Quote:
Originally Posted by Helton17
Thanks snepp. As long as you're under budget, is there any downside to a negative profit for the year?
|
I typically don't care if I run in the red or black at the end of the year. If the owner gives me the budget space to work with I'm usually going to find a way to spend it one way or the other, within reason. I like to leave myself some budget flexibility for a late-season trade if I expect to be competitive.
If you run a nice profit, they end up pocketing a bunch of it, if you run a big deficit they infuse cash out of their pocket instead. Your revenue will drive your future budgets, not how efficient you were with the money you had.
That's all in general, there may be specific times you really want to carry a bunch of excess cash over to the next year for making a big one-year push or something. Going a little cheap one year and carrying a maximum cash balance into the next season could mean signing a really nice 1-year deal for someone that you may not have been able to afford otherwise.