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re: LSU coach Ed Orgeron to receive big raise in new contract extension, records show

Posted on 3/18/19 at 2:18 pm to
Posted by LNCHBOX
70448
Member since Jun 2009
89137 posts
Posted on 3/18/19 at 2:18 pm to
quote:

Because it's a losing argument, it's easy to comprehend you have no idea what you're talking about.


I'm not even sure what you're trying to say here. You don't get the argument, yet you say it's a loser?

quote:

Again, on one hand you argue 10-3 = 10-3 (Record = record no matter what), but then put your own specific qualifiers on why that could change, and not ALL the qualifiers on how people judge full seasons.



Ok dude.
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
72333 posts
Posted on 3/18/19 at 2:19 pm to
quote:

I'm not even sure what you're trying to say here. You don't get the argument, yet you say it's a loser?



We all get your argument, and are telling you you can't set the only specific criteria YOU want to on judging a season, especially when it leaves out major factors most people consider when talking about the outcome of a season.

You get it yet?
This post was edited on 3/18/19 at 2:20 pm
Posted by LNCHBOX
70448
Member since Jun 2009
89137 posts
Posted on 3/18/19 at 2:20 pm to
quote:

We all get your argument,


You clearly don't.
quote:

and are telling you you can set the only specific criteria YOU want to on judging a season, especially when it leaves out major factors most people consider when talking about the outcome of a season.


Yea, you definitely aren't getting it. We're done here.
Posted by lsufball19
Franklin, TN
Member since Sep 2008
73609 posts
Posted on 3/18/19 at 2:20 pm to
I think he struggles with the idea that everyone doesn't share his opinion on evaluating a season.
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
72333 posts
Posted on 3/18/19 at 2:26 pm to
quote:

You clearly don't.



I guess this is you playing the "I'm stupid" game and trying to backpedal at this point.

Let me repeat this for you one more time. Most people consider MAJOR things like final ranking and bowl game in determining the outcome of a season. The reason why is because they are good gauges to judge yourself nationally against other teams. Finishing #6/#7 is different than #16/#17 just like #16/#17 is different than finishing unranked. Or playing in the Texas Bowl vs. Fiesta Bowl.

Therefore, you leaving them out, doesnt mean you're correct in stating "10-3 = 10-3 is the same season; Cause we didn't win the division in either year baw!"
This post was edited on 3/18/19 at 2:28 pm
Posted by slackster
Houston
Member since Mar 2009
91838 posts
Posted on 3/18/19 at 2:32 pm to
quote:

And be prepared for an onslaught of people who do not know how buyouts work


Are you pre-empting them?

There is absolutely no stipulation that a buyout must be for the entire value of the remaining contract. The NFL does them all the damn time.
Posted by BayouCowboy
Member since Dec 2012
16712 posts
Posted on 3/18/19 at 2:32 pm to
quote:

I think this contract extension reflects the fact that O is not that marketable at other CFB programs. LSU is getting a lot of value here. It's okay to admit that Alleva got one right here. I do want an upgrade at the AD position though regardless of the Coach O deal.

That's what some don't get. Comparatively it's a very modest contract. He's not going anywhere for another couple years so when/if there is a buy out it will be minimal at worst.
Posted by lsufball19
Franklin, TN
Member since Sep 2008
73609 posts
Posted on 3/18/19 at 2:37 pm to
quote:

There is absolutely no stipulation that a buyout must be for the entire value of the remaining contract.

If my math is correct, with a raise to 5.5/year with 4 years left, that means $22MM is left on his contract if he played it out in its entirety. If his buyout is only $10M, then his buyout is less than half the money remaining on his contract. Orgeron doesn't have full value of his contract buyout.
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
72333 posts
Posted on 3/18/19 at 2:39 pm to
quote:

There is absolutely no stipulation that a buyout must be for the entire value of the remaining contract.


Not sure what you think this contract is, but the total value of the contract would be roughly $20M (5 years x $4M/year), so $10M is half that.

Current contract runs through end of 2021, they are trying to add on 2 more years and change his pay per year from $3.5M to $4M. It could be worth a little less than $20M if all they do is extend him to end of 2023, which instead of 60 months would be 57 months on the new pay rate.
This post was edited on 3/18/19 at 2:42 pm
Posted by slackster
Houston
Member since Mar 2009
91838 posts
Posted on 3/18/19 at 2:41 pm to
quote:

think this contract extension reflects the fact that O is not that marketable at other CFB programs.

LSU is getting a lot of value here. It's okay to admit that Alleva got one right here.


LSU still had essentially all the chips here. He was under contract until 12/31/2021. You could have given him more money and/or years without giving him additional job security (buyout). Posters (not you) that act like they're one and the same are dumb.
Posted by J2thaROC
Member since May 2018
14901 posts
Posted on 3/18/19 at 2:42 pm to
quote:

He has exceeded expectations more than what you’re willing to give him credit for. But please, by all means, continue your bullshite narrative.



I thought expectation was at the very least an SEC championship. Hmm. Didn’t know the bar was so low at LSU. Why was Miles fired again?
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
72333 posts
Posted on 3/18/19 at 2:42 pm to
quote:

You could have given him more money and/or years without giving him additional job security (buyout)


It pretty much never works this way. As the years/money increase, buyouts are usually relative to that.

I'm not saying I like what buyout have become, but that's just how it is these days.

Even with a $10M buyout starting 4/1/19, his buyout would be at best 10th largest in the conference.
Posted by moneyg
Member since Jun 2006
63089 posts
Posted on 3/18/19 at 2:45 pm to
quote:

Bumping the buyout to $10 mil?

THAT’s the insane part. Ridiculous


Actually, it says it will descrease faster than the contract and will be down to 4M by 2020.

That's reasonoable. In fact, if we can keep the buyout moving forward extremely low, I wouldn't have any problem paying top dollar to Orgeron.
Posted by slackster
Houston
Member since Mar 2009
91838 posts
Posted on 3/18/19 at 2:47 pm to
quote:

If my math is correct, with a raise to 5.5/year with 4 years left, that means $22MM is left on his contract if he played it out in its entirety. If his buyout is only $10M, then his buyout is less than half the money remaining on his contract. Orgeron doesn't have full value of his contract buyout.


A) The raise is to $4MM/yr, so he got a $500k/yr raise, for 4 years, hence the 2yr/$4MM number.

B) His total value is $16MM if played out, but we bumped up the buyout to $10MM from $5.3MM. My argument is that was unnecessary.
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
72131 posts
Posted on 3/18/19 at 2:48 pm to
quote:

The buyout would decrease by $250,000 each month until it decreased to a flat $4 million on Feb. 28, 2021.


I mean that’s not even 2 years. Barring some insane disaster he wouldn’t be fired before then anyway after the perceived improvement this year.
This post was edited on 3/18/19 at 2:49 pm
Posted by ExpoTiger
Member since Jul 2014
7521 posts
Posted on 3/18/19 at 2:50 pm to
Wtf would the buyout go up?? Someone explain. Pretty sure that’s not normal.

Nevermind
This post was edited on 3/18/19 at 2:52 pm
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
72333 posts
Posted on 3/18/19 at 2:51 pm to
quote:

Even with a $10M buyout starting 4/1/19, his buyout would be at best 10th largest in the conference.



To put clarification around this. Buyouts in SEC as of 4/1/19:

Jimbo Fisher - $68.1M
Nick Saban - $33.6M
Gus Malzahn - $32.1M
Kirby Smart - $27.9M
Will Muschamp - $18.7M
Mark Stoops - $15.6M
Chad Morris - $12.5M
Dan Mullen - $12.0M
Jeremy Pruitt - $11.8M
Ed Orgeron (proposed) - $10.0M
Barry Odom - $1.9M
Joe Moorhead - $0
Matt Luke - $0
Derek Mason - unknown

Per NCAA Coaching Salaries + Buyouts

And like almost all of these, decreases over time, so $7.5M end of this season, $4.5 end of 2020 season. That's really nothing.
This post was edited on 3/18/19 at 2:53 pm
Posted by geauxtigers33
Baton Rouge
Member since Jan 2014
13735 posts
Posted on 3/18/19 at 2:54 pm to
Even if fired after 2020 it would be roughly a 7.5 million dollar buyout. That’s reasonable especially considering you just got the Miles buyout off the books.
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
72333 posts
Posted on 3/18/19 at 2:56 pm to
quote:

Even if fired after 2020 it would be roughly a 7.5 million dollar buyout. That’s reasonable especially considering you just got the Miles buyout off the books.



After 2020 (season) would be a $4.5M buyout in Jan 2021, decreasing to $4.0M and staying there in March 2021
This post was edited on 3/18/19 at 2:57 pm
Posted by slackster
Houston
Member since Mar 2009
91838 posts
Posted on 3/18/19 at 2:57 pm to
quote:

It pretty much never works this way. As the years/money increase, buyouts are usually relative to that.


I understand it's not common, but it's perfectly possible. Apparently Matt Luke and Joe Moorehead at Ole Miss and MSU have $0 buyouts.


ETA - I'm not going to lose sleep over it, but it just seems like an we're bidding against ourselves. It's difficult to consider it a value when it could/should have been had for less.
This post was edited on 3/18/19 at 3:00 pm
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