TiVo Community
TiVo Community
TiVo Community
Go Back   TiVo Community > TiVo TV Talk > Now Playing - TV Show Talk
TiVo Community
Reply
Forum Jump
 
Thread Tools
Old 05-30-2013, 07:58 AM   #1
TonyTheTiger
Pro Troll Magnet
 
TonyTheTiger's Avatar
 
Join Date: Dec 2006
Posts: 11,963
Deadliest Catch - OAD 5/28/2013

Well, it seems that no-one has started a new thread yet, so here goes...

I'm really surprised that Edgar didn't fire Jake as soon as he set foot on land! I can understand Sig not taking action because he wasn't the captain when the incident occurred, but Edgar HAD to fire Jake, so I was shocked when he was even offered the choice of coming back.

I SO wanted Elliot to fail. He and Junior should make interesting viewing at the end-of-season get-together with Mike Rowe!
__________________
"YOU! YES YOU! STAND STILL, LADDIE"
"How can you have any pudding if you don't eat your meat?"
TonyTheTiger is offline   Reply With Quote
Old 05-30-2013, 08:56 AM   #2
JFriday
"Just The Facts"
 
JFriday's Avatar
 
Join Date: Mar 2002
Location: Bay Area
Posts: 12,883
I think that meeting was for a TV moment, nothing more. Damn Jake has aged since the show started.
JFriday is offline   Reply With Quote
Old 05-30-2013, 10:51 AM   #3
pmyers
Registered User
 
pmyers's Avatar
 
Join Date: Jan 2001
Location: Gilbert, AZ
Posts: 14,163
Quote:
Originally Posted by JFriday View Post
I think that meeting was for a TV moment, nothing more. Damn Jake has aged since the show started.
Agree with points.
pmyers is offline   Reply With Quote
Old 05-30-2013, 09:23 PM   #4
Gene S
Registered User
 
Gene S's Avatar
 
Join Date: Feb 2003
Location: Belleville, IL
Posts: 502
Quote:
Originally Posted by JFriday View Post
I think that meeting was for a TV moment, nothing more. Damn Jake has aged since the show started.
I wonder if that's when they all got paid. They all had an envelope with them , and Jake took one when he sat down at the table, and left with it.
Gene S is offline   Reply With Quote
Old 05-31-2013, 10:03 AM   #5
pmyers
Registered User
 
pmyers's Avatar
 
Join Date: Jan 2001
Location: Gilbert, AZ
Posts: 14,163
Quote:
Originally Posted by Gene S View Post
I wonder if that's when they all got paid. They all had an envelope with them , and Jake took one when he sat down at the table, and left with it.
I doubt it. I would assume they would get paid before they leave the boat. I highly doubt they even all live anywhere near each other to have a meeting like that. I agree the entire meeting was staged after the fact....probably months after.
pmyers is offline   Reply With Quote
Old 05-31-2013, 01:34 PM   #6
JFriday
"Just The Facts"
 
JFriday's Avatar
 
Join Date: Mar 2002
Location: Bay Area
Posts: 12,883
On one of the boats I forget which the Captain said he'll be happy when he's home and his check arrives.
JFriday is offline   Reply With Quote
Old 05-31-2013, 02:02 PM   #7
jeff92k7
Registered User
 
Join Date: Jan 2006
Location: Dallas area
Posts: 308
Yeah, they would have to get paid well after they leave the boat. They said on a recent episode that the crab are worthless until they're completely offloaded, so the boat won't get a check from the fishery until all the crab are delivered. Then, the boat owners would have to pay expenses (including salaries), so payday for the crew will not happen until all that occurs. It could easily be weeks before getting paid depending on how slowly the money trickles down and how responsible the boat owners are.
jeff92k7 is offline   Reply With Quote
Old 05-31-2013, 02:57 PM   #8
pmyers
Registered User
 
pmyers's Avatar
 
Join Date: Jan 2001
Location: Gilbert, AZ
Posts: 14,163
I'll post on the CM facebook page and hope for an answer but I highly doubt anybody leaves Alaska without getting paid (or at least a chunk). I remember past episodes where greenhorns didn't even have money for a plane ticket home which tells me they were banking on a paycheck.
pmyers is offline   Reply With Quote
Old 06-01-2013, 01:24 AM   #9
Worf
Registered User
 
Join Date: Sep 2000
Posts: 1,611
Well, the fishery may pay NET30. However, remember they do offload in the middle of the season so there's some money coming in during the season. It's just the rest of the pay off the final offload comes afterwards.
Worf is offline   Reply With Quote
Old 06-01-2013, 10:31 AM   #10
GoPackGo
Registered User
 
Join Date: Dec 2012
Posts: 969
I'm certain the meeting we saw was all of the guys gathered to get their pay. The boat pays the crew, then later the sorting factory pays the boat's owner.
GoPackGo is offline   Reply With Quote
Old 06-02-2013, 02:39 AM   #11
Worf
Registered User
 
Join Date: Sep 2000
Posts: 1,611
Man, what's with the spoilers in next week's show? Just look at the episode description....
Worf is offline   Reply With Quote
Old 06-02-2013, 11:59 AM   #12
billboard_NE
North Shore MA
 
Join Date: May 2005
Posts: 1,377
I am going to miss Jake crying, seems like he cries every episode he is in.

Also I wish Eliot would tell us who owns the boat he is piloting.....
billboard_NE is offline   Reply With Quote
Old 06-02-2013, 03:13 PM   #13
Kablemodem
Get the ketchup.
 
Kablemodem's Avatar
 
Join Date: May 2001
Location: Sherman Oaks, CA
Posts: 17,961
I think
Spoiler:
Eliot
owns the boat he is piloting.
__________________
I think Kablemodem is (in this one particular instance) right. - JETarpon
Kablemodem is online now   Reply With Quote
Old 06-02-2013, 03:31 PM   #14
Ment
Registered User
 
Join Date: Mar 2008
Location: People's Republic of Boulder
Posts: 7,839
Quote:
Originally Posted by billboard_NE View Post
I am going to miss Jake crying, seems like he cries every episode he is in.

Also I wish Eliot would tell us who owns the boat he is piloting.....
He owns the boat or at least owns part of it. How he got financing for it I'll never know. If I had money to invest I wouldn't give it to him.
Ment is offline   Reply With Quote
Old 06-03-2013, 06:47 AM   #15
RickyL
valar morghulis
 
RickyL's Avatar
 
Join Date: Sep 2004
Location: Indianapolis
Posts: 961
Quote:
Originally Posted by Ment View Post
He owns the boat or at least owns part of it. How he got financing for it I'll never know. If I had money to invest I wouldn't give it to him.
I'm betting he agreed to sign over his payment from Discovery. Maybe that was enough for the bank to take the chance.
__________________
-Rick

"If You chose not to decide, you still have made a choice" Rush, Freewill
RickyL is offline   Reply With Quote
Old 06-04-2013, 06:48 AM   #16
billboard_NE
North Shore MA
 
Join Date: May 2005
Posts: 1,377
I joke, Eliot mentions every 15 seconds that he owns the boat.

After the disaster of his last season I do not know how he could afford to pay for the trip, never mind buy a boat. Discovery must be involved one way or another.
billboard_NE is offline   Reply With Quote
Old 06-04-2013, 09:29 AM   #17
pmyers
Registered User
 
pmyers's Avatar
 
Join Date: Jan 2001
Location: Gilbert, AZ
Posts: 14,163
I got the impression it was Daddy that helped finance the boat and that's why he was on the boat, to keep and eye on his investment.
pmyers is offline   Reply With Quote
Old 06-04-2013, 11:19 AM   #18
TonyTheTiger
Pro Troll Magnet
 
TonyTheTiger's Avatar
 
Join Date: Dec 2006
Posts: 11,963
I'm sure Daddy helped, but with a repayment of a quarter mil a year, I'm sure it took a little more than that!

It's pretty certain that the paycheck from Discovery would feature in the negotiations to borrow the money to buy and furnish the boat.
__________________
"YOU! YES YOU! STAND STILL, LADDIE"
"How can you have any pudding if you don't eat your meat?"
TonyTheTiger is offline   Reply With Quote
Old 06-05-2013, 12:29 AM   #19
Worf
Registered User
 
Join Date: Sep 2000
Posts: 1,611
Yeah, but the Discovery paycheque isn't reliable - Discovery could very well decide that this season is the last because of flagging ratings and cancel it. Or next season. Or maybe some disaster happens that forces a reconsideration and the whole show gets cancelled in a week.

It's great to supplement the income, but I don't think the banks will easily finance based on that - after all, it may be a popular show, but audiences are fickle and this year's hit can be next year's has-been. Or some disaster happens that cancels the show and the rest of the season. If that money dries up, and it formed a good reason for the loan, the bank will get very nervous. It was just like how the Harris boys were claiming they loved TV and its money - if you're running the CM, the TV can turn off at any time and then what?

As for Edgar not firing Jake? Apparently he needed a full crew still (and he was only 2 days out - so it's not like those 2 days will be meaningful).

Edit: I just noticed that the Northwestern has a Linksys wireless router onboard - what's that about? They got marine Internet or something?
Worf is offline   Reply With Quote
Old 06-05-2013, 06:24 AM   #20
TonyTheTiger
Pro Troll Magnet
 
TonyTheTiger's Avatar
 
Join Date: Dec 2006
Posts: 11,963
...and crab fishing IS reliable?????

I would think money from a TV show is more reliable than fishing. The contract will at least cover a season and the money is guaranteed for that period, whether the show is cancelled or not.

Banks are generally not stupid, especially when dealing with things like this. I'm sure the same kind of risk assessors determine the loans as work with farmers and other high-yield, high-risk investments, and I'm sure the interest rates reflect the risk, too!

All this, of course, is pure speculation. Without going through the process, no-one can really know what's involved.
__________________
"YOU! YES YOU! STAND STILL, LADDIE"
"How can you have any pudding if you don't eat your meat?"
TonyTheTiger is offline   Reply With Quote
Old 06-06-2013, 12:41 AM   #21
Worf
Registered User
 
Join Date: Sep 2000
Posts: 1,611
It's seasonal work, which while not reliable, still has been around.

Banks like history - they can use it to determine risk. If you've been a captain for 35 years doing crab fishing all that time, they can look back and see how well you've done and extrapolate from that. Just like banks do now with regular loans - they look at your employment history and determine how the loan will affect your finances.

In addition, they have collateral - the boat.

The TV contract is only for a season - and unless the loan is short term, will most likely not make an ounce of difference - who cares that you have extra income this year when the loan is over 10 years?

Someone like Elliot who has little history is basically getting a loan for what the bank thinks the boat is worth. The TV contract may come into play to allow the bank to loan them some more startup money with the expectation that it's to be repaid quickly (within a couple of years).

Crab fishing is unreliable, but obviously enough people make a profit at it that it's steady work. And yes, during lean times, stress is very high - though the bank normally will allow some leeway (they'd rather get the money back as cash even though it takes longer, than to have to foreclose and sell the boat which may only bring in pennies on the dollar).

Even if you have a standard salaried job in the CONUS is no guarantee - you can buy a nice house on a mortgage with the bank assuming you'd continue at your job. Of course, everyone knows you can be laid off tomorrow or decide to change jobs, or whatever. So the bank looks at your history (usually summarized in your credit history) and uses it to figure out how good you are on the loan.

And sometimes banks lose out. Like say during the 2008 financial crisis where foreclosures reached records and they were getting back houses worth far less than the amount owed.
Worf is offline   Reply With Quote
Reply
Forum Jump




Thread Tools


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Advertisements

TiVo Community
Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
vBulletin Skins by: Relivo Media

(C) 2013 Magenium Solutions - All Rights Reserved. No information may be posted elsewhere without written permission.
TiVoŽ is a registered trademark of TiVo Inc. This site is not owned or operated by TiVo Inc.
All times are GMT -5. The time now is 06:32 PM.
OUR NETWORK: MyOpenRouter | TechLore | SansaCommunity | RoboCommunity | MediaSmart Home | Explore3DTV | Dijit Community | DVR Playground |