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6-letter word I haven't seen discussed in the hiring process.
Posted on 10/8/17 at 7:43 pm
Posted on 10/8/17 at 7:43 pm
Sorry if I missed this, but I have not seen this mentioned, especially since the TROY game.
B-U-D-G-E-T
Does anyone actually know approximately what Budget the AD was given for hiring a new coach?
Please no assumptions.
Clearly, budget has a lot to do with hiring and firing choices. The assumptions I have seen assume unlimited budget. So do we know that is indeed the case?
B-U-D-G-E-T
Does anyone actually know approximately what Budget the AD was given for hiring a new coach?
Please no assumptions.
Clearly, budget has a lot to do with hiring and firing choices. The assumptions I have seen assume unlimited budget. So do we know that is indeed the case?
5
Posted on 10/8/17 at 7:44 pm to NorCali
P-E-L-I-N-I
Posted on 10/8/17 at 7:44 pm to NorCali
They were in talks with Herman, who was the hottest name out there, so one would assume they had a pretty sizable budget.
Posted on 10/8/17 at 7:44 pm to NorCali
F-I-S-H-E-R
Posted on 10/8/17 at 7:49 pm to NorCali
Factoring in budget, alone, removes the biggest piece of pie out there- private funding (aka TAF).
For example, I think the most a HC can make under public employee rules (i.e. from the budget of a state institution) is something like $300k (whatever the Gov makes, not sure of the number). The rest of that contract's money comes from TAF.
Granted, TAF's revenue isn't unlimited so it has a budget also. But by "budget" you have to include them for a truly accurate picture of the possibilities.
And there's where it gets hard to answer your question. Because if TAF needs the money, they will seek out additional funds (or a big booster will volunteer massive amounts if he/she feels emotional enough about it).
For example, I think the most a HC can make under public employee rules (i.e. from the budget of a state institution) is something like $300k (whatever the Gov makes, not sure of the number). The rest of that contract's money comes from TAF.
Granted, TAF's revenue isn't unlimited so it has a budget also. But by "budget" you have to include them for a truly accurate picture of the possibilities.
And there's where it gets hard to answer your question. Because if TAF needs the money, they will seek out additional funds (or a big booster will volunteer massive amounts if he/she feels emotional enough about it).
Posted on 10/8/17 at 7:53 pm to Rougarou13
Fair Point, unless they quickly realized Herman was over-budget and moved on. Does anyone really think we had $28.75 million for Herman when we are paying 17.5 for O?
That's an 11 million savings. And still a few yeras of the Miles contract.
From the USA Today article
The University of Texas' new football coach, Tom Herman is scheduled to receive $28.75 million in basic compensation under financial terms for a five-year contract approved Saturday by the board of regents.
Herman will be paid $5.25 million during the first year of the deal, and his compensation is scheduled to increase by $250,000 in each subsequent year.
Depending on future developments across college football, Herman’s initial pay will make him the nation’s sixth-highest paid public school football coach, according to information compiled by USA TODAY Sports for its annual survey of FBS coaches' pay. Herman will be behind Michigan’s Jim Harbaugh, Alabama’s Nick Saban, Ohio State’s Urban Meyer, Oklahoma’s Bob Stoops and Florida State’s Jimbo Fisher. Texas A&M’s Kevin Sumlin is scheduled to make $5 million next season.
Herman had been making $3 million as Houston’s coach.
In comparison, from CBS sportsline website:
Orgeron will make $3.5 million per year over the course of the five-year deal. That’s a lot of money compared to most coaches in the country, but it’s actually on the lower end of SEC salaries.
Of the 14 coaches in the SEC, the only three that will make less per year than Orgeron are Will Muschamp at South Carolina ($3 million), Derek Mason at Vanderbilt ($2.6 million) and Missouri’s Barry Odom ($2.35 million). Orgeron’s salary is the lowest of any coach in his division.
Where Orgeron makes up for that number, aside from the possible $1.5 million in incentives, is the contract buyout.
That's an 11 million savings. And still a few yeras of the Miles contract.
From the USA Today article
The University of Texas' new football coach, Tom Herman is scheduled to receive $28.75 million in basic compensation under financial terms for a five-year contract approved Saturday by the board of regents.
Herman will be paid $5.25 million during the first year of the deal, and his compensation is scheduled to increase by $250,000 in each subsequent year.
Depending on future developments across college football, Herman’s initial pay will make him the nation’s sixth-highest paid public school football coach, according to information compiled by USA TODAY Sports for its annual survey of FBS coaches' pay. Herman will be behind Michigan’s Jim Harbaugh, Alabama’s Nick Saban, Ohio State’s Urban Meyer, Oklahoma’s Bob Stoops and Florida State’s Jimbo Fisher. Texas A&M’s Kevin Sumlin is scheduled to make $5 million next season.
Herman had been making $3 million as Houston’s coach.
In comparison, from CBS sportsline website:
Orgeron will make $3.5 million per year over the course of the five-year deal. That’s a lot of money compared to most coaches in the country, but it’s actually on the lower end of SEC salaries.
Of the 14 coaches in the SEC, the only three that will make less per year than Orgeron are Will Muschamp at South Carolina ($3 million), Derek Mason at Vanderbilt ($2.6 million) and Missouri’s Barry Odom ($2.35 million). Orgeron’s salary is the lowest of any coach in his division.
Where Orgeron makes up for that number, aside from the possible $1.5 million in incentives, is the contract buyout.
Posted on 10/8/17 at 7:54 pm to S
Less than the 8 mil that Jimbo was demanding. Before y'all think just pay him the 8 mil, LSU doesn't have that to pay. Sorry to disappoint the rant and the perceived unlimited funds.
Posted on 10/8/17 at 8:03 pm to NorCali
LSU is one of the only programs in the country to essentially print money, and the football program was pumping money into a cash starved university year after year.
If an elite coach is available, the budget is "the house". If it wasn't, firing the other guy who at least won 9-10 games a year wasn't the right choice. I was under the impression that LSU was in the market for an elite coach to exceed just 10 win seasons so I feel like the budget shouldn't have played too much of a role.
Plus, giving the current clown over 3 million a year with an insane buyout shows that LSU is quite fine with throwing money around.
If an elite coach is available, the budget is "the house". If it wasn't, firing the other guy who at least won 9-10 games a year wasn't the right choice. I was under the impression that LSU was in the market for an elite coach to exceed just 10 win seasons so I feel like the budget shouldn't have played too much of a role.
Plus, giving the current clown over 3 million a year with an insane buyout shows that LSU is quite fine with throwing money around.
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