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Debunking The Buyout Myth
Posted on 10/4/17 at 9:04 am
Posted on 10/4/17 at 9:04 am
Everyone keeps stating that we can't make a change because O has a $12M buyout. You absolutely can and they (Alleva not included) would.
LSU Football netted $55M in football for 2015-2016. That's profit. Those profits usually pick up the slack (losses) from other sports, and the Athletic Department as a whole netted about $12M. It was around the same for 2014-2015.
For starters LSU will already pay him $3.5M this year, so if he's fired they'd owe him $8.5M payable over multiple years.
It is going to get to a point this season when the losses pile up, people aren't showing up, and in early 2018 season ticket sales are going to TANK. At that point $8.5M would be insignificant compared to the hit the total athletic department would stand to lose, and revenues to local businesses. That would all be compounded by drops in 2018 recruiting.
It's all a cash flow play, and they aren't going to blink if they thinks its going to crash the entire athletic budget which would happen if football revenues crash. All it would take would be for that $55M to drop to $45M and they are in a bind.
LSU Football netted $55M in football for 2015-2016. That's profit. Those profits usually pick up the slack (losses) from other sports, and the Athletic Department as a whole netted about $12M. It was around the same for 2014-2015.
For starters LSU will already pay him $3.5M this year, so if he's fired they'd owe him $8.5M payable over multiple years.
It is going to get to a point this season when the losses pile up, people aren't showing up, and in early 2018 season ticket sales are going to TANK. At that point $8.5M would be insignificant compared to the hit the total athletic department would stand to lose, and revenues to local businesses. That would all be compounded by drops in 2018 recruiting.
It's all a cash flow play, and they aren't going to blink if they thinks its going to crash the entire athletic budget which would happen if football revenues crash. All it would take would be for that $55M to drop to $45M and they are in a bind.
This post was edited on 10/4/17 at 9:22 am
12
Posted on 10/4/17 at 9:05 am to Jeffreylebowski
It's not about whether or not they could afford it, it's the PR nightmare they will face with paying on 2 separate buyouts and firing a coach after just one season.
Posted on 10/4/17 at 9:06 am to sicboy
quote:
PR nightmare they will face with paying on 2 separate buyouts and firing a coach after just one season.
hire the right coach and all will be forgiven. of course with alleva in charge we all that won't happen.
Posted on 10/4/17 at 9:06 am to Jeffreylebowski
Honestly the only thing I'm worried about right now is getting rid of Alleva. I have no clue how that idiot still has a job and I'm wondering why something hasn't been done about it already. Once he is gone I will start worrying about the other clowns bringing this program down.
Posted on 10/4/17 at 9:06 am to sicboy
frick the PR nightmare.
It all lands at Alleva's feet. Get his arse out too.
It all lands at Alleva's feet. Get his arse out too.
Posted on 10/4/17 at 9:07 am to Jeffreylebowski
You are correct in the above, but are missing a key component.
Both the former gov (Jindal) and current gov (Festus) have advised F King that firing the coach (and having to pay the subsequent buyout) would hurt LSUs ability to get state funding from the LA legislature.
With that knowledge does anyone really think that F King would be willing to pay 2 buyouts at once - plus a potential 3rd to get a new coach from his current school?
I think we are pretty well screwed for 17 and 18.
Both the former gov (Jindal) and current gov (Festus) have advised F King that firing the coach (and having to pay the subsequent buyout) would hurt LSUs ability to get state funding from the LA legislature.
With that knowledge does anyone really think that F King would be willing to pay 2 buyouts at once - plus a potential 3rd to get a new coach from his current school?
I think we are pretty well screwed for 17 and 18.
Posted on 10/4/17 at 9:08 am to sicboy
Never have understood the concept of we can’t fire someone cause of the PR nightmare.
No business I know would suggest the PR of firing someone is worse than the PR not being successful
No business I know would suggest the PR of firing someone is worse than the PR not being successful
Posted on 10/4/17 at 9:08 am to sicboy
The optics are horrible. But, the optics of losing to Troy, having minimal effort on the field, and progressively bad press conferences are pretty bad, too.
What a shitshow.
What a shitshow.
Posted on 10/4/17 at 9:09 am to Jeffreylebowski
Let me see the CONTRACT---Nothing is Iron-Clad-- everything is negotiable-- Law101
Posted on 10/4/17 at 9:10 am to 1999
quote:
hire the right coach and all will be forgiven. of course with alleva in charge we all that won't happen.
Getting rid of alleva is 1000x more important than getting rid of orgeron. In medicine we call it treating the underlying cause
Posted on 10/4/17 at 9:10 am to sicboy
No, the PR nightmare would be going down the same road we're on.
Posted on 10/4/17 at 9:10 am to sicboy
quote:
It's not about whether or not they could afford it, it's the PR nightmare they will face with paying on 2 separate buyouts and firing a coach after just one season.
I don't think there is much of a PR nightmare if they fire him and the AD. It would be easy to come out and say that the search process last year was ineffective and poorly managed.
The local and national media already know this.
But with us firing Miles and Oregon in the span of a year and a half, it would be imperative that the next hire is a home run. We can't afford a dud.
Posted on 10/4/17 at 9:11 am to Pmtiger
Here's what's really going to drive this: lost game revenue. Changes that Alleva has made to the gameday experience, tailgating, parking, traffic, ads in TS, it's not the fun time it used to be and people are deciding not to go. If this team keeps performing the way they have, on top of all the other stuff, revenue is going to nosedive in a major way, and that's definitely going to push the issue.
Posted on 10/4/17 at 9:11 am to sweetwaterbilly
quote:
Honestly the only thing I'm worried about right now is getting rid of Alleva.
THIS!! You are missing the point if you think the only thing to focus on is O's buyout. The overwhelming problem is shitbag Aleva!
Posted on 10/4/17 at 9:11 am to sicboy
Another myth is
Better a decisive action with just a bit of chattering questions later than to simply pretend all is well in Tigerland and keep the ball "rolling" when the only roll is a program destroying downward one.
Fans have no confidence in Alleva. Fans have no confidence in CEO. Surgical removal of both - swift, decisive and done is best option. To hell with any optics.
quote:if LSU is paying on two buyouts at once.
the PR nightmare
Better a decisive action with just a bit of chattering questions later than to simply pretend all is well in Tigerland and keep the ball "rolling" when the only roll is a program destroying downward one.
Fans have no confidence in Alleva. Fans have no confidence in CEO. Surgical removal of both - swift, decisive and done is best option. To hell with any optics.
Posted on 10/4/17 at 9:11 am to jcole4lsu
The University doesn't pay the buyout. But I agree it's about perception.
So an awful hire was made, and a contract drawn up by a fool, and LSU will continue to eat the shite sandwich to avoid the bad PR.
Man, that's messed up.
So an awful hire was made, and a contract drawn up by a fool, and LSU will continue to eat the shite sandwich to avoid the bad PR.
Man, that's messed up.
Posted on 10/4/17 at 9:12 am to Jeffreylebowski
You’re right about LSU having plenty of money. And there’s more to come from wealthy boosters. The issue isn’t going to be money, at least I hope so, but a clear plan to national prominence which is what we need. I love O but having witnessed the Troy game live and hearing the post game comments I believe a complete makeover is needed including a new AD. I hope someone, not Alleva, is contacting big name coaches about their interest in LSU. I like Bob Stoops but there are others who could get it done.
Posted on 10/4/17 at 9:12 am to The Eric
quote:
But with us firing Miles and Oregon in the span of a year and a half, it would be imperative that the next hire is a home run. We can't afford a dud.
It all starts with Alleva. Just getting rid of the coach is treating a symptom of the main issue. Deal with the AD and go from there. Even if you have to keep Orgeron until at least next year, firing Alleva is going to solve a lot of problems in the long run, assuming they hire the right person to fill that spot.
Posted on 10/4/17 at 9:16 am to Jeffreylebowski
getting rid of Alleva is paramount
Orgeron's ineptitude will take care of him eventually
Orgeron's ineptitude will take care of him eventually
Posted on 10/4/17 at 9:16 am to sicboy
"It's not about whether or not they could afford it, it's the PR nightmare they will face with paying on 2 separate buyouts and firing a coach after just one season."
You want to talk about a PR nightmare? Go to any sports related website and look for recent articles about LSU. We are in PR hell already bro.
You want to talk about a PR nightmare? Go to any sports related website and look for recent articles about LSU. We are in PR hell already bro.
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