The AAF vs Other Terrible Investments and Wastes of Money

Well, it’s over. The Alliance of American Football is officially suspending operations. RIPIP, 2019-2019. Thank you for the one highlight of that quarterback getting obliterated that one time. It will not be forgotten. What will be forgotten is the investment of $70 million that is now gone forever.

Back in February, Carolina Hurricanes owner Tom Dundon pledged $250 million to the Alliance. On top of Dundon’s ownership and investment, you probably know Dundon best from the shout out he gets at the end of every Law and Order SVU intro. *Dun Dun. His incremental payments totaled $70 million by the time the AAF was shut down.

Obviously, this ended up being a terrible investment. But in the grand scheme of things, just how back was it compared to other famous wastes of money?

AAF vs. Kirk Cousins
As far as investments with no return go, Kirk Cousins is up there with the best of them. You would think adding a better quarterback to team that finished 13-3 the previous season would make them more of a title contender. Turns out, it actually means you miss the postseason. But, was the Kirk Cousins investment worse than the AAF? Yes and no. Cousins’ contract is for 3 years, $84 million and so far, no Super Bowl. We will have to see what the next two years bring.

AAF vs. the Hoover Dam
I am blindly following Ron Swanson and agreeing that the Hoover Dam is a travesty. I don’t care how much electricity it provides. The original cost was $49 million so at least it’s not as bad as the AAF.

AAF vs. Tidal
Remember when Jay-Z bought Tidal way back in the day? I honestly can’t remember what exactly it did, but I know it flopped almost immediately. Could it have been worse than the AAF? Almost, but no. Tidal originally cost the Jiggaman $56 million to buy the company.

AAF vs. the Ponzi scheme John Elway invested in
According to the Denver Post, John Elway once invested in a Ponzi scheme run by hedge fund manager Sean Mueller. Just barely beating the AAF, John Elways investment of $15 million helped the Ponzi scheme end up with $71 million from 60 total investors

Image result for john elway ponzi scheme
Denver Post

AAF vs. Justin Timberlake’s Myspace Investment
After the launch of Facebook, the coolest white person in the world, Justin Timberlake, decided he would invest in the failing social network Myspace. JT purchased a $35 million stake in the company to later sell all of his shares for a total of $1. At least he got a larger return than AAF investors.

Let us know what other investments and wastes of money we left out and throw us a follow @soft7sports on Twitter.

Evaluating the New Orleans Saints’ Offseason So Far

bridgewater-brees-08312018-us-news-getty-ftr_11yz7a3o2b60d14c6cwtlaygv8The New Orleans Saints have signed running back Latavius Murray from the Minnesota Vikings. Today the team and Murray agreed to terms of 4 years $14.4 Million per Adam Schefter. Murray had spend the past 2 years at the Vikings my way of the Oakland Raiders. The 5 year player from UCF has certainly made an impact in the league with 899 touches, 3,698 yards, and 34 touchdowns. However, most of his time in the league he has been splitting time with more formidable running backs. His role is expected to be very similar to what Mark Ingram has been for the past 2 years for the Saints as more of a complementary back to Alvin Kamara. Not a bad signing since he has been a very consistent running back in this league; however, I think I speak for most Saints fans when I say that I would much rather have Mark Ingram to be Alvin’s partner in the backfield.

In addition to adding Murray, Teddy Bridgewater is now expected to be re-signed by the Saints rather than taking a much larger deal from the Miami Dolphins. NFL sources have said that he would much rather stay with the Saints because he said he values the locker room culture and the prospect of one day becoming the Saints’ starting quarterback. If you ask Drew Brees about the possibility of that being the case, he would say that he agreed. Drew has said a few times that the guy he wants to replace him is Teddy Bridgewater.

NFL: Washington Redskins at New Orleans Saints

So then what does this mean for Mark Ingram? It means that the Saints won’t be able to re-sign the fan favorite because he probably is too much for them. Even before the Saints re-signed Teddy Bridgewater and signed Latavius Murray, Mark Ingram was looking for upwards of $7 million a year, and the Saints weren’t going to be able to afford that. Its really unfortunate because that backfield was so fun. We hate to see Mark go, but we wish him all the best, and I’m sure he knows he has a home in New Orleans.

 

-Parmesan Don

@soft7parm