Another Coach might Get Bought Out

[phelanma]

Saw on Zags that Oklahoma State was looking at buying out Travis Ford. I know they are a much bigger school so they can eat the reported amount ($9.6M) much better than SHU, but seriously Ford has done more than Willard yet Willard gets to keep his job.

The Troubled Times of Seton Hall Men's Basketball!

 

[deheremike]

Everyone outside of Jordan at Rutgers has outdone Kevin. Hell, even USF got rid of Stan Heath a few years ago and he was the first guy in 20 years to get them to the tournament.

USF is definitely on the right path after making the move, and sadly I just wish that Seton Hall was already on that path to turning it around with a young coach.

 

[SjVal]

Schools rarely pay a coaches buyout by themselves. Most of the time it is the boosters of the school that pay most if not all of the buyout.

Unless you have called Seton Hall and pledged $x towards Willard's buyout you need to stop complaining. Willard would need to be bought out, the new coach would need to be bought out and then the new coach will need to be paid, that's a lot for a small school like Seton Hall to pick up at once which is why it is on the boosters to pick up a lot of that tab.

 

[Pirate6711]

Originally posted by phelanma:
Saw on Zags that Oklahoma State was looking at buying out Travis Ford. I know they are a much bigger school so they can eat the reported amount ($9.6M) much better than SHU, but seriously Ford has done more than Willard yet Willard gets to keep his job.

The Troubled Times of Seton Hall Men's Basketball!

When you're school's primary donor is worth nearly a billion dollars, dropping that much for a buyout is nothing. Seton Hall doesn't have a donor near that.

 

[Shuathelete]

I guess making the tournament isnt even the standard for teams anymore. Meanwhile SHU praises their coach for not having a team loaded with criminals.

Willard took over a team that had no where to go but up, and he somehow found a way to go down...impressive almost.

 

[TomD82]

The buyout is $9.6M because that is what OSU would owe Ford under the remainder of the 10 year contract they gave him.
If Willard got the contract extension as has been rumored that might explain why there is a $3.4M " buyout" for him.

There is so much misconception of coaches buyout here and the article on Alford of UCLA even states how unusual it is for the school to have to pay a similar buyout amount if the coach is fired.


http://newsok.com/oklahoma-state-basketball-sources-say-osu-considering-buyout-of-mens-basketball-coach-travis-ford/article/5405976


http://articles.latimes.com/2013/jul/09/sports/la-sp-0709-steve-alford-20130709-30

 

[JIMSOULS]

Originally posted by TomD82:
The buyout is $9.6M because that is what OSU would owe Ford under the remainder of the 10 year contract they gave him.
If Willard got the contract extension as has been rumored that might explain why there is a $3.4M " buyout" for him.

There is so much misconception of coaches buyout here and the article on Alford of UCLA even states how unusual it is for the school to have to pay a similar buyout amount if the coach is fired.

From the Alford link:

UCLA is providing Alford two BMWs, a country club membership and a discounted home loan and will cover the cost of his wife's travel to out-of-town basketball events. Alford is required to use only apparel provided to UCLA, which currently has a contract with Adidas.

Amazing and disgusting. I wonder what kind of perks UCLA gives to its professors. Maybe a $50 Christmas bonus? To paraphrase Waylon Jennings, this college coaching thing done got out of hand.

 

[HALL28]

Originally posted by SjVal:
Schools rarely pay a coaches buyout by themselves. Most of the time it is the boosters of the school that pay most if not all of the buyout.

Unless you have called Seton Hall and pledged $x towards Willard's buyout you need to stop complaining. Willard would need to be bought out, the new coach would need to be bought out and then the new coach will need to be paid, that's a lot for a small school like Seton Hall to pick up at once which is why it is on the boosters to pick up a lot of that tab.

If we can't afford to move on from a coach who is 30-60 coming off the type of season that gets 9 out of 10 coaches in D1 basketball fired, then we should just stop pretending and move to the MAAC.

SHU obviously does not have big enough donors or the ones who are at that level are not getting the point across. Or the administration is simply ignoring them. All we can do here is guess, since no local reporter cares to dig into the obvious questions...

what are the terms of his contract?
when was it signed?
who negotiated it? lyons, hobbs, both?
what is the amount of the buyout?
was firing willard considered?
if not, how is that even possible?
did willard speak with holy cross?

 

[knowknow456]

Here is the subtitle to the Oklahoman article linked by TomD



The cost of firing Ford: at least $9.6 million - the full remainder owed from a 10-year contract extension given to the coach in September of 2009.

Someone thought this was a good idea? Our problems are not unique to us.

 

[hallgrad80]

As I keep reading story after story of schools being forced to pay excessively large buyouts to get rid of an underperforming coach or worse keeping that coach on because the buyout is too large ( and believe me we're not the only school in that position) I keep asking myself what the hell are these schools thinking. Let me give you an example. My granddaughter is a senior at UVA and their fans want badly to get rid of their football coach and have for at least three years yet he will be returning for his sixth year because his buyout would be $5.9 million and UVA doesn't want to eat that buyout. This is a coach in his 5 years at UVA who has an overall record of 23-38 and a conference record of 11-29.

So don't think we're unique and at the end of every football or basketball season the stories talking about buying out a failed coach arise again and I can only ask why haven't the schools who find themselves in that position not have learned from the past experience of other schools . It's never been a secret, it's always draws a lot of media attention and yet school after school keeps making the same mistakes over and over. Maybe SPK should hold an annual class for AD's called " How not to write a contract and give away the bank." LOL

 

[Bobbie Solo]

Originally posted by JIMSOULS:

Amazing and disgusting. I wonder what kind of perks UCLA gives to its professors. Maybe a $50 Christmas bonus? To paraphrase Waylon Jennings, this college coaching thing done got out of hand.

Yep. We keep going farther farther in one direction with college football & bball: bigger TV contracts, more $ for coaches, and now more $ for players. That is not the right answer. Yeah it's probably pie in the sky at this point, but a big way to solve the problems in the sport is to take alot of the $ out of it. Smaller TV contracts both in scope & $, caps to coaching salaries, etc. Sadly , we know this isn't likely any time soon. Maybe when the bubble bursts for colleges in terms of tuition, etc that wil have some spill over to athletics.

 

[Pirate6711]

Originally posted by knowknow456:

Here is the subtitle to the Oklahoman article linked by TomD



The cost of firing Ford: at least $9.6 million - the full remainder owed from a 10-year contract extension given to the coach in September of 2009.

Someone thought this was a good idea? Our problems are not unique to us.

T. Boone Pickens has spoken and Travis Ford will remain the coach.

 

[JIMSOULS]

Originally posted by Bobbie Solo:

Originally posted by JIMSOULS:

Amazing and disgusting. I wonder what kind of perks UCLA gives to its professors. Maybe a $50 Christmas bonus? To paraphrase Waylon Jennings, this college coaching thing done got out of hand.

Yep. We keep going farther farther in one direction with college football & bball: bigger TV contracts, more $ for coaches, and now more $ for players. That is not the right answer. Yeah it's probably pie in the sky at this point, but a big way to solve the problems in the sport is to take alot of the $ out of it. Smaller TV contracts both in scope & $, caps to coaching salaries, etc. Sadly , we know this isn't likely any time soon. Maybe when the bubble bursts for colleges in terms of tuition, etc that wil have some spill over to athletics.

The thing I don't get is this: If these schools are making so much money off sports that they can afford to overpay coaches, then why is the cost of a college education going up? It should be going down, shouldn't it?

 

[Section112]

Originally posted by JIMSOULS:

Originally posted by Bobbie Solo:

Originally posted by JIMSOULS:

Amazing and disgusting. I wonder what kind of perks UCLA gives to its professors. Maybe a $50 Christmas bonus? To paraphrase Waylon Jennings, this college coaching thing done got out of hand.

Yep. We keep going farther farther in one direction with college football & bball: bigger TV contracts, more $ for coaches, and now more $ for players. That is not the right answer. Yeah it's probably pie in the sky at this point, but a big way to solve the problems in the sport is to take alot of the $ out of it. Smaller TV contracts both in scope & $, caps to coaching salaries, etc. Sadly , we know this isn't likely any time soon. Maybe when the bubble bursts for colleges in terms of tuition, etc that wil have some spill over to athletics.

The thing I don't get is this: If these schools are making so much money off sports that they can afford to overpay coaches, then why is the cost of a college education going up? It should be going down, shouldn't it?

Education and college sports have nothing to do with each other. Financially it has become completely ridiculous.

 

[JIMSOULS]

Then get rid of college sports, because it apparently serves no meaningful purpose. Scholarships to 13 kids just because they can play basketball, while other kids and their families must scrimp and save to pay for an education? You want ridiculous? Well there it is.

 

[SPK145]

Originally posted by JIMSOULS:

Then get rid of college sports, because it apparently serves no meaningful purpose. Scholarships to 13 kids just because they can play basketball, while other kids and their families must scrimp and save to pay for an education? You want ridiculous? Well there it is.

It sure is but we are all part of the problem.

 

[sportsfantatic44]

The AD came out last night and said Ford will be back next season. Why do these schools negotiate these idiotic contracts? 9.6 million to buy him out as asinine.

Anybody know where our AD is? Witness protection program still?