I agree with Jeremy because....

I agree with FW 100%. What would happen if you were working for a company that had record profits and they told you that they were going to cut your pay by 50%? I would think that the company was being greedy.

Here's a breakdown:

agents - 15 % - 20 %

coach - 0 % - 10 %

If this is true, then that's BS. Why would you pay an agent mroe than your coach? Makes no sense to me.

it's not greed he just wants more

all show and No go wrote:

I agree with FW 100%. What would happen if you were working for a company that had record profits and they told you that they were going to cut your pay by 50%? I would think that the company was being greedy.

I would agree with Wariner's decision if he also cut Michael Johnson's fee by 50%. Did he do that?

Former pro wrote:

it's not greed he just wants more

POD. That is falling down funny.

Former pro wrote:

it's not greed he just wants more

Then race more or become even a bigger star or work on getting more endorsements. Cutting the pay of your coach is crap. It's greed.

Another thing to remember in this hypothetical tax discussion, is that both the coaching and agent fees should probably be tax deductable. That would decrease the total tax paid, and increase is "take-home."

Moreover, in this hypothetical example, the difference in coacing fees would seem to be only $50,000. Two issues. First that does not seem like a lot for all the he has been able to accomplish with Coach Hart. And again, because of tax considerations, he will probably not realize all of this - perhaps $35,000. And that amount seems like even less to give up given how much Hart has helped him.

Just my 2 cents worth.

I want those two cents damn it!

Running Bear wrote:

If this is true, then that's BS. Why would you pay an agent mroe than your coach? Makes no sense to me.

It could be that the agent makes Jeremy enough money to cover his fees.

Let's say Jeremy with a crappy agent runs in 5 high profile races with a $20,000 appearance fee for each. That's $100,000. The crappy agent takes 10%, leaving Jeremy with $90,000.

Let's say super agent comes in and negotiates each of those appearance fees to $30,000. He takes 20%, or $30,000, which is more than crappy agent, but in the end Jeremy takes home $120,000.

If your agent is good enough, you will have to pay him more, but you'll end up making more.

OXYRUNR wrote:

Another thing to remember in this hypothetical tax discussion, is that both the coaching and agent fees should probably be tax deductable. That would decrease the total tax paid, and increase is "take-home."

Moreover, in this hypothetical example, the difference in coacing fees would seem to be only $50,000. Two issues. First that does not seem like a lot for all the he has been able to accomplish with Coach Hart. And again, because of tax considerations, he will probably not realize all of this - perhaps $35,000. And that amount seems like even less to give up given how much Hart has helped him.

Just my 2 cents worth.

Your numbers are based on $1M. My guess is that MJ is setting him up for after the Olympics where everyone expects gold from JW, at which point, with the right marketing, his earnings will be much more than $1M.

Unfortunately, at this level, it's not about the sport anymore. It's about how much $ one can get from it. This is evident by the fact that the agent makes more than the coach.

JW is a dick.

Former pro wrote:

Here's a breakdown:

agents - 15 % - 20 %

coach - 0 % - 10 %

Uncle Sam - 28 % - 35 % plus your state tax(Jeremy is definitely in the highest)

.

don't forget the manager.

BS, with his talent and his reputation, he doesn't need a manager. But he needs a coach for sure.

Kipketer Wilson was his own manager.

Perhaps Warriner intends to have Michael Johnson coach him from this point on. I'm not sure how much more Hart can teach him at this level anyway. MJ certainly knows what it takes at this level as well. However, there is nothing to say that MJ is a good coach either, I've known Olympians who were (while not at his level of accomplishment)poor coaches, as they didn't really undertand what got them there from an overall perspective, and generally knew what worked for them but couldn't apply that to others and their own idiocyncracies. Hopefully Warriner isn't stupid enough to think that this wouldn't have offended Hart - who is a consummate Professional coach.

While Warriner has to take the blame for this - where is MJ in all of this? He was also a Hart protege - sounds like it's stabbing the master in the back.

For "Former Pro" - thank god I didn't coach you. You sound like one of those people who have no appreciation for the coaching/teaching that you have had over the years. It reminds me of all those runners who only talk about their training group - as if that is what makes them better runners - while ignoring the fact that someone (a coach in most instances) has to direct that development or chaos can often ensue.

I don't know what coaching is required to maintain one's status as the best 400m runner in the world, or whether another (cheaper) coach might help help maintain that level of performance - but it seems like a rather cheap risk to take in an Olympic year. Especially if he is trying to take down MJ's 400m record. But then maybe that is MJ's ulterior motive afterall?

Think about it in your every day job. Would you take a pay cut when you've had nothing but success, and with the expectation you'll continue to do the same work? I sure as hell wouldn't.

I'm amazed Wariner would risk switching coaches going into an Olympic year. He's had such great success with Hart, including already having an Olympic gold, I don't see why you'd take the chance on screwing things up.

Is it possible to take out all three middlemen and be your own agent, manager AND coach?

Flagpole Willy wrote:

...but when someone you've coached has won everything in site*...

* sight

I would if I had no choice. 5 % of a million is better than 0 %. Plus in the long run it will make him( Hart) come out smelling like roses and Jeremy like crap.

He could do away with them all if he doesn't need them. If he were to go it alone and still keep winning and be able to negotiate, schedule, etc. and do it all, then he banks a lot more. If he tries to do it by himself and goes down the drain, he suffers the consequences. Time will tell.