After a disastrous 2016 Jets season, going 5 -12 and not reaching the playoffs since 2010, one would think that letting go of general manager Mike Maccagnan and coach Todd Bowles would be the right thing to do?
The only thing is; they’ve been with the organization for only two years.
I know the team did fire former general manager John Idzik after only two years (2013 – 2014) while at the helm but that was because they sent Coach Rex Ryan walking at the time, too, but this was a different circumstance. Normally, if you fire the general manager, the coach needs to be relieved of his duties. The reason for their early firing was: the team started to decline after the 2010 season losing more games under Ryan. The belief was; you are what your record says you are, so they had to make a change.
Now, Johnson has a plan and he did not listen to the fans outrage but stood by what he believes was right for his football team in order to bring long-term success to the franchise. That is the name of the game. The team doesn’t want to be a one-hit wonder.
Bowles should be kept due to keeping to his belief that consistency helps to bring about success in the NFL. There are a lot of things that go into winning NFL games and the talent of the roster tops the list. You certainly need a good quarterback to win consistently, which the team hasn’t had in a while. You also do not need constant change because it doesn’t help. It just makes it more difficult.
I think Johnson has confidence in Bowles, who has a chance to improve on the team’s performance and to make them better in 2017 with a young crop of players mixed in with a few veterans in what they are terming it as a rebuild year. Both can judge performance in their own way each year, instead of embracing change.
So, it makes tons of sense for them not preaching reaching playoffs or Super Bowl this year. It just puts more pressure on the players and it distracts them, even though some may still think and believe that. With this idea in place, if the team starts out 0 – 4, there shouldn’t be no talk of firing the coach since Johnson said the team will not be judged by wins and losses but by the growth of their young players.
Maccagnan and Bowles were hired in the same year and two years is certainly not enough time to determine whether they are right for the job. Woody Johnson’s belief is that they will get it done together. We will see about that.
The Johnson & Johnson heir and New York Jets owner, Woody Johnson, has a net worth of $4.2 billion on the Bloomberg Billionaires Index following an analysis of his financial disclosure to the U.S. Office of Government Ethics as part of his nomination. Other billionaires in Trump’s administration include Commerce Secretary Wilbur Ross and Linda McMahon, who heads the Small Business Administration. Johnson, 70, is awaiting Senate confirmation.
So Johnson now ranks among the world’s 500 richest people.
Johnson’s disclosure, dated March 7 and certified by the ethics office on June 27, lists more than 1,100 stocks, bonds and other securities, including more than $50 million in cash in a Bank United Inc. account, a stake in the All Weather fund run by billionaire Ray Dallo and dozens of personal trusts and holding companies.
Based on the midpoint of value ranges indicated for each asset, Johnson probably has more than $1.7 billion in assets unrelated to his ownership of the Jets and about $233 million in liabilities. He also lists more than $50 million in shares of New Brunswick, New Jersey-based J&J, the health-care products company co-founded by his great-grandfather. Based on listed dividend income from the past 12 months of “over $5 million,” Johnson would have at least 1.56 million shares in the company. That holding is worth more than $205 million at Monday’s closing price.
The majority of his wealth is tied to the Jets, though, his National Football League franchise, which the billionaire purchased for $635 million from the estate of Leon Hess in 2000. Today the team is conservatively valued at $2.7 billion, according to a July valuation opinion by Peter J. Schwartz, a consultant with Anderson Economic Group. The team and its stadium interest are both listed in the disclosure as being worth “over $50 million” — the highest value field required by the document.
Although football had a down year in 2016 compared to its own lofty standards, the value of teams still rose generally across the board based on increased revenue generation and the power of the NFL-branded media deals,” Schwartz said in a phone interview. Johnson earned more than $81 million in income in the past year from the team and its ownership stake in Met Life Stadium in East Rutherford, New Jersey, which it shares with the NFL’s New York Giants.
Information provided by Bloomberg.com.
There are many professional sports team that are worth lots of money and according to Forbes recent valuations of all sports teams, the New York Jets are the 13th most valuable team, currently worth $2.75 billion.
Is this due to Woody Johnson being the owner of the team?
Well, Johnson is assisted by New York being a very marketable state. It’s the 3rd largest state population-wise, having over nineteen million people residing and with football being the most popular sport now, always helps. The stadium where the Jets play is MetLife Stadium is fairly new and actually located in New Jersey, does increase the valuation much more. Due to the high ticket prices for games and concession stand prices being astronomically high. Johnson was the owner in 2010 and he played a large part in getting a new stadium built for the state and the fans not only in New York and New Jersey but across the United States.
It certainly looks good for Mr. Johnson now being that the Jets are worth $2.75 billion when he bought the team for only $635 million. He can make a pretty penny on it if he does sell the team. Most of the time, billionaires like Johnson make purchases like this for investment purposes only and just to say, I own a NFL team. Right now, it certainly does look like a good investment.
Teams that are currently rated as more valuable than the Jets are the Dallas Cowboys, New York Yankees, Manchester United, Barcelona, Real Madrid, New England Patriots, New York Knicks, New York Giants, San Francisco 49ers, Los Angeles Lakers, Washington Redskins, and Los Angeles Rams.