Interesting on Frost's buyout from UCF

[RegionWarrior101]

UCF:Scott Frost has a five-year deal with an option for a 2-year extension, worth $1.7 million in the first year. The salary pool for his assistants will be $2.3 million. Athletic director Danny White says that Frost was offered a higher annual salary, but wanted a higher pool for his assistant coaches. The buyout is $850,000 for the length of the contract.

So his contract is just under $2 million, his buyout is half of that amount per year for each year left on the contract, if I am reading that right. So in theory, if we had done something closer to this, we could have bought out our coach for $3 million instead of $6 million? I think that is a fair deal.

 

[Boiler8285]

UCF also hired an AD with a plan and has a very engaged president who believes having a competitive P5 football team is important for recruiting students and increasing alumni engagement.

 

[boilermaker75]

UCF also hired an AD with a plan and has a very engaged president who believes having a competitive P5 football team is important for recruiting students and increasing alumni engagement.

Two things we don't have.

 

[New Pal Boiler]

Two things we don't have.

Yeah but we have a sweet Natatorium.

 

[Redhotfill]

Yeah but we have a sweet Natatorium.

Oh yeah a nice pool with bleachers. Can't wait to see it on the "Ocho" ESPN8 right after the dodge ball finals.

 

[lbodel]

UCF:Scott Frost has a five-year deal with an option for a 2-year extension, worth $1.7 million in the first year. The salary pool for his assistants will be $2.3 million. Athletic director Danny White says that Frost was offered a higher annual salary, but wanted a higher pool for his assistant coaches. The buyout is $850,000 for the length of the contract.

So his contract is just under $2 million, his buyout is half of that amount per year for each year left on the contract, if I am reading that right. So in theory, if we had done something closer to this, we could have bought out our coach for $3 million instead of $6 million? I think that is a fair deal.

I'm not sitting here defending Burke, as I have pointed out some of the flaws in the current contract, but for a P-5 school, this is not common. We aren't Central Florida.

I think this board is splitting into 2 ways. Those who want a hire that is "P-5 school" worthy. Or those who want to go back to the "cheaper" end and get someone who is a little "pre-mature" P-5 school worthy - and can be easily disposed of.

There's obviously no one right answer. With this hire, it's more about the entire staff than it is the head coach. Frost has been an offensive coordinator for 2 years (some complain that Hazell was just a HEAD coach for a similar stint), where he basically just continued his predecessors offense. There's nothing wrong with that, as obviously don't mess with what works, however, that doesn't necessarily work when you leave a school like Oregon to UCF and have to build from scratch on both sides of the ball.

So yes, can we get a favorable contract? Sure. But your favorable contract is not going to be for overly qualified candidates.

I think we need to focus on the right hire, not having a disposable contract.

 

[RegionWarrior101]

If you

I'm not sitting here defending Burke, as I have pointed out some of the flaws in the current contract, but for a P-5 school, this is not common. We aren't Central Florida.

I think this board is splitting into 2 ways. Those who want a hire that is "P-5 school" worthy. Or those who want to go back to the "cheaper" end and get someone who is a little "pre-mature" P-5 school worthy - and can be easily disposed of.

There's obviously no one right answer. With this hire, it's more about the entire staff than it is the head coach. Frost has been an offensive coordinator for 2 years (some complain that Hazell was just a HEAD coach for a similar stint), where he basically just continued his predecessors offense. There's nothing wrong with that, as obviously don't mess with what works, however, that doesn't necessarily work when you leave a school like Oregon to UCF and have to build from scratch on both sides of the ball.

So yes, can we get a favorable contract? Sure. But your favorable contract is not going to be for overly qualified candidates.

I think we need to focus on the right hire, not having a disposable contract.

I disagree completely with that. If he is worth a _______ after year one then renegotiate it. If he goes 1-11 keep the status quo. Hazell had not proved a darn thing. ONE good season, one sub .500 season.

Paul Rhoads just fired at Iowa State was getting paid $2.2 million per year. He got a $4.5 million buyout; not for 2 years, but SIX years remaining on his contract.

Mark Richt just fired at Georgia took a $4 million buyout for 5 years? "However, the proposed contract calls for Richt to receive 25 percent of his total compensation for each year remaining on his contract. He agreed in January to a four-year extension through Dec. 31 of 2019. That would leave four years remaining on the new deal"

Brady Hoke last year at Michigan took a $3 million buyout for 3 remaining years on his contract.

Staying with Michigan, Jim Harbaugh's base salary is $500,000 plus $4.5 million in other money. If fired without cause, Michigan only pays the base salary times remaining years.

If Harbaugh is fired without cause (e.g. legal or NCAA trouble), Michigan would owe him his base salary and additional compensation at the time of termination for the remainder of the contract term. But he would be obligated to make "reasonable efforts" to get another job, and his income from that employment would offset any amount Michigan otherwise would owe him.

Muschamp's Florida buyout was 2/3 of his salary per season ($2 million).

Pelini's buyout was $7 million for 4 years and offset by any new employment.

At the end of the day, we don't have to be cheap, but we could have written a significantly better contract.

 

[BoilerBulldog]

If you

I disagree completely with that. If he is worth a _______ after year one then renegotiate it. If he goes 1-11 keep the status quo. Hazell had not proved a darn thing. ONE good season, one sub .500 season.

Paul Rhoads just fired at Iowa State was getting paid $2.2 million per year. He got a $4.5 million buyout; not for 2 years, but SIX years remaining on his contract.

Mark Richt just fired at Georgia took a $4 million buyout for 5 years? "However, the proposed contract calls for Richt to receive 25 percent of his total compensation for each year remaining on his contract. He agreed in January to a four-year extension through Dec. 31 of 2019. That would leave four years remaining on the new deal"

Brady Hoke last year at Michigan took a $3 million buyout for 3 remaining years on his contract.

Staying with Michigan, Jim Harbaugh's base salary is $500,000 plus $4.5 million in other money. If fired without cause, Michigan only pays the base salary times remaining years.

If Harbaugh is fired without cause (e.g. legal or NCAA trouble), Michigan would owe him his base salary and additional compensation at the time of termination for the remainder of the contract term. But he would be obligated to make "reasonable efforts" to get another job, and his income from that employment would offset any amount Michigan otherwise would owe him.

Muschamp's Florida buyout was 2/3 of his salary per season ($2 million).

Pelini's buyout was $7 million for 4 years and offset by any new employment.

At the end of the day, we don't have to be cheap, but we could have written a significantly better contract.

Thanks for pulling this data together. Very interesting and infuriating at the same time.

 

[RegionWarrior101]

Thanks for pulling this data together. Very interesting and infuriating at the same time.

Now there are exceptions the other way as well- like Kevin Sumlin would get the full contract. Urban Meyer would get his full contract. Dantonio would get a nice payday... If MSU wants to fire Dantonio before Jan. 15, 2017, it would owe him a whopping $10.5 million. Michigan State's buyout for Dantonio goes down to $7 million in 2017 and drops to $3.5 million in 2020. Saban would make $23 million for 7 years left. Dabo Swinney gets like 80% of his contract. Those guys are also fairly proven commodities. But Beckman's buyout would have been $743,0000 of the $3 million owed. I don't know.

 

[RegionWarrior101]

Looking at more, Derek Dooley when fired at Tennessee was $5 mil for 4 years. He made over $2 mil per year. Butch Jones buyout is 2/3 of his salary.