scott gerber How to Meet the Demands of the Socially Conscio… How to Cultivate the Skill of Being a Creative … Guest author Scott Gerber is the founder of the Young Entrepreneur Council.In an early-stage startup, you may not have much in the way of cash to offer new hires. While you’ll often hear advice about how to structure equity for technical hires, deciding how to compensate other key hires—from cofounders to sales staff—isn’t as clear-cut.To help you figure it out, I asked founders from YEC how they figured out what to offer early-stage, nontechnical hires. Their best advice—from considerations to make to equations to use—is below.1. Base It on the Number of Employees You HaveEarly hires are more critical than late hires. Think of your company hires in terms of stages: 1–2 employees, 3–6, 7–15, 16–30, 31–60, 61–150, etc. The amount of equity an employee gets should go down with each stage, because the company is getting less risky to work for, and because you just can’t keep issuing large amounts of equity to everyone at the company. Here’s one system to follow: Employees 1-2 (cofounders) should split the company either 50/50, 67/33, 75/25, or some other reasonable amount. Employees 3-6 should get between 1 and 5 percent of the company in equity, while employees 7–15 should get 0.5–1 percent. Employees 16–30 should get between 0.25–0.5 percent, and so on. A great company to look to for guidance on this is Buffer, which opened up all its salary and equity calculations. —Mattan Griffel, One Month2. Calculate Based on Your Capital ConsiderationsAssuming you’re starting with no capital, you’re going to grant pieces of your company in order to give incentives to early-stage employees. In my experience, sales and marketing is most often handled by stakeholders when there’s no capital. If sales staff is a requirement of your particular company, revenue-share models can be more conducive with the startup economy so you’re not forced to give away critical pieces of your business before seeking subsequent investment. —Blair Thomas, EMerchantBroker 3. Decide on What You Want Everyone to KnowWe make all compensation, salary, and equity based on the expectation that everyone eventually finds out each other’s numbers. This means that people with similar positions and responsibilities should have the same compensation. Even if a candidate asks for lower equity than their peers, give them the same amount. When they find out that you gave them less equity than a peer, you’ll lose their trust. When we give out offers, we tell candidates that we don’t negotiate because what we offer is prioritizing fairness for the candidate and the rest of the team. New hires have been appreciative of this approach. —Nanxi Liu, Enplug4. Use AngelList to DecideAngelList is a great resource for determining early-stage compensation for non-founders. It shows you how much equity companies like yours in your geographical area are offering employees of various titles, and takes the guesswork out of the process. —Brennan White, Cortex5. Start With an Option PoolThe best way to manage equity for key and strategic hires is through an option pool. Most option pools include total equity in the amount of 10–15 percent, which you’ll need to allocate based on projected hires over the next 24 to 36 months. Once you establish your intended list of hires, you can allocate up to 75 percent of the option pool (leaving wiggle room for negotiation). Generally speaking, technical hires should get more equity than nontechnical hires. However, you may want to break the “technical-hire” rule for superstar nontechnical hires, especially if the hire fills a needed executive or senior-level position. Once you think through your hiring, you’ll be in a better position to allocate your option pool. Note: setting up an option pool will also be helpful should you raise venture capital. —Kristopher Jones, LSEO.com6. Tie It to PerformanceUsing equity in lieu of capital compensation until you are cash-flow positive is normal. The shares should be on a vesting schedule and should be tied to performance and agreed upon by both parties. —Lane Campbell, June7. Keep a Vesting Period in MindIn general, sales and marketing staff tend to get less equity than technical hires with the exception of nontechnical managers and executives. In my opinion, how much equity you give is less important than how the equity will vest. In general, most vesting periods are four years long, though people are experimenting with longer and shorter periods. This means that regardless of how much equity the non-technical hire is given, they will have to stay with the company (not get fired or quit) in order to achieve the full amount of equity given. For instance, if you provide a nontechnical hire with 0.5 percent equity over 4 years, the stock will vest in equal installments of 0.125 percent each year. Vesting periods are critical because they protect the company and create better alignment between the hire and his or her performance over time. —Obinna Ekezie, Wakanow.com8. Base It on How Critical the Hire IsIt’s a two-step process. First, do some research to find the industry benchmark (try AngelList.) Second, you should think critically about how important this particular hire is going to be. For example, in enterprise companies, sales positions becomes very critical for the success of the company. If it is like that, you want to sweeten the deal further. Overall, good companies tend to be more generous with their stock options. —Ashu Dubey, 12 Labs9. Use Equity to Keep Everyone in the GameCompensating those on your team with the success of your business will add extra motivation and drive. Especially early on, you need all hands on deck and everyone moving in the same direction. This includes all aspects of your business, not just technical team members. I leveraged AngelList frequently to assess how much equity to give. Putting in a one-year cliff and a vesting schedule has been critical to keep the team motivated, and gives something to really celebrate when we hit those key milestones. —Kristi Zuhlke, KnowledgeHound10. Quantify and Be FlexibleIt’s a very tricky question with many different answers, depending on who you ask; there’s no single answer, but there are ways to tailor compensation to your company and industry that will serve you exponentially better than listening to general advice. Keep in mind several factors: How big is your equity compensation pool (15 percent, 20 percent, etc.)?How many hires will you be making in the next six months with the current equity comp pool, and what types of hires will these people be (low-level, high-level)?How early is this employee and what kind of salary is this employee getting relative to their industry?How important or unique is this employee compared to other hires? Keep these things in mind relative to your equity pool, and also compare to industry what you come up with as a guideline. —Alec Bowers, Abraxas Biosystems 11. Think in Terms of Dollars, Not Shares or PercentagesYou should have a reasonable expectation of how much your business is worth today and might be worth in a year or two. You can also estimate what additional upside a new hire will need to either compensate for below market comp today, or take on the risk of joining a startup. For example, if the market for a sales person is $65,000 and commission is 10 percent, you can decide how much additional bonus per year they need to join your team ($25,000, $50,000, $100,000). Consider what that might grow into based on your valuation growth (2x, 5x, 10x) to get them to join. Then you can decide if it’s worth giving that up for what they bring in terms of sales growth or lead generation. —Avi Levine, Digital Professional Institute 12. Make Sure Total Compensation Hits Market ValueThere are market rates established for all levels and roles. Target a compensation package within 20 percent of market rate. We’ve had success by offering a menu of three choices, which allows each candidate to choose their mix of cash and equity. Just remember that a well-rounded startup has strong technical and nontechnical people, so don’t treat anyone like a lower-class employee. —Aaron Schwartz, Modify Watches13. Do the MathSlicing up equity should come down to a math equation. Instead of reinventing the wheel, you should use math that other people have invented to figure it out. Y Combinator cofounder Paul Graham puts it together in this simple equation: 1/(1 – n). What it breaks down to is that if “n” is the equity you’re giving up, it’s worth it if it makes the company worth more than 1/(1 – n). Beyond that, I stick to the basics: Have a one-year cliff and four-year vesting for all equity employees. —John Rampton, Due AI Will Empower Leaders, Not Replace Them Tags:#compensation#Equity Compensation#Guest Posts#hiring#Nontechnical Hires#recruiting#Stock Options#yec Related Posts How Connected Communities Can Bolster Your Busi…
The Alabama Department of Revenue has repealed and replaced its apportionment rules for corporate income taxpayers, effective June 25, 2016. The new multistate tax rules are promulgated to reflect the correct LRS numbering format, amendments to the Multistate Tax Commission (MTC) rules as approved by the MTC executive committee, technical corrections, and statutory changes. Some of the changes are set forth below.Business income. The definition of business income has been up updated to reflect legislative changes by Act 2001-1113, providing that business income is income arising from transactions or activity in the taxpayer’s trade or business.Payroll factor. For purposes of determining a taxpayer’s payroll factor, a leased employee is an employee of the client (lessee) organization. A leased employee is also treated as an employee of the employee leasing company. The rules also provide guidance for temporary employees by specifying that compensation paid for personal services provided to client companies by employees of temporary help agencies is included in the payroll factor of the temporary agency and is generally excluded from the payroll factor of the client company. Finally, in order to prevent distortions in the payroll factor, the Commissioner may require compensation paid to a related member’s employee to be included in the payroll factor of a taxpayer regardless of which entity actually paid the compensation.Property factor. Intangible drilling and development costs are included in the property factor whether or not they have been expensed for either federal or state tax purposes. Also, for purposes of the valuation of rented property, “annual rent” does not include royalties based on extraction of natural resources, whether represented by delivery or purchase.Sales factor. The rules are updated to reflect statutory changes including double weighted sales and market based sourcing. Special rules address liquid assets. Also, the provision that excludes, from the sales factor, substantial amounts of gross receipts that arise from incidental or occasional sale of a fixed asset used in the regular course of the taxpayer’s trade or business has been removed.Petition for alternative method. Specific guidance is provided for a taxpayer that petitions to use an alternative method of allocation or apportionment. Petitions must be in written form and submitted directly to the attention of the Department Secretary. A petition attached to an original or amended return will not be considered a valid petition. If the department processes a return that uses an unapproved alternative method that does not mean the department has accepted the taxpayer’s proposed alternative method. The department will notify the taxpayer, in writing, that an alternative method has been approved. The taxpayer may then file an amended or original return utilizing the approved alternative method. Proposed alternative methods not approved within 90 days of the post mark date of the petition are denied unless the taxpayer and the department agree in writing to extend the time period. In order to appeal the denial of a petition, the taxpayer should file an amended return using the proposed alternative method. If that return involves a petition for a refund the taxpayer may appeal its denial or deemed denial of its petition for refund either to the Alabama Tax Tribunal or Circuit Court.Special industry rules. The MTC special industry rules, including airlines, construction contractors, publishing, railroads, television and radio broadcasting, trucking companies, and telecommunications and ancillary service providers have been adopted.Rules 810-27-1.01, 810-27-1.02, 810-27-1.09 through 810-27-1.19, Alabama Department of Revenue, effective June 25, 2016
It has been a thoroughly deserving win for the Knight Riders at the Eden Gardens in Kolkata. Score | PhotosKKR were menacing with the bat, clobbered the Royal Challengers to all corners. They were led by Gambhir who scored a brilliant 93. Kohli, Dilshan and AB de Villiers failed with the bat and 191 looked taller than Mount Everest. Gayle gave some entertainment to the packed crowd towards the end, he now holds the Orange Cap. Kolkata move to the 2nd spot in the points table with 11 points. Stay tuned for the presentation.IPL 2012: KKR vs RCB Live: KKR win by 47 runsMan of the Match: Gautam GambhirChris Gayle: We are disappointed. 191 was tough and we didn’t start well. We have a long way to go, hopefully we shall pick ourselves up. The new ball was coming onto the bat nicely but in the middle overs the ball was stopping and coming. Their spinners were brilliant. I wanted to hit Billy (says jokingly), no offence but glad it didn’t hit the umpire. We have two home games now, hopefully we can win both.KKR 190/4 in 20 overs beat RCB 143/6 in 20 overs (Gayle 86)11:26 pm | 19.6 overs: Shukla to Vinay Kumar, no run, that completes a big win! Good slower bouncer, Vinay Kumar drops his wrists and lets it go, Kolkata win by 47 runs! And it’s all over for RCB and they go down by a massive 47-run margin.11:25 pm | 19.5 overs: WICKET! Lone wager Gayle departs and that’s the end for RCB…just one ball left. Shukla to Gayle, out Caught by Brendon McCullum!! That’s the end of Gayle, he was the lone warrior for the Royal Challengers, sucker ball from Shukla, Gayle went after it, gets an outside edge, McCullum dives to his left and takes a good catch. Gayle c Brendon McCullum b Shukla 86(58) [4s-7 6s-6] (RCB 143/6 in 19.5 overs)advertisement11:20 pm | 19 overs: Good over there for RCB. 23 runs off that over.18.6 overs: Bhatia to Gayle, SIX, poor bowling again! Full toss outside the off stump, Gayle smacks it over long off, sheer power from Gayle, moves into the eighties, monstrous hitting this, Gayle has scored 332 runs now, he is the holder of the Orange Cap now 18.5 overs: Bhatia to Gayle, SIX, MASSIVE! Gayle clears his front leg and swings through the line, the ball goes miles up in the air and clears long on with ease, don’t tell me he is eyeing for a hundred! 18.4 overs: Bhatia to Gayle, FOUR, low full toss, Gayle leans and drives it to sweeper cover, in the gap and he collects a boundary 18.3 overs: Bhatia to Gayle, SIX, is that the biggest one handed six ever? My word! It was a short ball, Gayle goes full monty, the bottom hand came off the bat as he heaved it over deep mid wicket, lands 15-20 rows behind in the stands, top shot! Daniel Vettori, left handed bat, comes to the crease 11:15 pm | 17.2 overs: Narine to Agarwal, out Bowled!! Castled! This little man has certainly been a terrific find for Kolkata. Superb delivery that, off cutter, Agarwal was looking to whip it across, but Narine bowled it a lot quicker, cleaned up. A well deserved wicket that, he has been superb today with the ball. Agarwal b Narine 10(13) [4s-1] (RCB 112/5 in 17.2 overs) Mayank Agarwal, right handed bat, comes to the crease 10:50 pm | 12.5 overs: WICKET! Now what an over that. After being hit for two big sixes by both batsmen, Bhatia gets rid of Tiwary. Bhatia to Saurabh Tiwary, out Caught by Gambhir!! Ok, the six was just a flash in the pan. Saurabh Tiwary looks to go over long off again, gets a thick outside edge as the ball turns away, the fielder at backward point goes backwards and takes a shoulder height catch. FYI, 1.6 million dollars was what the Royal Challengers paid for Saurabh Tiwary. Saurabh Tiwary c Gambhir b Bhatia 19(22) [4s-1 6s-1] (RCB 77/4 in 12.5 overs)12.4 Bhatia to Saurabh Tiwary, SIX, Saurabh Tiwary joins the party, it was overpitched, Saurabh Tiwary lofts it handsomely over long off, for a moment it looked like he might get holed out, but he’s hit that cleanly 12.3 Bhatia to Gayle, 1 run, width on offer, Gayle slaps it to sweeper cover 12.2 Bhatia to Gayle, SIX, Gayle breaks loose! Short ball, stand and deliver stuff from Gayle, goes back and muscles it over the long on boundary, even the cameraman missed it, proper hit, long on was just a spectatorAyaz Memon tweets: law of averages caught up with de Villiers…can Gayle defy it?advertisement10:30 pm | 7.3 overs: Kallis to Saurabh Tiwary, leg byes, 2 runs, loud appeal for LBW, not given! That one pitched outside leg and jagged across, trapped on the pad, the ball goes towards third man as Kallis continues to appeal, they take two runs.Saurabh Tiwary, left handed bat, comes to the crease10:22 pm | 5.3 overs: WICKET! De Villiers falls and RCB in deep trouble. Kallis to de Villiers, out Caught by Shukla!! The crowd erupt and Kolkata are all over Bangalore here. Not the shot you would expect from someone like de Villiers. First ball he faces, goes for a pull as Kallis bangs it hard, gets a top edge and the ball goes high up in the air, Shukla has got his judgement right this time around, settles right under it and takes it close to his chest, Kallis is having a great outing today. de Villiers c Shukla b Kallis 0(1) (RCB 34/3 in 5.3 overs)AB de Villiers, right handed bat, comes to the crease 10:20 pm | 5.2 oves: WICKET! Kohli goes down. Kallis to Virat Kohli, out Lbw!! Virat Kohli wasn’t looking too comfortable out there, the ball jags back in and traps Virat Kohli on the pad as he was looking to whip it across, he bent down suggesting that the ball stayed a tad low, that was convincing enough for the umpire to lift the finger, he was struck just above the knee roll. Virat Kohli lbw b Kallis 18(19) [4s-3] (RCB 34/2 in 5.2 overs)Shane Warne tweets on Yuvraj: Hey buddy how are you? What’s your thoughts on the IPL? Missing your big 6’s for sure!!!! What team do you fancy? Royals?Ayaz Memon tweets: kkr have thrown the gauntlet at RCB. Response of in form Gayle, de Villiers coukd make for a heady contestLalit Modi tweets: That drop might cost you big time kkr!!Brett Lee, right-arm fast, comes into the attack 10:05 pm | 0.6 overs: WICKET! Early dismissal and KKR’s on top already. Yusuf Pathan to Dilshan, out Caught by Bhatia!! Yusuf Pathan is over the moon, it is as if he has won the World Cup for his team. Well, to be fair to him, that’s a big wicket. Dilshan has been in good form, came down the wicket looking to go over the top, the face of the bat turned as he played at it, didn’t get enough power, mid off back pedals and takes it with fingers pointing up, big blow first up for the Challengers. Dilshan c Bhatia b Yusuf Pathan 1(3) (RCB 2/1 in 0.6 overs)10:00 pm | Dilshan and Gayle are at the crease. Dilshan is on strike. Yusuf Pathan will open the attackROYAL CHALLENGERS BANGALORE: Target 191 in 20 overs KOLKATA KNIGHT RIDERS: 190/4 in 20 overs (Gambhir 93, McCullum 43, Kallis 41)Gambhir’s 93 came off just 51 balls and was puntuated with 9 fours and 5 sixes.9:40 pm | 19.6 overs: WICKET! Vinay Kumar to Yusuf Pathan, out Caught by Dilshan!! High full toss by Vinay, just below the waists though, Yusuf Pathan mistimes a shovel towards mid-wicket and finds Dilshan in the deep. Two wickets for Vinay in the final over but KKR end up with a massive 190 on the board. Yusuf Pathan c Dilshan b Vinay Kumar 7(4) [6s-1] And KKR post a massive 190/4 against RCB. It will be tought for RCB despite the presence of RCBadvertisementManoj Tiwary, right handed bat, comes to the crease 9:35 pm | 19.2 overs: WICKET! With Gambhir gone, Kallis too falls, but KKR are in complete control here. Vinay Kumar to Kallis, out Caught by Harshal Patel!! Good catch from Harshal. This was a low full toss on the middle, Kallis gets across his stumps as he looks to paddle, does not get enough bat on that, Patel runs back from short fine and completes a fine catch. Kallis c Harshal Patel b Vinay Kumar 41(27) [4s-1 6s-3] (KKR 182/3 in 19.2 overs)Yusuf Pathan, right handed bat, comes to the crease 9:30 pm | 18.4 overs: WICKET! And captain Gambhir falls agonisingly short of his ton. Zaheer to Gambhir, out Caught by Appanna!! Wonderful innings from Gambhir comes to an end. This was full and outside off, Gambhir looks to go inside out over cover and ends up hitting it straight to Appanna at long off, the end of a majestic innings, his best in the IPL. Gambhir c Appanna b Zaheer 93(51) [4s-9 6s-5] (KKR 175/2 in 18.4 overs)9:17 pm | 16 overs: Kolkata are 144/1 at the stage with skipper Gautam Gambhir batting on 82 and Jacques Kallis on 16. The current run rate is 9 runs an over – solid.9:00 pm | 12.4 overs: Dilshan to Gambhir, FOUR, another life for Gambhir , this was tossed up outside off, Gambhir looks to play the slog swipe, top-edges it wide of Vinay at long on. He dives but can’t get to the ball, bounces away past the ropes8:55 pm | 11.2 overs: FIFTY up for Gambhir. Appanna to Gambhir, 2 runs, FIFTY for Gambhir, dabs a well flighted delivery to the left of Kohli at mid-wicket. He lets rip a wild throw back at AB, a better throw would have had Kallis struggling, instead they get an overthrowJacques Kallis, right handed bat, comes to the crease 8:50 pm | 10.3 overs: WICKET! Finally a wicket for RCB. And it’s skipper Vettori who does the job. Vettori to Brendon McCullum, out Bowled!! Vettori finally has a say over his countryman. This was short and skidded on quickly, Brendon McCullum was making room outside leg as he looked to cut, misses it completely and has his stumps castled. Ends a super partnership. Brendon McCullum b Vettori 43(37) [4s-8] (RCB 95/1 in 10.3 overs)8:24 pm | 5 overs: Kolkata are 20/0 at the stage with skipper Gautam Gambhir (27) and Brendon McCullum (10) in the middle. The CRR is a good 8 an over.8:05 pm | 0.6 over: Zaheer to Gambhir, FOUR, Zaheer shortens his length outside off, Gambhir stays back and cuts it hard behind point for a boundary, top shot that from Gambhir. KKR 11/0 post the first over. Great start for them at home.8:00 pm | Brendon McCullum and Gambhir are at the crease. Brendon McCullum is on strike. Zaheer will open the attackTeams Kolkata Knight Riders (Playing XI): Brendon McCullum(w), Gautam Gambhir(c), Jacques Kallis, Manoj Tiwary, Yusuf Pathan, Debabrata Das, Rajat Bhatia, Laxmi Shukla, Sunil Narine, Brett Lee, Iqbal Abdulla Royal Challengers Bangalore (Playing XI): Tillakaratne Dilshan, Chris Gayle, Virat Kohli, AB de Villiers(w), Saurabh Tiwary, Mayank Agarwal, Daniel Vettori(c), Zaheer Khan, Vinay Kumar, Harshal Patel, KP Appanna7:40 pm | Toss – Kolkata Knight Riders win toss and elect to bat
Liga MX Monterrey vs Morelia: Live stream, team news, kick-off time, & match preview Goal Last updated 1 year ago 02:07 1/6/18 FacebookTwitterRedditcopy Comments(0) Julio Cesar Aguilar Liga MX Monterrey v Morelia Morelia Monterrey Last season’s defeated finalists look to get 2018 started right when they host Monarcas at the Estadio BBVA Bancomer After Monterrey surprisingly fell short in the Liga MX final last month, the club begins the Clausura on Saturday with a home match against Morelia.The game at the Estadio BBVA Bancomer will be a playoff rematch, after Rayados took care of Monarcas in the Apertura semifinals by a 5-0 aggregate scoreline. Rayados dominated Liga MX in the Apertura, finishing the regular season in first place, and Antonio Mohamed’s side will be expected to finish right near the top once again in the Clausura. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Game Monterrey vs Morelia Date Saturday, January 6 Time 8:00 p.m. ET Stream (US only) fuboTV (7-day free trial) LIVE STREAM Watch Monterrey vs. Morelia live and On-Demand with fuboTV (7-day free trial)New users can sign up for a free seven-day trial of the live sports streaming service, which can be accessed via iOS, Android, Chromecast, Amazon Fire TV, Roku and Apple TV as well as on a web browser.SQUADS & TEAM NEWS Position Monterrey players Goalkeepers Gonzalez, Carrizo, Resendez Defenders Montes, Basanta, Sanchez, Portales, Vasquez, Alvarez, Vangioni, Velarde, Castillo, Medina, Juarez Midfielders Molina, Ortiz, Zavala, J. Gonzalez, Amaya, Sanchez, A. Gonzalez, Urretaviscaya, Hurtado Forwards Funes Mori, Pabon, Benitez, Villa, Cruz Mohamed’s side will have most of its key contributors back for the Clausura, with Neri Cardozo the most significant name to depart the club. The club’s most significant offseason acquisition was Jonathan Urretaviscaya, who arrives from Pachuca and will be expected to bolster the Rayados attack from a wide midfield position. Potential starting XI: Gonzalez; Basanta, Montes, Sanchez, Medina; Gonzalez, Molina, Urretaviscaya, Hurtado; Funes Mori, Pabon. Position Morelia players Goalkeepers Malagon, Urbina, Sosa Defenders Achilier, Loeschbor, Vegas, Valadez, Rodriguez, Chavez, Guzman Midfielders Meraz, Osuna, Rodríguez, Rocha, Millar, Valdes, Reyes, Cuero, Vilchis, Sepulveda, Zarate, Polo, Lezcano Forwards Sandoval, Ruidiaz, Ortiz, Sansores Monarcas return much of the same side from the Apertura, when they finished in fourth place and defeated Toluca in the Liguilla quarterfinals, before falling to Monterrey in the semifinal. Manager Roberto Hernandez will not have new signing Ray Sandoval available, as the Peruvian striker’s paperwork has not gone through yet following his move from Sporting Cristal in Peru.Potential starting XI: Sosa; Vegas, Rodriguez, Achilier, Guzman; Millar, Osuna; Lezcano, Valdes, Sepulveda; Ruidiaz.GAME PREVIEW Rayados were dealt a body blow in the Apertura final against city rivals Tigres, losing 2-1 at home in the second leg to fall to a heartbreaking 3-2 aggregate defeat. Mohamed’s side did pick up a consolation prize a couple weeks later, defeating Pachuca to lift the Copa MX, but the Argentine manager enters the Clausura under pressure to deliver the title that evaded his side last month. Monterrey is positioned well to start the season off on the right foot, facing a Morelia side that will not have forgotten the 4-0 defeat it suffered in the Apertura semifinal second leg at the Estadio BBVA Bancomer just a month ago. Rayados return nearly their entire squad from last season, including top scorer Aviles Hurtado. The Colombian will be looking to erase some painful memories in the Clausura, after his late penalty miss against Tigres cost his side an opportunity to take last month’s final into extra time. Morelia has also put a premium on continuity, returned most of the squad that finished fourth in the Apertura.As usual, Monarcas will be counting on Raul Ruidiaz to deliver the goals. The Peruvian netted 11 times for his side in the Apertura, easily leading the team in scoring.