We build a simple, but powerful and intuitive, model for when a hockey coach should pull the goalie when trailing. When the model reports that the coaches aren’t doing it nearly early enough, we then ask why, and take away some key lessons for portfolio and risk management, and business in general.
Last weekend, Steelers running back Le’Veon Bell sat out the first game of the regular season rather than play under the NFL franchise tag. Slated to earn $14.5 million in guaranteed money in 2018, Bell loses out on $855,529 each week he fails to report. The franchise tag would make Bell the third highest paid running back in the NFL this season — but only if he actually plays. Around the league, there is a wide range of speculation on how long Bell’s holdout will last. ESPN’s Adam Schefter reports that his sources believe Bell could be back by the end of September, while others note his holdout could conceivably last through Week 10.