Financial Mismanagement by UTAD..

#27
#27
JFreak said:
It would probably cost something near that to fire Jones and hire someone else. But everyone here seems to think it's easier than paying someone to mow your lawn.
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With all the money received from the SEC network now, it's a whole lot easier. Also the cost of the buyouts is greatly reduced when those coaches take new jobs, which all will do within a year. Jones is only owed 8 million over 4years. That's 2 mil a year not considering his next job would offset that.

People get freaked out at the numbers but the numbers aren't that bad. The university wouldn't put itself into a position that it didn't know it could survive financially.
 
#28
#28
JFreak said:
1. Wrong
2. Wrong
3. Wrong
4. Wrong
5. Wrong (No one in CBB coaching circles believes Barnes is washed up)
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Provide even a shred of evidence.

You appreciate what Hart has done?
Hart was approached, directly, by Derek Dooley and asked to provide a buyout in return for Derek's departure.
Hart hired lyle after meeting in a motel for less than two hours.
Hart extended lyle's contract last year - unbelievably.
Hart hired Tyndall, and his baggage was out in the open for anyone to see (not sure why you deny that).
Hart hired Barnes, and Barnes isn't even demonstrating an iota of give a **** during his time here.
 
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#29
#29
MWAVolfan said:
With all the money received from the SEC network now, it's a whole lot easier. Also the cost of the buyouts is greatly reduced when those coaches take new jobs, which all will do within a year. Jones is only owed 8 million over 4years. That's 2 mil a year not considering his next job would offset that.

People get freaked out at the numbers but the numbers aren't that bad. The university wouldn't put itself into a position that it didn't know it could survive financially.
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If we can drop $100,000,000 for new pissers, we can damn sure spend $10 million to dump a turd.
 
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#30
#30
MWAVolfan said:
With all the money received from the SEC network now, it's a whole lot easier. Also the cost of the buyouts is greatly reduced when those coaches take new jobs, which all will do within a year. Jones is only owed 8 million over 4years. That's 2 mil a year not considering his next job would offset that.

People get freaked out at the numbers but the numbers aren't that bad. The university wouldn't put itself into a position that it didn't know it could survive financially.
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Unsure how much revenue the SEC Network brings in for UT. However, I'm willing to be it's heavily in ESPN's favor. Also, would have to look but I presume the buyouts are only reduced for a lateral move. Ie, if Butch were to be a position coach somewhere or Dooley's WR coach position in the NFL. Those jobs wouldn't reduce the buyout much, if at all. But again, I'm not a contract expert nor is anyone on this board. The numbers are staggering. It's not cheap to run an AD and there are more programs on campus than football and basketball.
 
#31
#31
Strongs contract was 100% guaranteed at 5 years $26 million. He had 2 years remaining on his deal so his direct buyout is $10.4 million.

Business Insider has an article that is saying it will cost Texas $2.5 million to pay the Houston buyout for Herman, $6.3 million to buyout Strongs assistants.

= $19.2 Million

On top of the $2.75 million paid to Brown when he was fired and $4.4 million paid to Louisville to get Charlie Strong.

feathersax said:
Did I see where it's costing Texas $19 MILLION in the deal firing Strong & his assistants, plus hiring the new guy. Guess that's an example of agents negotiating coaches' contracts! :crazy:
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#32
#32
JustWin1 said:
Strongs contract was 100% guaranteed at 5 years $26 million. He had 2 years remaining on his deal so his direct buyout is $10.4 million.

Business Insider has an article that is saying it will cost Texas $2.5 million to pay the Houston buyout for Herman, $6.3 million to buyout Strongs assistants.

= $19.2 Million

On top of the $2.75 million paid to Brown when he was fired and $4.4 million paid to Louisville to get Charlie Strong.
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Holey moley!
 
#33
#33
Unimane said:
•$5.7 million — combined salaries over three years.
•$5 million — buyout for termination.
•$500,000 — amount UT paid to Louisiana Tech to buy out Dooley's previous contract.
•$286,782 — UT's payment to the IRS for withholding taxes on Dooley's contract with Louisiana Tech.
•$50,000 — bonus for making the 2010 Music City Bowl.
•$100,000 — payment for team's achieving satisfactory academic progress over two years.


That adds up to $11,636,782, or an average of $3,878,927.33 a year.

Think about it. Based on those numbers, Dooley is the sixth-highest paid college football coach in the nation this season.
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Did you pass math in high school? You can't come to a conclusion like that. The $5.7 earned during his 3 years + bonuses cannot be counted to say how much he earned this year. Nor can you add the buyout on top of the 3 years to come up with your average.

The only money he earned this year is from the buyout - which is $104,000 per month or $1.2M. :crazy:

I get your point of what you are trying to say, but you sort of cooked the numbers to strengthen your argument.
 
#34
#34
jps2194 said:
Did you pass math in high school? You can't come to a conclusion like that. The $5.7 earned during his 3 years + bonuses cannot be counted to say how much he earned this year. Nor can you add the buyout on top of the 3 years to come up with your average.

The only money he earned this year is from the buyout - which is $104,000 per month or $1.2M. :crazy:

I get your point of what you are trying to say, but you sort of cooked the numbers to strengthen your argument.
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That was the quote from the article you are referencing.
 
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#35
#35
awebb7 said:
Provide even a shred of evidence.

You appreciate what Hart has done?
Hart was approached, directly, by Derek Dooley and asked to provide a buyout in return for Derek's departure.
Hart hired lyle after meeting in a motel for less than two hours.
Hart extended lyle's contract last year - unbelievably.
Hart hired Tyndall, and his baggage was out in the open for anyone to see (not sure why you deny that).
Hart hired Barnes, and Barnes isn't even demonstrating an iota of give a **** during his time here.
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Your hyperbole is getting old.

1. Dooley had a buyout in his contract already why would we give him more $$? At what point did this supposed meeting take place? After the infamous Kentucky game?
2. The meeting in person to hire Butch may have lasted 2 hours, but a whole hell of a lot more than that goes on behind the scenes to hire a coach. What's acceptable to you? Minimum 2 day interview with board of regents and AD? To say he hired him in 2 hours is both factually incorrect and promoting hyperbole.
3. Butch overachieved last year. An extension is in line with those results.
4. The depth of Tyndall's issues were not out in the open at the time of hiring. Hart conducted his interview and made a decision. I trust his judgement over yours.
5. Barnes just over performed in Maui if you actually watched the games. Barnes is over performing Shaka Smart who is clearly not washed up.
 
#36
#36
OldLofter said:
Every school looking for a head coach wants the " best available". And if you want a top tier coach, you have to pay what the market determines is the price for that coach. Unfortunately, the market now says a school must agree to some sort of buyout if you want to sign that coach. That's the way the market is currently working. It's difficult to fight the market.

So now we want to come on VolNation and complain!

Go figure.

P.S. None of the above applies to the previous AD. He had no clue what he was doing!
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This does not explain why we gave Jones an asinine extension last year.
 
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#37
#37
JFreak said:
Your hyperbole is getting old.

1. Dooley had a buyout in his contract already why would we give him more $$? At what point did this supposed meeting take place? After the infamous Kentucky game?

3. Butch overachieved last year. An extension is in line with those results.
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1.He wasn't asking for "more" money.

3. According to?
 
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#39
#39
JFreak said:
Your hyperbole is getting old.

1. Dooley had a buyout in his contract already why would we give him more $$? At what point did this supposed meeting take place? After the infamous Kentucky game?
2. The meeting in person to hire Butch may have lasted 2 hours, but a whole hell of a lot more than that goes on behind the scenes to hire a coach. What's acceptable to you? Minimum 2 day interview with board of regents and AD? To say he hired him in 2 hours is both factually incorrect and promoting hyperbole.
3. Butch overachieved last year. An extension is in line with those results.
4. The depth of Tyndall's issues were not out in the open at the time of hiring. Hart conducted his interview and made a decision. I trust his judgement over yours.
5. Barnes just over performed in Maui if you actually watched the games. Barnes is over performing Shaka Smart who is clearly not washed up.
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3 and 4 are absolutely incorrect and 5 I would argue against, as well.
 
#40
#40
BeecherVol said:
1.He wasn't asking for "more" money.

3. According to?
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Hello. Welcome to the convo. His first statement said "Hart kept Dooley after he wanted to walk." That is flat out inflammatory and false. Hart wanted to get rid of Dooley as much if not more than the fan base. It's his job to make sure it's done on the right terms for the good of the program.
3. We were up big on OU and UF in games which we were underdogs. Took 2 of the 4 playoff teams into either OT or were up late into the 4th quarter. Presesaon #9 rank and things were certainly looking up. Sure this season didn't turn out like anyone expected, but that doesn't make Hart's decision at the time wrong. Building loyalty is a 2 way street. Also it was a raise not an extension.
 
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#42
#42
JFreak said:
So Hart knew Tyndall was getting a show cause and hired him anyways? Lol ok.. some real tin foil hat stuff there.
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Don't think the guy was trying to say it was known Tyndall would get a show cause. And I can agree with him on it being known Tyndall had baggage. I specifically remember having a conversation about it the day he was hired.
 
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#43
#43
TennVOLS93 said:
Don't think the guy was trying to say it was known Tyndall would get a show cause. And I can agree with him on it being known Tyndall had baggage. I specifically remember having a conversation about it the day he was hired.
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The depth of the issues didn't really come to light until the NCAA investigation was complete.
 
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#44
#44
JFreak said:
The depth of the issues didn't really come to light until the NCAA investigation was complete.
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I understand that. I just remember having a conversation with someone about whether or not it was smart to hire someone the NCAA is poking around at 3 short years after the Bruce Pearl deal. Actually, I will answer that. It was mildly retarded.
 
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#45
#45
JFreak said:
Hello. Welcome to the convo. His first statement said "Hart kept Dooley after he wanted to walk." That is flat out inflammatory and false. Hart wanted to get rid of Dooley as much if not more than the fan base. It's his job to make sure it's done on the right terms for the good of the program.
3. We were up big on OU and UF in games which we were underdogs. Took 2 of the 4 playoff teams into either OT or were up late into the 4th quarter. Presesaon #9 rank and things were certainly looking up. Sure this season didn't turn out like anyone expected, but that doesn't make Hart's decision at the time wrong. Building loyalty is a 2 way street. Also it was a raise not an extension.
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And you know this because Dave Hart wouldn't be as stupid as to let the program sink for another year with Dooley coaching and recruiting (nothing) when he could go grab up Butch Jones a year earlier and let him get to work.

He went 8-4 in his 3rd season. Forgive me for not jumping on the moral victory train.
 
#46
#46
And I also don't consider blowing four 4th quarter leads "Over Achieving." That's the equivalent of a participation trophy.
 
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#48
#48
The fact of the matter is Hart had no business extending Jones' contract into 2020. I don't care what his agent wanted. Where was Jones going to go after last year? Most likely nowhere. Who would've bought him out to jump ship? Most likely no one. There was no interest or really any mention of it by an upper tier BCS school. I could see adding one or two years. If there had been any real interest in Jones, maybe three. But we ALL saw serious in game coaching deficiencies that warranted a cautious approach to a contract extension. I'm continually perplexed at the lack of situational awareness by the AD/admin over there on the Hill. Hamilton to Hart has hardly been an upgrade. We're stuck with this s*** show now, so the best we could do is grab Blackburn and let him "help" Jones make some changes.
 
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#49
#49
Vol737 said:
The fact of the matter is Hart had no business extending Jones' contract into 2020. I don't care what his agent wanted. Where was Jones going to go after last year? Most likely nowhere. Who would've bought him out to jump ship? Most likely no one. There was no interest or really any mention of it by an upper tier BCS school. I could see adding one or two years. If there had been any real interest in Jones, maybe three. But we ALL saw serious in game coaching deficiencies that warranted a cautious approach to a contract extension. I'm continually perplexed at the lack of situational awareness by the AD/admin over there on the Hill. Hamilton to Hart has hardly been an upgrade. We're stuck with this s*** show now, so the best we could do is grab Blackburn and let him "help" Jones make some changes.
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I like how his agent shops him around like a wh+re, then proceeds to ask UT for a raise/extension/larger buyout after everyone says they aren't interested.
 
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#50
#50
Vol737 said:
The fact of the matter is Hart had no business extending Jones' contract into 2020. I don't care what his agent wanted. Where was Jones going to go after last year? Most likely nowhere. Who would've bought him out to jump ship? Most likely no one. There was no interest or really any mention of it by an upper tier BCS school. I could see adding one or two years. If there had been any real interest in Jones, maybe three. But we ALL saw serious in game coaching deficiencies that warranted a cautious approach to a contract extension. I'm continually perplexed at the lack of situational awareness by the AD/admin over there on the Hill. Hamilton to Hart has hardly been an upgrade. We're stuck with this s*** show now, so the best we could do is grab Blackburn and let him "help" Jones make some changes.
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You a pilot?
 
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