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re: Early reports have Sumlin getting $5M per year.

Posted on 12/5/13 at 12:16 pm to
Posted by Intheheartoftexas
Aggieland
Member since Dec 2013
102 posts
Posted on 12/5/13 at 12:16 pm to
This is a solid business move, period. Just sold out a 102,500 seat renovated stadium and have a #3 recruiting class, per Rivals. You can give the head coach a $2M/year raise, or let him walk and lose up to 20% of season ticket holders who are buying into where these last 2 recruiting classes will take you. Let's assume the average seat in the new stadium will run $100/game (including donation and capital contribution). That's extremely conservative, and the real impact may be 2-3 times more per ticket. If you lose 10% of the season tix spoken for, that's 10,000 season tickets, at $100 each, or $1M per game. At 6 games a year (the fewest on any given year), that's a loss of $6M per year. Sumlin has the best first 2-year record of any A&M coach in history, the best first two recruiting classes of any A&M coach since classes were tracked. And strictly from a business standpoint, the move saves no less than $4M per year, and more likely avoids costs of closer to $10M per year. This was a no-brainer. Sumlin is in the right place at the right time.
This post was edited on 12/5/13 at 4:40 pm
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