- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
When will colleges learn to stop giving those GIANT buyout packages
Posted on 9/7/17 at 6:35 pm
Posted on 9/7/17 at 6:35 pm
to coaches that will eventually let them down? (minus Saban of course)
10
Posted on 9/7/17 at 6:41 pm to 6R12
You can't go snag a coach with no security for them.
So never.
So never.
Posted on 9/7/17 at 6:52 pm to SammyTiger
Yes but it is out of hand. But as long as schools offer...it won't change. Need to put limits on it like they do NFL players...for parity
Posted on 9/7/17 at 6:56 pm to Dawgfan128
quote:
Need to put limits on it like they do NFL players.
Communism.
Posted on 9/7/17 at 8:23 pm to Dawgfan128
(no message)
This post was edited on 9/7/17 at 8:24 pm
Posted on 9/7/17 at 8:34 pm to LetTheValleyShake
quote:
Need to put limits on it like they do NFL players.
Communism.
No, business. CFB is a billion-plus dollar business. It's also a sport. When a sport is a business, it has to remain competitive to keep viewership, ticket sales, etc. up and profits growing. Rules within a business to keep it profitable are not communism.
Posted on 9/7/17 at 8:44 pm to 6R12
Each negotiation depends on who is holding the bargaining chips. Top notch coaches go to teams that can and will pay top dollar and buyout packages are part of the bidding process.
Posted on 9/7/17 at 8:45 pm to 6R12
Let me know when you convince a championship caliber coach to commit to coach your school without giving him job security. Would love to pass on the formula to Joe Alleva
Posted on 9/7/17 at 8:55 pm to geauxpurple
quote:
Each negotiation depends on who is holding the bargaining chips. Top notch coaches go to teams that can and will pay top dollar and buyout packages are part of the bidding process.
This shouldn't have to be explained but yeah. Top coaches are in demand. They have the leverage in negotiations and will get a hefty buyout clause and similar concessions. If you're a top school it shouldn't be a problem.
Posted on 9/7/17 at 8:59 pm to GeauxPack81
quote:
Would love to pass on the formula to Joe Alleva
Like he would know what to do with it.
Posted on 9/7/17 at 9:06 pm to 6R12
Giving Coach O a huge buyout is the biggest head scratcher
There was zero reason to include one. Like he wasnt gonna sign that contract without it?
There was zero reason to include one. Like he wasnt gonna sign that contract without it?
Posted on 9/7/17 at 9:11 pm to 6R12
O getting a $12m buyout is the biggest frick up in the whole situation.
Posted on 9/7/17 at 9:20 pm to 6R12
That is all a part of the game....if you want to keep a successful coach, you have to garantee him money....and then if your fans demand that you fire him the next year, you are gonna pay the debt.
Posted on 9/7/17 at 9:55 pm to GeauxPack81
quote:
Let me know when you convince a championship caliber coach to commit to coach your school without giving him job security. Would love to pass on the formula to Joe Alleva
Well Aleva thought he had that in Miles and kept upping the price. And the world could see it was time to make a change and we kept putting MORE money in the pot for Miles to hold us hostage. Somehow, LSU has to be able to evaluate the money vs the commodity worth. I hate getting a stranglehold by depreciating coach.
Posted on 9/7/17 at 9:56 pm to Spankum
quote:
That is all a part of the game....if you want to keep a successful coach, you have to garantee him money....and then if your fans demand that you fire him the next year, you are gonna pay the debt.
Successful has many definitions.
Posted on 9/8/17 at 1:23 am to 6R12
If you don't give coaches some security, even Coach O, then orher schools will use that against you in recruiting
Posted on 9/8/17 at 1:23 am to 6R12
O will get at least three years so his buyout might not be that much at that point.
Hopefully he does well and coaches until he retires.
Hopefully he does well and coaches until he retires.
Posted on 9/8/17 at 7:41 am to Nuts4LSU
quote:quote:No, business. CFB is a billion-plus dollar businessquote:Communism
Need to put limits on it like they do NFL players.
CFB is not the NFL. Parts of it may look that way but it is not a cohesive business whose purpose is solely to make money via entertainment.
Those same player contracts that have limits (and only individual limits on rookie contracts, everything else is cap space driven) also have guaranteed money, which is essentially a buyout.
But you are correct that it is not communism if it is done in an non governmental organization. It would probably be an antitrust violation unless the organization has been granted antitrust exemption, like the NFL and not the NCAA.
Curious, if you or the OP would also advocate for the elimination of penalty clauses for coaches who leave early to pursue other coaching opportunities? Flip side of the same coin IMO.
Posted on 9/8/17 at 7:59 am to 6R12
Aren't the "buyouts" the money the coach has to pay the SCHOOL in order to take another job?
For example, Saban has NO BUYOUT. Meaning, he can leave Alabama and not pay them a nickel.
A coach with a large "buyout" owes the college the money if he leaves. It is a poison pill to make it difficult for other schools to poach them. As coaches get more "power", the buyout goes DOWN because he can negotiate from strength.
I think the contract is the contract and the school owes that amount if it fires the coach for anything other than "for cause".
So, when Miles had 4 years left on his contract, he was nearly "unfireable" because he was owed so much money. That is why LSU stopped the 'automatic rollover' part of the contract as things got more bleak. It reduced the years left on the contract for which LSU would owe if he was fired.
Also, the contract can state the years of the payout. So, if a team owes a coach for 2 years of salary, it can sometimes be paid out over more years (example: 10 year payout)
Finally, often a school and a coach may negotiate a lower payoff than the contract owed amount in order to let the coach "resign" rather than be "fired", etc.
IF Orgeron has a "huge buyout"...it means he is bound to LSU and not able to leave it very easily.
For example, Saban has NO BUYOUT. Meaning, he can leave Alabama and not pay them a nickel.
A coach with a large "buyout" owes the college the money if he leaves. It is a poison pill to make it difficult for other schools to poach them. As coaches get more "power", the buyout goes DOWN because he can negotiate from strength.
I think the contract is the contract and the school owes that amount if it fires the coach for anything other than "for cause".
So, when Miles had 4 years left on his contract, he was nearly "unfireable" because he was owed so much money. That is why LSU stopped the 'automatic rollover' part of the contract as things got more bleak. It reduced the years left on the contract for which LSU would owe if he was fired.
Also, the contract can state the years of the payout. So, if a team owes a coach for 2 years of salary, it can sometimes be paid out over more years (example: 10 year payout)
Finally, often a school and a coach may negotiate a lower payoff than the contract owed amount in order to let the coach "resign" rather than be "fired", etc.
IF Orgeron has a "huge buyout"...it means he is bound to LSU and not able to leave it very easily.
Posted on 9/8/17 at 8:24 am to 6R12
When supply and demand is not a useful formula in business any longer.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News