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re: Is it affordable to fire Current FB Staff?
Posted on 9/19/16 at 6:35 am to AUstar
Posted on 9/19/16 at 6:35 am to AUstar
quote:
Which is nothing. AU just raised ONE BILLION for academic programs from donors. You think 13 million will be an issue?
That money can not be used for this. Buyouts are part of the world we live in and I understand that. In the old days you paid a small amount to get rid of a coach, now it is 10 million or more.
Posted on 9/19/16 at 6:35 am to lowspark12
Can't we just sell that giant scoreboard? Who needs it when the seats are empty? People in the back can just move down after the first quarter.
This post was edited on 9/19/16 at 6:36 am
Posted on 9/19/16 at 6:50 am to allin2010
He's not suggesting we use some of that to pay a buyout... Just that raising money isn't an issue.
Posted on 9/19/16 at 6:52 am to lowspark12
quote:
It doesn't matter how much money you're generating, essentially lighting a match to 14 million dollars probably isn't going to happen.
You also need to factor in the cost to hire a new staff... which is likely to be more expensive than the one you just fired.
I'm not sure many of you understand the concept of investments and best business practices.
Auburn football as a brand is only as successful as the team it puts on the field. Sure, most programs in the SEC could put their feet up and ride on the coattails of the conference, rake in a bunch of media money, and smoke fancy cigars while the fanbases grumbles and groans.
But being a top 15 program means that Auburn wants to continue increasing its value as an organization, and it can only do that by remaining in the spotlight through winning. That increases advertisement deals, merchandise sales, and the price of season tickets. Not to mention it inspires more Auburn grads and fans to donate money to "boost" the program even higher than it already is or at the least maintain its status in the country.
You all see $14 million dollars as a big chunk of money to pay out at once, but what about the lost revenue over the course of five years if the program sinks to the bottom of the SEC? And considering the losing streak we're on against SEC and Power 5 teams, the bottom of the SEC is surely our future destination.
Ole Miss for example just celebrated their new stadium renovations with a big game against Alabama. It was the largest crowd to ever see a football game in the state of Mississippi with 64k people in attendance. That's 23k less than Jordan Hare can hold. Ole Miss has throughout history been a subpar football program thus making their entire athletics department smaller and less significant than Auburn's. Their student population is about the same as Auburn's, yet you can see first hand the difference in business success between the two schools. One made a large investment in their football program; the other didn't.
Auburn in 2015 generated ~$124 million in revenue. The football program was responsible for ~$75 million of that.
Simply put, money isn't an issue when it comes to keeping the football program on the right trend. The $14 million total buyout is more embarrassing as a news story than it is detrimental to maintaining the revenue of the athletic department.
And one last thing - It should be more concerning to the department as a whole to keep Jacobs around. I think at this point most people recognize the true issue with the athletics department, and people will eventually stop spending their money on Auburn athletics (including football) because they know Jacobs will make a piss poor hire.
This post was edited on 9/19/16 at 6:54 am
Posted on 9/19/16 at 7:42 am to Bow to Auburn
Until attendance numbers begin significantly decreasing then count on Gus being around.
All about $$$.
All about $$$.
Posted on 9/19/16 at 7:47 am to lowspark12
I wish I could just shite all over my company and then get paid 2.5x salary upon exit having brought nothing substantial to the table.
Posted on 9/19/16 at 7:51 am to Scrimpin Gary
quote:
I wish I could just shite all over my company and then get paid 2.5x salary upon exit having brought nothing substantial to the
What about the guy/guys who originated the contract and paid out all that money? And this isn't his first frick up blowing millions in cash.
Posted on 9/19/16 at 7:53 am to StringedInstruments
I agree this is 100% on Jacobs but who does he report to? Gouge only? And that clown is signing off on these extensions. So why does the board retain him? Surely 75% of the fan base that thought these extensions were terrible aren't all idiots. The board can't all be on board with this shite show...they're not doing their job and adding value to this university.
Posted on 9/19/16 at 7:55 am to Rhino5
quote:
What about the guy/guys who originated the contract and paid out all that money? And this isn't his first frick up blowing millions in cash.
Bingo.
Posted on 9/19/16 at 8:48 am to Scrimpin Gary
I've said several times that if Jacobs worked in corporate America he would've been fired years ago and blacklisted. Auburn continues to give this moron unlimited spending power.
Posted on 9/19/16 at 8:51 am to Rhino5
quote:
Auburn continues to give this moron unlimited spending power.
Gogue likes Jacobs. Maybe it is a Roger Goodell thing, where Jacobs shoulders the blame while Gogue gets to stay at arms length from athletics
When Gogue is gone, it is hard to believe the new president puts up with the backlash and protects him
Posted on 9/19/16 at 8:56 am to GenesChin
Yep. It's like Gouge didn't want to be involved in athletics, just a guy to handle it for him.
Posted on 9/19/16 at 9:02 am to GenesChin
JJ and TJ were both almost fired during Chiz's last days. Gogue saved JJ because some big money friends of the program wanted them to stay. The deal was that JJ would not make the coaching hire, but folks with better football minds would. The problem was and IS, who wants to work for JJ? Will the AD make the commitment for better facilities?
We went for a coach who at the time many Auburn folks wanted . (Note: Easy to say now, but Malzahn was way down my list).
IMHO, he does a poor job of evaluating talent. You can not recruit by stars.
We went for a coach who at the time many Auburn folks wanted . (Note: Easy to say now, but Malzahn was way down my list).
IMHO, he does a poor job of evaluating talent. You can not recruit by stars.
Posted on 9/19/16 at 9:12 am to Bow to Auburn
If we lose every SEC game this year, then Gus might be gone. If not, then I think he stays one more year. Lashless definitely gone. Maybe before end of the season.
Posted on 9/19/16 at 9:37 am to allin2010
quote:
That money can not be used for this. Buyouts are part of the world we live in and I understand that. In the old days you paid a small amount to get rid of a coach, now it is 10 million or more.
I realize that. My point is if enough rich alums get unhappy, changes will be made and the money will be paid.
Posted on 9/19/16 at 9:56 am to AUstar
quote:
My point is if enough rich alums get unhappy, changes will be made and the money will be paid.
Why would they throw good money after bad? The same idiot is still in charge of the AD. You've got to get rid of people who think it's smart Gus a $9M buyout before you hire the next guy or you'll just be repeating this process again in 4 years.
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