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re: Annual highest paid coaches from USA Today
Posted on 10/15/20 at 3:32 pm to chillmonster
Posted on 10/15/20 at 3:32 pm to chillmonster
quote:
How long . . .
Two weeks ago
0
Posted on 10/15/20 at 3:51 pm to PorkSammich
I calculate a little more than $43M wasted dollars there.
Posted on 10/15/20 at 3:56 pm to wwxww
quote:
Marital issues
Ah! Thanks!
I forgot he got divorced or separated or whatever.
Posted on 10/15/20 at 4:32 pm to DawgsLife
quote:
I'm not familiar with this. How does that work?
Well, I have not seen his contract but I assume it's very similar to Jim Harbaugh's deal. It's a cash value life insurance policy where the school pays for the policy. The insured (Jim or Ed or whomever) can take tax free "loans" out on the policy. As long as the loans and interest don't exceed the cash value and crash the policy.... then the money for who took it out is tax free and the loans plus interest would be paid with the death benefit at time of death.
A lot of corporations will compensate executives this way. It's a form of deferred compensation. Of course there is more details than I mentioned above, but that is the basics. You can google "Jim Harbaugh cash value life insurance" to get a full explanation in more detail.
Posted on 10/15/20 at 4:46 pm to DawgsLife
quote:
I'm not familiar with this. How does that work? I mean, other than his beneficiary getting money if he dies, how does that benefit him? (I'm sure I am misunderstanding the situation, thus the request for clarification)
Because it's probably a whole, not term, policy which means it has cash value. You can cash those out and pay taxes on them similar to a 401k. The cash value would be less than the face value but it's still a big chunk of change
This post was edited on 10/15/20 at 4:48 pm
Posted on 10/15/20 at 4:46 pm to PorkSammich
You’ll get no argument from Auburn fans. Most overpaid, mediocre coach in the NCAA.
Posted on 10/15/20 at 4:52 pm to PennyPacker
Ahhhhh! There's the explanation I was looking for! I know it took awhile to get all that down, but I really do appreciate your time and effort! Thanks!
Posted on 10/15/20 at 4:53 pm to lsufball19
quote:
Because it's probably a whole, not term, policy which means it has cash value. You can cash those out and pay taxes on them similar to a 401k. The cash value would be less than the face value but it's still a big chunk of change
Thanks to all the LSU fans that helped me understand. I realize on this board it's difficult to tell who is trolling and who has a genuine interest. Thanks for educating me on this!
Posted on 10/15/20 at 5:02 pm to V Bainbridge
quote:
TCU is still a member of the G5 if not for Patterson. They probably matched what he was offered to keep him
They're in the Big XII.
Although the Big XII can be mistaken for G5 schools
Posted on 10/15/20 at 5:05 pm to WilliamTaylor21
quote:
LSU paid Coach O $4M to win the National Championship.
Joe Brady, Joe Burrow, and an ensemble cast of one of the most talented teams of all time won a national title. Orgeron is Chizik and has now lost his edge since he’s captured a title and will never accomplish anything ever again.
He will be gone in 3 years
Posted on 10/15/20 at 5:18 pm to TheJimBrown7
quote:Hired by...
Joe Brady
quote:Recruited/signed by...
Joe Burrow
quote:Created by...
one of the most talented teams of all time
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Posted on 10/15/20 at 5:28 pm to PorkSammich
quote:
Jim Harbaugh $8.0M
Posted on 10/15/20 at 5:32 pm to WilliamTaylor21
Sorry buddy. You won with Les Miles and Urban Meyer’s players!
Posted on 10/15/20 at 5:34 pm to diddlydawg7
quote:
You won with Les Miles and Urban Meyer’s players!
...At least we won.
Posted on 10/15/20 at 5:35 pm to 19
quote:
...At least we won.
Posted on 10/15/20 at 5:37 pm to PorkSammich
quote:
Highest paid coaches via @USAToday:
Nick Saban $9.3M
Ed Orgeron $8.9M
0 is making a helluva lot more per win than Saban is.
Posted on 10/15/20 at 5:56 pm to chillmonster
quote:
How long . . .
That's not Gene Chizik.
Posted on 10/15/20 at 6:10 pm to PorkSammich
His success in the Iron Bowl is the only reason Gus gets paid that much. Auburn is spending a small fortune to be mediocre and sometimes beat Bama. They need to wise up and spend more of that money on Quarterbacks, like they did with Cam.
Posted on 10/15/20 at 6:14 pm to I let the dogs out
quote:Still mad that State couldn't pony up for Cam even with the discount, huh?
They need to wise up and spend more of that money on Quarterbacks, like they did with Cam.
Posted on 10/15/20 at 6:17 pm to PorkSammich
Now rank them by wins.
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