Reality hits home!
The recent announcement by Mike Dee, the CEO of The Miami Dolphins, to immediately cut employee salaries due to the NFL lockout has prompted me to direct my thoughts on just how much impact the most popular sport in America can have on our friends, neighbors and the economy as a whole. Obviously, merely being frustrated as a fan was not enough!
After all, before recently “THE LOCKOUT” only affected the players and owners, right? No, that is incorrect. Yesterday, it was the other guy. Today, it is us. This reminds me of the old adage questioning the difference between a recession and a depression. The answer is, “a recession is when your neighbor loses his job, and a depression is when you lose yours.” It could have been worse. Stephen Ross, owner of the team will take criticism for cutting salaries, but to his credit, did not announce layoffs. In fact, many other teams in the NFL have already made cuts and / or layoffs and had the end been in sight, he may have waited even longer.
Because this type of situation has the potential to at least mildly adversely affect the economy in practically every state in the country, I cannot help but wonder why the courts cannot hear the appeal sooner or somehow speed up the legal process. There is much more at stake here than player vs. owner, who by the way are sadly the ones that can afford to wait things out the longest. Think about it. Here is a recent example of basic macroeconomics.