I think $1 million plus incentives is fair for someone that has never coach a game at the college level. If we win a conference championship or enter the post season, he should get a sizable bump. You can always go up but never back down in salary.

(03-14-2018 02:17 PM)Tigx Wrote:  

(03-14-2018 02:05 PM)FlyingTiger2016 Wrote:  

(03-14-2018 01:57 PM)SayWhat? Wrote:  

(03-14-2018 01:39 PM)ncrdbl1 Wrote:  Hope he would accept fat less than the money we were paying Orlando at first then get raises later.

It is not up to Penny to accept less in order to help pay for Tubby. Would look hinky to fire Tubby and hire Penny for less than even a competitive salary for an assistant. You want to be at the top you invest what it takes to get there. It is a business, plain and simple. Pay Penny well.

Penny is not going to take less money. That was always foolish thinking.

It will be closer to Smith $$ than most people here think.

Not true.

You really think around 750K?

Please. People close to him has already said what I'm saying.

(03-14-2018 02:21 PM)FlyingTiger2016 Wrote:  

(03-14-2018 02:17 PM)TiminMem23 Wrote:  

(03-14-2018 02:14 PM)dwash Wrote:  A ballpark figure has already been established Im sure for Penny. Now its probably mostly the staffs pay since they just got picked.

I'm sure the Memphis administration will F it up and overpay him, just like they did with Tubby. No program with the expectations Memphis has would have even considered paying Tubby $3 million.

Let me be clear: I support the Penny hire (with some skepticism). I want it to work. I'm not the one paying him, so I guess it doesn't matter to me other than how it affects the program overall. Don't overpay for him. Work out a fair offer and leggggoooo.

Penny's agent has Memphis in a corner.

You might be ok with missing out on Penny for being cheap.

No one else here is.

2M+. EASY

If they start off paying him over 2 million dollars then everybody on the Memphis side of the negotiating table should be fired before they make it to the parking lot and the contract ripped up.

Calipari initial salary 550k with incentives up to max of 930

http://umasshoops.com/history/alumni/joh...112000.htm

(03-14-2018 02:25 PM)FlyingTiger2016 Wrote:  

(03-14-2018 02:17 PM)Tigx Wrote:  

(03-14-2018 02:05 PM)FlyingTiger2016 Wrote:  

(03-14-2018 01:57 PM)SayWhat? Wrote:  

(03-14-2018 01:39 PM)ncrdbl1 Wrote:  Hope he would accept fat less than the money we were paying Orlando at first then get raises later.

It is not up to Penny to accept less in order to help pay for Tubby. Would look hinky to fire Tubby and hire Penny for less than even a competitive salary for an assistant. You want to be at the top you invest what it takes to get there. It is a business, plain and simple. Pay Penny well.

Penny is not going to take less money. That was always foolish thinking.

It will be closer to Smith $$ than most people here think.

Not true.

You really think around 750K?

Please. People close to him has already said what I'm saying.

Around $1M to start with incentives. It's not a money thing for Penny. His agents will do what he tells them to do. Money has been discussed way before today, Penny is not going to blindside them now with new demands.

Partners initial contract 4.4 million over 5 years. When our program was rolling and taking in ungodly amounts of money.

I fail to see why Penny would get more than a million per year. If he goes out and wins a bunch we will raise his salary rapidly. We always have.

(03-14-2018 02:22 PM)jgardne Wrote:  

(03-14-2018 02:08 PM)TiminMem23 Wrote:  

(03-14-2018 01:57 PM)SayWhat? Wrote:  

(03-14-2018 01:39 PM)ncrdbl1 Wrote:  Hope he would accept fat less than the money we were paying Orlando at first then get raises later.

It is not up to Penny to accept less in order to help pay for Tubby. Would look hinky to fire Tubby and hire Penny for less than even a competitive salary for an assistant. You want to be at the top you invest what it takes to get there. It is a business, plain and simple. Pay Penny well.

That makes no sense whatsoever. If Penny is willing to work for less, you pay him less and save money.

What good did it do to make Tubby Smith one of the 15 highest paid coaches in the country?

Generally speaking, you pay a guy his market value. Has Memphis been able to throw a lot of money around at coaches in the past? Yes. Can Memphis attract a coach that deserves to be one of the highest paid coaches at the time of hire? Absolutely not.

Kentucky paid Calipari an astronomical amount of money when they hired him because guess what: HE WAS WORTH IT THEN!

Back to Penny. All signs indicates he wants the job. I wouldn't low ball him if it becomes a source of contention, but I also wouldn't pay him above his market value if he starts to get greedy. They already f'd up with Tubby.

The salary thing is really going to be interesting. What is market value for a first time coach? 750k at Memphis maybe? The most obvious comparison point would be what salary we initially paid Pastner.

That starting salary for Josh was over 10 years ago. College Coaching salaries have gone nuts since then.

(03-14-2018 02:25 PM)FlyingTiger2016 Wrote:  

(03-14-2018 02:17 PM)Tigx Wrote:  

(03-14-2018 02:05 PM)FlyingTiger2016 Wrote:  

(03-14-2018 01:57 PM)SayWhat? Wrote:  

(03-14-2018 01:39 PM)ncrdbl1 Wrote:  Hope he would accept fat less than the money we were paying Orlando at first then get raises later.

It is not up to Penny to accept less in order to help pay for Tubby. Would look hinky to fire Tubby and hire Penny for less than even a competitive salary for an assistant. You want to be at the top you invest what it takes to get there. It is a business, plain and simple. Pay Penny well.

Penny is not going to take less money. That was always foolish thinking.

It will be closer to Smith $$ than most people here think.

Not true.

You really think around 750K?

Please. People close to him has already said what I'm saying.

I believe it will be somewhere between 1.5 to the 2 million dollar range with incentives.

(03-14-2018 02:33 PM)rssumme Wrote:  

(03-14-2018 02:22 PM)jgardne Wrote:  

(03-14-2018 02:08 PM)TiminMem23 Wrote:  

(03-14-2018 01:57 PM)SayWhat? Wrote:  

(03-14-2018 01:39 PM)ncrdbl1 Wrote:  Hope he would accept fat less than the money we were paying Orlando at first then get raises later.

It is not up to Penny to accept less in order to help pay for Tubby. Would look hinky to fire Tubby and hire Penny for less than even a competitive salary for an assistant. You want to be at the top you invest what it takes to get there. It is a business, plain and simple. Pay Penny well.

That makes no sense whatsoever. If Penny is willing to work for less, you pay him less and save money.

What good did it do to make Tubby Smith one of the 15 highest paid coaches in the country?

Generally speaking, you pay a guy his market value. Has Memphis been able to throw a lot of money around at coaches in the past? Yes. Can Memphis attract a coach that deserves to be one of the highest paid coaches at the time of hire? Absolutely not.

Kentucky paid Calipari an astronomical amount of money when they hired him because guess what: HE WAS WORTH IT THEN!

Back to Penny. All signs indicates he wants the job. I wouldn't low ball him if it becomes a source of contention, but I also wouldn't pay him above his market value if he starts to get greedy. They already f'd up with Tubby.

The salary thing is really going to be interesting. What is market value for a first time coach? 750k at Memphis maybe? The most obvious comparison point would be what salary we initially paid Pastner.

That starting salary for Josh was over 10 years ago. College Coaching salaries have gone nuts since then.

Well it was 9 years ago actually.

Penny has merchandising potential other coaches don't. That's worth some significant coin.

I'm a Tubby supporter/proud true Blue Tiger/Penny fan no shame or regrets....this was the right call. This year's team needs athletic athletes of the kind presently not on the roster. They're just too up and down. Their inexplicable loss to USF was just too much. It was straw that broke the camel's back. It flat didn't matter after that, a change had to be made. Again, it was the right call. If Penny was up for the challenge and was ready to coach the Tigers in ANY capacity, then you gotta slide out whomever and insert Penny. He's royalty.

I still think hiring Tubby was good. His intentions were honorable. Jeremiah got a chance to shine and I think that his coaching of a rebuilt roster of new and old Tigers to a 20 win season will be looked at one day as one of the best coaching jobs ever and the bridge between the disaster that was Pastner to a return to greatness. He wasn't a bad coach, just we need more. More of what he was willing to give. In the end it just wasn't a good fit. If it didn't fit then why continue to force it. We're a starving for a immediate winner fanbase. We need wins, a lot of wins. We LOVE winning. We need hope. That is what Penny provides, HOPE. Hope isn't everything, but, it's a start and hopefully it's in the right direction .

Thank you, Coach Smith. Best of luck to you in the future and whatever you do. Now on to the future.

(03-14-2018 02:35 PM)jgardne Wrote:  

(03-14-2018 02:33 PM)rssumme Wrote:  

(03-14-2018 02:22 PM)jgardne Wrote:  

(03-14-2018 02:08 PM)TiminMem23 Wrote:  

(03-14-2018 01:57 PM)SayWhat? Wrote:  It is not up to Penny to accept less in order to help pay for Tubby. Would look hinky to fire Tubby and hire Penny for less than even a competitive salary for an assistant. You want to be at the top you invest what it takes to get there. It is a business, plain and simple. Pay Penny well.

That makes no sense whatsoever. If Penny is willing to work for less, you pay him less and save money.

What good did it do to make Tubby Smith one of the 15 highest paid coaches in the country?

Generally speaking, you pay a guy his market value. Has Memphis been able to throw a lot of money around at coaches in the past? Yes. Can Memphis attract a coach that deserves to be one of the highest paid coaches at the time of hire? Absolutely not.

Kentucky paid Calipari an astronomical amount of money when they hired him because guess what: HE WAS WORTH IT THEN!

Back to Penny. All signs indicates he wants the job. I wouldn't low ball him if it becomes a source of contention, but I also wouldn't pay him above his market value if he starts to get greedy. They already f'd up with Tubby.

The salary thing is really going to be interesting. What is market value for a first time coach? 750k at Memphis maybe? The most obvious comparison point would be what salary we initially paid Pastner.

That starting salary for Josh was over 10 years ago. College Coaching salaries have gone nuts since then.

Well it was 9 years ago actually.

Oh yeah! That makes a huge difference...

(03-14-2018 02:21 PM)FlyingTiger2016 Wrote:  

(03-14-2018 02:17 PM)TiminMem23 Wrote:  

(03-14-2018 02:14 PM)dwash Wrote:  A ballpark figure has already been established Im sure for Penny. Now its probably mostly the staffs pay since they just got picked.

I'm sure the Memphis administration will F it up and overpay him, just like they did with Tubby. No program with the expectations Memphis has would have even considered paying Tubby $3 million.

Let me be clear: I support the Penny hire (with some skepticism). I want it to work. I'm not the one paying him, so I guess it doesn't matter to me other than how it affects the program overall. Don't overpay for him. Work out a fair offer and leggggoooo.

Penny's agent has Memphis in a corner.

You might be ok with missing out on Penny for being cheap.

No one else here is.

2M+. EASY

I said they shouldn't pay him more than $3 million. I really don't think they should pay him more than $2 million as a starting point, but we will see.

(03-14-2018 02:47 PM)TiminMem23 Wrote:  

(03-14-2018 02:21 PM)FlyingTiger2016 Wrote:  

(03-14-2018 02:17 PM)TiminMem23 Wrote:  

(03-14-2018 02:14 PM)dwash Wrote:  A ballpark figure has already been established Im sure for Penny. Now its probably mostly the staffs pay since they just got picked.

I'm sure the Memphis administration will F it up and overpay him, just like they did with Tubby. No program with the expectations Memphis has would have even considered paying Tubby $3 million.

Let me be clear: I support the Penny hire (with some skepticism). I want it to work. I'm not the one paying him, so I guess it doesn't matter to me other than how it affects the program overall. Don't overpay for him. Work out a fair offer and leggggoooo.

Penny's agent has Memphis in a corner.

You might be ok with missing out on Penny for being cheap.

No one else here is.

2M+. EASY

I said they shouldn't pay him more than $3 million. I really don't think they should pay him more than $2 million as a starting point, but we will see.

We are a top 25 job? But we won't pay our coach top 25 money?

:/

Y'all are a interesting bunch of people.

(03-14-2018 02:49 PM)FlyingTiger2016 Wrote:  

(03-14-2018 02:47 PM)TiminMem23 Wrote:  

(03-14-2018 02:21 PM)FlyingTiger2016 Wrote:  

(03-14-2018 02:17 PM)TiminMem23 Wrote:  

(03-14-2018 02:14 PM)dwash Wrote:  A ballpark figure has already been established Im sure for Penny. Now its probably mostly the staffs pay since they just got picked.

I'm sure the Memphis administration will F it up and overpay him, just like they did with Tubby. No program with the expectations Memphis has would have even considered paying Tubby $3 million.

Let me be clear: I support the Penny hire (with some skepticism). I want it to work. I'm not the one paying him, so I guess it doesn't matter to me other than how it affects the program overall. Don't overpay for him. Work out a fair offer and leggggoooo.

Penny's agent has Memphis in a corner.

You might be ok with missing out on Penny for being cheap.

No one else here is.

2M+. EASY

I said they shouldn't pay him more than $3 million. I really don't think they should pay him more than $2 million as a starting point, but we will see.

We are a top 25 job? But we won't pay our coach top 25 money?

:/

Y'all are a interesting bunch of people.

Where did Penny prove he was a top 25 coach? What results are you basing that on?

(03-14-2018 02:08 PM)TiminMem23 Wrote:  

(03-14-2018 01:57 PM)SayWhat? Wrote:  

(03-14-2018 01:39 PM)ncrdbl1 Wrote:  Hope he would accept fat less than the money we were paying Orlando at first then get raises later.

It is not up to Penny to accept less in order to help pay for Tubby. Would look hinky to fire Tubby and hire Penny for less than even a competitive salary for an assistant. You want to be at the top you invest what it takes to get there. It is a business, plain and simple. Pay Penny well.

That makes no sense whatsoever. If Penny is willing to work for less, you pay him less and save money.

What good did it do to make Tubby Smith one of the 15 highest paid coaches in the country?

Generally speaking, you pay a guy his market value. Has Memphis been able to throw a lot of money around at coaches in the past? Yes. Can Memphis attract a coach that deserves to be one of the highest paid coaches at the time of hire? Absolutely not.

Kentucky paid Calipari an astronomical amount of money when they hired him because guess what: HE WAS WORTH IT THEN!

Back to Penny. All signs indicates he wants the job. I wouldn't low ball him if it becomes a source of contention, but I also wouldn't pay him above his market value if he starts to get greedy. They already f'd up with Tubby.

When a poster on a message board has more more sense than the administration....

A point I think is being missed is the Administration and Penny have already had these discussions. His salary, incentives, his salary pool for his assistants and staff . . . Does anyone actually think he just hired these agents today?

Comparing this situation to other schools with openings or the market is moot. Penny is worth at least $50M, and still makes money with Nike. He understands the financial situation at Memphis, and how much it is costing to make Tubby go away.

$1-1.5M seems to be the right range. It will be interesting to see how Nike comes to play in this. Does he get a bigger apparel deal rolled in? Does he have to setup his current shoe deal with some arm's length arrangement? Will be interesting days.

But at the end of it, he'll get paid what he and the money guys agree to. And if all parties are okay with it, so be it.

(03-14-2018 02:53 PM)jgardne Wrote:  

(03-14-2018 02:49 PM)FlyingTiger2016 Wrote:  

(03-14-2018 02:47 PM)TiminMem23 Wrote:  

(03-14-2018 02:21 PM)FlyingTiger2016 Wrote:  

(03-14-2018 02:17 PM)TiminMem23 Wrote:  I'm sure the Memphis administration will F it up and overpay him, just like they did with Tubby. No program with the expectations Memphis has would have even considered paying Tubby $3 million.

Let me be clear: I support the Penny hire (with some skepticism). I want it to work. I'm not the one paying him, so I guess it doesn't matter to me other than how it affects the program overall. Don't overpay for him. Work out a fair offer and leggggoooo.

Penny's agent has Memphis in a corner.

You might be ok with missing out on Penny for being cheap.

No one else here is.

2M+. EASY

I said they shouldn't pay him more than $3 million. I really don't think they should pay him more than $2 million as a starting point, but we will see.

We are a top 25 job? But we won't pay our coach top 25 money?

:/

Y'all are a interesting bunch of people.

Where did Penny prove he was a top 25 coach? What results are you basing that on?

EXACTLY! No other school would make Penny one of the highest paid coaches in the country right now. He's not currently worth it. He hasn't proven anything.

That's not to say he might not one day turn into one of the best coaches in the country. If and when that day comes, there will be schools (which I hope would include Memphis) who would be willing to be pay him top dollar or whatever it takes.

Paying a coach $3 million because you can not only proves nothing, it's also idiotic and can lead to big problems down the road. It's exactly why Memphis is in the situation it is in right now.

I'm so happy about this potential hire. Memphis basketball needs to be about MEMPHIS BASKETBALL. What built this fanbase which extends far beyond alums is the civic pride of watching a home grown memphis team compete against the best. I'm ok with national recruiting but the core of the team should always be memphis talent. Penny talks to these kids and they listen b/c he's been where they are now and lived their dream. He commands their respect which is something Pastner could never accomplish. Penny has the relationships in the city to really keep the talent flowing and the players happy. This is a great day for Memphis basketball.