coaches buyout

[Nebraska Fan]

suppose you are a really good coach and you get a great offer from another school after the season but before the bowl season. your contract has you paying 3 million if you leave early.

if you stay at the school for a bowl game you don't get a big fat raise for another month and you don't get to recruit players to the new school.

do you pack for the new school right now? do you take your keeper coaches right now?

if the school asks you to stay on for the bowl game and keep the current staff do you tell them to make an offer on the buyout?

 

[dinglefritz]

suppose you are a really good coach and you get a great offer from another school after the season but before the bowl season. your contract has you paying 3 million if you leave early.

if you stay at the school for a bowl game you don't get a big fat raise for another month and you don't get to recruit players to the new school.

do you pack for the new school right now? do you take your keeper coaches right now?

if the school asks you to stay on for the bowl game and keep the current staff do you tell them to make an offer on the buyout?

Nice thought but I think NU will gladly pay the buyout. I've heard its a lot more than $3M. The only reliable source I've seen for his buyout is for what the school would owe him if they canned him and that was from USA Today. A bunch of websites ran with that number without reading the explanation for that column of numbers in that table of coach salaries. That number is in fact $3M. I'm not sure we know what he owes the school if he leaves early but I bet Moos knows by now.

 

[Nebraska Fan]

Nice thought but I think NU will gladly pay the buyout. I've heard its a lot more than $3M. The only reliable source I've seen for his buyout is for what the school would owe him if they canned him and that was from USA Today. A bunch of websites ran with that number without reading the explanation for that column of numbers in that table of coach salaries. That number is in fact $3M. I'm not sure we know what he owes the school if he leaves early but I bet Moos knows by now.

so you would leave before the bowl? what about the keeper coaches?

 

[Headcard]

Nice thought but I think NU will gladly pay the buyout. I've heard its a lot more than $3M. The only reliable source I've seen for his buyout is for what the school would owe him if they canned him and that was from USA Today. A bunch of websites ran with that number without reading the explanation for that column of numbers in that table of coach salaries. That number is in fact $3M. I'm not sure we know what he owes the school if he leaves early but I bet Moos knows by now.

I thought someone posted a list of coaches and their buyouts on here last week. I remembered SF buyout being something like $4.5M.

 

[WHCSC]

keeper coach

What is a keeper coach?

 

[Nebraska Fan]

What is a keeper coach?

one of the coaches you keep with you when you leave

 

[WHCSC]

one of the coaches you keep with you when you leave

I assume HCSF would want his whole staff to come with him, wouldn't he? Would someone on his staff be in line to take over UCF?

 

[Nebraska Fan]

I assume HCSF would want his whole staff to come with him, wouldn't he? Would someone on his staff be in line to take over UCF?

He has a good staff for sure but he also has a staff he could assemble based on the budget at UCF. I would think he and his coordinators would look long and hard if they have guys that pass mustard at the next level.

 

[Juan Malo]

He has a good staff for sure but he also has a staff he could assemble based on the budget at UCF. I would think he and his coordinators would look long and hard if they have guys that pass mustard at the next level.

Some of them may never ketchup.

 

[Headcard]

I assume HCSF would want his whole staff to come with him, wouldn't he? Would someone on his staff be in line to take over UCF?

I don't think so. Some of his staff are from UCF, some could probably be upgraded. Also, Walters could be the next HC at UCF, if Frost leaves. I bet he quickly hires OC and DC and then interviews position coaches with them.

 

[coachDubs]

Frost's buyout is 50% of his remaining contract (guaranteed salary) or $3,000,000 - whichever is less.

He has a $2,000,000 salary through the 2021 season which totals $8M. But that's moot as 50% of that is greater than $3M.

Nebraska would owe UCF $3M, unless NU can negotiate that down.

 

[TruHusker]

If a coach we're offered late November, they do not have long to recruit and get their staff in place. The new early signing date kind of changes the Dynamics.

It becomes real touchy because as a coach I would want to finish the season with my team, just like you tell them to finish what they started. Then you are essentially a year behind in recruiting.

 

[jimbosc]

Generally speaking a head coach accepting a new job will vacate his position for the bowl game. UNLESS the team is playing for a MNC (see Pelini as DC at LSU). If UCF finds a way into the college football playoff - which seems very unlikely - he would stay to coach the team. Otherwise - they will appoint an interim head coach (and keep most of the staff in place) while Frost works with the existing Husker assistants to start the transition. He probably makes a few quick hires, fires some coaches right away (Diaco before he leaves FL)...etc. etc. etc.

 

[dinglefritz]

Frost's buyout is 50% of his remaining contract (guaranteed salary) or $3,000,000 - whichever is less.

He has a $2,000,000 salary through the 2021 season which totals $8M. But that's moot as 50% of that is greater than $3M.

Nebraska would owe UCF $3M, unless NU can negotiate that down.

That is the exact same formula that the Orlando Sentinel lists for the buyout IF UCF were to fire him. USA Today uses that same set of numbers but clearly states that's the School's liability not the coach's. I have not seen a single reliable source listing what he would (or NU) would owe UCF. Somebody posted a supposed copy of his contract but it didn't look real to me. I'll believe the number's thrown out there when I see it because up to now every internet story I've seen appears to be using the USA Today info which is clearly stated by them to be what UCF would owe him if they fired him. I haven't looked the last couple of days, but up until then I didn't see any reliable sites reporting the number.
Edit: Football Scoop is who supposedly has a "copy" of his contract but I don't consider Football Scoop reliable. I would imagine NU will have to report it so we'll find out soon enough and I don't think it's a toe stubber even if it's higher anyway.

 

[coachDubs]

That is the exact same formula that the Orlando Sentinel lists for the buyout IF UCF were to fire him. USA Today uses that same set of numbers but clearly states that's the School's liability not the coach's. I have not seen a single reliable source listing what he would (or NU) would owe UCF. Somebody posted a supposed copy of his contract but it didn't look real to me. I'll believe the number's thrown out there when I see it because up to now every internet story I've seen appears to be using the USA Today info which is clearly stated by them to be what UCF would owe him if they fired him. I haven't looked the last couple of days, but up until then I didn't see any reliable sites reporting the number.
Edit: Football Scoop is who supposedly has a "copy" of his contract but I don't consider Football Scoop reliable. I would imagine NU will have to report it so we'll find out soon enough and I don't think it's a toe stubber even if it's higher anyway.

dingle, dingle, dingle, after all these years you should know better...

Link #1

In the contract amendment — made effective April 1, 2017 — Frost’s one-year extension bumped his salary from $1.7 million to $2 million and increased his assistant coaching salary pool by $50,000 dollars. Frost’s buyout clause is one half of the guaranteed salary for the remaining term of the agreement or $3 million dollars.

Link #2

Coach owes the school half of whatever salary remains on his contract or $3,000,000 — whichever figure is less.

 

[dinglefritz]

dingle, dingle, dingle, after all these years you should know better...

Link #1


Link #2

Exactly. I saw those stories as well. The Orlando paper doesn't specify IF that buyout is what UCF owes him or if that's what he owes UCF. Newsday is not a reliable site. I consider the Orlando Sentinel to be reliable but they do not specify that it is the same for either possibility. Generally, public institutions don't have to report something that is not a financial liability to the institution and what Frost would owe would not be a liablity. I guess I've read too many contracts to take what they are saying at face value. I'm an analytical skeptic when it comes to contracts and I'm not sure that reporters are always well informed and accurate. We'll see.

 

[coachDubs]

Exactly. I saw those stories as well. The Orlando paper doesn't specify IF that buyout is what UCF owes him or if that's what he owes UCF. Newsday is not a reliable site. I consider the Orlando Sentinel to be reliable but they do not specify that it is the same for either possibility. Generally, public institutions don't have to report something that is not a financial liability to the institution and what Frost would owe would not be a liablity. I guess I've read too many contracts to take what they are saying at face value. I'm an analytical skeptic when it comes to contracts and I'm not sure that reporters are always well informed and accurate. We'll see.

Move on.

Not only that, this link here talks about the money owed if UCF terminates employment.

UCF would also owe Frost half of his guaranteed annual compensation if he was terminated without cause.

Cut your losses dingle, next topic.

 

[dinglefritz]

Move on.

Not only that, this link here talks about the money owed if UCF terminates employment.


Cut your losses dingle, next topic.

Thanks for the link. That article From the Orlando Sentinel does make it appear that the school's buyout and the coach's buyout are the same. I'm not sure why that article didn't come up in my searches. It stuns me that's all they put in for him to buyout of his contract given the history of coaches leaving their conference.