Coaching Buyouts The Past Three Decades

#1
volsknx

volsknx

The only people who dislike winners are losers!
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#1
With the payday of Steele, I wonder what the total wasted money is. I do know Money spent on head coach buyouts just under the past three decades for has been astronomical! To go back to '92 and originating with Majors buyout through the buyout of Jones is incredible.

First, starting with Dooley. That fiasco costed 7.5 million but only 5 million went to him. The rest to assistants. This is less than the 6 million Fulmer was paid. The biggest discrepancy is that Dooley was only here for three years and contributed almost nothing whereas Fulmer spent 16 years and won trophies and games.

http://archive.knoxnews.com/sports/...imated-75-million-ep-358772569-356094291.html

Next is the Fulmer buyout.

Fulmer to step aside as Tennessee coach

As we all know this was a 6 million dollar buyout. This was the reward for 16 years, two SEC titles, four SEC games and one NC. Now, this is on top of the salary he was already paid to deliver. The note on this is that it is a large increase from the previous coaches (Majors) buyout. Remember, this is inflation over a 16 year period, however. Cost of just doing business in major college football.

Next up is Majors' buyout. It was common knowledge at the time that his buyout was $600,000. At the time, that was considered a large amount of money, but far less than the millions dooled out (pun intended) to Fulmer and later coaches. As the article below states, Johnny wasn't legally owed that much but that amount was negotiated. It also states that the total amount was just over $500,000 not the $600,000 that was supposedly common knowledge but I rounded it up any way.

http://www.nytimes.com/1992/11/15/s...ball-majors-may-be-out-but-he-s-not-down.html

Next is the $8,260,000 buyout of Butch. Of course that was mitigated by the $35K per year Bama gave him.

Former Tennessee football coach Butch Jones hired by Arkansas State

Actually, something like $7,500,000 or so more than the rounded up version of Majors buyout, which was 25 years Earlier. Still, that is alot of money! It comes to a staggering increase over Fulmers first buyout a little more than a decade ago. Just to state how times have changed.

Before this deal with Pruitt, we had paid somewhere just under $20,225,000 in just coaching buyouts over the past 25 or so years. This does not include Fulmers second buyout or his salary nor does it include the (at least four) coaches buyouts from Pruitt tenure. These figures also do not include the salaries of head coaches or assistants nor the buyouts of all of the assistant coaches throught the years who were not retained by new coaching staffs, just the head coaces buyouts.

That is a lot of money to have shelled out for nothing to show for it. I wonder what the total amount would be if assistant coaching buyouts were added up and included. Then the actual salaries before the termination.
 
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#5
#5
When are people going to stop blaming the coaches and start putting the blame for the Tennessee football being bad for the last 10 or so years on the people who run UT. For a much money that UT has spent on buy outs they could of brought in a top notch coach and paid him. And still would of saved money. Bama pays Nich in the neighbor hood of 8 to 10 million a year but Bama football brings in about 100 million a year. That's a pretty good deal.
 
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#6
#6
volsknx said:
With the payday of Steele, I wonder what the total wasted money is. I do know Money spent on head coach buyouts just under the past three decades for has been astronomical! To go back to '92 and originating with Majors buyout through the buyout of Jones is incredible.

First, starting with Dooley. That fiasco costed 7.5 million but only 5 million went to him. The rest to assistants. This is less than the 6 million Fulmer was paid. The biggest discrepancy is that Dooley was only here for three years and contributed almost nothing whereas Fulmer spent 16 years and won trophies and games.

http://archive.knoxnews.com/sports/...imated-75-million-ep-358772569-356094291.html

Next is the Fulmer buyout.

Fulmer to step aside as Tennessee coach

As we all know this was a 6 million dollar buyout. This was the reward for 16 years, two SEC titles, four SEC games and one NC. Now, this is on top of the salary he was already paid to deliver. The note on this is that it is a large increase from the previous coaches (Majors) buyout. Remember, this is inflation over a 16 year period, however. Cost of just doing business in major college football.

Next up is Majors' buyout. It was common knowledge at the time that his buyout was $600,000. At the time, that was considered a large amount of money, but far less than the millions dooled out (pun intended) to Fulmer and later coaches. As the article below states, Johnny wasn't legally owed that much but that amount was negotiated. It also states that the total amount was just over $500,000 not the $600,000 that was supposedly common knowledge but I rounded it up any way.

http://www.nytimes.com/1992/11/15/s...ball-majors-may-be-out-but-he-s-not-down.html

Next is the $8,260,000 buyout of Butch. Of course that was mitigated by the $35K per year Bama gave him.

Former Tennessee football coach Butch Jones hired by Arkansas State

Actually, something like $7,500,000 or so more than the rounded up version of Majors buyout, which was 25 years Earlier. Still, that is alot of money! It comes to a staggering increase over Fulmers first buyout a little more than a decade ago. Just to state how times have changed.

Before this deal with Pruitt, we had paid somewhere just under $20,225,000 in just coaching buyouts over the past 25 or so years. This does not include Fulmers second buyout or his salary nor does it include the (at least four) coaches buyouts from Pruitt tenure. These figures also do not include the salaries of head coaches or assistants nor the buyouts of all of the assistant coaches throught the years who were not retained by new coaching staffs, just the head coaces buyouts.

That is a lot of money to have shelled out for nothing to show for it. I wonder what the total amount would be if assistant coaching buyouts were added up and included. Then the actual salaries before the termination.
Click to expand...
With all the pissing and moaning about the stupidity of UT money management, of the last 25 years I think you have to put things in perspective. All of the money lost in coaching salary mismanagement one year of SEC payout to UT will just about cover the deficit. And besides, most of that cost was borne by the big money donors. All of you complainers act as it came out of your pockets. It is a tempest in a teapot but many on here like to complain because it makes them feel important.
 
#8
#8
allen phillips said:
With all the pissing and moaning about the stupidity of UT money management, of the last 25 years I think you have to put things in perspective. All of the money lost in coaching salary mismanagement one year of SEC payout to UT will just about cover the deficit. And besides, most of that cost was borne by the big money donors. All of you complainers act as it came out of your pockets. It is a tempest in a teapot but many on here like to complain because it makes them feel important.
Click to expand...

I have to agree to a certain extent. I have not contributed a million to any of those buyouts. However, I think had there been competent people on the Hill, all of that money may have been an investment rather than a waste and thus the program would have more pride.
 
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#12
#12
This is the cost of making bad hires. The only two former UT coaches to HC at another P5 school are Dickey and Kiffin, and they both left on their own.
 
#13
#13
volsknx said:
With the payday of Steele, I wonder what the total wasted money is. I do know Money spent on head coach buyouts just under the past three decades for has been astronomical! To go back to '92 and originating with Majors buyout through the buyout of Jones is incredible.

First, starting with Dooley. That fiasco costed 7.5 million but only 5 million went to him. The rest to assistants. This is less than the 6 million Fulmer was paid. The biggest discrepancy is that Dooley was only here for three years and contributed almost nothing whereas Fulmer spent 16 years and won trophies and games.

http://archive.knoxnews.com/sports/...imated-75-million-ep-358772569-356094291.html

Next is the Fulmer buyout.

Fulmer to step aside as Tennessee coach

As we all know this was a 6 million dollar buyout. This was the reward for 16 years, two SEC titles, four SEC games and one NC. Now, this is on top of the salary he was already paid to deliver. The note on this is that it is a large increase from the previous coaches (Majors) buyout. Remember, this is inflation over a 16 year period, however. Cost of just doing business in major college football.

Next up is Majors' buyout. It was common knowledge at the time that his buyout was $600,000. At the time, that was considered a large amount of money, but far less than the millions dooled out (pun intended) to Fulmer and later coaches. As the article below states, Johnny wasn't legally owed that much but that amount was negotiated. It also states that the total amount was just over $500,000 not the $600,000 that was supposedly common knowledge but I rounded it up any way.

http://www.nytimes.com/1992/11/15/s...ball-majors-may-be-out-but-he-s-not-down.html

Next is the $8,260,000 buyout of Butch. Of course that was mitigated by the $35K per year Bama gave him.

Former Tennessee football coach Butch Jones hired by Arkansas State

Actually, something like $7,500,000 or so more than the rounded up version of Majors buyout, which was 25 years Earlier. Still, that is alot of money! It comes to a staggering increase over Fulmers first buyout a little more than a decade ago. Just to state how times have changed.

Before this deal with Pruitt, we had paid somewhere just under $20,225,000 in just coaching buyouts over the past 25 or so years. This does not include Fulmers second buyout or his salary nor does it include the (at least four) coaches buyouts from Pruitt tenure. These figures also do not include the salaries of head coaches or assistants nor the buyouts of all of the assistant coaches throught the years who were not retained by new coaching staffs, just the head coaces buyouts.

That is a lot of money to have shelled out for nothing to show for it. I wonder what the total amount would be if assistant coaching buyouts were added up and included. Then the actual salaries before the termination.
Click to expand...


Great job. But you didn’t add in the Pearl buyout. About a million I believe. The Hamilton buyout. The Currie buyout. Tennessee AD is better than a lottery. They pay off even if you don’t win.
 
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#14
#14
allen phillips said:
With all the pissing and moaning about the stupidity of UT money management, of the last 25 years I think you have to put things in perspective. All of the money lost in coaching salary mismanagement one year of SEC payout to UT will just about cover the deficit. And besides, most of that cost was borne by the big money donors. All of you complainers act as it came out of your pockets. It is a tempest in a teapot but many on here like to complain because it makes them feel important.
Click to expand...
Please do not tell us you have a business degree from UT and work as a financial advisor. lol
 
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#15
#15
allen phillips said:
With all the pissing and moaning about the stupidity of UT money management, of the last 25 years I think you have to put things in perspective. All of the money lost in coaching salary mismanagement one year of SEC payout to UT will just about cover the deficit. And besides, most of that cost was borne by the big money donors. All of you complainers act as it came out of your pockets. It is a tempest in a teapot but many on here like to complain because it makes them feel important.
Click to expand...

Donors dont pay the buyouts. Never have and never will. It's why they are rich. Dont throw away their money.
 
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#21
#21
My favorite is:
UT admin: "We can't afford to shill out the big bucks for a top notch coach."
Also UT admin: "you won 6 games? He's a massive raise and extension before we fire you in a year or 2!"
 
#22
#22
volsknx said:
With the payday of Steele, I wonder what the total wasted money is. I do know Money spent on head coach buyouts just under the past three decades for has been astronomical! To go back to '92 and originating with Majors buyout through the buyout of Jones is incredible.

First, starting with Dooley. That fiasco costed 7.5 million but only 5 million went to him. The rest to assistants. This is less than the 6 million Fulmer was paid. The biggest discrepancy is that Dooley was only here for three years and contributed almost nothing whereas Fulmer spent 16 years and won trophies and games.

http://archive.knoxnews.com/sports/...imated-75-million-ep-358772569-356094291.html

Next is the Fulmer buyout.

Fulmer to step aside as Tennessee coach

As we all know this was a 6 million dollar buyout. This was the reward for 16 years, two SEC titles, four SEC games and one NC. Now, this is on top of the salary he was already paid to deliver. The note on this is that it is a large increase from the previous coaches (Majors) buyout. Remember, this is inflation over a 16 year period, however. Cost of just doing business in major college football.

Next up is Majors' buyout. It was common knowledge at the time that his buyout was $600,000. At the time, that was considered a large amount of money, but far less than the millions dooled out (pun intended) to Fulmer and later coaches. As the article below states, Johnny wasn't legally owed that much but that amount was negotiated. It also states that the total amount was just over $500,000 not the $600,000 that was supposedly common knowledge but I rounded it up any way.

http://www.nytimes.com/1992/11/15/s...ball-majors-may-be-out-but-he-s-not-down.html

Next is the $8,260,000 buyout of Butch. Of course that was mitigated by the $35K per year Bama gave him.

Former Tennessee football coach Butch Jones hired by Arkansas State

Actually, something like $7,500,000 or so more than the rounded up version of Majors buyout, which was 25 years Earlier. Still, that is alot of money! It comes to a staggering increase over Fulmers first buyout a little more than a decade ago. Just to state how times have changed.

Before this deal with Pruitt, we had paid somewhere just under $20,225,000 in just coaching buyouts over the past 25 or so years. This does not include Fulmers second buyout or his salary nor does it include the (at least four) coaches buyouts from Pruitt tenure. These figures also do not include the salaries of head coaches or assistants nor the buyouts of all of the assistant coaches throught the years who were not retained by new coaching staffs, just the head coaches buyouts.

That is a lot of money to have shelled out for nothing to show for it. I wonder what the total amount would be if assistant coaching buyouts were added up and included. Then the actual salaries before the termination.
Click to expand...

So, in summary, it has been a s**tload. A fool and his money are soon parted.
 
#23
#23
tnutater said:
As great grand pappy used to say...
That's pissing away money with a big penis.
Click to expand...

My brother in law's Pappy had a better one.

Can't remember exactly what we were discussing that day, and he has been in the grave for years, so it is lost to time.
But the analogy he gave went like "...harder than a preacher's p***k at a June wedding."

That much stuck with me.
 
#24
#24
rickyyrs said:
When are people going to stop blaming the coaches and start putting the blame for the Tennessee football being bad for the last 10 or so years on the people who run UT. For a much money that UT has spent on buy outs they could of brought in a top notch coach and paid him. And still would of saved money. Bama pays Nich in the neighbor hood of 8 to 10 million a year but Bama football brings in about 100 million a year. That's a pretty good deal.
Click to expand...
They’re all gone. Most of them with a golden parachute of their own. I know I’m not blaming Boyd, Plowman and White for what they inherited.
 
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