Being realistic, can we afford a $4.4 million buyout next year?

[RegionWarrior101]

Also I question the buyout language. It says something about December 1, 2016... Does that mean we would have to wait until December 1 to fire him? Next year that would mean waiting 5 days after the bucket game to even know if he is gone or not. Look at all these hires being made today.

I think Morgan is on through 2017. I think DH is on 2 more years as well just reading the language. Unless someone quits or does something immoral.

 

[mustard_]

Once you get to next season its all sunk cost. Its just whether you pay him to coach or not. Firing him October 1 or Dec 1 requires the same cash outlay. The biggest thing I think they are trying to avoid is paying two coaches at once. You avoid that by waiting until kick off of next year.

 

[Inspector100]

The athletic department budget is in the range of $70M. This amount of money is in petty cash.

 

[mustard_]

The athletic department budget is in the range of $70M. This amount of money is in petty cash.

except for last year our expenses were like 73 million.

 

[ChicagoBoiler78]

Also I question the buyout language. It says something about December 1, 2016... Does that mean we would have to wait until December 1 to fire him? Next year that would mean waiting 5 days after the bucket game to even know if he is gone or not. Look at all these hires being made today.

I think Morgan is on through 2017. I think DH is on 2 more years as well just reading the language. Unless someone quits ore does something immoral.

RegionWarrior, I think this is an excellent question.

Seeing things (as of now), DH will get his fifth year. If they are going to stick with him after a 6-30 record and poor recruiting results; the decision makers have the stomach for two more years.

With that said, if they make a move with Mr. Burke (early retirement, AD in waiting).....I can see a scenario where 2016 is his last year.

 

[Bigohh]

RegionWarrior, I think this is an excellent question.

Seeing things (as of now), DH will get his fifth year. If they are going to stick with him after a 6-30 record and poor recruiting results; the decision makers have the stomach for two more years.

With that said, if they make a move with Mr. Burke (early retirement, AD in waiting).....I can see a scenario where 2016 is his last year.

Can Purdue afford to keep this train wreck bumbling along??
I submit that another year of poor recruiting and DH at the helm will empty the stadium completely.

 

[lbodel]

Also I question the buyout language. It says something about December 1, 2016... Does that mean we would have to wait until December 1 to fire him? Next year that would mean waiting 5 days after the bucket game to even know if he is gone or not. Look at all these hires being made today.

I think Morgan is on through 2017. I think DH is on 2 more years as well just reading the language. Unless someone quits or does something immoral.

I don't know about this specific contract, but buyouts are not typically paid in 1 lump sum. They are essentially paid like the coach was still there (so spread out over the remaining years in their contract).

So yes, Purdue can afford it.

 

[Boiler8285]

won't be able to afford not to. Lame duck coach and a couple new lame ducks coordinators. Avg 20,000 per game and win 3 at best. This fish is rotten at the head.

 

[bonefish1]

I'll never understand why a regular Joe fan worries about what a coach is paid or what a buyout is?
What do you mean "Can we afford it?" Is it coming out of your pocket? Does it impact you one single iota? Maybe your season tickets go up $20, but if that's going to impact you financially, maybe you should be working an extra job on Saturdays and not watching football.

The real question should be "can we NOT afford the buyout?" Unless you think Hazel is going to pull some recruiting miracle and all the sudden all our MAC level talent is going to become Big10 level, next year is going to be more of the same. Except with even fewer people attending the games, buying hotdogs, sweatshirts and bumperstickers.

 

[RegionWarrior101]

I'll never understand why a regular Joe fan worries about what a coach is paid or what a buyout is?
What do you mean "Can we afford it?" Is it coming out of your pocket? Does it impact you one single iota? Maybe your season tickets go up $20, but if that's going to impact you financially, maybe you should be working an extra job on Saturdays and not watching football.

The real question should be "can we NOT afford the buyout?" Unless you think Hazel is going to pull some recruiting miracle and all the sudden all our MAC level talent is going to become Big10 level, next year is going to be more of the same. Except with even fewer people attending the games, buying hotdogs, sweatshirts and bumperstickers.

We = Purdue. The Athletic Department is in a tough spot financially. And if the AD has to pony up $4.4 mil on top of the revenue we are supposedly down, yes I will have to pay. And $20? Try $20 per game. What did the seat licensing cost? $250? 4 tickets? $1,000 did get too steep for me, yes, so I had to move sections.

 

[Travisty13]

Also I question the buyout language. It says something about December 1, 2016... Does that mean we would have to wait until December 1 to fire him? Next year that would mean waiting 5 days after the bucket game to even know if he is gone or not. Look at all these hires being made today.

I think Morgan is on through 2017. I think DH is on 2 more years as well just reading the language. Unless someone quits or does something immoral.

Could be similar to Dino Babers contract and reduce after a new year (or post Dec.1st). Dino Babers hasn't been announced as HC at UCF yet because his buyout drops from $300,000 to $200,000 tomorrow (Dec.1st). But it seems like a deal is in place, looks like he'll just wait a couple days and save himself $100,000.

We could easily do the same, just wait til Dec.1st next year and than fire him and save some $$$.

 

[BoilermakerD]

Once you get to next season its all sunk cost. Its just whether you pay him to coach or not. Firing him October 1 or Dec 1 requires the same cash outlay. The biggest thing I think they are trying to avoid is paying two coaches at once. You avoid that by waiting until kick off of next year.

But their wont be any detriment to firing AFTER next season, right?

If I understand correctly isn't the end of next season either fire or extend?

 

[threeeputtt]

Also I question the buyout language. It says something about December 1, 2016... Does that mean we would have to wait until December 1 to fire him? Next year that would mean waiting 5 days after the bucket game to even know if he is gone or not. Look at all these hires being made today.

I think Morgan is on through 2017. I think DH is on 2 more years as well just reading the language. Unless someone quits or does something immoral.

Like it or not the deal is done for a year. Let's hope Hazell can win 5+ games or believe he and Burke are gone. The deal struck makes sense. Unless you fire Burke, you don't fire Hazell. You fire just Hazell no one would come for one year of uncertainty with a new AD coming. It is still a big mess. I have to believe Daniels finger print is here also. We will simply have to have one more year of patience as bad of medicine it is. Like it or not it is STILL a business and so many of us talk about throwing millions around like "petty cash". Daniels did not leave a broken state which at the end of the day like him or not (don't debate how the state $$$ is spent-we all have our own priorities) it is important.

 

[Boiler8285]

Watch UCF. Their Athletic Dept is broke but the prez knows their only way to relevance on a national level is name recognition and they need to be in a P5 conference. They will pay what it takes with no BTN revenue and a small alumni network. They hired O'Leary when no one would touch him and they showed him the door the minute he did not produce.