2025 WNBA Off-Season

[CTFAN4LIFE]

Some of his assumptions (e.g. competition against UConn's teams) don't make sense, however in reading the article, I get where they're coming from. It sounds like previous investments by the state didn't accomplish what was intended and there is a concern the same would happen in this case. Does it make sense for a government body to spend this money now, when there could be other pressing matters in the state? It's not an easy question to answer.

A lot of his logic makes no sense. I get the argument about not spending pension money. But, when your specific points are based in ignorance it erodes your other arguements.

 

[azfan]

Some of his assumptions (e.g. competition against UConn's teams) don't make sense, however in reading the article, I get where they're coming from. It sounds like previous investments by the state didn't accomplish what was intended and there is a concern the same would happen in this case. Does it make sense for a government body to spend this money now, when there could be other pressing matters in the state? It's not an easy question to answer.

Provocative article outlining some of the complexity of the intersection of public policy and sports.

*With luck the Women’s National Basketball Association will disabuse the governor, the treasurer, and state legislators out of using pension money to become ...."

An accelerating trend which I find concerning as a retiree with a public pension is the movement of pension funds into "alternative" investments. Attracted by the supposedly high return public sector pension managers facing the upcoming crisis of benefits greater than investments are searching for ways out of the crash.

In Arizona one of the healthier public pension funds is approximately 70% funded. If 70% of our future obligations is considered healthy one can get a very firm grip on the scale of the approaching crisis. While the social security debacle will have to be addressed in the next 7 years and public pensions may be able to stagger on for another dozen it doesn't take a genius to figure out who's going to be left with the bill.

Our children and grandchildren.

Pension funds in a sports franchise will clearly be illiquid, uncertain, subject to a requirement to engage in some bizarre politics as outlined in the article.

Thanks for posting this

 

[azfan]

A lot of his logic makes no sense. I get the argument about not spending pension money. But, when your specific points are based in ignorance it erodes your other arguements.

I think this is an important thesis. Not only regarding the specific situation about sports in Connecticut but more importantly about the health of pension funds and the propensity for pension fund managers to seek higher returns in illiquid investments

 

[CTFAN4LIFE]

I think this is an important thesis. Not only regarding the specific situation about sports in Connecticut but more importantly about the health of pension funds and the propensity for pension fund managers to seek higher returns in illiquid investments

Don't disagree about wanting to make sure returns are good, liquidity needs to be aligned to payout needs, etc. It's a balancing act for sure.

 

[cancontent]

Provocative article outlining some of the complexity of the intersection of public policy and sports.

*With luck the Women’s National Basketball Association will disabuse the governor, the treasurer, and state legislators out of using pension money to become ...."

An accelerating trend which I find concerning as a retiree with a public pension is the movement of pension funds into "alternative" investments. Attracted by the supposedly high return public sector pension managers facing the upcoming crisis of benefits greater than investments are searching for ways out of the crash.

In Arizona one of the healthier public pension funds is approximately 70% funded. If 70% of our future obligations is considered healthy one can get a very firm grip on the scale of the approaching crisis. While the social security debacle will have to be addressed in the next 7 years and public pensions may be able to stagger on for another dozen it doesn't take a genius to figure out who's going to be left with the bill.

Our children and grandchildren.

Pension funds in a sports franchise will clearly be illiquid, uncertain, subject to a requirement to engage in some bizarre politics as outlined in the article.

Thanks for posting this

I can't take credit for posting the article, but the conversation about how pensions are managed is a topic of discussion that affects everyone. I have the same concerns as to how the Canadian version of Social Security, the Canada Pension Plan is being managed as it's very unlikely it will be sufficient for Canadians when they need it.