've gone too much on a tangent here.

Back to hockey!

Actually, the share of that debt is rapidly concentrating in education loans rather than other kinds (like mortgages). The former is directly related to the latter as students are taking on more and more debt as tuition prices rise and so cannot make themselves eligible for other kinds of loans which would provide them with assets on the net side of the equation (like property). In 2013 that net worth average was $9000, the number I listed (-$1900) was actually from 2016. Things have only gotten worse in this regard since then.

 

[Amazing Kreiderman]

How did the Bruins do the McAvoy signing ? I was told he was in the AHL and never played an NHL game until he got a call up in the playoffs which did not effect his ELC at all . So...he must have signed an AHL first and then an NHL ?

McAvoy signed his ELC, played in the NHL, burning a year, resulting in an extremely rare situation where he was RFA but not eligible for an offer sheet. Same with Boeser.

 

[leetch99]

McAvoy signed his ELC, played in the NHL, burning a year, resulting in an extremely rare situation where he was RFA but not eligible for an offer sheet. Same with Boeser.

So...he did burn a year ? If so...the Bruin fan that told me that then was wrong . Anyone ? Thanks AK.

 

[UnSandvich]

Yikes, that would explain why they might have been like "F this, I'm going back overseas." I did not realize that.

Just checked CapFriendly too to verify. Both would be making 70k playing in HFD. Which is under 1/10 th of their base salary were they playing in the NHL