Fiscal Perceptions

#1
globadoc

globadoc

Professor of BBQ & Sports
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#1
Why does everyone think the university should spend so much for a coach? Did we all forget that:

a. We are already paying buyout money to Butch.
b. We just finished paying settlemwnt money for a Title IX issue.
c. Universities are, by their nature, fiscally conservative (with the possible exception of real estate holdings). Why do you think most of them survive longer than corporations?
d. The athletic department was in dire straits and borrowing from the university system, just a few years ago under Dave Hart. That can never be repeated.

With those factors at play, how could they ever swing for the fences and pay $10M/yr for anyone? Answer: we probably cannot. Hence we are not considering $10M/yr for Gruden or a $9.5M buyout for Campbell.

(Besides, why does everyone believe head coaches chase paychecks alone...surely the standard of living at $5M is not much different from $7M that one would enter into a more stressful, tenuous position. But that is another topic.)

The AD was foolish for trotting out Schiano, whether or not he ultimately becomes a great head coach. But if his budget is limited, where can he go?

I predict we get Dooley/Butch 3.0. Someone like Neal Brown at Troy. Maybe this time, the longshot bet will pay off.
 
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#2
#2
The problem is not $8-10m a year, its a problem when you lock in a coach for those figures for 8-10 years which is what most of these guys are going to want. If it all goes wrong in year 3, what do you do for 5+ years?

Most of this isn't complex. imo

Jimbo could possibly not be bowl eligible, most likely they will be but...
 
#3
#3
Tenn has probably paid more in buyout money alone than if they'd spend the money on a competent coach.

At some point they need to review their practices.
 
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#4
#4
The AD and the University are largely responsible for those issues by making terrible hiring decisions and unnecessary renovations while the program isn't successful. It isn't the fans fault for wanting a proven coach that may cost more than the University is willing to pay. It is the University's fault for mismanaging funds and continually having to make lesser hires.
 
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#5
#5
Tennessee is the second most valuable team in college football due to the revenue brought in. Don't worry though that's about to take a significant hit before a coach is hired. Currie lost the program tens of millions with this absolute stupidity.

He most likely will be lucky to get employment anywhere following this fiasco.
 
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#6
#6
landscapingvol said:
The AD and the University are largely responsible for those issues by making terrible hiring decisions and unnecessary renovations while the program isn't successful. It isn't the fans fault for wanting a proven coach that may cost more than the University is willing to pay. It is the University's fault for mismanaging funds and continually having to make lesser hires.
Click to expand...

Yahoo! Well said.
 
#7
#7
What about all the money that was taken from the athletic department and given to the education department after Fulmer was let go
No one seems to remember the surplus dollars that were taken
This fiasco of forcing a coach that was or is as bad as the coach you just let go is a foolish gesture to the fan base
It was low and disrespectful
 
#8
#8
The renovations probably do not count, as most schools conduct them from separate fundraising campaigns, donations, sponsors, and other capital funds...not revenues, which are used to pay for salary expenses.
 
#9
#9
globadoc said:
Why does everyone think the university should spend so much for a coach? Did we all forget that:

a. We are already paying buyout money to Butch.
b. We just finished paying settlemwnt money for a Title IX issue.
c. Universities are, by their nature, fiscally conservative (with the possible exception of real estate holdings). Why do you think most of them survive longer than corporations?
d. The athletic department was in dire straits and borrowing from the university system, just a few years ago under Dave Hart. That can never be repeated.

With those factors at play, how could they ever swing for the fences and pay $10M/yr for anyone? Answer: we probably cannot. Hence we are not considering $10M/yr for Gruden or a $9.5M buyout for Campbell.

(Besides, why does everyone believe head coaches chase paychecks alone...surely the standard of living at $5M is not much different from $7M that one would enter into a more stressful, tenuous position. But that is another topic.)

The AD was foolish for trotting out Schiano, whether or not he ultimately becomes a great head coach. But if his budget is limited, where can he go?

I predict we get Dooley/Butch 3.0. Someone like Neal Brown at Troy. Maybe this time, the longshot bet will pay off.
Click to expand...

Let me ask you this. Would you rather pay $8 bucks for this wrench that will break in 4 years, then pay another $8 bucks for another one that will break in 4 years (was, rinse, repeat), or would you rather pay $10 bucks for one that will last 15 years?
 
Last edited:
#10
#10
globadoc said:
Why does everyone think the university should spend so much for a coach? Did we all forget that:

a. We are already paying buyout money to Butch.
b. We just finished paying settlemwnt money for a Title IX issue.
c. Universities are, by their nature, fiscally conservative (with the possible exception of real estate holdings). Why do you think most of them survive longer than corporations?
d. The athletic department was in dire straits and borrowing from the university system, just a few years ago under Dave Hart. That can never be repeated.

With those factors at play, how could they ever swing for the fences and pay $10M/yr for anyone? Answer: we probably cannot. Hence we are not considering $10M/yr for Gruden or a $9.5M buyout for Campbell.

(Besides, why does everyone believe head coaches chase paychecks alone...surely the standard of living at $5M is not much different from $7M that one would enter into a more stressful, tenuous position. But that is another topic.)

The AD was foolish for trotting out Schiano, whether or not he ultimately becomes a great head coach. But if his budget is limited, where can he go?

I predict we get Dooley/Butch 3.0. Someone like Neal Brown at Troy. Maybe this time, the longshot bet will pay off.
Click to expand...

A simple google search will show that UT has hundreds of millions in reserve. Please don’t think we can’t afford a good coach!
 
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#11
#11
globadoc said:
Why does everyone think the university should spend so much for a coach? Did we all forget that:

a. We are already paying buyout money to Butch.
b. We just finished paying settlemwnt money for a Title IX issue.
c. Universities are, by their nature, fiscally conservative (with the possible exception of real estate holdings). Why do you think most of them survive longer than corporations?
d. The athletic department was in dire straits and borrowing from the university system, just a few years ago under Dave Hart. That can never be repeated.

With those factors at play, how could they ever swing for the fences and pay $10M/yr for anyone? Answer: we probably cannot. Hence we are not considering $10M/yr for Gruden or a $9.5M buyout for Campbell.

(Besides, why does everyone believe head coaches chase paychecks alone...surely the standard of living at $5M is not much different from $7M that one would enter into a more stressful, tenuous position. But that is another topic.)

The AD was foolish for trotting out Schiano, whether or not he ultimately becomes a great head coach. But if his budget is limited, where can he go?

I predict we get Dooley/Butch 3.0. Someone like Neal Brown at Troy. Maybe this time, the longshot bet will pay off.
Click to expand...

If we can afford a $300MM+ stadium renovation, we can afford a decent coach.
 
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