Big if she was making up to 300k, how much did Galen make first year out of collage? You think 1mil/year for a 3-year contract (2009 till 2012 Olympics.) Then even more?
Salazar had near absolute power to negotiate contacts, so it shouldn't surprise anyone that the athletes he was grooming benefited from that.
In the Runner’s World article linked to in the home page, she says that she “just” wants to help other runners to know what to ask for. Also, shouldn’t she be concerned that the sponsors will sue her to enforce the confidentiality clauses?
Disclosing sponsorship details is a personal decision, and not all individuals may choose to do so.
Some people prefer to keep financial information private or may have contractual obligations that prevent them from disclosing specific details.
Ultimately, the decision to disclose sponsorship details rests with the individual involved and can be influenced by various factors, including their personal values, legal obligations, industry norms, and the desire for transparency.
What do folks think about this section "Saucony offered her $1 million total over 5 years, with bonuses and no reductions. Ultimately, she chose to sign with women’s clothing brand Oiselle for $20,000 per year, and a 2 percent stake in the company. She signed a separate deal for footwear with Skechers."
Is Oiselle worth $45 million? Which is what the difference in salaries would need the 2% to be worth to make it even. That could be further discounted based on what she received from Sketchers. Does anyone have access to Pitchbook to see what their recent valuations were?
Admittedly, at a totally different level but Charles Barkley said the best financial advice he ever got was from Jordan. When Barkley signed a 3million deal with Nike Jordan told him "you don't need 3 million cash. Take a million in cash and the rest in stock"
Once again, another paywall site that we can’t even read the article to make an informed decision.
Want to read about Goucher’s pay she got as a runner? Runner’s World. Oh wait, you have to subscribe.
Want to read about something the New York Times wrote about a runner? Have to subscribe.
Want to read about something some random online publication wrote about a runner TWENTY YEARS ago? Have to subscribe.
I’ve been a track and field athlete and fan for 44 years now. There is more information out there now than we could have ever dreamed of decades ago. There are also just too many entities wanting money to make it anywhere near realistic to access everything for the normal person.
I’m beyond the point of annoyed.
"How dare you not give me everything I want for free? It's not like you're a business or anything. It's not like you need to charge a fee so that you can pay your employees, so that they may pay their bills and feed their children. No, you should behave like a charity, and give me everything free of charge, because I've become so accustomed to receiving everything without having to give a damn thing in return. Whaaaaaaaa!"
You probably pay for 10 different TV subscriptions. You really think the fees they charge are paying the bills and feds g families? You are quite re tar ded
In the Runner’s World article linked to in the home page, she says that she “just” wants to help other runners to know what to ask for. Also, shouldn’t she be concerned that the sponsors will sue her to enforce the confidentiality clauses?
Disclosing sponsorship details is a personal decision, and not all individuals may choose to do so.
Some people prefer to keep financial information private or may have contractual obligations that prevent them from disclosing specific details.
Ultimately, the decision to disclose sponsorship details rests with the individual involved and can be influenced by various factors, including their personal values, legal obligations, industry norms, and the desire for transparency.
I have a runner I coached in high school who recently turned pro. He was telling me about his contract, he never mentioned any specific dollar amounts. He said- I probably told you more than I'm supposed to.
He has an NDA and I didn't press him for details, obviously.
** Another agent told me what he was offered.
Typically they can't tell. I wish they could. It's not millions like someone in the NFL but if more high school kids knew the numbers it might inspire them.
I will say this- it seems to be the bonuses can add up quickly and be more than the base pay.
I think runners make more than a lot of us think they make but it's not something that's going to set them up for life after 5-8 years unless they're at the very top.
She was fine with those contracts, including the confidentiality clauses, when she entered into them and took the money. Now, many years later, she says that she just wants to help other athletes. I don’t buy it. A deal is a deal.
Before the internet, magazines were not free. If you wanted one, you bought it with real money.
Then the Internet came along and for a short, sweet period of time, if it was digital, it was free. Because the thing you were getting wasn't "real" (there were no printing presses or delivery trucks, or paper copy), the digital version was free. Obviously that era is 20 years ago (or more!).
But for some reason, people still think that if it is digital, it costs the owner nothing to make and therefore should be free. This is even more true for music, movies, and TV shows.
What I do have a problem with is that we don't have more a la carte options. If I wanted to read one article in RW about Bob Kennedy, I could buy just that magazine. I didn't have to get a subscription, but nowadays it is very hard to buy just one race (I'd pay $.89?) or one track meet ($5?). Instead I have to create another account and set up a monthly thing. This is the part that outrages me... I'd buy more "track" if I had a la carte options.
p.s. I think that in hindsight, Coucher's contribution to our sport is a massive net positive. If you found her annoying, that doesn't really matter in the long run. Your (or my) feelings aren't really that important in the big picture. Coucher, much more than other athletes, is helping to drag women's running in America into the post-Salazar era.
This isn't really true. You could read magazines at the local library for free back then. Not so much anymore now that everything went digital, which is a broken model. IMO magazines would probably generate more revenue if they had advertising, kept themselves free and asked for donations from their readership.
Disclosing sponsorship details is a personal decision, and not all individuals may choose to do so.
Some people prefer to keep financial information private or may have contractual obligations that prevent them from disclosing specific details.
Ultimately, the decision to disclose sponsorship details rests with the individual involved and can be influenced by various factors, including their personal values, legal obligations, industry norms, and the desire for transparency.
I have a runner I coached in high school who recently turned pro. He was telling me about his contract, he never mentioned any specific dollar amounts. He said- I probably told you more than I'm supposed to.
He has an NDA and I didn't press him for details, obviously.
** Another agent told me what he was offered.
Typically they can't tell. I wish they could. It's not millions like someone in the NFL but if more high school kids knew the numbers it might inspire them.
I will say this- it seems to be the bonuses can add up quickly and be more than the base pay.
I think runners make more than a lot of us think they make but it's not something that's going to set them up for life after 5-8 years unless they're at the very top.
The bonus system creates a huge incentive to do gray area stuff and even to take performance enhancing drugs, especially towards the end of a career. If you know this is your last shot at an extra 50 grand and you only have a one in five or one in ten chance of being caught, it's easy to rationalize.
She was fine with those contracts, including the confidentiality clauses, when she entered into them and took the money. Now, many years later, she says that she just wants to help other athletes. I don’t buy it. A deal is a deal.
The NDA part isn't a choice. She may not have been fine with it but she had no choice.
I'd like to see that changed along with not talking about appearance fees.
The general public would be more interested in (I don't know why but it's they would) if they knew what runners were getting just to show up and then what the time bonuses and prize money are.
What I want to know is why in the hell did Adam Goucher have a student loan?
Back then the NCAA only allowed scholarships to cover tuition and fees (e.g. lab fees) and on-campus room and board. And because NIL wasn't allowed back then, it was not uncommon for athletes to take student loans in order to cover books, living expenses (if living off-campus), and to have some cash for discretionary spending. In the case of someone as talented and successful as AG was, he probably just assumed he would have no trouble paying off the loan with his post-collegiate earnings.
Really, didn't he run well enough in high school to get a full scholarship? Kara was complaining about a male runner getting more in appearance money at the Boston marathon than her, but yet she pays her agent below standard for the industry (8% vs 15%).
What I want to know is why in the hell did Adam Goucher have a student loan?
Back then the NCAA only allowed scholarships to cover tuition and fees (e.g. lab fees) and on-campus room and board. And because NIL wasn't allowed back then, it was not uncommon for athletes to take student loans in order to cover books, living expenses (if living off-campus), and to have some cash for discretionary spending. In the case of someone as talented and successful as AG was, he probably just assumed he would have no trouble paying off the loan with his post-collegiate earnings.
I am not an expert on 90s scholarships, but I had one and I am pretty darn sure that I never paid for my own books. I was thinking that maybe he needed spending cash or wanted to live off campus/forgo his on-campus housing option. Seems like a bad financial decision to forgo free housing if you need to take out a loan to pay for an apartment, but maybe it was better for him to do so.
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