Crazy a$$ question I know

If Penny was offered the head coaching job now would he possibly work for free or a minimal salary?

Solves the whole "we can't fire our due to contract obligations"

Maybe if you cover his greens fees.

Maybe he'd do it for a Penny.

(04-07-2017 06:09 AM)Nobody4Prez Wrote:  Crazy a$$ question I know

If Penny was offered the head coaching job now would he possibly work for free or a minimal salary?

Solves the whole "we can't fire our due to contract obligations"

Let's look at the next 4 years from this point forward.

1) On the current path, we will pay Tubby about $12M during that time-period, plus his staff. Let's say $14M total.

2) Alternate path - Negotiate to buyout with Tubby for $6M. He has admitted that he didn't realize what he was getting into - the next couple of years won't be enjoyable. He might be happy to take $6M and be done with it.

3) Hire Penny for $500K/yr + $500K/year for the staff. Over 4 years, that is $4M. Combine this with the $6M Tubby buyout and we have spent $10M over this 4 year period...$4M less than the current path.

4) Assuming that Penny would be able to keep Lawsons and other high-profile Memphis players as a core, attendance and ticket revenue will be much higher under the Penny path. City would rally to make it work and support would soar. I am just going to make up a number and say that it's an increase of $3M/year or $12M over this 4-year period.

5) So over next 4 years, current path is going to cost $14M. Penny path would cost $10M and would generate $12M more. So, the Penny path comes out $16M AHEAD.

Can we afford NOT to do it?
(Granted, these are hypothetical numbers, but I think it would be hard to argue that they are not directionally correct. The Penny path would definitely result in more $$$ for the program. It would not cost more to make a change, it will cost more NOT to.)

(04-07-2017 06:44 AM)holyterror Wrote:  Maybe he'd do it for a Penny.

Smh

Come by and paint my house.

Why would anyone do something like that?

Do we really want to hate Penny if we hire him and things go badly?

(04-07-2017 06:15 AM)Seabee TIger Fan Wrote:  Maybe if you cover his greens fees.

With him it's club dues

(04-07-2017 07:50 AM)Bsquared-2 Wrote:  Do we really want to hate Penny if we hire him and things go badly?

The crux.

(04-07-2017 08:34 AM)holyterror Wrote:  

(04-07-2017 07:50 AM)Bsquared-2 Wrote:  Do we really want to hate Penny if we hire him and things go badly?

The crux.

That's really a lame Azz reason not to do it, it's also a terrible assumption to. This is the perfect time to make this move because at this low point anything Penny does from here on out can only be an improvement.

(04-07-2017 07:03 AM)hsvtiger Wrote:  

(04-07-2017 06:09 AM)Nobody4Prez Wrote:  Crazy a$$ question I know

If Penny was offered the head coaching job now would he possibly work for free or a minimal salary?

Solves the whole "we can't fire our due to contract obligations"

Let's look at the next 4 years from this point forward.

1) On the current path, we will pay Tubby about $12M during that time-period, plus his staff. Let's say $14M total.

2) Alternate path - Negotiate to buyout with Tubby for $6M. He has admitted that he didn't realize what he was getting into - the next couple of years won't be enjoyable. He might be happy to take $6M and be done with it.

3) Hire Penny for $500K/yr + $500K/year for the staff. Over 4 years, that is $4M. Combine this with the $6M Tubby buyout and we have spent $10M over this 4 year period...$4M less than the current path.

4) Assuming that Penny would be able to keep Lawsons and other high-profile Memphis players as a core, attendance and ticket revenue will be much higher under the Penny path. City would rally to make it work and support would soar. I am just going to make up a number and say that it's an increase of $3M/year or $12M over this 4-year period.

5) So over next 4 years, current path is going to cost $14M. Penny path would cost $10M and would generate $12M more. So, the Penny path comes out $16M AHEAD.

Can we afford NOT to do it?
(Granted, these are hypothetical numbers, but I think it would be hard to argue that they are not directionally correct. The Penny path would definitely result in more $$$ for the program. It would not cost more to make a change, it will cost more NOT to.)

I would pull Tubby into the office and inform him that we intend to reassign him into the athletic department and release his assistants and offer him a chance to seek another job or collect a check for nothing at the expense of his lifelong reputation. Then I would have Penny lined up to assume the position no matter which option he takes. I think Penny would jump at the opportunity in a second because I believe he is to much of a classy person to admit that he has been building up for this chance openly. Penny doesn't need the money and actually has given millions to the program, which leads me to think that he would absolutely take a minimal contract that's back loaded. I also think the Lawsons would return and Keelon would definitely become an assistant and

IF you're going to approach Penny about taking on this multi-million dollar struggling business, and work 365 days a year - I'd be embarrassed to ask him to do it for free or for $500k. You pay the going rate. You don't approach him about with a cost-cutter blue light special offer.

I don't know about Penny, but Tubby needs to refund every dime of that $3+ million for that waste of a season last year.

(04-07-2017 10:46 AM)HoopDreams Wrote:  I don't know about Penny, but Tubby needs to refund every dime of that $3+ million for that waste of a season last year.

Or refund a percentage. Refund for each game they weren't prepared.

Please make it stop

(04-07-2017 10:46 AM)HoopDreams Wrote:  I don't know about Penny, but Tubby needs to refund every dime of that $3+ million for that waste of a season last year.

Just have him put some in a paper bag to help with recruiting.

(04-07-2017 09:03 AM)Tigersmoke3 Wrote:  

(04-07-2017 08:34 AM)holyterror Wrote:  

(04-07-2017 07:50 AM)Bsquared-2 Wrote:  Do we really want to hate Penny if we hire him and things go badly?

The crux.

That's really a lame Azz reason not to do it, it's also a terrible assumption to. This is the perfect time to make this move because at this low point anything Penny does from here on out can only be an improvement.

I think it's a pretty good reason but that's just my opinion. He's unproven at the college level to me it feels like a coin flip whether or not it would work out. We all know how much pressure we put on our coaches to win. Do we really want to put that on probably our most beloved ex player and then if things go badly how does that make him feel about us? How does that make us feel about him? I get that it could work out and if it did would be awesome but these are my concerns. At least let him cut his teeth at a D1 school and see how he does there before we even consider it.

(04-07-2017 10:45 AM)Tiger87 Wrote:  IF you're going to approach Penny about taking on this multi-million dollar struggling business, and work 365 days a year - I'd be embarrassed to ask him to do it for free or for $500k. You pay the going rate. You don't approach him about with a cost-cutter blue light special offer.

I see your point but you must realize that Penny is a booster to the program anyway. His point of view is not like the average persons. He could find out how much it would cost to put the team back into big time accommodations, let's say 1mil then turn around and donate all but a penny of it back to the program. Boom! Take the charitable donation to save tax dollars on his "real money " then watch the media proclaim that Penny took a penny because of his priceless love for the University and program. Espn and the sports media will give the school and Penny 10mil worth of great pub for it. I'll garuantee you that Penny would triple his money from his Nike contract just off of :coffee3:that.