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  1. #1
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    Mark Teixeira - "I'm overpaid"

    In a new interview with the WSJ:

    “I have no problem with anybody in New York, any fan, saying you’re overpaid. Because I am,” Teixeira said. “We all are.”

    “Agents are probably going to hate me for saying it,” he continued. “You’re not very valuable when you’re making $20 million.

    When you’re Mike Trout, making the minimum, you are crazy valuable. My first six years, before I was a free agent, I was very valuable.

    But there’s nothing you can do that can justify a $20 million contract.”

    http://online.wsj.com/article/SB1000...sj_share_tweet

  2. #2
    Crow,Tony,Joe,Yogi,Riz,2 Joes Tifoso's Avatar
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    Re: Mark Teixeira - "I'm overpaid"

    Are you listening, ARo...oh, never mind.

    Attaboy, Mark.
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  3. #3
    Your 2014 NY Yankees JDPNYY's Avatar
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    Re: Mark Teixeira - "I'm overpaid"

    There's the trio of stating the obvious. You know everything happens in threes.


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  4. #4
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    Re: Mark Teixeira - "I'm overpaid"

    Isn't Mark a Union Rep? Impressive statement regardless.
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    Re: Mark Teixeira - "I'm overpaid"

    I bet he'd never say that had he not already gotten a huge contract.

  6. #6

    Re: Mark Teixeira - "I'm overpaid"

    Quote Originally Posted by Tifoso View Post
    Are you listening, ARo...oh, never mind.

    Attaboy, Mark.
    Well ... I really applaud Teixeira's highly refreshing candor, but let's not pretend he's offering to give some of the money back. So assuming your point is that you wish A-Rod would unilaterally void his contract or something, I'm not sure exactly how this relates to him.
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  7. #7

    Re: Mark Teixeira - "I'm overpaid"

    Talk is cheap. There are plenty of needy people in the U.S. and around the world who would benefit from his distributing the excess. Such a distribution would impress me, not the idle talk.

    And, of course, we should remember that while he and the other players are certainly over paid, they are not nearly as much over paid as are the Steinbrenners and the other owners. Lower salaries for players would mean higher profits for the owners, not lower ticket prices for the fans.

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    Re: Mark Teixeira - "I'm overpaid"

    Quote Originally Posted by rajah View Post
    Talk is cheap. There are plenty of needy people in the U.S. and around the world who would benefit from his distributing the excess. Such a distribution would impress me, not the idle talk.

    And, of course, we should remember that while he and the other players are certainly over paid, they are not nearly as much over paid as are the Steinbrenners and the other owners. Lower salaries for players would mean higher profits for the owners, not lower ticket prices for the fans.
    Not to overly defend the players for their absurd contracts, but they all have foundations/charities, etc. to which they donate to.

    http://mlb.mlb.com/news/article.jsp?...s_mlb&c_id=mlb

  9. #9
    Crow,Tony,Joe,Yogi,Riz,2 Joes Tifoso's Avatar
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    Re: Mark Teixeira - "I'm overpaid"

    Quote Originally Posted by sweet_lou_14 View Post
    Well ... I really applaud Teixeira's highly refreshing candor, but let's not pretend he's offering to give some of the money back. So assuming your point is that you wish A-Rod would unilaterally void his contract or something, I'm not sure exactly how this relates to him.

    At least he admits that he's overpaid.
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  10. #10
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    Re: Mark Teixeira - "I'm overpaid"

    From what I understand Mark is very generous, especially to his home town. That is not a fair statement towards him.
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  11. #11
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    Re: Mark Teixeira - "I'm overpaid"

    While his candor is refreshing, the fact of the matter is that any MLB player is overpaid.

    When the ML minimum is $490,000, while the average salary of a teacher in this country is around $44,000, it isn't hard to argue that even the 25th man on the roster is grossly overpaid.
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  12. #12

    Re: Mark Teixeira - "I'm overpaid"

    Quote Originally Posted by longtimeyankeefan View Post
    While his candor is refreshing, the fact of the matter is that any MLB player is overpaid.

    When the ML minimum is $490,000, while the average salary of a teacher in this country is around $44,000, it isn't hard to argue that even the 25th man on the roster is grossly overpaid.
    I think it's in a different context. Agreed that by that standard, then any player in baseball is overpaid. But by the standard Tex discussed, his point is that he's not worth $22mm on the open market today, within a baseball context, whereas a guy like Trout is very valuable because he hasn't cashed in yet, and is underpaid.

  13. #13

    Re: Mark Teixeira - "I'm overpaid"

    He didn't admit he's overpaid because he's underperforming, which is the real issue. We get that they all make oodles of cash in relation to other forms of work.

    In baseball context, he is being paid what the elite of the sport make, but is not performing at that level, which hurts the team.
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  14. #14

    Re: Mark Teixeira - "I'm overpaid"

    The over pay of FAs is by design, no?
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  15. #15

    Re: Mark Teixeira - "I'm overpaid"

    Quote Originally Posted by longtimeyankeefan View Post
    While his candor is refreshing, the fact of the matter is that any MLB player is overpaid.

    When the ML minimum is $490,000, while the average salary of a teacher in this country is around $44,000, it isn't hard to argue that even the 25th man on the roster is grossly overpaid.

    Well, MLB created over 6 billion in revenues last year. They didn't lie, cheat or steal to create that amount, they made an excellent product available through many venues that people ( assuming you as well ) paid gladly for.

    I think you're confusing your moral values with market reality. Given the fact that we spend the most money on education in the world except for Switzerland and we consistently rank way down in student performance , you could make the case that teachers are possibly overpaid.

    Why shouldn't the players benefit from the large amount of money they are helping produce?
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  16. #16

    Re: Mark Teixeira - "I'm overpaid"

    Quote Originally Posted by rajah View Post
    Talk is cheap. There are plenty of needy people in the U.S. and around the world who would benefit from his distributing the excess. Such a distribution would impress me, not the idle talk.

    And, of course, we should remember that while he and the other players are certainly over paid, they are not nearly as much over paid as are the Steinbrenners and the other owners. Lower salaries for players would mean higher profits for the owners, not lower ticket prices for the fans.
    How do you figure the owners are over paid?

    Who's to determine where the line gets drawn for excess? Isn't that kinda like, ya know socialism?

    Why shouldn't the Steins be entitled to the benefit of their management of the team that's created something worth over $3 billion?
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  17. #17
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    Re: Mark Teixeira - "I'm overpaid"

    It's a tiresome argument. Yes, baseball players get too much money to play a sport. But it is reality and it's not going away. They have a special talent and there are only about 800 jobs in the world. I really don't understand why this continues to be debated.

    As for the owners, it's a business and are entitled to maximize their profits. That's called America.
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  18. #18

    Re: Mark Teixeira - "I'm overpaid"

    Quote Originally Posted by ieddyi View Post
    How do you figure the owners are over paid?

    Who's to determine where the line gets drawn for excess? Isn't that kinda like, ya know socialism?

    Why shouldn't the Steins be entitled to the benefit of their management of the team that's created something worth over $3 billion?
    That is my opinion. It is based on my moral and economic views, which I do not care to debate on this baseball forum. I have a right to my views and you have a right to yours.

    I will say only that the players have a more special talent and are what the fans want to watch. They also do not make or have nearly as much money as the owners.

    But if you think the Steinbrenners deserve their billions while most Americans struggle and many around the world starve, you have a right to your opinion.

  19. #19

    Re: Mark Teixeira - "I'm overpaid"

    The next time a family of four pays $200 to watch someone teach will be the first time. People always say teachers/soldiers/whatever should make more than athletes and honestly those are the people I can tell are plain stupid.

  20. #20
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    Re: Mark Teixeira - "I'm overpaid"

    Quote Originally Posted by Hooligan Tavarez View Post
    The next time a family of four pays $200 to watch someone teach will be the first time. People always say teachers/soldiers/whatever should make more than athletes and honestly those are the people I can tell are plain stupid.
    This post is plain stupid.
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  21. #21
    NYYFans Member Stick Michael's Avatar
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    Re: Mark Teixeira - "I'm overpaid"

    Teixeira needn't feel guilty for making an enormous salary. I just wish he'd ditch the 'pull everything, including pick off attempts' approach at the plate as a lefty. I'd gladly trade some home runs for an increase in OPS.

  22. #22
    Quote Originally Posted by JL25and3 View Post
    This post is plain stupid.
    I'd love to hear why.

  23. #23

    Re: Mark Teixeira - "I'm overpaid"

    Quote Originally Posted by rajah View Post
    Talk is cheap. There are plenty of needy people in the U.S. and around the world who would benefit from his distributing the excess. Such a distribution would impress me, not the idle talk.

    And, of course, we should remember that while he and the other players are certainly over paid, they are not nearly as much over paid as are the Steinbrenners and the other owners. Lower salaries for players would mean higher profits for the owners, not lower ticket prices for the fans.
    Taking your points in reverse order ...

    You are absolutely right that the money that goes to the players would not go back to the fans (in the form of lower ticket prices and cheaper concessions / merchandise) if the players were paid less. The market by which fans consume the entertainment provided by owners is entirely separate from the market by which owners obtain their talent. I am constantly surprised by the number of fans who don't get this very simple, incontrovertible fact. I tend to agree with you that I'd rather see the players pocket the money than the owners, as they are the ones we are paying to watch.

    But you really lost me on your first point. Whatever charitable / philanthropic work Mark Teixeira may engage in was not the point of his interview, and he shouldn't be expected to insert that into the interview on his own. In fact, that would actually make him look bad. I think he deserves the benefit of the doubt that he chooses to do some good in the world with his money. Let's face it, it's an entirely private matter and none of our business. And I say this as someone who tries to do good with my (substantially less plentiful) money and someone who greatly admires very wealthy people, such as Bill Gates, who not only do big things with their money, but publicly admonish their fellow millionaires and billionaires to do likewise.
    "Baseball is about hope, not confidence." -- rajah

  24. #24

    Re: Mark Teixeira - "I'm overpaid"

    Quote Originally Posted by Hooligan Tavarez View Post
    The next time a family of four pays $200 to watch someone teach will be the first time. People always say teachers/soldiers/whatever should make more than athletes and honestly those are the people I can tell are plain stupid.
    Quote Originally Posted by JL25and3 View Post
    This post is plain stupid.
    Quote Originally Posted by Hooligan Tavarez View Post
    I'd love to hear why.
    I'll bite.

    Generally speaking, an athlete (or any other entertainer) provides consumers with an immediate payoff on their money. You buy a ticket, you go see a game or a show, you are entertained. That entertainment is a product -- a luxury product, mind you -- that follows simple laws of supply and demand. Supply of elite talent is relatively limited, demand is high, and salaries reflect that.

    Generally speaking, a teacher (or a cop or a fireman or a soldier) provides a less immediate, less discrete, and often less visible payoff. You can think of a teacher like an investment that pays off in the long run for your child; even if you have no children, you can think of a teacher like any other public infrastructure investment that pays off in the long run for society at large, for real estate values in your home town, etc. Similarly, you can think of cops and firemen and soldiers as a kind of investment, or perhaps a kind of public insurance policy.

    I don't think anyone would seriously expect a teacher to be paid millions of dollars. But when people advocate for higher pay for teachers or cops or firemen, what they are basically saying is they believe we as a society -- and more specifically, we as individual taxpayers -- should be increasing our investment because they believe in the return on that investment. You can agree or disagree with that sentiment, but the point is that the mechanism here is entirely different from simple supply and demand and immediate gratification. It requires that we expand the scope of our definition of value to encompass a broader time horizon than right now and a larger group of people than just ourselves or our individual households. Unfortunately for all of us, not everybody is able to get their head around this.
    "Baseball is about hope, not confidence." -- rajah

  25. #25

    Re: Mark Teixeira - "I'm overpaid"

    cl
    Quote Originally Posted by sweet_lou_14 View Post
    I'll bite.

    Generally speaking, an athlete (or any other entertainer) provides consumers with an immediate payoff on their money. You buy a ticket, you go see a game or a show, you are entertained. That entertainment is a product -- a luxury product, mind you -- that follows simple laws of supply and demand. Supply of elite talent is relatively limited, demand is high, and salaries reflect that.

    Generally speaking, a teacher (or a cop or a fireman or a soldier) provides a less immediate, less discrete, and often less visible payoff. You can think of a teacher like an investment that pays off in the long run for your child; even if you have no children, you can think of a teacher like any other public infrastructure investment that pays off in the long run for society at large, for real estate values in your home town, etc. Similarly, you can think of cops and firemen and soldiers as a kind of investment, or perhaps a kind of public insurance policy.

    I don't think anyone would seriously expect a teacher to be paid millions of dollars. But when people advocate for higher pay for teachers or cops or firemen, what they are basically saying is they believe we as a society -- and more specifically, we as individual taxpayers -- should be increasing our investment because they believe in the return on that investment. You can agree or disagree with that sentiment, but the point is that the mechanism here is entirely different from simple supply and demand and immediate gratification. It requires that we expand the scope of our definition of value to encompass a broader time horizon than right now and a larger group of people than just ourselves or our individual households. Unfortunately for all of us, not everybody is able to get their head around this.
    This whole thread is taking a pretty wide turn, but your post is spot on.

    I'll add my two cents to this...instinctively, I want society to invest more in education and pay teachers more. That said, I'm not sure why any of us should completely believe that higher salaries for teachers would result in better results. I'm fortunate to live in a town with fantastic schools and our kids' teachers are truly outstanding. They're not doing it for the money...not exactly. Sure, they are there to earn a living, but people don't teach to get wealthy.

    If there were great riches in teaching, I'm not sure that that would attract who should be attracted to the profession. I'm in sales. I'm lucky to make a really good living because I'm wired to sell and I'm money motivated. I don't know that we want people closer to the money motivated end of the spectrum to teach...not that some couldn't be good teachers, but it woul attract people there for different reasons than most good teachers are there today for.

    Not really fair...capitalism isn't...and again I'd definitely support a general increase in compensation for teachers, but the larger point is that making it into a purely capitalistic system in education I don't think would have the results we would all want.

    In baseball...it's artifical capitalism. Marvin Miller was smart and actually restricted supply on the market by not making players free agents right away...he positioned it as a concession to the owners, but it's at the heart of his brilliance in making it supply and demand, with artifical restriction on supply.

    Bottom line...to compare economic system in baseball with how we compensate teachers will never work...it's a completely different set of principles, in my view...

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