Originally Posted by LX
How does it make sense? They are employees. And their salaries already get deducted as expenses before they get further deductions for depreciation. That's just another scheme for the rich to get richer. Wonderful. Please let me hire a bunch of highly skilled people and then write it all off multiple times while they make money for me. Beauty.
If this strike lasts all season, it's going to leave a bad taste in my mouth. Especially if these assholes try to make out like it's all being done for me as a fan. I don't buy it, and they might just lose me as a fan.
of course it's a scheme for the rich to get richer; i just think the accounting behind it is kind of interesting. you depreciate an asset to match the expenses to the revenues it earns over the course of its useful life. typically as an asset gets older it gets less productive and a declining balance method of depreciation would reflect that. in that sense players and capital assets are a lot alike. after a certain point in their careers, players get less and less productive as they age. the depreciation would account for that.
based on principle it's fucked. theory wise though i think it's kind of cool.