It seems that the sign that points out the Ski Hut Trail keeps going missing and the trail is easy to miss for first timers. Walk to the Falls and follow the pot-holed "paved" road up and back to the right. After about 3/10 of a mile the road makes a left turn and has a slight down grade. From that turn, the trail to the Sierra Club hut is about 30 yards down on the left. It looks like a goat trail rising sharply into talus and broken sedimentary outcrops. You will know you are on the right track is after going up for about five minutes you run into a brown steel trail log box.
The Ski Hut jump-off is still missing a sign, but very visible now. The slope was pretty rotten for a while but the recent monsoon a month ago seemed to grade it much better - not quite as dangerous and resembles a maintained trail rather than use trail. But it's nearly impossible to miss now so long as you know to look for a trail.
As of August 23, 2014 per ANF Mt. Baldy Ranger Station:
Bear Canyon (Old Baldy) Trail is CLOSED due to a washout from a early/mid-August monsoon. Washout reported by them to be at Bear Flats. Confirmed with ranger station again on September 20, 2014 prior to considering a Baldy 20-mile "Big Loop" trek - Bear Canyon trail is still CLOSED. Confirmed by them that it will remain CLOSED for the rest of this season. Will remain CLOSED until August 2015.
All other trails said to be fine though. Have been on some of them after that monsoon and they seemed fine. Actually, Devil's Backbone East and Register Ridge were in better shape then prior to that monsoon rain.
All the signs are gone - here are some recent directions for the hike: