That’s roughly what it would cost to get rid of Walters. Not gonna happen, no matter how badly he sink the FB program…
$9M…
- Thread starter IronChefBBQ
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The loss of revenue from the fans not going/watching the game I would think would be MUCH higher, so I wouldn't say never.
Yeah, and when you add merch sales, people being less likely to pony up NIL money, and other secondary sources of revenue, it adds up fast. Most of the tickets have already been sold, but empty seats don't buy food and drinks at games, so you also lose that money as well.
$9mil is nothing with a 60-65mil TV nut coming in. Season tickets are already sold this year but will take a big hit over the next 2 if we just let him stay.
If he’s 1-11 or 2-10 you have to move on and hope that steady ticket revenue in 25 and 26 covers the difference.
The one good thing about his hire is that his buyout was short and not an insurmountable barrier to moving on.
If he’s 1-11 or 2-10 you have to move on and hope that steady ticket revenue in 25 and 26 covers the difference.
The one good thing about his hire is that his buyout was short and not an insurmountable barrier to moving on.
The school need not pony up a dime IF it’s time to part ways with a HC. (Personally I’m not there. Yet.) Recently Texas A & M alums gathered the cash to buy out Jimbo. For BIG $$. Purdue is a better school therefore
most likely has more cash-laden alums to do the dirty deed if necessary. Alums from an elite school like Purdue could pull that off in a millisecond. Right?
But relating back to a post I made earlier, our school is beholden to the football cabal that says there can only be so many “non-Ohio States” at a time in any given conference and right now, it ain’t our turn. Our AD and BOT plays along. It’s just the way it is. That said, if we want to at least try to attempt consistent competitiveness, see Iowa. Get strong, get physical, do not waver. Stay the course. The fact our running game the last 15 games (overall) has been good gives me a glimmer of hope.
most likely has more cash-laden alums to do the dirty deed if necessary. Alums from an elite school like Purdue could pull that off in a millisecond. Right?
But relating back to a post I made earlier, our school is beholden to the football cabal that says there can only be so many “non-Ohio States” at a time in any given conference and right now, it ain’t our turn. Our AD and BOT plays along. It’s just the way it is. That said, if we want to at least try to attempt consistent competitiveness, see Iowa. Get strong, get physical, do not waver. Stay the course. The fact our running game the last 15 games (overall) has been good gives me a glimmer of hope.
Yeah kudos to MBob for negotiating a 25% discount…. He must have known this was a gamble.
One point of clarification - it’s not $9 million due when he’s fired. He just gets 75 percent of his normal pay for the next 3 years.
What I don’t know is if there’s offset language in the contract.
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I always laugh when fans complain about how much a buyout is as if it's coming out of their own pocket.
Unless you're a mega-donor and a bunch of other mega-donors call you up and ask for how much you're willing to contribute to a buyout, the number is irrelevant to the normal fan.
Unless you're a mega-donor and a bunch of other mega-donors call you up and ask for how much you're willing to contribute to a buyout, the number is irrelevant to the normal fan.
A big buyout affects the stickiness of a coaching contract, reducing the likelihood of moving on after a failure, and calls further into question the wisdom of the initial hire. Plus, over-spending on a bad bet reduces resources to compete for a quality replacement. I believe it’s rational for fans to think about this stuff, considering how much it impacts the program’s future.
9mil doesn’t impact the programs future when we will bring in almost 200mil in TV money and likely another 60-70mil in other revenue over that time
I don’t think offset language will be a thing here. If he gets another job somewhere maybe as coordinator he will be paid very minimal. If I were in that position I might just spend the next 3 years staying home with my family and maybe working the money made already.
I wouldn't give up on him yet. We knew this would be a tough season.
I disagree. Purdue has plenty of money. Losing $9M on a buyout doesn't impact anything. Sure, the athletic dept will cry poor and ask for more donations, but they know the name of the game is money and you have to be willing to spend and risk it.
There's a much greater financial risk by letting your program fall to the very bottom, losing the fan base, etc, than there is with making a change eating a buyout.
I agree with your premise, and the idea that if there was one checkbook and one check writer, this logic would hold up. But it’s that “crying poor and asking for donations” thing that impedes the right decision being made quickly. How many times have you seen programs hang onto a coach too long and start tanking even though it doesn’t make financial sense? I think that’s all people are worried about with a big buyout.
Our program is now close to the bottom of the barrel. The only P4 team lower than us on the Athletic's rankings of D1 football teams is Mississippi State, and I bet we drop behind them at some point.
We would finish last in the MAC the way we have played the last 2 weeks.
There’s no lump sum to be paid tho. $3 mil per over 3 years is a drop in the bucket and the 1 blessing of the contract we signed.
If there’s no DRAMATIC improvement you have to cut bait. 15 games I don’t think there can be a jury that’s still deliberating. The team is so broken on each side of the ball the program needs a total tear down 21 months in. Just imagine how bad it gets 12+ months from now.
Admit the mistake and move on. Bobinski has enough positive this doesn’t cost him his job. If staff is left to fester another year…then it’s negligence and he should be put out along with Walters.
What other positives do you attribute to Bobinski?
Given he made this hire, I wouldn't pay 9 million for him to make another multi-million dollar mistake. I don't think he should be making the next hire.
So, what's the difference if Purdue goes 2-10 and fires Walters in Dec? Maybe they save $3 mil in the buyout?
I'll say that I'm not ready to cut Walter loose yet. Harrell, maybe. But, if this team continues to get blown out, doesn't show signs of improvement, then MBob has to make a change at the end of the season.
The buyout is 75 percent of his pay remaining on the contract. Doesn’t matter what date you terminate him.
So they only save $3 million if they fire him after the 2025 season instead of after the 2024 season.
The only reason you might keep him around for 2025 isn’t financial. It would be to show stability to the next coach.
He (and Mitch and Berghoff) hired Brohm. And he has not been an impediment to the basketball program… unlike other ADs…
Correct. Baseball has been better. New Soccer coach seems to know what he’s doing. Golf always solid. Obviously basketball better than it has been. Shondell was here but we’ve kept him happy and around and have a perennial top 15-20 program.
Football is the cash cow but let him learn from his mistake IMO. Outside of 4 hours every Saturday the rest is more than fine IMo
Not sure I give much credit for men's basketball or volleyball as both of those programs are being led by coaches that were there long before Bobinski arrived.
Right but MBob seems to be supporting Basketball in a way that previous ADs may not always have.
I remember when just 5-6 years ago it was unfathomable that a guy didn’t get 3+ years to build the program.
With legal free agency and a team struggle to catch and tackle the potential impact to leaving the raisin on the vine here is massive and something should be done if we don’t look a lot better very very very quickly.
The dollars and cents at stake necessitates quick action.
With legal free agency and a team struggle to catch and tackle the potential impact to leaving the raisin on the vine here is massive and something should be done if we don’t look a lot better very very very quickly.
The dollars and cents at stake necessitates quick action.
There was for sure a time where Painter had to struggle with Burke to get what he wanted and needed. Buts let's also remember that Burke did not have the same kind of television revenue Bobinski is working with now. Before BTN started to open up negotiations for TV rights that have led the to skyrocket in the past decade he was trying to run the athletic department to break even with less revenue than our peer institutions in conference and no money coming from student activity fees or anything like that. In fact, I believe millions were flowing the other direction for the first several years of BTN revenue. Even when Painter was listening to Missouri, Burke had to bring in Cordova and others to negotiate his new deal because he did t have the financial leverage to make.that deal on his own. I'm pretty sure Bobinski isn't running as tight.
I just know that we invested heavily in non revenue sports when we were WAY behind in BB and FB facilities. Probably hurt FB worse than BB.
I think Burke was probably working under restrictions that most weren't aware of. Some of the investments in the non-revenue sports were donations specific to those sports and we have to maintain a certain number of sports to be in the Big Ten and I believe we've always been at the minimum. I don't think it was his choice to send millions of tv revenue to fund Cordova's pet projects but he was a company guy that wasn't going to go public and complain about those things.
Just splitting hairs. I think Burke gets too much criticism and Bobinski gets credit for things that he really has no part in. But I think it was fair for the Hazell hire to keep Burke from hiring the next football coach and I think if we move on from Walters that Bobinski deserves the same fate.
Burke definitely rand the AD with an eye first and foremost on the money. I think he was resigned in his belief, right or wrong, that Purdue wasn't going to compete on the field or in the salary ranges with UM, OSU, PSU. I think he looked at our peer schools, assessed what they were willing to pay, stayed within that range and hoped to get lucky. It worked with Tiller but not with Hope or Hazell.
My belief is that he didn't run it that way because of his personal philosophy. It was an expectation of the job. To me it was telling that Cordova was part of the press conference when they gave Painter a new deal to keep him from going to Missouri. It was as if he had already spent what he was allowed and needed to bring in others to go above and beyond that.
I could be wrong but that's how I've always read the situation.
I didn’t like Burke’s last decade or so, but he did hire Tiller and Painter, which to me, makes him a successful AD all in all.
Hard to judge him equally when he had like $10-20mil a year coming in from TV conference deals and the current AD has had 45-70mil coming in per year on the TV deals.
Just stirring the pot for the Tuesday evening "helluva" it.....per CBS Sports, (Jimbo) "Fisher is itching to get back into coaching, but he's not pushing the issue right now as his first year outside of the sport since he was a player in 1988 inches toward October. "For one year I want to see my family, do nothing, hunt a little bit and take time," Fisher told CBS Sports. "I'll do some radio at home, and then decide what I want to do after that.""
The article's context, besides JF wanting to coach again, is his concern over the widening operation between the "have's" and the "have not's". Well, we are a "have not" much as I hate to admit it. And he don't need the money! And yeah, he could coach us to 7-9 wins each year, I'd bet. I am NOT advocating, just discussing.
The article's context, besides JF wanting to coach again, is his concern over the widening operation between the "have's" and the "have not's". Well, we are a "have not" much as I hate to admit it. And he don't need the money! And yeah, he could coach us to 7-9 wins each year, I'd bet. I am NOT advocating, just discussing.
He’s got Fred Akers written all over him. Pass.
He’s gunna want a whole hell of a lot more money than we should pay for a retread
We are Big Ten. We have Big Ten revenue. We are not Ohio State or Alabama but I think we have plenty to offer. Our last coach did fine. Had us in the conference championship game even. Granted, that is far less likely with an 18 team conference and no divisions but that also means there will be years where the schedule falls in our favor (avoiding 8 teams every single year). We just have to be decent to take advantage of it.
So whether we are haves or have-nots really depends on perspective. If you want to be perennial national title contender, we are not that. But we are in the top money conference and have access to the new playoff system. Our fan base does not have unrealistic expectations. Pretty much go .500 and beat IU more often than not. Do that and you'll sell out the 60k seat stadium and have a top 25-ish salary for as long as you want to be here.
I don't know what Fisher is looking for. He may have his sights set on the perennial national title contender. But there are only so many Big Ten and SEC jobs and we're probably in a better position historically than a handful of programs in that group too (Northwestern, IU, Rutgers, Vanderbilt to name a few). I don't think we are quite the beggars some of our fans make us out to be. I good coach from a lower conference should be very excited to come here even if he views it as a stepping stone to something bigger.
