$9M Severance pay - Our world is screwed up (My rant)

[goboilers2]

"Walters is owed 75% of his remaining compensation at Purdue, which equates to $9.34 million." - ESPN

I have never figured out how to justify paying losers.

Coaches are in the ranks of doctors, lawyers, and politicians. A doctor's patient can die and he still gets paid. A lawyer can lose a case and still get paid. Politicians can f*** us all and still quadruple their net worth. Coaches can go 5-19 and walk away with millions.

Meanwhile, if a engineer has a balcony collapse.... or an inspector misses exposed rebar....

 

[FiveWeight]

I think this comes down to whoever decided he was worth the average salary for someone in his position. Actually, it should have come down to Walters never being in the running for consideration in the first place, but given that he was selected, why did we pay him like somebody worth more? I think about 50,000 of us nearly had a heart attack hearing that we might have to hang onto him over a bad contract.

Heads need to roll.

 

[pboiler18]

"Walters is owed 75% of his remaining compensation at Purdue, which equates to $9.34 million." - ESPN

I have never figured out how to justify paying losers.

Coaches are in the ranks of doctors, lawyers, and politicians. A doctor's patient can die and he still gets paid. A lawyer can lose a case and still get paid. Politicians can f*** us all and still quadruple their net worth. Coaches can go 5-19 and walk away with millions.

Meanwhile, if a engineer has a balcony collapse.... or an inspector misses exposed rebar....

Nobody would have taken the job without this. It’s just how the CFB head coach market works.

 

[boilermaker75]

"Walters is owed 75% of his remaining compensation at Purdue, which equates to $9.34 million." - ESPN

I have never figured out how to justify paying losers.

Coaches are in the ranks of doctors, lawyers, and politicians. A doctor's patient can die and he still gets paid. A lawyer can lose a case and still get paid. Politicians can f*** us all and still quadruple their net worth. Coaches can go 5-19 and walk away with millions.

Meanwhile, if a engineer has a balcony collapse.... or an inspector misses exposed rebar....

Just like there are incentives where a coach gets more money for going to a bowl game, getting ranking, etc., there should be clauses in the contract where they lose money of they don't go to a bowl, get ranked, etc.

 

[bonefish1]

Nobody would have taken the job without this. It’s just how the CFB head coach market works.

This. It's the cost of admission. No coach/agent will even sign a deal without a buyout clause. Sure, it rewards failure but unless every program committed to not signing them, it's just part of the deal. Money isn't an issue for these programs.

 

[FiveWeight]

Nobody would have taken the job without this. It’s just how the CFB head coach market works.

Nobody, except perhaps somebody with a strong enough belief in themselves and their track record that they knew they’d prove their worth. In other words, exactly the kind of people you want anyway if your first and second choices fall through.

 

[boilermaker75]

Nobody would have taken the job without this. It’s just how the CFB head coach market works.

We would have been better off with no coach!

 

[RossMackey]

"Walters is owed 75% of his remaining compensation at Purdue, which equates to $9.34 million." - ESPN

I have never figured out how to justify paying losers.

Coaches are in the ranks of doctors, lawyers, and politicians. A doctor's patient can die and he still gets paid. A lawyer can lose a case and still get paid. Politicians can f*** us all and still quadruple their net worth. Coaches can go 5-19 and walk away with millions.

Meanwhile, if an engineer has a balcony collapse.... or an inspector misses exposed rebar....

Two immediate thoughts:
1) A college coach is essentially a glorified entertainer— IMO not near the level of importance of a doctor or judge, a teacher , a scientist, or even an elected leader …
Entertainers always have and always will command ridiculous compensation versus what they actually provide to society.

2) thank heaven the unmitigated disaster that was CRW is no more!!!

 

[Lee3370]

"Walters is owed 75% of his remaining compensation at Purdue, which equates to $9.34 million." - ESPN

I have never figured out how to justify paying losers.

Coaches are in the ranks of doctors, lawyers, and politicians. A doctor's patient can die and he still gets paid. A lawyer can lose a case and still get paid. Politicians can f*** us all and still quadruple their net worth. Coaches can go 5-19 and walk away with millions.

Meanwhile, if a engineer has a balcony collapse.... or an inspector misses exposed rebar....

Flawed logic.

Half of all lawers lose, there is a winning side and losing side. Sometimes your client is guilty, sometimes the prosecuters are wrong and the defendent is innocent. But yes many of times the jury gets it wrong too. Point is nothing lke an engineer, they have to get it right all the time.

As for doctors, everyone dies eventually. If a doctor messes up, they can lose their lcense and money. The doctors job isnt to save everyone's life all the tme, that is an impossble task Once again, the engineer cant be wrong, non sick people will die, their job is to get it right.

As for politicians, nothing like the engineer. They screw us over all the time, both parties, they only really look out for themselves. The engineer has a noble important job, the politician wouldnt know noble if it smacked them in the face.

Just saying flawed logic, lol.

 

[goboilers2]

Just like there are incentives where a coach gets more money for going to a bowl game, getting ranking, etc., there should be clauses in the contract where they lose money of they don't go to a bowl, get ranked, etc.

This, exactly.

Unfortunately the entire sports world would have to change

 

[goboilers2]

Flawed logic.

Half of all lawers lose, there is a winning side and losing side. Sometimes your client is guilty, sometimes the prosecuters are wrong and the defendent is innocent. But yes many of times the jury gets it wrong too. Point is nothing lke an engineer, they have to get it right all the time.

As for doctors, everyone dies eventually. If a doctor messes up, they can lose their lcense and money. The doctors job isnt to save everyone's life all the tme, that is an impossble task Once again, the engineer cant be wrong, non sick people will die, their job is to get it right.

As for politicians, nothing like the engineer. They screw us over all the time, both parties, they only really look out for themselves. The engineer has a noble important job, the politician wouldnt know noble if it smacked them in the face.

Just saying flawed logic, lol.

Okay....and the engineer is the least paid... Getting paid to fail is not the way it should be. Like I said, it is a rant.

 

[KentuckyBoiler]

The average QB transfer is about $2 to $3 million for a decent one. Better ones go for much more.

Card was not that much, but was he worth what we paid him.

Unfortunately, college sports money is out of control, whether coach or players.

 

[Lee3370]

Okay....and the engineer is the least paid... Getting paid to fail is not the way it should be. Like I said, it is a rant.

We all know that these coaches have golden parachutes. Its the way of the hire. I am also a Browns fan, it hurts how much we are paying Watson to be the worst QB in the league, but such is life.

The better example is the CEO who gets fired after tanking a Fortune 500 company and getting his multi million dollar golden parachute that they do not deserve, this is very similar.

 

[pubill]

We all know that these coaches have golden parachutes. Its the way of the hire. I am also a Browns fan, it hurts how much we are paying Watson to be the worst QB in the league, but such is life.

The better example is the CEO who gets fired after tanking a Fortune 500 company and getting his multi million dollar golden parachute that they do not deserve, this is very similar.

Painter is a hell of a bargain

 

[Lee3370]

Painter is a hell of a bargain

Painter is why I am not mad at Brohm. Coaches just like to coach for the alma matter.

But yes, 3.5 mll a year for Painter is a bargain. But he is paid the 4th most in the big ten, although only Izzo is more accomplshed even if none of it was the last decade.