tmoneyinmphs
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RE: Norvell Extension
Ucf got a $10 million buyout on new first time head coach josh heupel if he leaves before 2020. So if heupel had come here, the buyout is $500,000?
Imo, the big buyout favors the school so bravo to ucf.
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12-07-2017 12:17 PM |
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Tiger87
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RE: Norvell Extension
The buyout is also a product of how hot the coach is with other openings. Norvell and Fuente both had other possible suitors, so they had leverage to bring the buyout down. How many other schools were talking about Heupel?
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12-07-2017 02:58 PM |
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TiminMem23
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RE: Norvell Extension
(12-07-2017 02:58 PM)Tiger87 Wrote: The buyout is also a product of how hot the coach is with other openings. Norvell and Fuente both had other possible suitors, so they had leverage to bring the buyout down. How many other schools were talking about Heupel?
Bingo. If the coach has options, the school has no leverage. Heupel wasn't sought after like Fuente and Norvell.
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12-07-2017 03:00 PM |
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tmoneyinmphs
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RE: Norvell Extension
(12-07-2017 03:00 PM)TiminMem23 Wrote: (12-07-2017 02:58 PM)Tiger87 Wrote: The buyout is also a product of how hot the coach is with other openings. Norvell and Fuente both had other possible suitors, so they had leverage to bring the buyout down. How many other schools were talking about Heupel?
Bingo. If the coach has options, the school has no leverage. Heupel wasn't sought after like Fuente and Norvell.
Scott frost wasn't on the same level as fuente and norvell? As a former OC from oregon as well as other experience, scott frost's only option was ucf?
Can either of you name me a coach that we can compare to norvell's situation that can break their contract and only owe $500,000?
I'm having a hard time finding coaches with such a small buyout if the coach leaves for another job.
(This post was last modified: 12-07-2017 04:37 PM by tmoneyinmphs.)
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12-07-2017 04:35 PM |
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tigerjamesc
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RE: Norvell Extension
Is the buyout confirmed at 500k or are we just using that number?
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12-07-2017 04:39 PM |
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tmoneyinmphs
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RE: Norvell Extension
There is no info on changes on buyouts since the extension that i can find. I figure as usual with the u of m that it will come out months or a year later.
The old contract was paying 70% of norvell's contract if we terminate. Norvell would pay $500,000 to terminate it from his end. I did read somewhere that it increased 60,000 per year, but i'm not sure if that's correct.
(This post was last modified: 12-07-2017 04:45 PM by tmoneyinmphs.)
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12-07-2017 04:45 PM |
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memphisike
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RE: Norvell Extension
We gotta sign the Dude and keep rolling
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12-07-2017 10:00 PM |
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Tiger87
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RE: Norvell Extension
(12-07-2017 04:35 PM)tmoneyinmphs Wrote: (12-07-2017 03:00 PM)TiminMem23 Wrote: (12-07-2017 02:58 PM)Tiger87 Wrote: The buyout is also a product of how hot the coach is with other openings. Norvell and Fuente both had other possible suitors, so they had leverage to bring the buyout down. How many other schools were talking about Heupel?
Bingo. If the coach has options, the school has no leverage. Heupel wasn't sought after like Fuente and Norvell.
Scott frost wasn't on the same level as fuente and norvell? As a former OC from oregon as well as other experience, scott frost's only option was ucf?
Can either of you name me a coach that we can compare to norvell's situation that can break their contract and only owe $500,000?
I'm having a hard time finding coaches with such a small buyout if the coach leaves for another job.
This is a matter that is largely misunderstood and misreported. I'm not confident that there is any reliable info out there regarding buyouts. The confusion comes from whether we're talking about the school's cost to fire a coach, or how much a school gets when someone hires their coach. These items are always included in contracts, but they are not always mirroring tables.
For example, the link below says that Memphis gets $4M if someone hires Norvell. I doubt that's accurate. I think that's what it costs to fire Norvell. But it illustrates that - unless you read the contract yourself - you should not believe all the numbers that are reported on this subject.
Cost to hire a coach from another school
(This post was last modified: 12-08-2017 11:52 AM by Tiger87.)
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12-08-2017 11:51 AM |
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80sTiger
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RE: Norvell Extension
80sTiger @80sTiger
Dec 7
Would enjoy knowing the buyout. Suppose we'll have to wait for the FOIA on that ?
1 Reply
Mark Giannotto @mgiannotto
Following @mgiannotto
Replying to @80sTiger
Yep. My open records request is already in. I don't expect the buyout changed much, if at all.
8:28 AM - 7 Dec 2017
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12-08-2017 11:54 AM |
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BinghamptonNed
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RE: Norvell Extension
With all the talk of how much the buyout is for our coaches I have to ask:
Do the people asking get a cut of the buyout?
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12-08-2017 01:58 PM |
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tmoneyinmphs
Mt.org's DJ wannabe
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RE: Norvell Extension
(12-08-2017 11:54 AM)80sTiger Wrote: 80sTiger @80sTiger
Dec 7
Would enjoy knowing the buyout. Suppose we'll have to wait for the FOIA on that ?
1 Reply
Mark Giannotto @mgiannotto
Following @mgiannotto
Replying to @80sTiger
Yep. My open records request is already in. I don't expect the buyout changed much, if at all.
8:28 AM - 7 Dec 2017
That's what i figured would have to happen first. If the u of m isn't releasing it, it probably didn't change. If they had a choice, it wouldn't ever be known.
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12-08-2017 02:09 PM |
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tmoneyinmphs
Mt.org's DJ wannabe
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RE: Norvell Extension
(12-08-2017 11:51 AM)Tiger87 Wrote: (12-07-2017 04:35 PM)tmoneyinmphs Wrote: (12-07-2017 03:00 PM)TiminMem23 Wrote: (12-07-2017 02:58 PM)Tiger87 Wrote: The buyout is also a product of how hot the coach is with other openings. Norvell and Fuente both had other possible suitors, so they had leverage to bring the buyout down. How many other schools were talking about Heupel?
Bingo. If the coach has options, the school has no leverage. Heupel wasn't sought after like Fuente and Norvell.
Scott frost wasn't on the same level as fuente and norvell? As a former OC from oregon as well as other experience, scott frost's only option was ucf?
Can either of you name me a coach that we can compare to norvell's situation that can break their contract and only owe $500,000?
I'm having a hard time finding coaches with such a small buyout if the coach leaves for another job.
This is a matter that is largely misunderstood and misreported. I'm not confident that there is any reliable info out there regarding buyouts. The confusion comes from whether we're talking about the school's cost to fire a coach, or how much a school gets when someone hires their coach. These items are always included in contracts, but they are not always mirroring tables.
For example, the link below says that Memphis gets $4M if someone hires Norvell. I doubt that's accurate. I think that's what it costs to fire Norvell. But it illustrates that - unless you read the contract yourself - you should not believe all the numbers that are reported on this subject.
Cost to hire a coach from another school
(12-07-2017 04:45 PM)tmoneyinmphs Wrote: There is no info on changes on buyouts since the extension that i can find. I figure as usual with the u of m that it will come out months or a year later.
The old contract was paying 70% of norvell's contract if we terminate. Norvell would pay $500,000 to terminate it from his end. I did read somewhere that it increased 60,000 per year, but i'm not sure if that's correct.
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12-08-2017 02:12 PM |
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