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re: Update: Morning Report to My evening Report - Martin Blank
With Canada getting $1.7 million the next two seasons as a buyout, isn’t the difference between that and what Canada would have been paid if he stayed $1.6 million, ie $800,000 a season? If my math is right You could pay Gilbert $700k a season and actually save money on a the OC position next season...
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re: The timeline for Briles fits. - Martin Blank
Imagine how much worse it would be if a top tier SEC school like LSU took him. National writers would take up residence down here til LSU was on probation. That’s why the kind of people who run $100 million organizations like LSU Athletics have to make $100 million choices like “can’t hire Brile...
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re: The timeline for Briles fits. - Martin Blank
It took less than an hour after the UH announcement for this column to be published. [link=(https://twitter.com/jennydiach/status/949689232762855429)]LINK[/link]...
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re: Who signed off on Joe Alleva's 2 MILLION DOLLAR BUYOUT? - Martin Blank
Good luck hiring the head of janitorial services at ULL as the next AD, if he can be fired at the whim of the Board of Supervisors at any time, with no financial recourse at all. You give AD's buyouts so that you can get a better AD the next go round, if you have to fire this one....
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re: Per Scona, Canada is indeed being forced out - Martin Blank
The $3 million buyout is reduced by anything Canada earns in the future, or could earn with best efforts. And of course, it only happens if LSU out and out fires him. If that happens LSU is going to decide that with best efforts, Canada could have gotten $800k a year or better at a new job. ...
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re: Who signed off on Joe Alleva's 2 MILLION DOLLAR BUYOUT? - Martin Blank
Nobody. His buyout is $1,312,500 if fired today, $1,050,000 if fired June 30, 2018. He gets 1/3rd up front ($437,500 or $350,000, respectively), and from there about $14,500 for the next 48 to 60 months depending on when he's fired. If I'm reading it wrong, here's the link to his current contract...
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re: What’s the worst way someone you knew died? - Martin Blank
I think that was Miller Chavis, who was from Opelousas....
Posted on O-T Lounge
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re: Alleva has a 2 million dollar buyout - Martin Blank
Less an offset for money earned in the future. If he gets a mid major AD job at $200k a year for the next three years you're looking at under $1 million total for the buyout. And it's paid over double the remaining time. If it's 34 months left then Alleva gets paid monthly for the next 68 months...
Posted on Tiger Rant
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re: Alleva Termination Timeline - between October 13 and December 9? - Martin Blank
That makes a lot of sense, but would give Alleva a lot of power in that negotiation (insert joke here). He could take a slight haircut to go away quietly, but the natives get more restless with each passing day so Joe knows that if he stalls he can get more $ from the BOS. Regardless of how much pow...
Posted on Tiger Rant
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re: Alleva Termination Timeline - between October 13 and December 9? - Martin Blank
Agreed. I'm just trying to figure out if there is a practical way to get Alleva fired before the December 9 BOS meeting. No point in firing Alleva incorrectly to satisfy the bloodlust of the LSU fanbase, only to owe him more money on the back end, and scare off good AD replacement candidates. ...
Posted on Tiger Rant
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re: Alleva has a 2 million dollar buyout - Martin Blank
The actual Alleva figure, once you factor in the income from future employment, is probably much closer to $900,000, payable monthly over 5 1/2 years. That works out to about $13,500 per month, which is about what LSU would pay a well-regarded shadow staff member. ...
Posted on Tiger Rant
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re: Alleva Termination Timeline - between October 13 and December 9? - Martin Blank
The "time critical" phrase had to do with Miles getting a $100k bump in his possible, potential, theoretical (whatever adjective you need to understand it wasn't an actual raise) bowl incentives. He was fired September 25 and that meeting was October 9. So voting on the bowl incentives of a coach yo...
Posted on Tiger Rant
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re: Alleva Termination Timeline - between October 13 and December 9? - Martin Blank
Are you sure about this? All I can find is a September 9, 2016 resolution to approve a slight bump in Miles' bowl incentives, and an October 21, 2016 (i.e. after he got fired) statement from Athletic Committee chair Chatelain that deferred it to another meeting since it was not "time critical." D...
Posted on Tiger Rant
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Alleva Termination Timeline - between October 13 and December 9? - Martin Blank
I posted this in response to a thread a few days back, but this seemed better suited to its own topic. I'm hoping we have some folks in here who've actually dealt with the BOS on some level. Perhaps someone more well versed in BOS procedure can correct me, but my reading of the BOS Bylaws is that...
Posted on Tiger Rant
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re: Why isn’t Joe Alleva Fired yet - Martin Blank
Perhaps someone more well versed in BOS procedure can correct me, but my reading of the BOS Bylaws is that only the BOS can take action on something like firing an Athletic Director (see "Matters Requiring Approval by the Board, Section 11(b), pg 11). [link=(https://www.lsu.edu/bos/docs/LSU-Bylaw...
Posted on Tiger Rant
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re: The buyout is just under $9.4 Million and decreasing daily... - Martin Blank
There are other issues to consider like: - Has Miles been paid a lump sum to go away, or is he still getting monthly checks? - Did TAF buy an annuity to fund the monthly checks so that it's a sunk cost anyway? - The assistants' salaries and offsets (I haven't looked at those contracts yet)...
Posted on Tiger Rant
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re: The buyout is just under $9.4 Million and decreasing daily... - Martin Blank
Yes. The Orgeron contract breaks down like this: $500k a year from LSU $500k a year from TAF $2.5 mil a year from Radio and TV The first two combine for $1 million a year. It gets paid to O direct. The TV money goes to O's LLC for tax purposes. His buyout numbers are listed in terms o...
Posted on Tiger Rant
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re: The buyout is just under $9.4 Million and decreasing daily... - Martin Blank
Even better, the financial details of Alleva's contract won't prevent him from being fired at all. In fact, once fired Alleva will cost about as much as a shadow staffer, for 5 1/2 years. Alleva's contract runs from July 1 to June 30 of each year, now til June 30, 2020. If he were fired today he...
Posted on Tiger Rant
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re: The buyout is just under $9.4 Million and decreasing daily... - Martin Blank
LSU puts all of its athletic contracts online now, no doubt to stem the tide of FOIA requests. See link below for Alleva, Orgeron, and others: [link=(http://www.lsusports.net/ViewArticle.dbml?ATCLID=204783010)]All LSU Athletic Contracts[/link]...
Posted on Tiger Rant
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re: Cam Akers update! - Martin Blank
I know for sure that Miles'contract had an "including but not limited to" list of things that could get you fired for cause (i.e. no buyout). "(O)ne or more major, significant or repetitive" SEC and/or NCAA violations was definitely on the list. ...
Posted on LSU Recruiting
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