Max Siegel asked USATF delegates to cheer $7M spent on 700 athletes, when $1.8M was salary for 1 CEO.

azwhippet wrote:

Max Siegel salary is 500k, the other monies talked about are bonuses and incentives that are offered any CEO from a major business. His base salary is lower than the CEO of US Swimming and he and T and F bring in more money. And......He has not been paid any incentives or bonuses, and that money will not come through until August of 17. All of you are just yelling to be yelling...its annoying. Max deserves every penny he has EARNED. You think the Nike money is bad for the sport? Who else is stepping up with money? Who? No one thats who.

I don't think anyone thinks bringing in money to the sport is a bad thing. What you don't seem to grasp is by not opening the sponsorship deal up to competitive bid USATF got a bad deal. Odds are if you only negotiate with one party the deal isn't going to be as good as if you get multiple parties competing against each others. The deal was handed to Nike on a platter in a way that is probably hugely beneficial to Nike.

The Nike deal should raise huge concerns to anyone with a basic understanding of inflation.

azwhippet wrote:Max deserves every penny he has EARNED. You think the Nike money is bad for the sport? Who else is stepping up with money? Who? No one thats who.

Please, tell us how much money Nike has given USATF. Because it's not public information.

Let's review ONE athlete got over $100,000. One. The athlete can barely fund retirement with $100,000.

35 athletes over $38,000. That barely covers basics. And you would have us believe that 35 athletes are all making plenty of money with brand endorsements. As Berian's story showed, it's not happening.

I love how they inflate that last number. 85 - 37 = 48 athletes below $38,000. Yeah, those 48 are making a killing.

azwhippet wrote:

Max Siegel salary is 500k, the other monies talked about are bonuses and incentives that are offered any CEO from a major business. His base salary is lower than the CEO of US Swimming and he and T and F bring in more money. And......He has not been paid any incentives or bonuses, and that money will not come through until August of 17. All of you are just yelling to be yelling...its annoying. Max deserves every penny he has EARNED. You think the Nike money is bad for the sport? Who else is stepping up with money? Who? No one thats who.

You are correct that his salary is around $500k, but incorrect on the bonuses not being paid yet. 2014 tax return has him at bit over $1 million, so obviously the bonuses are already being paid. The 2015 taxes haven't been released yet, but the Washington Post had a lot of sources, I don't have any reason to believe their report of his 2016 pay was inaccurate.

2014 tax return:

And to add to your point, the slide was worded pay and "reimbursements" so that is travel, medical etc. not just a salary for the athlete. Maybe $80k and the rest are reimbursements for the $100k person?I bet the person that responded works for Nike. No one logical thinks Max should have the job or thinks a one offer closed door negotiation by former Nike employees is actually good for USATF. Let's be clear. The deal was only good for Nike. And no one is saying Nike should not be in the sport (that's a old tired straw man argument), they are saying Nike should pay actual value for what they get. But Nike does not want that and as a result, they hurt the sport.

pop_pop!_v2.2.1 wrote:

azwhippet wrote:Max deserves every penny he has EARNED. You think the Nike money is bad for the sport? Who else is stepping up with money? Who? No one thats who.

Please, tell us how much money Nike has given USATF. Because it's not public information.

Let's review ONE athlete got over $100,000. One. The athlete can barely fund retirement with $100,000.

35 athletes over $38,000. That barely covers basics. And you would have us believe that 35 athletes are all making plenty of money with brand endorsements. As Berian's story showed, it's not happening.

I love how they inflate that last number. 85 - 37 = 48 athletes below $38,000. Yeah, those 48 are making a killing.

azwhippet wrote:

Max deserves every penny he has EARNED.

He works for a non-profit. Everybody works harder than they actually make.

Now that the annual meeting is over, maybe they will post last year's financials and tax return as required by the USOC.