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re: Who is the moron that negotiated a 15Million...
Posted on 11/23/15 at 3:10 pm to Aggie Fishfinder
Posted on 11/23/15 at 3:10 pm to Aggie Fishfinder
quote:
Think about what LSU could buy with $15 million. Think about all the scholarships that they could give to kids with that money. That is what I am always perplexed by.
sigh. for the one millionth time, the LSU athletic department, or it's salaries, are not paid for by the university. It's all private money and self funding. Now, as a society it's sad donors are more willing to put up that kind of money for the football team than they are for the education system, but that's a different argument altogether.
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Posted on 11/23/15 at 3:10 pm to TexasAg13
quote:
The same guy that wouldn't pay up for the best DC in college football.
Looks like you overpaid considering that your D is in the bottom 3rd of the league...
Posted on 11/23/15 at 3:13 pm to SammyTiger
Forbes doesn't know shite about CFB.
Here is a Chris Low article from this year, a guy that actually covers the SEC and knows something.
LINK
Something else unique about Saban's contract is that he doesn't have a buyout. He makes $7.2 million annually, but could leave without penalty any time he wants to for another job. He also didn't have a buyout when he was at LSU. Saban has the leverage to demand that he not have a buyout in his contract while most coaches don't.
Here is a Chris Low article from this year, a guy that actually covers the SEC and knows something.
LINK
Something else unique about Saban's contract is that he doesn't have a buyout. He makes $7.2 million annually, but could leave without penalty any time he wants to for another job. He also didn't have a buyout when he was at LSU. Saban has the leverage to demand that he not have a buyout in his contract while most coaches don't.
This post was edited on 11/23/15 at 3:14 pm
Posted on 11/23/15 at 3:17 pm to GIbson05
quote:
Something else unique about Saban's contract is that he doesn't have a buyout. He makes $7.2 million annually, but could leave without penalty any time he wants to for another job. He also didn't have a buyout when he was at LSU. Saban has the leverage to demand that he not have a buyout in his contract while most coaches don't.
Saban doesn't owe Alabama anything if he leaves, but Alabama does if they fired him (not that they ever would). Saban had the power to cover his own arse if he felt like bolting. He didn't give Alabama that power too. Jimmy Sexton wouldn't have a job if the terms of a coach's salary were that a school wouldn't have to buy that coach out if they were to be fired prematurely.
This post was edited on 11/23/15 at 3:19 pm
Posted on 11/23/15 at 3:18 pm to lsufball19
quote:
It's all private money and self funding.
Private money can't fund scholarships? It still shows how idiotic people can be with their money.
Posted on 11/23/15 at 3:19 pm to GIbson05
There's a difference in Saban leaving vs Saban being fired as far as buyouts are concerned.
Posted on 11/23/15 at 3:20 pm to Aggie Fishfinder
quote:
Private money can't fund scholarships?
unfortunately, and again that's another argument, no, those same people willing to shell out 15 million for a buyout wouldn't give that same money back to the university absent a coaching vacancy
Posted on 11/23/15 at 3:22 pm to Aggie Fishfinder
quote:
Think about what LSU could buy with $15 million. Think about all the scholarships that they could give to kids with that money. That is what I am always perplexed by.
They did that last year by giving LSU 19MILLION.
Posted on 11/23/15 at 3:22 pm to Aggie Fishfinder
quote:
Think about what LSU could buy with $15 million. Think about all the scholarships that they could give to kids with that money. That is what I am always perplexed by.
Without the money made by being a national power, that 15m wouldn't be available. So the thought is if the coach is able to hold you at the top, it's worth it.
Posted on 11/23/15 at 3:23 pm to FreddieMac
I'm not attacking LSU on this. I thought it was dumb for A&M to spend $500 million on a stadium that you use 6 times a year. But I guess we aren't hurting financially in other areas of the university.
Posted on 11/23/15 at 3:28 pm to Aggie Fishfinder
quote:
I'm not attacking LSU on this. I thought it was dumb for A&M to spend $500 million on a stadium that you use 6 times a year. But I guess we aren't hurting financially in other areas of the university.
LSU just spent almost 100 million on an expansion, all private money. If the private sector wants to spend their money like that, who cares. LSU does nothing but profit off their donations and the AD donates tens of millions back to the university every year. So I really don't see what the issue is. The football program and it's spending and building is an asset, not a detriment to the university as a whole.
This post was edited on 11/23/15 at 3:29 pm
Posted on 11/23/15 at 3:36 pm to Titus Pullo
quote:Yes, this is pretty much common knowledge.
There's a difference in Saban leaving vs Saban being fired as far as buyouts are concerned.
Saban owes Bama nothing if he leaves for another job.
Bama owes him the balance of his entire contract if they fire him for on-field performance.
It was set up that way in '07 when he signed. Fortunately he's a good enough coach that it shouldn't ever become a concern.
Posted on 11/23/15 at 3:44 pm to FearlessFreep
quote:
Yes, this is pretty much common knowledge.
I thought so until I saw this thread.
Common sense/knowledge isn't so common though.
Posted on 11/23/15 at 3:48 pm to GIbson05
quote:
GIbson05
You need to stop because you're 100% wrong.
Nick can leave any time he wants but if Bama fires him without cause he gets everything left on the contract, which was $23 million when signed.
Posted on 11/23/15 at 3:48 pm to Aggie Fishfinder
My sources tell me LSU is axing the college of engineering to free up funds for the buyout
Posted on 11/23/15 at 3:53 pm to Titus Pullo
quote:
There's a difference in Saban leaving vs Saban being fired as far as buyouts are concerned.
I'm sure Gibson won't be back in this thread, because it was a bad fail on his part...
quote:
Nick can leave any time he wants but if Bama fires him without cause he gets everything left on the contract, which was $23 million when signed.
Oh Gibson thought it was $0, but in actuality it's the biggest buyout in the country. Sorry Gibson you're lord and savior has let you down.
This post was edited on 11/23/15 at 3:56 pm
Posted on 11/23/15 at 3:57 pm to BamaScoop
Anyone CEO would be fired immediately.
This post was edited on 11/23/15 at 3:58 pm
Posted on 11/23/15 at 4:01 pm to BamaScoop
Pretty sure the answer to this question is "Les Miles' agent." Calling him a moron seems a bit harsh.
This post was edited on 11/23/15 at 4:02 pm
Posted on 11/23/15 at 4:06 pm to GIbson05
quote:
if we fire him we owe him nothing.
False, Bama would owe him the remainder of his contract, unless he was fired for cause, not sure what those "causes" would all entail. I'm sure ncaa violations leading to probation, I'm sure there is a moral clause for things such as felonies and such. Don't think one of the causes would be the team lost 3 to 4 games a few years in a row.
quote:
If he walks away he owes us nothing
Correct
Posted on 11/23/15 at 4:08 pm to spacewrangler
It would probably require UA getting the DP or a Penn St situation to fire Saban "with cause".
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