Fulmer's Contract Buyout (merged)

#1
BigOrangeMiracle

BigOrangeMiracle

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#1
ESPN is saying that Fulmer's buyout is 6 mill, not 5...wow. Not to mention, they said in order to make a real coaching change we'd need 9-10 million altogether.


The announcer said "A 6-6 season I think would be the second non-winning season he's had in four years. And at Tennessee I don't even think General Neyland could come back and survive that."
 
#2
#2
Just so everyone knows.....

Phillip Fulmer's complete buyout of his University of Tennessee contract is $6 million. The breakdown follows, as does the breakdown for each assistant coach's buyout.
$ 2,625,000 $ 2,175,000.00 $ 200,000.00 $ 1,000,000.00 $ 6,000,000.00

Now, coach Fulmer's buyout includes the following categories (in order): remaining base salary, one year tv/apparel/endorsements, the longevity bonus payment pro-rated and an extra payment of $1 million.

As for the assistant coaches listed below, please note that these figures are for two years based on those coaches not finding gainful employment elsewhere. If a coach finds another job, he will be paid the difference in his UT salary vs. the new salary if there is a difference. For instance, if Coach X made $150,000 at UT and gets a new post paying $110,000, UT would owe him a pro-rated portion of the $40,000 difference in the annual salary over two years. So, if that coach accepted a new job within just a short period of time after leaving UT for whatever reason, the school's buyout would be closer to $80,000 than $300,000.

John Chavis $ 687,500
Dave Clawson $ 687,500
Greg Adkins $ 300,000
Dan Brooks $ 285,000
Steve Caldwell $ 300,000
Stan Drayton $ 255,000
Jason Michael $ 255,000
Latrell Scott $ 225,000
Larry Slade $ 262,500
Bruce Warwick (Director of Football Operation) $300,000
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If it's posted already, sorry mods.
 
#3
#3
In other words it would cost upwards of $10 million to bring in new coaches.
 
#5
#5
Thats a big bill someone will have to eat. Someone is either praying this thing gets better, or they may as well lay their head on the chopping block.
 
#6
#6
GAVol said:
In other words it would cost upwards of $10 million to bring in new coaches.
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What was the hurry in giving Fulmer that contract? Hamilton has backtracked and crawfished on two very important issues regarding Fulmer. That guy stated when he first got here that he expected 2 SEC titles every ten years at Tennessee. Last year, he said at mid season that he wasn't gonna be making a decision about Fulmer that was based on emotion. Then he turns around at the Kentucky game before the players can even hit the showers and starts throwing out the idea of giving Fulmer a new contract.
 
#7
#7
Cartervol said:
Thats a big bill someone will have to eat. Someone is either praying this thing gets better, or they may as well lay their head on the chopping block.
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How can it get better? Are we winning the SEC this year? What would have to happen for these people to say, "Gee, this turned out to be one hell of a season..."
 
#9
#9
GAVol said:
The thing is though, I don't think the new contract really increased the buyout all that much did it?
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In relative terms, I suppose a million or so dollars isn't that much of a difference. The biggest change I believe is that the UTAD wouldn't have to pay it back in one lump sum, but over 4 annual installments.
 
#11
#11
Rasputin_Vol said:
What would have to happen for these people to say, "Gee, this turned out to be one hell of a season..."
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We'd have to run the table and have an impressive bowl win. It wouldn't be great, but it would be a remarkable turnaround.
 
#12
#12
Somebody said the price of the buyout would be alot lower if Tennessee finishes with a losing season, is that correct or not?
 
#14
#14
**ORANGEBLOOD** said:
Nebraska is paying somewhere around 9 million for the Callahan/Pederson buyout.
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That still doesn't excuse Hamilton for giving Fulmer a new contract this past season. Fulmer is neither a hot commodity on the open market, a coach at the peak of his career, or a man that seems to be openly looking to coach at any other location.
 
#15
#15
I thought the buyout , raise, and extension wasn't that big of a deal, and it was being blown out of proportion?
 
#17
#17
Rasputin_Vol said:
How can it get better? Are we winning the SEC this year? What would have to happen for these people to say, "Gee, this turned out to be one hell of a season..."
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I'am just saying if phil gets canned before the season's over and the university ends up paying all that money. I don't see how hamilton retains his job. Probably the reason that won't happen either. Phil won't get fired. He'll either step aside and retire or be forced to resign.
 
#18
#18
Rasputin_Vol said:
That still doesn't excuse Hamilton for giving Fulmer a new contract this past season. Fulmer is neither a hot commodity on the open market, a coach at the peak of his career, or a man that seems to be openly looking to coach at any other location.
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You are correct.
 
#19
#19
GAVol said:
We'd have to run the table and have an impressive bowl win. It wouldn't be great, but it would be a remarkable turnaround.
Click to expand...

If we do that, we will be 10-3 with probably a Peach Bowl victory over some ACC patsy. And for that, Fulmer will get another year on the contract and close to 3/4 of a million in bonuses/raise while accomplishing nothing in the last 10 seasons. At best, it shows that we have a program that is in neutral. Any reasonable person can come to that conclusion.
 
#20
#20
Cartervol said:
I'am just saying if phil gets canned before the season's over and the university ends up paying all that money. I don't see how hamilton retains his job. Probably the reason that won't happen either. Phil won't get fired. He'll either step aside and retire or be forced to resign.
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I don't think any reasonable person is talking about canning Fulmer midseason. He will (and should) finish out the season, but I think that a decision about his future may be coming (and should be coming) in the next several weeks.
 
#21
#21
Rasputin_Vol said:
That still doesn't excuse Hamilton for giving Fulmer a new contract this past season. Fulmer is neither a hot commodity on the open market, a coach at the peak of his career, or a man that seems to be openly looking to coach at any other location.
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Truer words were never spoken (or typed).
 
#22
#22
I'm not a big Hamilton fan, but this contract was not his doing. Yes, he has had to try and sell it to the fans, but Hamilton is to the football program what a press secretary is to the White House. He didn't hire Fulmer and he wasn't the author of this contract. The real authors of this contract are the very ones that will be paying the buyout and that's what they deserve. Don't be lured into believing this is Hamilton's mess, although he does have a man crush on Fulmer.
 
#23
#23
Pirate lookin at 40 said:
I'm not a big Hamilton fan, but this contract was not his doing. Yes, he has had to try and sell it to the fans, but Hamilton is to the football program what a press secretary is to the White House. He didn't hire Fulmer and he wasn't the author of this contract. The real authors of this contract are the very ones that will be paying the buyout and that's what they deserve. Don't be lured into believing this is Hamilton's mess, although he does have a man crush on Fulmer.
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I dont think thats 100% accurate. I thought it was common knowledge that Thornton and Haslam have been less than happy with Fulmer for a few years. I guess Fulmer has done just enough to keep the wolves at bay.
 
#24
#24
Pirate lookin at 40 said:
I'm not a big Hamilton fan, but this contract was not his doing. Yes, he has had to try and sell it to the fans, but Hamilton is to the football program what a press secretary is to the White House. He didn't hire Fulmer and he wasn't the author of this contract. The real authors of this contract are the very ones that will be paying the buyout and that's what they deserve. Don't be lured into believing this is Hamilton's mess, although he does have a man crush on Fulmer.
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Then he doesn't need to be making outlandish public statements where he contradicts himself so grossly. You expect 2 SEC championships in 10 years, yet Fulmer hasn't won ONE in 9 years, and you are "forced" to give him a raise? Then he runs out and says that no decisions about his future will be made based on emotion, and he turns around at kentucky and beats the state troopers out to the center of the field so that he can announce Fulmer's new contract. He makes himself look silly doing that (assuming this isn't his baby). If his job is to sell this to the public, he gets a grade of F, because there hasn't been one thing he has said or done that a reasonable person can say is a defense for what has happened with that contract.
 
#25
#25
**ORANGEBLOOD** said:
I dont think thats 100% accurate. I thought it was common knowledge that Thornton and Haslam have been less than happy with Fulmer for a few years. I guess Fulmer has done just enough to keep the wolves at bay.
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Not true about Thornton. Remember, he was the guy in Hamilton's ear last year saying he was doing a poor job of defending Fulmer. So that is at least one bosster that is defending Fulmer. But even with that, if he is just a puppet for the Good Ole Boys, why lie to the fans and give people false hope about allegedly maintaining some high standard of excellence on the field and make yourself look like a hypocrite in the process?
 
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