NFL Labor Peace Brings Employment Chaos: Business Class

Now that labor peace is at hand in the National Football League , the real chaos is beginning.

There is an unusually narrow timeframe for teams to sign (or pass on) the hundreds of free-agent players who remain on the market. Thus, the next few weeks promise to be a caffeine-fueled free-for-all.

How can teams assign value on the fly to make informed decisions about acquiring and retaining talent? By Aug. 3, more than 460 free agents had already been signed or resigned, with many more still searching for teams.

In short, it's difficult,  as anyone who has ever had to quickly make hiring and firing decisions, or any sort of valuation, could attest. In  my book "Scorecasting: The Hidden Influences Behind How Sports Are Played and Games Are Won," which I co-authored with Jon Wertheim of Sports Illustrated , we described a study that examines how NFL teams fare on draft day. Without a doubt, draft day is the ultimate microcosm for assessing value quickly. The authors of the study, Cade Massey, a Yale University professor, now at the University of Pennsylvania , and Richard Thaler , a professor of behavioral economics at the University of Chicago , found systematic evidence that NFL teams overpay for high draft picks -- both in terms of salary and the opportunity cost of the other players they could have acquired for the pick.

Consider the 2004 draft: The San Diego Chargers chose Eli Manning with the first overall pick. The New York Giants , who held the fourth overall pick and were in the market for a quarterback, were faced with two very different options in the 15 minutes they had to make their selection.

Option one: Make a trade with San Diego –- a deal  in which the Giants would first draft Philip Rivers , swap him for Manning, and then surrender their third-round pick that year as well as their first- and fifth-round picks in the 2005 draft. Option 2: Trade their pick to the Cleveland Browns , who held the seventh pick (before they swapped their pick with Detroit ). Then,draft Ben Roethlisberger with that pick, and receive Cleveland ’s second-round pick in addition to drafting Roethlisberger.

The Giants chose the first option, which meant they effectively considered Manning to be worth more than Roethlisberger plus four additional players.

This struck the two economists as an extraordinarily steep price. After collecting data from the NFL draft over the previous 13 years -- looking in particular at the trades made on draft day and the compensation paid to top picks -- they found that the Manning trade was anything but unusual. As a matter of routine, teams paid huge prices in terms of current and future picks to move up in the draft. They also paid dearly for contracts with those players.

Wage Overpayment Recovery Pennsylvania - News


New Pa. government website offers little value

website that will allow you to look up a state employee's salary, and the state will spend $200000 or more per year forever to run it. What value would taxpayers get for their money? Joe Blow makes $50000, and that means what? Mr. Blow is overpaid,



NFL Labor Peace Brings Employment Chaos: Business Class

now at the University of Pennsylvania, and Richard Thaler, a professor of behavioral economics at the University of Chicago, found systematic evidence that NFL teams overpay for high draft picks -- both in terms of salary and the opportunity cost



Giants' Prince Amukamara the last unsigned draft pick
Giants' Prince Amukamara the last unsigned draft pick

I'll play for 80000, I was an all conference D-back in PA back in 2000? Not saying it's right, but this might be Prince's point of view: "Damn, not only was I supposed to be a top ten pick, but they hit us with this new rookie salary structure thing



A Few Free Agent 3rd Down Running Backs The Steelers Might Consider
A Few Free Agent 3rd Down Running Backs The Steelers Might Consider

The Steelers have some housekeeping of their own to do right of the bat to get under the salary cap and I have posted in depth about that over the last few weeks. The Steelers once again do not look poised to make a huge splash in the free agent market



MLB Trading Deadline…10 Days…
MLB Trading Deadline…10 Days…

Mind you, he signed with then-God-forsaken Kansas City at an inexpensive $2.5M with an option for 2012 – making him droolworthy for GM seeking production without overpayment. So he's never hit 30 HR (averages 20 with high of 29 in 2006) usually drives




Police payrow visit angers nurses | Sunshine Coast News | Local ...

The Daily understands police had made several unsuccessful attempts to speak with the nurse outside work prior to yesterday's visit.

ABOUT THE PAYMENTS

Nambour nurse among four Sunshine Coast health workers department said made “fraudulent interim cash payment claims” during payroll debacle

Most of the allegations have been dismissed without a charge being laid

88 Queensland health workers investigated for similar claims

38,000 staff have received wage overpayment letters

Statewide moratorium introduced last month covers only staff suspected of being overpaid, not fraud matters

This is shocking and we sit on our backsides and let Queensland health get away with this sort of rot, the Queensland Goverment needs to be held accountable for this, and should be punished accordingly in other words sacked now,we need our nurses they are the back bone of the hospital system, without them we are stuffed,something needs to be done and done now.......... Queensland health and thie Minister for Health needs to be gone through with a fine comb and the minister needs sacking they are pissing money up the wall with this new pay system thats not working and never will........

Yes lets send the Police in for $2000 dollars but lets leave Anna Bligh in the top job even though SHE and her party blew $900 000 000 on the Traveston Dam. And how many Billions of dollars is this payroll debacle costing Queensland. Lets promote our politicians that have no idea which are sending this state bankrupt. I guess it will never go bankrupt because they will just keep tacking on levies. Talk about stupidity. Yes a "smart" state of affairs.

The police are only doing what Bungling Bligh and Laughable Lucas want them to do...get rid of these two buffoons and hire someone with intelligence to fix the problem. I wonder how many of the payroll staff and their superiors have the same problems as the nurses?? Leave the nurses alone! Fix the debacle and then resign..if you worked in the real world you'd be looking for another job!!!

Ed; Where's the Queensland Health Minister? He's being sheltered or in hiding because he knows quite well, that his department is in deep trouble and yet, the full picture re the worsening crisis within our hospitals isn't being told and yet; perhaps the S/C Daily should check with Qld Health's regional manager re what's going on within the Nambour hospital and "ramping" issues at Caloundra in recent days? We know that the ALP continues to have in place, apolicy to mass populate the Eastern Seaboard and thus, the reason for infrastructure problems. The ABC is running with a story re a teenager having to wait in a QAS unit at the PA for 5 hours because that night, the hospital was "at capacity". The solution to this pay system issue should be going back to a Clock-In Clock -out system but; do we really think the Queensland Health Minister would even consider that?


Wage Overpayment Recovery Pennsylvania - Bookshelf

Labor arbitration reports

Labor arbitration reports

WAGE OVERPAYMENT Issue WILLIAMS, Arbitrator:— Was the Company in violation ... Pennsylvania; that the Company and the United Papermakers and Paper- workers ...

Guidebook to Pennsylvania Taxes

Guidebook to Pennsylvania Taxes

Refunds A taxpayer who has overpaid the payroll tax or believes he or she is not ... Erroneous refund recovery: The Treasurer may sue for recovery of an ...

Protection of wages, standards and safeguards relating to the payment of labour remuneration

Protection of wages, standards and safeguards relating to the payment of labour remuneration

13-12.0305(h), and Pennsylvania (46), s. 9.1. In Indiana (19), s. ... However, when a single gross wage overpayment is equal to ten times the employee's ...

Second decennial edition of the American digest, a complete digest of all reported cases from 1906 to 1916

Second decennial edition of the American digest, a complete digest of all reported cases from 1906 to 1916

Luzerne County, 54 Pa. Super. Ct. 44. <3=>101. Allowance and recovery of ... 1912) An overpayment made on the salary of a justice of the peace by the ...

Congressional edition

Congressional edition

Voucher 48 comprises receipts for payments to JJ O'Brien, for salary as draughtsman, $379; bill for printing, $1341.48; PA Dey, for faro of woodcutters to ...

Daily Posts Directory


Chapter 910 - OVERPAYMENT RECOVERY
910.44 INSUFFICIENT WAGE INFORMATION FROM EMPLOYERS. 910.45 DETERMINING THE TYPE OF ERROR ... OVERPAYMENT REFERRAL DATA INPUT FORM (PA 189), ARRC CLAIM CHANGE FORM (PA 1001) ...

Chapter 3-0800 Overpayment Process
The PA reviews the overpayment memorandum and all available evidence to verify the ... to waive recovery of an overpayment is based on the PA's review of ...

Pennsylvania wage deductions overpayment / Pennsylvania wage ...
Pennsylvania wage deductions overpayment, Sls free dish detergent Anfibios en panama

Livingston County Michigan Human Resources Policy Manual
Recovery of Compensation Overpayments and Restitution of Underpayments ... overpayment of wages or fringe benefits that are paid directly to an employee without the ...

UC Eligibility
Recovery of the fault overpayment may also be deducted from future benefits ... The Pennsylvania UC Law also provides for prosecution and penalties for anyone ...