BullsFanInTX
Hall of Famer
Posts: 10,485
Joined: May 2008
Reputation: 338
I Root For: USF
Location:
|
Charlie Strong USF contract
According to Joey Knight of the Tampa Bay Times, Strong will be paid about 10M over 5 years (9.8M to be exact), but here's the interesting part. USF backloaded the deal to take advantage of the payments owed to Strong by Texas. USF is only paying him 1M the first 2 years (Texas owes him 5M a year for 2 years), and then when the Texas payments stop, USF is paying him almost 8M over the final 3 years of contract, at an average of 2.6M per year.
Strong also has a big buyout of 2.5M if he leaves soon, going down to 1.7 in time (Willie Taggart's buyout was 1.7M.
Strong is going to be making serious cash from USF if he stays for years 3-5.
Joey Knight @TBTimes_Bulls · 29m29 minutes ago
BREAKING: Charlie Strong's #USF salary -- 5 years, $9.8 million. First 2 years is $1 million annually (500K base + other compensation)
Joey Knight @TBTimes_Bulls · 27m27 minutes ago
Per Strong contract, assistant salary pool starts at $1.66 million, grows to $3.4 million by Years 4 and 5 #USF
Joey Knight @TBTimes_Bulls · 25m25 minutes ago
If Strong leaves #USF, buyout starts at $2.5 million through Dec. 31, 2017. Ultimately dwindles to $1.7 million
Joey Knight @TBTimes_Bulls · 8m8 minutes ago
In Year 3 of deal, after Texas' buyout obligations expire, Strong's salary jumps to $2.5 million.
|
|
12-13-2016 11:49 AM |
|
Insane_Baboon
1st String
Posts: 1,669
Joined: Feb 2014
Reputation: 52
I Root For: VT & UCF
Location:
|
RE: Charlie Strong USF contract
Quote:Per Strong contract, assistant salary pool starts at $1.66 million
That doesn't seem very competitive.
Looking at 2016's numbers:
Houston- $2.4MM
Memphis- $2.1MM
Cincinnati- $2.1MM
UCF- $2.1MM
USF- $1.9MM
UConn- $1.9MM
ECU- $1.7MM
(This post was last modified: 12-13-2016 12:07 PM by Insane_Baboon.)
|
|
12-13-2016 12:04 PM |
|
BullsFanInTX
Hall of Famer
Posts: 10,485
Joined: May 2008
Reputation: 338
I Root For: USF
Location:
|
RE: Charlie Strong USF contract
(12-13-2016 12:04 PM)Insane_Baboon Wrote: Quote:Per Strong contract, assistant salary pool starts at $1.66 million
That doesn't seem very competitive.
Looking at 2016's numbers:
Houston- $2.4MM
Memphis- $2.1MM
Cincinnati- $2.1MM
UCF- $2.1MM
USF- $1.9MM
UConn- $1.9MM
ECU- $1.7MM
Don't let that fool you. It's very competitive. They are backloaded like Strong's contract. Strong is bringing Texas assistants also, who have buyouts like Strong did. Goes up to 3.4M.
By the way, Taggart's assistant pool was 2.4 Million (would have went up to 2.6M next year), not 1.9M. Do you really think they are going to have less overall money (from all sources) than the 2.6 that Taggart had? No. If your numbers are correct, USF had the largest assistant salary pool in the AAC.
http://www.tbo.com/sports/colleges/usf-b...-20151221/
There is a $2.4 million salary pool available to USF’s assistant coaches (the pool was $1.9 million in Taggart’s original contract). An additional $100,000 will be available next July 1. The assistant’s salary pool graduates to $2.6 million on Jan. 1, 2017, and increases by $100,000 at the start of each year.
(This post was last modified: 12-13-2016 12:18 PM by BullsFanInTX.)
|
|
12-13-2016 12:12 PM |
|
knightastic
1st String
Posts: 1,768
Joined: May 2010
Reputation: 37
I Root For: UCF Knights
Location:
|
RE: Charlie Strong USF contract
so if he doesn't live up to the hype USF is going to be in the red
|
|
12-13-2016 12:18 PM |
|
SuperFlyBCat
Banned
Posts: 49,583
Joined: Mar 2005
I Root For: America and UC
Location: Cincinnati
|
RE: Charlie Strong USF contract
(12-13-2016 11:49 AM)BullsFanInTX Wrote: According to Joey Knight of the Tampa Bay Times, Strong will be paid about 10M over 5 years (9.8M to be exact), but here's the interesting part. USF backloaded the deal to take advantage of the payments owed to Strong by Texas. USF is only paying him 1M the first 2 years (Texas owes him 5M a year for 2 years), and then when the Texas payments stop, USF is paying him almost 8M over the final 3 years of contract, at an average of 2.6M per year.
Strong also has a big buyout of 2.5M if he leaves soon, going down to 1.7 in time (Willie Taggart's buyout was 1.7M.
Strong is going to be making serious cash from USF if he stays for years 3-5.
Joey Knight @TBTimes_Bulls · 29m29 minutes ago
BREAKING: Charlie Strong's #USF salary -- 5 years, $9.8 million. First 2 years is $1 million annually (500K base + other compensation)
Joey Knight @TBTimes_Bulls · 27m27 minutes ago
Per Strong contract, assistant salary pool starts at $1.66 million, grows to $3.4 million by Years 4 and 5 #USF
Joey Knight @TBTimes_Bulls · 25m25 minutes ago
If Strong leaves #USF, buyout starts at $2.5 million through Dec. 31, 2017. Ultimately dwindles to $1.7 million
Joey Knight @TBTimes_Bulls · 8m8 minutes ago
In Year 3 of deal, after Texas' buyout obligations expire, Strong's salary jumps to $2.5 million.
I would have paid him a dollar year 1 and a dollar year 2 and let Texas pay what they owe him.
|
|
12-13-2016 12:21 PM |
|
Wilkie01
Cards Prognosticater
Posts: 26,753
Joined: Mar 2004
Reputation: 1072
I Root For: Louisville
Location: Planet Red
|
RE: Charlie Strong USF contract
(12-13-2016 11:49 AM)BullsFanInTX Wrote: According to Joey Knight of the Tampa Bay Times, Strong will be paid about 10M over 5 years (9.8M to be exact), but here's the interesting part. USF backloaded the deal to take advantage of the payments owed to Strong by Texas. USF is only paying him 1M the first 2 years (Texas owes him 5M a year for 2 years), and then when the Texas payments stop, USF is paying him almost 8M over the final 3 years of contract, at an average of 2.6M per year.
Strong also has a big buyout of 2.5M if he leaves soon, going down to 1.7 in time (Willie Taggart's buyout was 1.7M.
Strong is going to be making serious cash from USF if he stays for years 3-5.
Joey Knight @TBTimes_Bulls · 29m29 minutes ago
BREAKING: Charlie Strong's #USF salary -- 5 years, $9.8 million. First 2 years is $1 million annually (500K base + other compensation)
Joey Knight @TBTimes_Bulls · 27m27 minutes ago
Per Strong contract, assistant salary pool starts at $1.66 million, grows to $3.4 million by Years 4 and 5 #USF
Joey Knight @TBTimes_Bulls · 25m25 minutes ago
If Strong leaves #USF, buyout starts at $2.5 million through Dec. 31, 2017. Ultimately dwindles to $1.7 million
Joey Knight @TBTimes_Bulls · 8m8 minutes ago
In Year 3 of deal, after Texas' buyout obligations expire, Strong's salary jumps to $2.5 million.
He will be gone in two years.
|
|
12-13-2016 12:26 PM |
|
Bear
Special Teams
Posts: 578
Joined: Aug 2014
Reputation: 20
I Root For: USF
Location:
|
RE: Charlie Strong USF contract
This is an amazing deal. Texas is covering the brunt of the costs (up front)....
Strong is technically the HIGHEST paid coach in the AAC.
The contract is backloaded -- couldn't have asked for a better deal myself
|
|
12-13-2016 12:31 PM |
|
BullsFanInTX
Hall of Famer
Posts: 10,485
Joined: May 2008
Reputation: 338
I Root For: USF
Location:
|
RE: Charlie Strong USF contract
(12-13-2016 12:26 PM)Wilkie01 Wrote: (12-13-2016 11:49 AM)BullsFanInTX Wrote: According to Joey Knight of the Tampa Bay Times, Strong will be paid about 10M over 5 years (9.8M to be exact), but here's the interesting part. USF backloaded the deal to take advantage of the payments owed to Strong by Texas. USF is only paying him 1M the first 2 years (Texas owes him 5M a year for 2 years), and then when the Texas payments stop, USF is paying him almost 8M over the final 3 years of contract, at an average of 2.6M per year.
Strong also has a big buyout of 2.5M if he leaves soon, going down to 1.7 in time (Willie Taggart's buyout was 1.7M.
Strong is going to be making serious cash from USF if he stays for years 3-5.
Joey Knight @TBTimes_Bulls · 29m29 minutes ago
BREAKING: Charlie Strong's #USF salary -- 5 years, $9.8 million. First 2 years is $1 million annually (500K base + other compensation)
Joey Knight @TBTimes_Bulls · 27m27 minutes ago
Per Strong contract, assistant salary pool starts at $1.66 million, grows to $3.4 million by Years 4 and 5 #USF
Joey Knight @TBTimes_Bulls · 25m25 minutes ago
If Strong leaves #USF, buyout starts at $2.5 million through Dec. 31, 2017. Ultimately dwindles to $1.7 million
Joey Knight @TBTimes_Bulls · 8m8 minutes ago
In Year 3 of deal, after Texas' buyout obligations expire, Strong's salary jumps to $2.5 million.
He will be gone in two years.
Don't be so sure. His wife is from the Tampa Bay area, and word has it, that was a deciding factor for him. Other reports stated he was looking for somewhere to be long term, in other words, a final job.
|
|
12-13-2016 12:32 PM |
|
BullsFanInTX
Hall of Famer
Posts: 10,485
Joined: May 2008
Reputation: 338
I Root For: USF
Location:
|
RE: Charlie Strong USF contract
(12-13-2016 12:31 PM)Bear Wrote: This is an amazing deal. Texas is covering the brunt of the costs (up front)....
Strong is technically the HIGHEST paid coach in the AAC.
The contract is backloaded -- couldn't have asked for a better deal myself
USF put the screws to Texas. I hope this doesn't affect any future negotiations with Texas/Big 12, should they decide to expand. "We're not going to add USF because they lowballed Strong's contract for the first 2 years and screwed Texas out of millions".
|
|
12-13-2016 12:33 PM |
|
Insane_Baboon
1st String
Posts: 1,669
Joined: Feb 2014
Reputation: 52
I Root For: VT & UCF
Location:
|
RE: Charlie Strong USF contract
(12-13-2016 12:12 PM)BullsFanInTX Wrote: (12-13-2016 12:04 PM)Insane_Baboon Wrote: Quote:Per Strong contract, assistant salary pool starts at $1.66 million
That doesn't seem very competitive.
Looking at 2016's numbers:
Houston- $2.4MM
Memphis- $2.1MM
Cincinnati- $2.1MM
UCF- $2.1MM
USF- $1.9MM
UConn- $1.9MM
ECU- $1.7MM
Don't let that fool you. It's very competitive. They are backloaded like Strong's contract. Strong is bringing Texas assistants also, who have buyouts like Strong did. Goes up to 3.4M.
By the way, Taggart's assistant pool was 2.4 Million (would have went up to 2.6M next year), not 1.9M. Do you really think they are going to have less overall money (from all sources) than the 2.6 that Taggart had? No. If your numbers are correct, USF had the largest assistant salary pool in the AAC.
http://www.tbo.com/sports/colleges/usf-b...-20151221/
There is a $2.4 million salary pool available to USF’s assistant coaches (the pool was $1.9 million in Taggart’s original contract). An additional $100,000 will be available next July 1. The assistant’s salary pool graduates to $2.6 million on Jan. 1, 2017, and increases by $100,000 at the start of each year.
I was just going off the numbers here http://sports.usatoday.com/ncaa/salaries.../assistant
The far right column is the total assistant pay.
|
|
12-13-2016 12:35 PM |
|
BullsFanInTX
Hall of Famer
Posts: 10,485
Joined: May 2008
Reputation: 338
I Root For: USF
Location:
|
RE: Charlie Strong USF contract
(12-13-2016 12:35 PM)Insane_Baboon Wrote: (12-13-2016 12:12 PM)BullsFanInTX Wrote: (12-13-2016 12:04 PM)Insane_Baboon Wrote: Quote:Per Strong contract, assistant salary pool starts at $1.66 million
That doesn't seem very competitive.
Looking at 2016's numbers:
Houston- $2.4MM
Memphis- $2.1MM
Cincinnati- $2.1MM
UCF- $2.1MM
USF- $1.9MM
UConn- $1.9MM
ECU- $1.7MM
Don't let that fool you. It's very competitive. They are backloaded like Strong's contract. Strong is bringing Texas assistants also, who have buyouts like Strong did. Goes up to 3.4M.
By the way, Taggart's assistant pool was 2.4 Million (would have went up to 2.6M next year), not 1.9M. Do you really think they are going to have less overall money (from all sources) than the 2.6 that Taggart had? No. If your numbers are correct, USF had the largest assistant salary pool in the AAC.
http://www.tbo.com/sports/colleges/usf-b...-20151221/
There is a $2.4 million salary pool available to USF’s assistant coaches (the pool was $1.9 million in Taggart’s original contract). An additional $100,000 will be available next July 1. The assistant’s salary pool graduates to $2.6 million on Jan. 1, 2017, and increases by $100,000 at the start of each year.
I was just going off the numbers here http://sports.usatoday.com/ncaa/salaries.../assistant
The far right column is the total assistant pay.
OK. Taggart's pool was upped to 2.4 Mil before last year under terms of his renegotiated contract.
|
|
12-13-2016 12:39 PM |
|
Insane_Baboon
1st String
Posts: 1,669
Joined: Feb 2014
Reputation: 52
I Root For: VT & UCF
Location:
|
RE: Charlie Strong USF contract
(12-13-2016 12:39 PM)BullsFanInTX Wrote: (12-13-2016 12:35 PM)Insane_Baboon Wrote: (12-13-2016 12:12 PM)BullsFanInTX Wrote: (12-13-2016 12:04 PM)Insane_Baboon Wrote: Quote:Per Strong contract, assistant salary pool starts at $1.66 million
That doesn't seem very competitive.
Looking at 2016's numbers:
Houston- $2.4MM
Memphis- $2.1MM
Cincinnati- $2.1MM
UCF- $2.1MM
USF- $1.9MM
UConn- $1.9MM
ECU- $1.7MM
Don't let that fool you. It's very competitive. They are backloaded like Strong's contract. Strong is bringing Texas assistants also, who have buyouts like Strong did. Goes up to 3.4M.
By the way, Taggart's assistant pool was 2.4 Million (would have went up to 2.6M next year), not 1.9M. Do you really think they are going to have less overall money (from all sources) than the 2.6 that Taggart had? No. If your numbers are correct, USF had the largest assistant salary pool in the AAC.
http://www.tbo.com/sports/colleges/usf-b...-20151221/
There is a $2.4 million salary pool available to USF’s assistant coaches (the pool was $1.9 million in Taggart’s original contract). An additional $100,000 will be available next July 1. The assistant’s salary pool graduates to $2.6 million on Jan. 1, 2017, and increases by $100,000 at the start of each year.
I was just going off the numbers here http://sports.usatoday.com/ncaa/salaries.../assistant
The far right column is the total assistant pay.
OK. Taggart's pool was upped to 2.4 Mil before last year under terms of his renegotiated contract.
Well then the whole list is suspect, so just ignore what I said
|
|
12-13-2016 12:40 PM |
|
Cubanbull
Hall of Famer
Posts: 22,617
Joined: May 2002
Reputation: 392
I Root For:
Location:
|
RE: Charlie Strong USF contract
I like it. Texas didnt give Houston any breaks regarding their 2.5 million buy out for Herman and they certainty didnt help us in the Big12 expansion fiasco. So they can afford to pay Strong 8 million over two years
(This post was last modified: 12-13-2016 01:04 PM by Cubanbull.)
|
|
12-13-2016 12:49 PM |
|
BullsFanInTX
Hall of Famer
Posts: 10,485
Joined: May 2008
Reputation: 338
I Root For: USF
Location:
|
RE: Charlie Strong USF contract
Brett McMurphy @McMurphyESPN · 1h1 hour ago
Charlie Strong’s 5-year deal at USF worth $9.8 million; $1 million each of 1st 2 years; $2.5M in 2019, $2.6M in 2020, $2.7M in 2021
Brett McMurphy @McMurphyESPN · 1h1 hour ago
USF very smart in back-loading Charle Strong’s contract: Only $2M total 1st 2 years; $7.8 total last 3 years
|
|
12-13-2016 12:53 PM |
|
Kronke
Banned
Posts: 29,379
Joined: Apr 2010
I Root For: Arsenal / StL
Location: Missouri
|
RE: Charlie Strong USF contract
Smart to take advantage of UT, and pay him a menial base salary the first 2 years. Should have made it $1, but $500k is good enough.
$2.5 million is not a big buyout.
|
|
12-13-2016 01:09 PM |
|
otown
All American
Posts: 4,194
Joined: May 2013
Reputation: 257
I Root For: Florida
Location:
|
RE: Charlie Strong USF contract
(12-13-2016 12:21 PM)SuperFlyBCat Wrote: (12-13-2016 11:49 AM)BullsFanInTX Wrote: According to Joey Knight of the Tampa Bay Times, Strong will be paid about 10M over 5 years (9.8M to be exact), but here's the interesting part. USF backloaded the deal to take advantage of the payments owed to Strong by Texas. USF is only paying him 1M the first 2 years (Texas owes him 5M a year for 2 years), and then when the Texas payments stop, USF is paying him almost 8M over the final 3 years of contract, at an average of 2.6M per year.
Strong also has a big buyout of 2.5M if he leaves soon, going down to 1.7 in time (Willie Taggart's buyout was 1.7M.
Strong is going to be making serious cash from USF if he stays for years 3-5.
Joey Knight @TBTimes_Bulls · 29m29 minutes ago
BREAKING: Charlie Strong's #USF salary -- 5 years, $9.8 million. First 2 years is $1 million annually (500K base + other compensation)
Joey Knight @TBTimes_Bulls · 27m27 minutes ago
Per Strong contract, assistant salary pool starts at $1.66 million, grows to $3.4 million by Years 4 and 5 #USF
Joey Knight @TBTimes_Bulls · 25m25 minutes ago
If Strong leaves #USF, buyout starts at $2.5 million through Dec. 31, 2017. Ultimately dwindles to $1.7 million
Joey Knight @TBTimes_Bulls · 8m8 minutes ago
In Year 3 of deal, after Texas' buyout obligations expire, Strong's salary jumps to $2.5 million.
I would have paid him a dollar year 1 and a dollar year 2 and let Texas pay what they owe him.
im sure that would have led to a lawsuit
(This post was last modified: 12-13-2016 04:18 PM by otown.)
|
|
12-13-2016 01:13 PM |
|
Bull
Heisman
Posts: 5,374
Joined: Mar 2011
Reputation: 397
I Root For: USF and the AAC!
Location:
|
RE: Charlie Strong USF contract
(12-13-2016 12:26 PM)Wilkie01 Wrote: (12-13-2016 11:49 AM)BullsFanInTX Wrote: According to Joey Knight of the Tampa Bay Times, Strong will be paid about 10M over 5 years (9.8M to be exact), but here's the interesting part. USF backloaded the deal to take advantage of the payments owed to Strong by Texas. USF is only paying him 1M the first 2 years (Texas owes him 5M a year for 2 years), and then when the Texas payments stop, USF is paying him almost 8M over the final 3 years of contract, at an average of 2.6M per year.
Strong also has a big buyout of 2.5M if he leaves soon, going down to 1.7 in time (Willie Taggart's buyout was 1.7M.
Strong is going to be making serious cash from USF if he stays for years 3-5.
Joey Knight @TBTimes_Bulls · 29m29 minutes ago
BREAKING: Charlie Strong's #USF salary -- 5 years, $9.8 million. First 2 years is $1 million annually (500K base + other compensation)
Joey Knight @TBTimes_Bulls · 27m27 minutes ago
Per Strong contract, assistant salary pool starts at $1.66 million, grows to $3.4 million by Years 4 and 5 #USF
Joey Knight @TBTimes_Bulls · 25m25 minutes ago
If Strong leaves #USF, buyout starts at $2.5 million through Dec. 31, 2017. Ultimately dwindles to $1.7 million
Joey Knight @TBTimes_Bulls · 8m8 minutes ago
In Year 3 of deal, after Texas' buyout obligations expire, Strong's salary jumps to $2.5 million.
He will be gone in two years.
I love these 'crystal ball' posts...
If he's gone in year two, it will be because we won big. I'll take that. If he is still building, he stays.
|
|
12-13-2016 02:08 PM |
|
Bull
Heisman
Posts: 5,374
Joined: Mar 2011
Reputation: 397
I Root For: USF and the AAC!
Location:
|
RE: Charlie Strong USF contract
(12-13-2016 12:49 PM)Cubanbull Wrote: I like it. Texas didnt give Houston any breaks regarding their 2.5 million buy out for Herman and they certainty didnt help us in the Big12 expansion fiasco. So they can afford to pay Strong 8 million over two years
Heck yeah... Let UT pay part of our coaches salary for a few years. Lord knows we've been paying part of LaTech's coach's salary.
|
|
12-13-2016 02:11 PM |
|
Bear
Special Teams
Posts: 578
Joined: Aug 2014
Reputation: 20
I Root For: USF
Location:
|
RE: Charlie Strong USF contract
(12-13-2016 12:33 PM)BullsFanInTX Wrote: (12-13-2016 12:31 PM)Bear Wrote: This is an amazing deal. Texas is covering the brunt of the costs (up front)....
Strong is technically the HIGHEST paid coach in the AAC.
The contract is backloaded -- couldn't have asked for a better deal myself
USF put the screws to Texas. I hope this doesn't affect any future negotiations with Texas/Big 12, should they decide to expand. "We're not going to add USF because they lowballed Strong's contract for the first 2 years and screwed Texas out of millions".
When Texas would only be happy with us in the big12, when they are on the way out
|
|
12-13-2016 02:27 PM |
|
Chappy
Resident Goonie
Posts: 18,901
Joined: Dec 2008
Reputation: 899
I Root For: ECU
Location: Raleigh, NC
|
RE: Charlie Strong USF contract
Clever deal.
|
|
12-13-2016 02:36 PM |
|