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re: Ranking head coach job security in each college football conference..USA Today
Posted on 8/20/18 at 1:37 pm to TheCaterpillar
Posted on 8/20/18 at 1:37 pm to TheCaterpillar
No. The $5.2 million total figure assumes a termination, IIRC, on November 28, 2018. They literally have an example with that date spelled out in the contract, so you’d know to the penny what the buyout would be on that date.
Contrary to what everyone yells about on this message board, it’s not a badly constructed buyout (whether O needed one at all is a separate issue). The buyout figure “resets” to $6 million on 1/1/19, and begins to decrease again from there so that a termination in November 2019 would cost about $2.5 million total. So it’s actually cheaper to fire Orgeron during the 2018 season than it is to wait until the 2019 is affected by a bad season.
Contrary to what everyone yells about on this message board, it’s not a badly constructed buyout (whether O needed one at all is a separate issue). The buyout figure “resets” to $6 million on 1/1/19, and begins to decrease again from there so that a termination in November 2019 would cost about $2.5 million total. So it’s actually cheaper to fire Orgeron during the 2018 season than it is to wait until the 2019 is affected by a bad season.
3
Posted on 8/20/18 at 2:08 pm to Martin Blank
Best news I've read on here in a long time. Thanks Marty
Posted on 8/20/18 at 2:09 pm to Martin Blank
So this year starts at 9 mill isnreduced by what we’ve paid him?
And then reset to 6 mill ifnhe makes it through the year.
Is that what you’re saying?
And then reset to 6 mill ifnhe makes it through the year.
Is that what you’re saying?
Posted on 8/20/18 at 2:12 pm to Alt26
Spot on Alt26
This post was edited on 8/20/18 at 2:16 pm
Posted on 8/20/18 at 2:29 pm to SammyTiger
Close. It started at $8 million on 1/1/18, and decreased every time O got a paycheck. By 11/30/18, which is the actual date is in the contractual example, he will have been paid most of his 2018 salary. Take $8 million less ($3.5 million divided by 12 times 11 months) and you get the actual buyout of $5,291,667.00 on that date.
They show the math directly in the contract, which is easily found on the LSU athletics website. It resets on 1/1/19 to $6 million, and goes down again with every paycheck.
The buyout as we speak is probably less than $6 million with 75% of the 2018 salary already paid. So the buyout is designed to make him cheaper to fire at the end of football seasons, when it’s more likely you’d actually fire a head coach.
They show the math directly in the contract, which is easily found on the LSU athletics website. It resets on 1/1/19 to $6 million, and goes down again with every paycheck.
The buyout as we speak is probably less than $6 million with 75% of the 2018 salary already paid. So the buyout is designed to make him cheaper to fire at the end of football seasons, when it’s more likely you’d actually fire a head coach.
Posted on 8/20/18 at 2:37 pm to Martin Blank
Nice breakdown sir 
Posted on 8/20/18 at 2:44 pm to Martin Blank
I dont Hate the structure, but the amount is pretty bad.
Posted on 8/20/18 at 2:58 pm to SammyTiger
He clearly would have taken a smaller one. But $2 million on Jan 30 and $100k a month for two years or so isn’t gonna make that big of a dent in the athletic/TAF/booster budget. If the record justifies it, $$ isn’t gonna be a legit reason to not fire O.
Posted on 8/20/18 at 3:52 pm to Martin Blank
quote:
Close. It started at $8 million on 1/1/18, and decreased every time O got a paycheck. By 11/30/18, which is the actual date is in the contractual example, he will have been paid most of his 2018 salary. Take $8 million less ($3.5 million divided by 12 times 11 months) and you get the actual buyout of $5,291,667.00 on that date.
They show the math directly in the contract, which is easily found on the LSU athletics website. It resets on 1/1/19 to $6 million, and goes down again with every paycheck.
The buyout as we speak is probably less than $6 million with 75% of the 2018 salary already paid. So the buyout is designed to make him cheaper to fire at the end of football seasons, when it’s more likely you’d actually fire a head coach.
Damn son. This may be my favorite post in TD in a long while.
Posted on 8/20/18 at 4:15 pm to Drunken Clams
Further down in the article is where you find a really good indicator of the next up and coming P5 HC:
quote:
Sun Belt Most secure: Neal Brown, Troy Least secure: Everett Withers, Texas State After back-to-back seasons with 10 or more wins, Brown’s next stop is in the Power Five.
Posted on 8/20/18 at 4:41 pm to Brazos
quote:
A competent regime would have never fired Miles only to turn around and hire a position coach already on his staff and then allow another position coach that's been on staff to take over the biggest weakness of the entire program. Hollywood couldn't have written a comedy like this if they tried.
It’s depressing. Probably could have even kept him as DL coach. If not, so what.
Posted on 8/20/18 at 4:49 pm to beauchristopher
quote:
It’s depressing. Probably could have even kept him as DL coach. If not, so what.
Considering how he threw a tantrum and quit USC when they didn't give him the head job permanently, he'd probably be Kiffin's DL coach and recruiting coordinator at FAU right now. Which is mind-numbing.
Posted on 8/20/18 at 6:30 pm to nvasil1
We could be going on year 3 with Jimbo.
Posted on 8/20/18 at 6:33 pm to nvasil1
quote:
Considering how he threw a tantrum and quit USC when they didn't give him the head job permanently, he'd probably be Kiffin's DL coach and recruiting coordinator at FAU right now. Which is mind-numbing.
He might've made him DC but you're right.
Posted on 8/20/18 at 6:41 pm to fallguy_1978
Personally, I don't believe 5-7 record would get him fired . Next year is the deal breaker to the people that matter, for several reasons. Almost all of which have been mentioned on this board.
Posted on 8/21/18 at 9:47 am to Tigertown
quote:
Personally, I don't believe 5-7 record would get him fired
Get your head checked
Posted on 8/21/18 at 9:57 am to Dave England
quote:
Get your head checked
Again, who is going to fire Ogeron?
Does anyone really think Alleva is going to be willing to admit he made a huge mistake and fire Ogeron just two years after trumphantly running to the podium to name O the HC when literally NO ONE ELSE was considering him for a job? Not that we don't know it already, but doing so would be Alleva admitting to the world that he is a buffoon and should not be allowed to ever make another HC hire. In sum, that ain't happening.
Alleva would have to be canned first. But who's going to do that? F. King? The guy who (a) signed off on the O hire and (b) has spent virtually his entire tenure at LSU telling the world just how "broke" LSU perpetually is?
The bottom line is that F. King doesn't want the "optics" of LSU's athletic dept spending a ton of money and Alleva doesn't want the "optics" of him admitting he is incompetent. Even at 5-7, O is safe because the bozos above him are fine with mediocrity. It will take a full-fledged regime change to right the ship.
Posted on 8/21/18 at 10:00 am to Martin Blank
Posted on 8/21/18 at 10:05 am to Martin Blank
quote:
No. The $5.2 million total figure assumes a termination, IIRC, on November 28, 2018. They literally have an example with that date spelled out in the contract, so you’d know to the penny what the buyout would be on that date.
Contrary to what everyone yells about on this message board, it’s not a badly constructed buyout (whether O needed one at all is a separate issue). The buyout figure “resets” to $6 million on 1/1/19, and begins to decrease again from there so that a termination in November 2019 would cost about $2.5 million total. So it’s actually cheaper to fire Orgeron during the 2018 season than it is to wait until the 2019 is affected by a bad season.
my new favorite poster
Posted on 8/21/18 at 10:05 am to Alt26
fire alleva. replace with interim ad. fire orgeron. hire new coach. arkansas did the same thing last year.
This post was edited on 8/21/18 at 10:06 am
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