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Around Campus => The Quad => Topic started by: Marshal Dillon on September 20, 2012, 10:15:59 AM



Title: Coach Has Only $500 in Bank-Incredible Story
Post by: Marshal Dillon on September 20, 2012, 10:15:59 AM
This guy is an inept idiot.



http://msn.foxsports.com/collegefootball/story/arkansas-coach-john-l-smith-owes-25-million-092012


Title: Re: Coach Has Only $500 in Bank-Incredible Story
Post by: SUPERCOACH on September 20, 2012, 10:38:04 AM
Quote
Smith has a one-year, $850,000 contract with Arkansas.

Wednesday's filing shows Smith has average monthly expenses of $27,620 against a gross income of $19,856 per month. After tax withholdings, payroll deductions, Social Security and retirement savings, he takes home $9,277.

 :duh:

I am pretty sure that a gross income of $19,856 per month is not even close to $850,000 over 10 months.  I think I see where his problem lies.


Title: Re: Coach Has Only $500 in Bank-Incredible Story
Post by: LSJBama on September 20, 2012, 10:41:10 AM
But he's got his chin up....SMILE...SMILE....HES'S SMILING.... :lol:


Title: Re: Coach Has Only $500 in Bank-Incredible Story
Post by: Marshal Dillon on September 20, 2012, 10:58:59 AM
But he's got his chin up....SMILE...SMILE....HES'S SMILING.... :lol:



Exactly! This guy is one of those guys who is a walking screw up, but is always smiling like a hyena without a care in the world.



Quote
On Monday, Smith opened his weekly news conference by telling reporters to "Smile! Smile! Or I'm not talking.




(http://farm4.staticflickr.com/3617/3595722012_5575052c15_z.jpg?zz=1)


Title: Re: Coach Has Only $500 in Bank-Incredible Story
Post by: Marshal Dillon on September 20, 2012, 11:17:51 AM
Quote
Smith has a one-year, $850,000 contract with Arkansas.

Wednesday's filing shows Smith has average monthly expenses of $27,620 against a gross income of $19,856 per month. After tax withholdings, payroll deductions, Social Security and retirement savings, he takes home $9,277.

 :duh:

I am pretty sure that a gross income of $19,856 per month is not even close to $850,000 over 10 months.  I think I see where his problem lies.



I actually find more fault with the banks. How does a guy making $1.2 million a year get $25 million in loans? No wonder the country's finances are going to crap when the bankers can't do simple math.




Title: Re: Coach Has Only $500 in Bank-Incredible Story
Post by: BAMAWV on September 20, 2012, 04:36:41 PM
Quote
Smith has a one-year, $850,000 contract with Arkansas.

Wednesday's filing shows Smith has average monthly expenses of $27,620 against a gross income of $19,856 per month. After tax withholdings, payroll deductions, Social Security and retirement savings, he takes home $9,277.

 :duh:

I am pretty sure that a gross income of $19,856 per month is not even close to $850,000 over 10 months.  I think I see where his problem lies.



I actually find more fault with the banks. How does a guy making $1.2 million a year get $25 million in loans? No wonder the country's finances are going to crap when the bankers can;t do simple math.



Was this possibly the same real estate scam that Rich Rodriguez and a bunch of 'em got involved (maybe Blacksburg). Gameday/stadium adjacent condos?