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re: According to an article posted on Death Valley Voice difference in CMM’s buyout is:
Posted on 2/9/25 at 7:04 pm to saturncube21
Posted on 2/9/25 at 7:04 pm to saturncube21
Some AD needs to say enough is enough and just start giving 1-2 year contracts. Paying well for two years has to be cheaper than buying out 5-7 year contracts on an annual basis.
1
Posted on 2/9/25 at 7:17 pm to Drizzt
Top-notch coaches will not accept a 1-2 year contract. It’s just not going to happen. You can’t even get a decent mid-major coach on a short-term (1-2 years) deal.
Posted on 2/9/25 at 7:21 pm to saturncube21
You also have to buy out the other coaches on staff the. You gotta go out and lay a coach and I just don’t think they are going to do it’s not a big deal to them they sacrificed basketball for football for the will wade stuff that’s where we are at
Posted on 2/9/25 at 7:23 pm to Spawn
I’m telling you they ain’t firing him!he needs to be but he ain’t getting fired !
Posted on 2/9/25 at 9:21 pm to Tig04
How is our “top notch” coach doing?
Posted on 2/9/25 at 9:31 pm to Drizzt
Just because McMahon isn't a top-notch coach doesn't mean he is wrong. You aren't going to convince any coach worth a shite to come to LSU on a 1-2 year deal. If you think so you're delusional
Posted on 2/9/25 at 10:29 pm to saturncube21
McMahon was given a free pass in his first season, when he inherited basically nothing. So this, in Woodward's way of thinking, was probably considered his second year. Which means there probably isn't any way that Woodward pulls the plug on him after this season.
My guess is that Woodward will sit down with him after the season and give him a D for the course and tell him to do better.
What Woodward should also do is give McMahon one of those Mike Gundy ultimatums -- reduce his salary by $1 million and tell him that $1 million is going towards basketball's share of the revenue sharing.
He should be fired Monday morning, but I just don't think Woodward and the big boosters care enough about MBB to pay McMahon's and his coaches' buyouts, plus hire a new coach.
Fans and students need to stop going to the games. Empty seats speak louder than rants on Tiger Rant.
My guess is that Woodward will sit down with him after the season and give him a D for the course and tell him to do better.
What Woodward should also do is give McMahon one of those Mike Gundy ultimatums -- reduce his salary by $1 million and tell him that $1 million is going towards basketball's share of the revenue sharing.
He should be fired Monday morning, but I just don't think Woodward and the big boosters care enough about MBB to pay McMahon's and his coaches' buyouts, plus hire a new coach.
Fans and students need to stop going to the games. Empty seats speak louder than rants on Tiger Rant.
Posted on 2/9/25 at 10:40 pm to TigerScribe
quote:
The only reason I can think of that MM might consider a negotiated settlement as a lump sum payment at less than what he's fully owed is if he just didn't want to have to strive to meet the requirement of finding another job that fits the criteria.
The offset is another reason. His buyout payment is offset by whatever he makes working elsewhere.
For the sake of argument let’s say his buyout is $9.76m over 4 years ($2.44m/year). If he takes a job somewhere else making $1m/year, the buyout gets reduced to $1.44m/year.
So if he thinks he can get a job somewhere else for $1m/year, it’s probably worth taking (for example) a $500k/year cut on the buyout as a $7.76m lump sum.
He’s giving up $2m in buyout money, but now his $4m in pay over those 4 years isn’t subject to offset. So it’s a net $2m positive for him. Meanwhile LSU saves $2m and clears it off the books.
That’s probably an oversimplification, but it’s just an example of how a negotiated, reduced buyout can be a win/win.
You could argue that LSU turns out to be the loser in this case because they would have paid him even less if his new contract had been fully offset, but the reality is that he’s going to have a lot more motivation to look for the best offer without the offset hanging over his head. If you don’t negotiate it down, maybe he takes a much lower-paying (but also lower-stress) gig instead.
Posted on 2/10/25 at 6:30 am to PNG Futbol
quote:
Blame Woodward. The obviously better choice was to hire an experienced coach either out of a job or wanting to move back up to a power 5 job with a chance to prove himself. Give him a short term contract with the chance to keep the job based o n performance. Once the potential sanctions were past, hire that coach long term or go looking without any black marks on the job.
Instead we take a shot on a good coach at a smaller mid major, give a super long term contract, and suffer. Woodward should have known mid major coaches are gambles. No way should his contract should have had such a big buyout after 3 years, much less for many years after that.
This
MM had a solid resume on paper so I can’t say hiring him was a horrible decision but definitely not the type of resume you give out this type of contract to, it was an unnecessary risk
This post was edited on 2/10/25 at 6:31 am
Posted on 2/10/25 at 8:10 am to LSBoosie
This is loser thinking. Keep giving massive amounts of money to people for a bad product. No wonder most of you are unsuccessful.
Posted on 2/10/25 at 8:26 am to Drizzt
quote:
This is loser thinking.
How? It’s called being realistic. Unless you want to start hiring high school coaches and be happy with it because they are only on the hook for one year. When is the last time a major basketball program hired a legit coach to a one year contract?
Posted on 2/10/25 at 8:42 am to saturncube21
Firing CMM will cost $7.5 million. The annual profit difference between Wade and McMahon is about that much.
I'm not saying hire Wade back (though I am all for it). But a successful coach/team can easily make up the lost buyout money.
I'm not saying hire Wade back (though I am all for it). But a successful coach/team can easily make up the lost buyout money.
Posted on 2/10/25 at 9:17 am to BilJ
quote:
This
MM had a solid resume on paper so I can’t say hiring him was a horrible decision but definitely not the type of resume you give out this type of contract to, it was an unnecessary risk
6 new coaches were hired by SEC teams that cycle. McMahon's salary was in the middle of that group. In year 1 McMahon was the 4th lowest paid HC in the SEC (based on annual salary). Since that time the three coaches paid less than him that season (Paris, Gates, Jans) have all gotten extensions to bump them ahead of McMahon. That means McMahon is either the lowest paid HC in the SEC or 2nd lowest (depending upon the Vandy coach's salary...which isn't public record). I guess some silver lining is if you are going to be awful at least don't overpay for it.
LSU was not in a particularly great position of leverage when attempting to hire a new HC after the firing of Wade. I suspect any HC that was willing to listen put a large degree of value in job security given the unknown of a pending investigation. The 7 year term was how LSU was able to (presumably) provide the security while spreading out the annual cost of the contract.
IMO, it was probably a year too long. But otherwise, it was NOT a bad contract. No one, including you nor I, thought McMahon would be THIS bad three years in. That's where the frustration comes into play having to strongly consider moving on after just three seasons. Any time you hire a new HC there is some degree of risk. However, I don't think you consider the guy you are hiring will be the worst HC in the league three years into the contract.
Posted on 2/10/25 at 9:29 am to Draconian Sanctions
quote:
why did you need to give this dude 7 years
Say what you want about Woodward, but he consistently makes this mistake.
Posted on 2/10/25 at 9:35 am to saturncube21
quote:
7.5 mil this year compared to 6.1 mil next year
Not a big difference if you buy him out this year compared to next
Why don't you spot the $1.4 Mil if its not that bad instead of telling others how to spend their money.
Posted on 2/10/25 at 9:59 am to bayou85
quote:
Why don't you spot the $1.4 Mil if its not that bad instead of telling others how to spend their money.
Whether McMahon coaches LSU next year or not, he's going to be paid that money. The only question is do you want to pay him for 4 years of not coaching or 3 years of not coaching (assuming it is highly likely he would be fired after next season if LSU retains him)?
I'd argue that given MM's contract is a sunk cost, it doesn't make a lot of sense to keep him on for one more unnecessary year because all it equals is a greater opportunity cost to the program. That being the opportunity to hire a new coach and get to work trying to build a successful program.
Posted on 2/10/25 at 1:13 pm to saturncube21
Posted on 2/10/25 at 2:46 pm to LSBoosie
The typical Div 2 basketball coaching contract is $110,000 or less. Some of these guys win percentages are higher than 70%. If you do think these guys or lower tier Div 1 guys wouldn’t jump at the chance to have a 2 year contract at $300-500,000 per year, you are delusional. You could get good coaches for less than we will pay to buy out $20 million contracts like CMM. Put the money you save into NIL to buy 5 good players a year and a good coach will win a lot of games. You don’t need great recruiters anymore.
This post was edited on 2/10/25 at 3:02 pm
Posted on 2/10/25 at 2:59 pm to idlewatcher
quote:
Sickening. We’re on the hook for his incompetence.
In fairness, some of the blame falls on the employer who hired the incompetent.
Posted on 2/10/25 at 3:21 pm to Drizzt
Look man, if you think it’s a good idea to go hire a new Division 2 basketball coach every 2 years because you can pay them $500k, so be it. You aren’t going to find very many people, much less an athletic director at a major school to agree with you.
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