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Started By
Message
re: Orgeron contract extension approved by BOS
Posted on 3/20/19 at 10:59 am to LouisianaLonghorn
Posted on 3/20/19 at 10:59 am to LouisianaLonghorn
quote:
to fire Orgeron in a few years and pay his huge buyout
0
Posted on 3/20/19 at 11:00 am to Goldrush25
quote:
You know, we don't really need any more updates on this guy's contract. It is what it is.
Dude, seriously? The issue here isn't the contract. It's how they went about it.
As stated, I don't have a problem with the contract or extension, but I do have a problem with not following proper procedure.
Posted on 3/20/19 at 11:02 am to LouisianaLonghorn
quote:
forced to fire Orgeron in a few years and pay his huge buyout?
If they fire Orgeron in 3 years based on the new terms, his buyout will be $1.5MM. If they fire him in two years, it will be $4.5MM. In what universe is that buyout "huge"? I swear some people just read a headline of extension and raise and make up the rest.
Posted on 3/20/19 at 11:03 am to lsufball19
quote:
If they fire Orgeron in 3 years based on the new terms, his buyout will be $1.5MM
The buyout stops lowering at 4 mill I believe.
Posted on 3/20/19 at 11:04 am to LouisianaLonghorn
quote:
Wasn't his buyout increased to $10 million? That's a pretty substantial chunk of change. I'm aware that it decreases in increments, but there was no reason to increase the buyout to begin with. No other school is coming after Orgeron.
Unless he's fired tomorrow without cause, his buyout being $10MM right now is wholly irrelevant. If you are aware it goes down with the life of the contract, why are you using $10MM as your baseline? What's important is what would his buyout be in a situation where he's fired without cause and the buyout provision is actually utilized. If the buyout isn't used, the amount is just numbers on a piece of paper. Absent a complete collapse this season, it would be fairly unreasonable to believe he'd be in a position to be fired until after the 2020 season at the soonest. By then, his buyout will be peanuts relative to the market.
This post was edited on 3/20/19 at 11:09 am
Posted on 3/20/19 at 11:06 am to Hold That Tiger 10
quote:
The buyout stops lowering at 4 mill I believe.
upon, further review, you're correct
Point still remains, though. A $4MM buyout is one year's salary, which is chump change in today's market. I think that number also probably would effectively irrelevant by 2021 because by then he'd either be getting the axe or would be getting extended.
Posted on 3/20/19 at 11:08 am to Smalls
have y'all seriously never heard of processes that allow someone to send someone else to vote on their behalf to meet quoroms? This has existed for nearly every board i've ever been a part of or seen. The real question should be what the requirements were for this.
In every case I've ever seen, the absent member is the one required to appoint someone else to represent them. If that didn't happen, then there is a problem. If those absent sent someone in their stead to vote on their behalf, this is a non-issue.
In every case I've ever seen, the absent member is the one required to appoint someone else to represent them. If that didn't happen, then there is a problem. If those absent sent someone in their stead to vote on their behalf, this is a non-issue.
Posted on 3/20/19 at 11:09 am to Smalls
How is the buyout structured?
Posted on 3/20/19 at 11:10 am to hashtag
quote:
have y'all seriously never heard of processes that allow someone to send someone else to vote on their behalf to meet quoroms? This has existed for nearly every board i've ever been a part of or seen. The real question should be what the requirements were for this.
most people have no idea how a board like that works. But you're absolutely right. Boards work like this from your BOS at LSU to the board at a corporation.
Posted on 3/20/19 at 11:12 am to hashtag
quote:
have y'all seriously never heard of processes that allow someone to send someone else to vote on their behalf to meet quoroms? This has existed for nearly every board i've ever been a part of or seen. The real question should be what the requirements were for this.
In every case I've ever seen, the absent member is the one required to appoint someone else to represent them. If that didn't happen, then there is a problem. If those absent sent someone in their stead to vote on their behalf, this is a non-issue.
I get that. But that isn’t how it’s being reported.
Posted on 3/20/19 at 11:12 am to lsufball19
quote:
A $4MM buyout is one year's salary, which is chump change in today's market
I don't have an issue with the extension. I don't have an issue with the raise. I don't have a huge problem with the buyout either. I think it's pretty fairly constructed for both sides. However, you can make an argument that it wasn't totally necessary.
What exactly is he going to do if LSU said, "Here is your raise and extension. Your buyout will be 5 mill and it will decrease X amount, until it reaches nothing at the end of the contract?"
Is he going to not sign it and retire? No.
Is he going to find a better head coaching job? No.
So, even this buyout, although it's not terrible, is still more than needed. Like I said, LSU bid against themselves and Orgeron had no leverage. If he has a great year, and someone wants to hire him away, this current buy out will not stop anybody anyway.
Posted on 3/20/19 at 11:13 am to lsutigertalk
quote:
How is the buyout structured?
reduces to $7.5MM on 02/28/2020, then reduces at a rate of $250k/month, and then stops once it reaches $4MM. IMO it's the best contract LSU has ever successfully negotiated for a coach. I was honestly shocked they actually did something smart for a change. When the talks of an extension began and before actual numbers were released, most on here were convinced the buyout would be much higher. They also were convinced his raise would be much greater. Paying Orgeron $4MM/year for 4 years with a $10MM buyout that reduces with the life of the contract is a pretty big nothing burger given the market rate for HCs these days. Keeps him happy and shows recruits our commitment and "coaching stability" while giving us an easy out if we need to cut bait in a couple years.
This post was edited on 3/20/19 at 11:19 am
Posted on 3/20/19 at 11:13 am to LouisianaLonghorn
quote:
Was not being present their way of trying to avoid blame if this blows up in LSU's face and they are forced to fire Orgeron in a few years and pay his huge buyout
The contract extension details I saw showed the buyout goes down to 4 million(?) after the 2020 season. Barring some scandal, he ain’t getting fired before that anyway. This is basically a two-year contract, he’d be easy to fire after 2020 (he better hope Myles is ready!). I don’t care about the actual salary, I aint paying it.
This post was edited on 3/20/19 at 11:14 am
Posted on 3/20/19 at 11:17 am to Hold That Tiger 10
quote:
What exactly is he going to do if LSU said, "Here is your raise and extension. Your buyout will be 5 mill and it will decrease X amount, until it reaches nothing at the end of the contract?"
Is he going to not sign it and retire? No.
Is he going to find a better head coaching job? No.
I think it sends a bad message IMO. And here's why I think this. It's not so much about Orgeron specifically but more about what if we fire Orgeron in two years and are looking for a new coach? If we make it known that we force coaches to win an SEC title or National Title before even discussing any sort of guarantees in their contract, what new prospective coach would want to work for an administration like that when all the other big programs are just throwing money and guarantees at their coaches? Coaches care more about security and guaranteed pay (just like athletes) much more than the job itself. If you're operating below the market, coaches are going to be more interested in schools paying at or above the market. A lot of it is all optics. And it's not like we don't have the money, so I don't see the big deal.
This post was edited on 3/20/19 at 11:20 am
Posted on 3/20/19 at 11:19 am to cra_cra
quote:
As stated, I don't have a problem with the contract or extension, but I do have a problem with not following proper procedure.
You act surprised. Do you realize that the LSU administration is run by clowns?
Posted on 3/20/19 at 11:20 am to lsufball19
quote:
I think it sends a bad message IMO
It would send somewhat of a bad message. I agree with that. However, that bad message would be to Orgeron, and Orgeron only (not all coaches like you suggested). When the time comes to hire a new coach, if it's a coach that has proven to be worth much more, than you pay him accordingly. He's going to care what LSU offers HIM, not what they offered Orgeron.
Posted on 3/20/19 at 11:22 am to Sir Fury
quote:
I get that. But that isn’t how it’s being reported.
How it's being reported isn't exactly the responsibility of the LSU BOS. Reporters may need to do a better job of understanding how these types of things work and doing their homework. Bad journalism and news reporting is a pretty big issue across all news areas today. People rush to get stories out before getting all the pertinent facts straight.
This post was edited on 3/20/19 at 11:23 am
Posted on 3/20/19 at 11:26 am to Hold That Tiger 10
quote:
When the time comes to hire a new coach, if it's a coach that has proven to be worth much more, than you pay him accordingly. He's going to care what LSU offers HIM, not what they offered Orgeron.
Sure, the day he signs the contract. But they don't know if our administrators will give him an adequate raise and extension when the time comes if we have sent the message that we expect that much more relative to what other programs are doing. But regardless, what we're paying Orgeron is still not very much even with the extension, raise, and increased buyout, which really isn't increased, it was merely increased proportionally with what it already was with the added 2 years. His buyout will effectively be the same 2 years from now as it stood before the extension. Add 2 years, increase the buyout proportionally. If the buyout wasn't increased, he'd have had almost no buyout after next season.
This post was edited on 3/20/19 at 11:29 am
Posted on 3/20/19 at 11:28 am to The Pirate King
quote:
The Pirate King
butt pirate fully supports LA corruption from governor to BOS
sad!
Posted on 3/20/19 at 11:30 am to lsufball19
quote:
How it's being reported isn't exactly the responsibility of the LSU BOS
How it played out from the live stream I'm watching is that someone, a lady, called out a statute and temporarily named other present board members to the athletic committee to have a quorum. While apparently legal, is it simply coincidence that while a big 3 head coach is in turmoil, that the athletic committee members weren't there?
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