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I hope Dan stays because the thought of Scott hiring another Rick Ray is making me throw up: not only is it possible, it's probable. I have no faith in his ability to do anything but be a fund raiser. If he could we wouldn't be playing the U of Mass in Mass.
Scott didnt make the last basketball hire alone - he wont make the football hire alone eitherQuote:
Originally Posted by bobcat91
Funny how ppl disagree with his actual written contract. Dan ain't going anywhere after this season and his buyout will not be between 6-7 million in December.Quote:
Originally Posted by Random Poster
Usually a buyout is less than what he would get by working out his contract. I don't think you just say he has 2 years on his contract so that is 2 years at 4.3M each.Quote:
Originally Posted by Coldsleeve Jr.
Will you point to which page of his contract you see this? Bc I read the language to say if the board terminated him for any reason other than cause (which is basically only NCAA shenanigans) we owe him the entire balance of his annual salary for the duration of the contract. It's right there in black and white. If you have a different version Id like to read it.Quote:
Originally Posted by Tbonewannabe
Plus, the only unfulfilled items I see on his contract if fired him would be adidas camps. And those can't amount to more than $25k per year anyway.
Their is a family with a name promittly on buildings that made sure $$$ is no problem when hiring and firing. We also have more money than at anytime in our history. To think we don't have the jack to make a change should it be needed is ridiculous
You realize that money has been budgeted, right? We don't have tens of millions of dollars in petty cash laying around.Quote:
Originally Posted by Dawgfan77
How is money set aside in a trust budgeted already?Quote:
Originally Posted by Coldsleeve Jr.
Exactly. People need to understand money was set in a trust fund earmarked for athletics. This money is separate from the BC or any other givingQuote:
Originally Posted by Random Poster
Deleted
My one and only point is it doesn't make financial sense to fire him at the end of the season. Whether or not this double secret trust exists or not, there still has to be a mechanism where the trustor is willing to pay millions to therefore make more millions in the future. At the current buyout levels, no smart businessman invest 10 million to make something go away that's been working better than in history for the last 7 years.Quote:
Originally Posted by Dawgfan77
Please do not come on here talking about things that you have no idea about. Have you ever heard of a rainy day fund? There is a fund for coaches buyouts IF needed.
Ditto.Quote:
Originally Posted by civildawg
My point remains whether or not a trust fund specifically for coaches buyouts exists or not. It still has to make financial sense to activate the trust. Those decisions aren't driven by pure emotion like message board insiders who refuse to post the actual data and rather just go off a "gut feeling".
If we go 2-10 and bring any coach back we stand to lose more than 10 million in the long run. That's why it makes financial sense to fire a coach that isn't performing. The costs go way beyond the actual coaches contract.Quote:
Originally Posted by Coldsleeve Jr.
A bad team means fewer ticket sales, less attendance, less money spent on merchandise by fans, loss of money for not going to bowls, etc. And I just scratched the surface.
Correct. Win just 2 games and starts to make a lot more sense.Quote:
Originally Posted by Todd4State