That’s roughly what it would cost to get rid of Walters. Not gonna happen, no matter how badly he sink the FB program…
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.That’s roughly what it would cost to get rid of Walters. Not gonna happen, no matter how badly he sink the FB program…
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.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.
It’s industry standard. Pretty much every HC contract in college is fully guaranteedKudos to his agent getting that big of a buyout for a first time head coach
Yeah kudos to MBob for negotiating a 25% discount…. He must have known this was a gamble.It’s industry standard. Pretty much every HC contract in college is fully guaranteed
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.That’s roughly what it would cost to get rid of Walters. Not gonna happen, no matter how badly he sink the FB program…
It’s industry standard. Pretty much every HC contract in college is fully guaranteed
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.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.
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 timeA 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.
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.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.
Iowa has a coach, we do not....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 $$. Purdue is a better school therefore
most likely has more cash-laden
alums to do the dirty deed if necessary. Alums from an elite school like Purdue could pull that off in a millisecond. Right?The school need not pony up a dime IF it’s time to part ways with a HC. (Personally I’m not there. Yet.) Recently Texas A & M alums gathered the cash to buy out Jimbo. For BIG $$. 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 ho
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.
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.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 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.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.
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.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.
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.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.
What other positives do you attribute to Bobinski?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.
So, what's the difference if Purdue goes 2-10 and fires Walters in Dec? Maybe they save $3 mil in the 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.
The buyout is 75 percent of his pay remaining on the contract. Doesn’t matter what date you terminate him.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.
He (and Mitch and Berghoff) hired Brohm. And he has not been an impediment to the basketball program… unlike other ADs…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.
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.He (and Mitch and Berghoff) hired Brohm. And he has not been an impediment to the basketball program… unlike other ADs…
Right but MBob seems to be supporting Basketball in a way that previous ADs may not always have.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.
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.Right but MBob seems to be supporting Basketball in a way that previous ADs may not always have.