As everyone knows, JP will get $10.6M if he gets canned this year. After some research, that will mean that JP will receive the second largest "buyout" of any college coach in any sport.

The only guy to receive more money to go away? Charlie Weiss, who was paid a estimated $18.6M by Notre Dame to go away. Who's currently in second place? Bo Pellini who was paid $8M to leave Nebraska.

I say this to say, that he is not going anywhere. Not at least for another year.


Even though endowments aren't a good measure for athletic departments. They are decent indicator in donations that a school receives. Which possibly could be extrapolated to the amount of money a athletic depart receive in donation.

Endowments:
Notre Dame - $10billion
Nebraska - $1.6billion
Memphis - $218million

Simply put, we just dont have the money to make him go away. The big boosters either dont care about basketball, or will support Josh until his contract expires.

He'll be gone at the end of the year.

(02-05-2016 01:22 AM)450bench Wrote:  He'll be gone at the end of the year.

He needs to be gone in the morning.

(02-05-2016 01:22 AM)450bench Wrote:  He'll be gone at the end of the year.

Id like to say the same... But I just cant see the school/boosters coming up with that amount of money...

(02-05-2016 01:28 AM)muffinman Wrote:  

(02-05-2016 01:22 AM)450bench Wrote:  He'll be gone at the end of the year.

Id like to say the same... But I just cant see the school/boosters coming up with that amount of money...

I'll ask this because it keeps getting brought up- is there some sort of acceleration clause if we fire him? If not, don't we owe him the 10 over the lifetime of the contract whether he coaches or not? If there isn't, firing him does not cost anyone anymore money than keeping him (other than whatever the new coach makes)

all the money doesn't have to come at once.

Buyouts are paid over a several years and are negotiated.

(02-05-2016 01:35 AM)FORealTigerFan Wrote:  all the money doesn't have to come at once.

Buyouts are paid over a several years and are negotiated.

Then he should never be allowed back in the Forum without a ticket.

(02-05-2016 01:30 AM)bluecrew Wrote:  

(02-05-2016 01:28 AM)muffinman Wrote:  

(02-05-2016 01:22 AM)450bench Wrote:  He'll be gone at the end of the year.

Id like to say the same... But I just cant see the school/boosters coming up with that amount of money...

I'll ask this because it keeps getting brought up- is there some sort of acceleration clause if we fire him? If not, don't we owe him the 10 over the lifetime of the contract whether he coaches or not? If there isn't, firing him does not cost anyone anymore money than keeping him (other than whatever the new coach makes)

From what I know, which isnt much. Is that Memphis would just continue paying his contact as if he were coaching. We wouldnt owe him all $10.6M immediately.

However, you'd still by paying someone $10.6M (over 4 years) to someone that is not a employee of the school anymore, basically just to make him go away.

Technically your right, though. If JP was fired, the only additional expenses the University would have next year would by the new coach salary + whatever their buyout from the school you took them from is.

(02-05-2016 01:35 AM)FORealTigerFan Wrote:  all the money doesn't have to come at once.

Buyouts are paid over a several years and are negotiated.

True, but you still have to find donors willing to give you more money to fund the new coach. I don't know much about the Athletic departments finances, but my guess is that they dont have a extra million laying around. '

You're going to have to find a coach that is cheap, that can wait the 4 years until Josh's money becomes available again.

(02-05-2016 01:41 AM)muffinman Wrote:  

(02-05-2016 01:30 AM)bluecrew Wrote:  

(02-05-2016 01:28 AM)muffinman Wrote:  

(02-05-2016 01:22 AM)450bench Wrote:  He'll be gone at the end of the year.

Id like to say the same... But I just cant see the school/boosters coming up with that amount of money...

I'll ask this because it keeps getting brought up- is there some sort of acceleration clause if we fire him? If not, don't we owe him the 10 over the lifetime of the contract whether he coaches or not? If there isn't, firing him does not cost anyone anymore money than keeping him (other than whatever the new coach makes)

From what I know, which isnt much. Is that Memphis would just continue paying his contact as if he were coaching. We wouldnt owe him all $10.6M immediately.

However, you'd still by paying someone $10.6M (over 4 years) to someone that is not a employee of the school anymore, basically just to make him go away.

Technically your right, though. If JP was fired, the only additional expenses the University would have next year would by the new coach salary + whatever their buyout from the school you took them from is.

And with the right hire, you would increase revenue by $6-8 million per year. You would pay Josh $2M (negotiated) and Archie Miller $2.5M. At least $1.5M more left to subsidize football.

(02-05-2016 01:20 AM)muffinman Wrote:  As everyone knows, JP will get $10.6M if he gets canned this year. After some research, that will mean that JP will receive the second largest "buyout" of any college coach in any sport.

The only guy to receive more money to go away? Charlie Weiss, who was paid a estimated $18.6M by Notre Dame to go away. Who's currently in second place? Bo Pellini who was paid $8M to leave Nebraska.

I say this to say, that he is not going anywhere. Not at least for another year.


Even though endowments aren't a good measure for athletic departments. They are decent indicator in donations that a school receives. Which possibly could be extrapolated to the amount of money a athletic depart receive in donation.

Endowments:
Notre Dame - $10billion
Nebraska - $1.6billion
Memphis - $218million

Simply put, we just dont have the money to make him go away. The big boosters either dont care about basketball, or will support Josh until his contract expires.

He is gone and I bet you 10.6 million it happens.

(02-05-2016 01:35 AM)FORealTigerFan Wrote:  all the money doesn't have to come at once.

Buyouts are paid over a several years and are negotiated.

Correct. To me this is the part that some don't see. In order to get this contract at the time, the guys who actually pay his salary approved its language. There are were no hidden bombs. They have made their fortunes negotiating. Financially negotiating. This is no difference here in this situation. Their egos are not going to let this situation control them.
I beleive that they will negotiate a formal buyout arrangement and be done with it. The program can't take this experemt any longer.

He is gone. I am just interested how it will shake out.

Me too. I wonder how it will shake out.

All we need is for Bowen to go fullout passive aggressive and hire a BB coach that is very cheap and supremely undesirable. lol.

Cut the cord and let Damon serve as interim. As long as Pastner is coach, the Forum will be empty. At least we'll sell a few extra tix with him gone.

If necessary, cancel/delay the new basketball practice facility and use part of that money to buy out CJP. We really do not NEED that right now. At least not nearly as much as we need a new leader.

2nd most in history and the other two were big time football programs. As much as we would all like to see it, it's not going to happen at least until next year when this buyout is cut in half. We would have pay this extreme buyout then find a coach that is willing to work on the cheap. The money just isn't there and there is no way to rationalize it.

(02-05-2016 08:03 AM)hsvtiger Wrote:  If necessary, cancel/delay the new basketball practice facility and use part of that money to buy out CJP. We really do not NEED that right now. At least not nearly as much as we need a new leader.

That's the stupidest thing I've heard in a while...

(02-05-2016 08:34 AM)UofMemphis Wrote:  

(02-05-2016 08:03 AM)hsvtiger Wrote:  If necessary, cancel/delay the new basketball practice facility and use part of that money to buy out CJP. We really do not NEED that right now. At least not nearly as much as we need a new leader.

That's the stupidest thing I've heard in a while...

I imagine the vast majority of the funds for the facility were restricted donations to the facility, ala the school cannot take the funds and then just decide to use them for something else...

(02-05-2016 08:29 AM)HiTiger Wrote:  2nd most in history and the other two were big time football programs. As much as we would all like to see it, it's not going to happen at least until next year when this buyout is cut in half. We would have pay this extreme buyout then find a coach that is willing to work on the cheap. The money just isn't there and there is no way to rationalize it.

Actually, it would drop to roughly $8M next year.