12.Jan.2012 It’s Official: Riley F’d up Again
Heyward left due to money and money only.
Check out this cost of living comparison: Click Me
Based on a $105,000 salary, Heyward paid $9237 in Oregon taxes. So, Seattle is 35% more expensive than Corvallis, and the income tax differential (i.e. Washington has no State income tax) reduces that to 26.2%. Now factor in the raise. $105,000 to 124,000 (these are the figures I'm hearing). That's an 18% increase. Subtract that from the 26.2%…Heyward just took an 8.2% pay decrease to move to Seattle.
So who won?
Obviously, the Huskies. They weakened a division rival, and paid 8.2% less money to do so. They might wind up landing Shelton, Brice, Wallace, et al, too.
- Heyward is worse off. He just lost 8.2% of his purchasing power (makes me wonder if Keith studied economics or basic math in college). This figure will increase when factoring increased net income into his Federal taxes.
- Clearly the Beaver football program is worse off. They lost their best recruiter.
- Mike Riley is worse off. He looks inept for letting Heyward walk over a few thousand dollars. A raise to 120k would have kept him. Additionally, Riley risks his recruiting class, confirms his nepotism, confirms that he rewards friends who yield poor results over an up and comer getting the job done.
Riley apologists will want to blame Bob D. Trust me, Riley can get a guy a raise if he wants to. Bob D is to blame for Riley but not for letting Heyward walk.