The Principal Agent Problem

Discussion in 'New York Jets' started by HomeoftheJets, Dec 30, 2018.

  1. HomeoftheJets

    HomeoftheJets Well-Known Member

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    The principal agent problem occurs when an agent makes decisions on behalf of a principal, the agent has more information than the principal, and the agent's incentives don't align with the principal's. In the case of the Jets, the Johnsons are the principals and the people they hire to run the team are the agents. Unfortunately, the Johnsons have never understood this concept, and their repeated failure to understand it has screwed the Jets over and over again. Examples:

    1. When Woody forced Idzik to keep Rex, Idzik intentionally sabotaged the 2014 season to get Rex fired.
    2. The consulting firm Woody hired that recommended Idzik didn't care about picking a good GM so long as they got paid.
    3. Because Casserly and Wolf weren't Jets employees and had no interest in future consulting jobs, they recommended their friends (Mac and Bowles).

    Now Chris decided to fire Bowles and keep Mac. The best coaching candidates are the Harbaughs and McCarthys of the world. Because Darnold is a promising young QB, the Jets job is attractive. But Mac knows that hiring one of them could cost him power and even his job. So it's in Mac's best interest to hire an inexperienced coach who he gets to boss around, even if that coach isn't good. Because it's better to get fired in a couple years from now than get demoted or fired now.

    Maybe we'll get lucky. For example, Mac could start drafting better or hit the lottery with an inexperienced coach. Or Mac cares so much about the Jets that he's willing to hire a top coach and risk a demotion for the team's sake. But the fact that Chris is once again putting the Jets in this position is depressing.
     
  2. Rollo Tomassi

    Rollo Tomassi Well-Known Member

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    Too much plot.

    It’s like after the TV repairman shows up at the destitute wife’s trailer and right before they drop trou...the conversation kicks in.
     
  3. tomdeb

    tomdeb Well-Known Member

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    I really do not understand keeping MacCagnan. I seriously do not think the Johnson brothers understand how many draft picks Maccagnan has wasted or how Maccagnan has thrown so MUCH money at failure free agents. Trumaine Johson is now another bad contract, thanks to Maccagnan.
     
  4. Longsuffering88

    Longsuffering88 Well-Known Member

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    Yea

    The Johnsons are fucking douche bags.

    They do not have the eye of the tiger. No heart, no passion.

    They did NOT become wealthy on their own accord. They were born that way. Soft. Weak. Not their fault. They are pussies by destiny.

    They have no acquired fight or flight instinct.

    Maybe they can sell the team to a self made billionaire thug gangsta with balls.


    Bezos?
     
  5. Ralebird

    Ralebird Well-Known Member

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    So, what process do you suggest the Jets use to hire the new head coach and who should the players be in that process?
     
  6. statjeff22

    statjeff22 2008 Green Guy "Most Knowledgeable" Award Winner

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    Business school student?
     
  7. HomeoftheJets

    HomeoftheJets Well-Known Member

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    If Chris had football or business knowledge like many owners do, he should interview coach and GM candidates and pick the best one. Then put that guy in charge and let him run the team. Unfortunately he doesn't, so he has to trust somebody to do the right thing. Given the Jets situation (Darnold, young team, cap space), the job is pretty attractive. So throw out good offers to Harbaugh, McCarthy, Riley, etc and get one of them to bite. In this case the coach would pick the GM. Otherwise find someone good but not ancient to be team president. But make sure the hire is well-regarded (a great football mind like Dorsey can make unconventional moves, but that doesn't apply here) and needs the Jets to win for his own career success. For example, when Haslam hired Dorsey, Dorsey was highly thought of and young enough that it was essential to him that he did a good job. Provided Haslam doesn't go full Jed York and run Dorsey out of town, the Browns will be a good team going forward.
     
    #7 HomeoftheJets, Dec 31, 2018
    Last edited: Dec 31, 2018
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  8. HomeoftheJets

    HomeoftheJets Well-Known Member

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    No but somewhat related.
     
  9. Ralebird

    Ralebird Well-Known Member

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    But who do you want to run the hiring process? The GM job is not open. Dorsey works in Cleveland. Deal with the reality of today. Lots of people here complaining about that which is not going to change. Do you actually believe that MacCagnan does not want "the Jets to win for his own career success?" Who do you want to put together those "good offers" you want thrown out there? Johnson is not doing that himself.
     
  10. GreenFan15J

    GreenFan15J Well-Known Member

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    No GM in the NFL gets to pick a Head Coach without consulting the owners.

    Please please please just pick the right one.
     
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  11. Footballgod214

    Footballgod214 Well-Known Member

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    I love it when reporters write an article that includes: "Spoke with 4 GMS, and they all agree that such and such a guy would be a great HC". Yeah, like any GM is going to point a reporter (rival team) in the direction of a great new HC.

    If I was a GM and someone came to me asking about a great HC, I'd tell them to hire Todd Bowles. hahahahaha
     
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  12. HomeoftheJets

    HomeoftheJets Well-Known Member

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    I'm sure Mac wants the Jets to win. But not at the cost of his job. So given the choice of hiring a top coach who will call him out for bad drafting and convince Chris to change GMs, or going with a lesser coach who won't do that, he'll pick the lesser coach.

    And Chris has to fire Mac and put the offers out there. That's the owner's job, to hire people to run the team. Since there's no Dorsey, his best bet is to allow a Harbaugh or McCarthy to pick a GM. There's precedent for that, Reid and Carroll have power over the front office in KC and Seattle. Either that or a team president. Given Darnold and no Mac, there are good people who would take the job.
     
  13. Ralebird

    Ralebird Well-Known Member

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    You can't be honest and believe that MacCagnan would have any different need for success than anyone else holding that position; it just doesn't work. And you also can't believe that Chris Johnson is capable by himself of selecting and putting together a proper offer for a new head coach. He's not firing MacCagnan in any event. Move forward. It certainly appears that Johnson has confidence in MacCagnan's abilities even if you don't and, be honest, you really have no idea what goes on inside that office, all you see is the results on the field.
     
  14. LAJet

    LAJet Well-Known Member

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    AH, THE THRILL OF FIRING THE EXISTING HC HAS QUICKLY BEEN OVERCOMED BY THE AGONY OF SELECTING A NEW ONE
    Funny thing about us Jet fans. Many are strongly in favor of hiring nothing but an experienced coach, yet most names short of the Harbaughs and McCarthy have been received with total disgust. Gase, Caldwell and the many other rethreads have not done enough to really give us any confidence. Of the three aforementioned top experienced candidates btw two are not even available at this point. To add further salt to the wound the first three OC mentioned for interviews have been received with total disdain by many as well. Not enough experience, a product of Reid, Manning etc etc. Moving ahead some are even blaming our dysfunctional front office as the cause why the first College candidate refused an interview, ignoring of course the fact that he has refused all interviews. Add to that the mortal fear of Mac's involvement in the interviews, the ownership conflicting comments on reporting structure and we begin to create a deja vu vision of pending doom and 4 more years of mediocracy. Can't say I blame the fans for the negative outlook, we have a long history of bad moves.
    Let us pray and hope that thru massive luck if nothing else we stumble upon a HC, newbie or not that surprises all of us and jointly with Mac they can put together a no shit supporting cast to make Sam a star.
    Oh and one more thing, hopefully the new HC will be successful enough to keep the ownership from making football decisions, or any further hiring decisions.
    We can only hope.
     
    #14 LAJet, Dec 31, 2018
    Last edited: Jan 1, 2019
  15. BrickcityJet

    BrickcityJet Well-Known Member

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    I’m still not ready to throw McCagnan under the bus. While we have a lot of holes to fill playerwise I don’t think the team has a true deficiency in talent. It’s more of the coaching staff not getting the most out of players + a plague of injuries= 4 and 12.

    Something was just off with the coaching. Let McCagnan pick his guy and we’ll see what happens.
     
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  16. NYJetsO12

    NYJetsO12 Well-Known Member

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    Well this is depressing...and possibly true

    Can Chris Johnson give up his Model Airplane hobby and be totally devoted to researching a good HC?? Can Chris be football smarter than Woody??

    On a positive note we are back in a Woody/idzik end of the season position rather than outside firm, no interest one way one or the other play,,,so points #2 and #3 have no bearing

    The real rub is whether CJ keeps Mac on a short leash and overrules the incompetent bozos he recommends OR as Ralebird points out the whole setup could be if Mac just plays along, gets an outstanding Coach like a Harbaugh, he is rewarded with his present well paying job for years to come

    Its a trust issue here imo..
     
  17. Ralebird

    Ralebird Well-Known Member

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    Hmmm, that's a possibility but not at all what I have suggested. I see no reason for anyone to get a free ride.
     
  18. HomeoftheJets

    HomeoftheJets Well-Known Member

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    Yes Mac would. Say he was a draft guru. Then coaches would be lining up to work for him, and he would pick the best one. But he isn't. Which means the top candidates (i.e. the ones who could turn down the Jets and get hired as a head coach elsewhere) may not want anything to do with him. So if he hires one of them, he's asking for a power struggle, which he would lose. Knowing that, Mac's best option for himself is to hire a second-tier candidate that he likes and is confident won't challenge him for power. This is obviously not the best option for the Jets organization.
     
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  19. jilozzo

    jilozzo Well-Known Member

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    geez......bowles was canned only 24 hours ago and already its turned into a cluster fuck with a few interview refusals and the owner mumbling about some sort of stable organizational structure.

    hey chris…...take your ill conceived structure and stuff it. This team is gonna deserve the intense backlash and scrutiny its gonna get.
     
  20. Ralebird

    Ralebird Well-Known Member

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    I'm going to guess that you're a young guy with very little business experience, which is important because this is a business matter, not a football matter. The NFL, like many niche markets, is small and close; everyone inside management knows everyone else. They know who is good at what they do; they know those who just grind along and they know who lies on the edge of incompetence. They know who works hard and who is a slacker and they surely know who would be self-dealing rather than looking out for the best interest of his employer. That guy who looks for the "best option for himself" as you suggest would never work in the business again.
     
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