Buyout For HCs Moving Forward

[Triple B]

1 hour ago, BullyPulpit said:

I hope Harlan and company see the writing on the wall. We need to make sure that the contractual buyouts for our head coaching contracts are our new source of revenue moving forward. If a coach is going to be committed to the school they should have no problem signing with a $6/$4/$2 million buyout clause. $6 million after one year, $4 million after 2 years, $2 million after three years, and then drop it $500,000 per year thereafter. Someone like Kiffin will come in for one season, go 10-2, and then take his show on the road to greener pastures. We need to make sure that we have the funds available to find a good replacement each time this happens. 

Memphis screwed up following Fuentes, with only a $500,000 buyout for Norvell. One more good season (9-3) and he could be gone as well. We don't want to repeat that mistake, because the names that are being suggested to replace CWT are 1 to 3 year guys. Welcome to the new normal. 

 

1 hour ago, Bull Dozer said:

Big buyouts can cost you candidates.  Allegedly the above is what stopped Kiffen from signing a deal with Houston.

This could possibly be a real impediment to a new hire. MH may have a "thing" about hc buyouts at this time ...

[Cow Pie]

1 hour ago, BullyPulpit said:

I hope Harlan and company see the writing on the wall. We need to make sure that the contractual buyouts for our head coaching contracts are our new source of revenue moving forward. If a coach is going to be committed to the school they should have no problem signing with a $6/$4/$2 million buyout clause. $6 million after one year, $4 million after 2 years, $2 million after three years, and then drop it $500,000 per year thereafter. Someone like Kiffin will come in for one season, go 10-2, and then take his show on the road to greener pastures. We need to make sure that we have the funds available to find a good replacement each time this happens. 

Memphis screwed up following Fuentes, with only a $500,000 buyout for Norvell. One more good season (9-3) and he could be gone as well. We don't want to repeat that mistake, because the names that are being suggested to replace CWT are 1 to 3 year guys. Welcome to the new normal. 

 

Make it happen... 

As long as USF insists on doing the same stupid thing over and over, where we hire a young money hungry coach then we will need this clause in play.

[SANJAY]

Just now, Cow Pie said:

Make it happen... 

As long as USF insists on doing the same stupid thing over and over, where we hire a young money hungry coach then we will need this clause in play.

Was leavitt a young money hungry coach?

Was Holtz a young money hungry coach?

List for me all the young money hungry coaches USF has hired. I am seriously curious about this.

 

[GaUSFBull]

You need to have separate buyouts in the contract as well.  One for if a larger school comes calling, and one for the school itself if it needs to fire the coach.

[Bear]

The larger the buyout,

 

the more expensive it for us to fire (if things to don't work out)

[SANJAY]

1 minute ago, Bear said:

The larger the buyout,

 

the more expensive it for us to fire (if things to don't work out)

You're missing it. People are saying that we have a 30kajillion dollar buyout if someone hires them away but a 1 dollar buyout if we have to fire them. 

Who would agree to such a thing?

[GaUSFBull]

2 minutes ago, Bear said:

The larger the buyout,

 

the more expensive it for us to fire (if things to don't work out)

 

6 minutes ago, GaUSFBull said:

You need to have separate buyouts in the contract as well.  One for if a larger school comes calling, and one for the school itself if it needs to fire the coach.

 

[Mama_Bull]

The ironic thing is that if the school swallowed  its pride and  rehired CJL he would likely die before ever leaving. LOL

[2000bull]

Just now, SANJAY said:

You're missing it. People are saying that we have a 30kajillion dollar buyout if someone hires them away but a 1 dollar buyout if we have to fire them. 

Who would agree to such a thing?

DW?

[GaUSFBull]

1 minute ago, SANJAY said:

You're missing it. People are saying that we have a 30kajillion dollar buyout if someone hires them away but a 1 dollar buyout if we have to fire them. 

Who would agree to such a thing?

Someone that wanted to make more $ as a head coach would.  If all the other schools at the level he was being courted for were doing it too - he'd have the choice to remain a coordinator or sign the contract.

I'm sure the buyouts for hire/fire would be a LITTLE closer than what you'd make it out to be too ... 

Edited December 7, 2016 by GaUSFBull