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Here's Ed Oregeron's contract and buy-out details
Posted on 10/1/17 at 3:47 am
Posted on 10/1/17 at 3:47 am
quote:
Orgeron will make $3.5 million per year as part of a five-year contract. His Year 1 buyout is $12 million.
Former coach Les Miles, fired Sept. 25, 2016, made $4.3 million per year, and the school owes him a buyout of more than $9 million — paid in monthly installments over six years. The program saved $800,000 with Orgeron's salary, funds the school used on coordinators Dave Aranda and Matt Canada. The duo is set to make a combined $3.3 million this year, believed to be more than any other coordinator duo in college football.
Orgeron's buyout drops every subsequent year of the contract. It slips to $8.5 million in 2018, $6 million in 2019, $4.5 million in 2020 and just $1 million for the final year.
LINK
It still blows my mind that this guy has even a single dollar of buyout.
Is this the worst Head Coaching hire of a major program in recent memory?
13
Posted on 10/1/17 at 3:50 am to Street Hawk
Alleva needs to be fired yesterday.
That is the kind of buyout I expect from Dabo or Saban...but fricking O?
Would ULM even hire Coach O right now?
That is the kind of buyout I expect from Dabo or Saban...but fricking O?
Would ULM even hire Coach O right now?
Posted on 10/1/17 at 3:50 am to Street Hawk
The Board of Supervisors, the President, and the AD are a bunch of god damn morons.
Its that simple.
Its that simple.
Posted on 10/1/17 at 3:55 am to Street Hawk
It's absurd how bad Joe fricked LSU for years to come.
Let's say we did the 2018 figure. I don't know how Miles' payout is but I'll just say it's evenly distributed.
10 million for 2 coaches to sit on their arse.
I'm assuming another 4 to 5 million for a head coach and the same for the coordinators and position coaches.
So we would be paying 20 million dollars to play football. Zero chance of that happening lol
Let's say we did the 2018 figure. I don't know how Miles' payout is but I'll just say it's evenly distributed.
10 million for 2 coaches to sit on their arse.
I'm assuming another 4 to 5 million for a head coach and the same for the coordinators and position coaches.
So we would be paying 20 million dollars to play football. Zero chance of that happening lol
Posted on 10/1/17 at 5:15 am to Street Hawk
That's such a tough situation for LSU. The longer he's there, the more long-term damage he can do to the program and the harder it will be for the next guy to turn things around.
Posted on 10/1/17 at 5:22 am to Street Hawk
I thought Canada and Aranda would be the determining factors for success. O is definitely accountable though.
Personally, I think Ed’s cool. So when it happens, we can hang out in Destin and talk about the good ol’ days, and that buyout means the beer’s on him.
Personally, I think Ed’s cool. So when it happens, we can hang out in Destin and talk about the good ol’ days, and that buyout means the beer’s on him.
Posted on 10/1/17 at 7:20 am to Street Hawk
This is a person who triumphantly lured Johnny Jones out of N. Tex at a time...well...no one was looking to hire Jones away from N.Tex.
Thinking the lack of success of the Jones tenure was just a fluke, he took the same approach to hurry up and lock in Ogeron before...well...the other big schools could laugh at the suggestion of Ed Ogeron being their HC.
Thinking the lack of success of the Jones tenure was just a fluke, he took the same approach to hurry up and lock in Ogeron before...well...the other big schools could laugh at the suggestion of Ed Ogeron being their HC.
Posted on 10/1/17 at 7:25 am to Street Hawk
I'm smart enough to know firing him isn't financially feasible
But they HAVE to fire Alleva. It just has to happen.
But they HAVE to fire Alleva. It just has to happen.
Posted on 10/1/17 at 7:58 am to Street Hawk
You need to fire alleva because he's not going to help the school long term, but you have to give O more time to acquire talent.
Hes not a good head coach, but some of yal make it as if this team has quality talent. Even the best football player on that team is completely out of shape which makes him useless. Young roster and a lot of issues.
Hes not a good head coach, but some of yal make it as if this team has quality talent. Even the best football player on that team is completely out of shape which makes him useless. Young roster and a lot of issues.
Posted on 10/1/17 at 8:07 am to Street Hawk
quote:
Is this the worst Head Coaching hire of a major program in recent memory?
This is like when we hired Bill Stewart
Great recruiter but awful coach
Posted on 10/1/17 at 8:37 am to Street Hawk
Worst coaching hire? Probably not but it’s pretty bad
Charlie Weis says hello. Dude is still raking in the buyout cash
Charlie Weis says hello. Dude is still raking in the buyout cash
This post was edited on 10/1/17 at 8:38 am
Posted on 10/1/17 at 9:14 am to Street Hawk
If Alleva was a lawyer and agreed to those contract terms, he'd be facing a malpractice claim.
Posted on 10/1/17 at 9:17 am to Street Hawk
quote:
Is this the worst Head Coaching hire of a major program in recent memory?
No
quote:
Is this the worst Head Coaching contract of a major program in recent memory?
Of all time
Posted on 10/1/17 at 9:19 am to Street Hawk
LSU is stuck with Orgeron as that buyout is a financial bitch.
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