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re: I don't understand a 12 Million Dollar Buyout
Posted on 9/18/17 at 10:10 am to Tigerbait357
Posted on 9/18/17 at 10:10 am to Tigerbait357
quote:
Wasn't the entire point of this was to see if this works and to have an extremely short leash.
You can't expect him to recruit when that could be used against him.
If he isn't worth a standard contract then the standard contract isn't the problem, it's the original decision to begin with.
2
Posted on 9/18/17 at 10:30 am to MOT
quote:
If he isn't worth a standard contract then the standard contract isn't the problem, it's the original decision to begin with.
I really don't know what is standard for power 5 football coaches. Is what is essentially close to a fully guaranteed contract really standard?
Posted on 9/18/17 at 10:35 am to MOT
Alleva refused to get into a "bidding war" for Herman only to get into a bidding war WITH HIMSELF for Ogeron.
I think you're right as to why the $12 million buyout is in the contract. I'm sure the negotiations went something like this:
Alleva: "We aren't going to pay Ogeron a salary on the same level as Fisher, Herman, or even other guys in the SEC who have had some success as HC's (ex. Mullen, Freeze, Bielma, Sumlin, etc)"
O's agent: "Well, if you're going to make it a short contract (in duration) with low pay, O is going to be at a significant disadvantage in recruiting. Other coaches are going to tell recruits that LSU has no faith in O and he may not be at LSU very long. The terms of the contract are evidence of that."
In sum: LSU didn't want to pay O $4.0 million + because he hasn't done anything in his career to justify it, nor is there any market that high for his services. But, LSU couldn't pay Ogeron his market value because realistically, it is lower than that of his two coordinators. It's maybe not a good look to have your HC making less than the DC/OC. It's a sign to the players, fans, etc of who is actually "in charge"
However, O's agent would have a point about the contract. Opposing coaches would ABSOLUTELY tell recruits that O is on a "short leash" at LSU and he likely won't be there long. Therefore, the 8 figure buyout clause was put in there to signal that LSU does have "faith" in Orgeron and that they aren't looking to fire him after one season, while still not giving him REAL dollars in the form of a high salary (relatively speaking).
The $12 million figure is really just ceremonial because what it actually signals is LSU has NO PLANS to fire Ogeron after one year, regardless of how this season turns out. The buyout could have been $12 million or $120 million. It doesn't really matter because it's not REAL money that LSU would ever have to pay because they have NO PLANS to fire O after this season.
Bingo!
quote:
You can't expect him to recruit when that could be used against him.
I think you're right as to why the $12 million buyout is in the contract. I'm sure the negotiations went something like this:
Alleva: "We aren't going to pay Ogeron a salary on the same level as Fisher, Herman, or even other guys in the SEC who have had some success as HC's (ex. Mullen, Freeze, Bielma, Sumlin, etc)"
O's agent: "Well, if you're going to make it a short contract (in duration) with low pay, O is going to be at a significant disadvantage in recruiting. Other coaches are going to tell recruits that LSU has no faith in O and he may not be at LSU very long. The terms of the contract are evidence of that."
In sum: LSU didn't want to pay O $4.0 million + because he hasn't done anything in his career to justify it, nor is there any market that high for his services. But, LSU couldn't pay Ogeron his market value because realistically, it is lower than that of his two coordinators. It's maybe not a good look to have your HC making less than the DC/OC. It's a sign to the players, fans, etc of who is actually "in charge"
However, O's agent would have a point about the contract. Opposing coaches would ABSOLUTELY tell recruits that O is on a "short leash" at LSU and he likely won't be there long. Therefore, the 8 figure buyout clause was put in there to signal that LSU does have "faith" in Orgeron and that they aren't looking to fire him after one season, while still not giving him REAL dollars in the form of a high salary (relatively speaking).
The $12 million figure is really just ceremonial because what it actually signals is LSU has NO PLANS to fire Ogeron after one year, regardless of how this season turns out. The buyout could have been $12 million or $120 million. It doesn't really matter because it's not REAL money that LSU would ever have to pay because they have NO PLANS to fire O after this season.
quote:
If he isn't worth a standard contract then the standard contract isn't the problem, it's the original decision to begin with.
Bingo!
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