Spurrier made $75K at Duke in 1987

Discussion in 'Main Sports Forum' started by BMF, Mar 12, 2018.

  1. BMF

    BMF Bad Mother....
    Lifetime Member

    Joined:
    Sep 8, 2014
    Messages:
    9,859
    Oxbucks:
    $6,174
    Ratings:
    +11,663 / -148
    Robbie Andreu actually wrote a good article.... The Spurrier to Duke opening is great! And it's comical that the AD at Duke's name was "Butters"! :D

    Football coaches across SEC negotiating rich rewards even for losing


    http://www.gatorsports.com/2018/03/...sec-negotiating-rich-rewards-even-for-losing/

    During Steve Spurrier’s first interview for a college football head coaching job, there were no lawyers or agents or advisors in the room. It was just Spurrier and Duke athletic director Tom Butters having a pleasant, one-on-one conversation.

    The subject of money never came up.

    “(Butters) said, ‘We want to hire you. Go back and talk to your wife Jerri,’ ” Spurrier said. “He called me back and I said, ‘I’m ready to come.’ So we had the press conference the next day. After the press conference, he said, ‘Come by tomorrow morning and I’ll tell you what you’re making and all your assistant coaches are making.’ I said, ‘OK.’ ”


    Just like that, Spurrier took the job not knowing how long it would be for or how much he’d be making.

    “I had no idea,” he said. “I walked in and he said, ‘The last coach here made $74,500. I’m going to bump you all the way up to $75,000 even.’ So I got $500 more than Steve Sloan. That was it. It was a one-year deal.”

    That was back in 1987, 31 years ago. But it might as well be 100 years ago now, given how much has changed with the business end of college football since then.

    We are now in the era of the mega, multi-year, multi-million dollar coaches’ contracts, where agents are involved and the money figures soar every year. And with the big contracts have come big buyouts that either go to the coach or the school if the contract is ended prematurely by one of the parties.

    Following a 2017 season that saw 14 FBS coaches fired or forced out, schools are on the hook for almost $70 million in combined buyouts to coaches. The University of Florida is in for a $7.5 million chunk for parting ways with Jim McElwain.

    The buyouts have become the next big thing in college football.

    In negotiations between agents and athletic directors, the buyout clauses are now more difficult to settle on than the actual salary, says Martin Greenberg, a Wisconsin-based attorney who has specialized in college coaches’ contract formation and termination for more than 25 years.

    “The truth to the matter now it’s not what the package number is, it’s the buyout number that is really important,” Greenberg said. “That’s where most of negotiations are going these days. You can pretty much determine the market rate for what a package is for a coach, based on the conference he plays in and the competition. It’s these backend deals, the exits, that have become the biggest negotiation points in college athletes.”

    This is a fairly new trend.

    Back in the day, Spurrier did not have a buyout clause in a new Duke contract he’d signed after the 1988 season. When Florida, his alma mater, came calling at the end of the 1989 season, he still had two years remaining on his contract, but there was no doubt he was leaving.

    And Butters wasn’t about to try and stop him. Instead, he shook Spurrier’s hand and wished him good luck.

    It doesn’t happen that way today.

    Now, when a coach leaves for another school before his contract is up or he is fired without cause, money is going to flow to either to the coach or to the school.

    Sometimes very big money — like the $10.4 million Texas A&M owed Kevin Sumlin for firing him without cause after last season.

    Sometimes ridiculous money — like the $35 million Clemson would owe Dabo Swinney if the school did the same to him this year.


    Infogram
    And sometimes it flows in the opposite direction — like the $8 million Jimbo Fisher had to pay Florida State in December for breaking his long-term contract to sign a guaranteed 10-year, $75 million contract with Texas A&M.

    What it all means is that in college football, there is no sure thing when it comes to these lucrative, long-term contracts. Because either side — the school or the coach — can end it at any time if they are willing to pay the price, often a heavy one.

    “We’re fooling the public (with these long-term contracts),” Greenberg said. “What we should really be saying is this is a contract where there’s no real reason anybody has to stay because both sides have the right to walk away from a committed term. All it takes is money. We know that recipient universities participate in the payment of basically the coach that we ultimately want. It’s like a revolving money circle.”

    (The buyouts have also grown big in college basketball. Duke’s Mike Krzyzewski has a $30-million buyout if he is fired without cause, while Kentucky coach John Calipari’s buyout is $19,570,000. At UF, Mike White’s is $8,822,917.)

    The buyouts are critical for both sides.

    In this era where ADs seem quicker and quicker to pull the plug on a coach when things aren’t going well on the field, the coaches are looking for some sort of financial security if they are fired without cause.

    At the same time, the ADs are looking to hold onto successful coaches by making them pay if they choose to leave for another school before their contract ends.

    “The buyout is one element of any agreement,” said former Florida football star and Gainesville-based agent Trace Armstrong, who represents several prominent college coaches, including Urban Meyer, Kevin Sumlin and Tom Herman. “There are multiple elements to them. You try to get something that’s balanced and works for both parties.”

    There are two buyouts in every contract: one that goes to the coach if he’s fired without cause, the other to the school if the coach leaves for another school while he’s still under contract.

    “I think with schools, as they look at a coach that maybe is not succeeding, there is the thought of, ‘What will it cost me to fire him?’ And that’s where those guarantees come in,” Armstrong said. “And there’s the other cost, what it costs the program (if a struggling coach is kept). Fan support and attendance and sponsorship sales, etc. A lot of times, they will look at coaches like this and just make a business decision (to fire them).”

    Schools can fire coaches at any time without cause.

    According to the Marquette Sports Law Review, termination without cause “usually involves a failure to win games, lagging tickets sales, dwindling attendance, unhappiness among boosters, loss of interest in the program, changes in atmosphere.”

    Coaches fired with cause typically do not get a buyout.

    “For cause, it implies some type of wrongdoing: moral turpitude, violation of NCAA, conference or university rules,” Armstrong said. “Losing games is not (considered a cause).”

    That’s why coaches and agents try to negotiate significant buyouts. It provides some financial backup should a coach get fired for not winning enough.

    When Texas fired Charlie Strong after the 2016 season, he gained some financial security in the form of a $10 million buyout to be paid in two installments over two years. But he said money is not what’s on a coach’s mind after he’s fired.

    “You wonder if you’re ever going to coach again,” he said. “You still want to coach. It’s that more than anything else.”

    Strong was not unemployed long. Two weeks after he was fired, he was hired as South Florida’s head coach.

    Some of the buyouts appear outrageous — like the $40 million Clemson put on the first year of Dabo Swinney’s new contract last August. Armstrong said those big numbers can be deceiving because buyouts decrease over the course of the contract as the contract’s overall value becomes less.

    “You say 40 million. But that’s someone that’s literally just signed a contract,” Armstrong said. “When you start looking at it from a practical standpoint, it’s really what happens after year two or year three in the agreement. That number is probably in reality, not quite as high. Most of these deals, many of them include offset litigation for a school has the opportunity to recoup some of its other losses.”

    Texas got slight relief in the Strong buyout. The school had a 50-percent offset in Strong’s buyout if he landed another job. His first-year salary at USF was for $1 million, which means the buyout was reduced by only $500,000 for each of the two yearly installments.

    As for coaches seeking financial security, Florida athletic director Scott Stricklin suggests they should start by looking in the mirror instead of at their buyout in their contract.

    “From the school’s perspective, the guaranteed money for a coach who is not successful, that’s the one I wish we would all be smarter about,” Stricklin said. “You’re in effect, paying someone for failing. An agent or a coach will come back and say, ‘Well this person needs security.’

    “Security is be successful and do your job well. That’s the only security any of us in life have. If you do well, and if you’re productive, then you have security. And if you don’t, you’re probably not going to have security.”

    Boosters rarely contribute to a school’s buyout to a coach, but some of the cost can be passed on indirectly to the fans in terms of increased booster fees and raised ticket prices.

    “In some ways, the fans would probably do their school more of a service if they just said, ‘We’re going to trust whoever you get, and go get the best guy and save us as much money as possible in the meantime,’ ” Stricklin said. “Because the fans end up paying for it in terms of tickets and donations.”

    The way things are now, big money is changing hands with almost every coaching change.


    SEC coaches buyouts
    Infogram




    (continues)
     
    • BMF

      BMF Bad Mother....
      Lifetime Member

      Joined:
      Sep 8, 2014
      Messages:
      9,859
      Oxbucks:
      $6,174
      Ratings:
      +11,663 / -148
      The McElwain drain

      The University of Florida could be a case study for the high cost of hiring and firing football coaches. And how quickly it can snowball.

      The Gators have fired three of their last four coaches without cause — Ron Zook, Will Muschamp and McElwain — at a combined buyout cost of $15,150,000.

      The biggest financial drain occurred over a three-year period and involved only one coach.

      McElwain.

      To hire him away from Colorado State, Florida’s University Athletic Association had to deal with his $7 million buyout. After three days of negotiations, UAA agreed to pay CSU $3 million over six years and agreed to play the Rams in The Swamp (that game will be played this season), with UAA paying CSU $2 millon for the game, which is about $1 million more than the usual rate for guaranteed games. McElwain owed $3 million out of his own pocket.

      To part ways with him last November, UAA agreed to a $7.5 million settlement with McElwain that will be paid to him over the next four years. It could have been worse. McElwain’s buyout was for $12.9 million, but it was negotiated down after both parties agreed to go their separate ways.

      If you add up McElwain’s buyout, settlement and salary, the total is $22,350,000 for less than three years of employment. That comes out to $1,015,909 per win.

      UAA has already paid McElwain two installments on the $7.5 million settlement: $3.75 million on Dec. 1 and $250,000 on Feb. 15. The next payment, $1 million, is due July 1.

      School officials told The Sun that the athletic department’s outstanding buyout balance is currently at $12,247,557 for McElwain, assistant coaches and staff members.

      “Florida is a good example (of what can happen), because they seem to be making mistake after mistake and it’s costing a lot of money,” Greenberg said. “But don’t believe for one second that Florida is the only one that is on the hook. There’s a replete list of universities that have suffered these consequences. Florida is just interesting because they seem to do it time after time.”

      Former UF athletic director Jeremy Foley hired Zook, Muschamp and McElwain and fired the first two.

      “These buyout numbers are consistent with what you see across the landscape of college football,” Foley wrote in an email to The Sun.

      Stricklin is hoping UF’s recent trend will change with the hiring of Dan Mullen. Stricklin not only knows and trusts Mullen from their days working together at Mississippi State, but Mullen is a proven winner in the SEC who has shown he has staying power based on his nine seasons in Starkville.

      Mullen’s MSU buyout was only $500,000. His buyout at UF is $12 million, so UF would be on the hook again if he does not work out. If he leaves for another school before the end of his contract, his buyout to UF is $2 million.

      In the meantime, for the next four years, UF will be paying two coaches — Mullen and McElwain. The athletic department also still owes Muschamp $792,000 that is due in November.

      “I’ve been asked the question, ‘how do you prevent getting in this situation?,’” Stricklin said. “You prevent getting in this situation by hiring successful coaches you don’t have to start paying buyouts to. Making bad coaching decisions end up being very costly.

      “I’m looking forward to the day that we’re not paying off anybody and we’re able to take the money that we were paying to buyout coaches and reinvest it in things that benefit our athletes and our fans.”

      That day isn’t here yet.

      Don’t poach my coach

      Back in 2012, when then Colorado State athletic director Jack Graham hired McElwain, he came up with a plan that he hoped would help keep his new coach on board for at least five years.

      During negotiations, McElwain agreed to a $7-million buyout if he left before the end of his five-year contract. The entire sum would be due within 30 days.

      “I felt like that was a significant enough deterrent that it would take him off the marketplace,” Graham said.

      Unfortunately for the Rams (and, perhaps the Gators), the hefty buyout did not deter Florida from swooping in.

      But a similar big buyout may have worked at Iowa State last season.

      With all those coaching jobs coming open late last season, the name that kept popping up as a possible leading candidate was the Cyclones’ Matt Campbell, a young up-and-comer who many have predicted could be the next Urban Meyer in college football.

      But Iowa State athletic director Jamie Pollard did not receive a single phone call from other ADs expressing an interest in talking to Campbell.

      Was his big buyout — $9 million — the reason?

      “Perhaps,” Pollard said. “But I also know that, as we always say in the industry, when someone contacts you it’s over. It’s too late. When they’re contacting you it usually means it’s over. You really don’t want anyone to contact you. That’s usually just the end, not the beginning.”

      Usually when the call doesn’t come, it’s because the coach has told his agent he’s not interested in leaving for another school.

      Campbell and Pollard had been talking about a new contract throughout the season, and it was negotiated in late November — six years for $22.5 million with a $7-million buyout.

      “I knew he had things he wanted to accomplish here,” Pollard said. “How it all played out, it was neat in this day and age where not a lot of people actually do what they say they’re going to do. He said he was going to stay. He said, ‘Don’t worry about it, I’m not leaving, so don’t worry about it at all.’ I really wasn’t, but he reinforced that for me at the end of the year by not having done anything.”

      Shortness of the long-term deal?

      Clemson made headlines and sent a clear, strong message to its coach and the school’s fan base when it announced last August that it had rewarded Swinney, who led the Tigers to a national championship seven months earlier, with a new eight-year, $54-million contract that included the $40-million buyout, the biggest in college football.

      That contract, and that buyout, shows Clemson’s commitment and faith in their coach.

      Commitment to him. Faith that he will remain at the school long term.

      “Absolutely,” Clemson athletic director Dan Radakovich said. “It’s our commitment to him. To his family. To our football program. We’re in this for the long haul, and we want him to lead our program for a long time.”

      The big contract and buyout certainly have given Clemson and its fans a secure feeling about their coach staying. That, of course, could change at any time.

      Swinney played football at Alabama and Nick Saban isn’t going to coach forever. If the job comes open, speculation is the Tide will target Swinney. If that happens, he’ll be free to leave if he chooses, at a price.

      His buyout to the school if he leaves in 2018 is $6 million. It drops to $4 million in 2019. His buyout if he is fired without cause lessens by $5 million each season.

      The potential Tide threat is a bit unnerving for the Tigers, but Radakovich said he thinks Swinney’s love and loyalty for Clemson would be a factor if Alabama comes calling.

      “I think Dabo is happy here,” he said. “He’s built this program his way, with his belief system, the way he wants to run a program. And there’s a lot to be said for having built it yourself.

      “We’re going to continue to support him when we have needs or areas of improvement. We think there’s something pretty special here at Clemson.”

      The Jimbo jilt

      Seminole fans feel the same way about Florida State. But that, along with a lucrative long-term contract that ran through the 2024 season, was not enough to keep Fisher in Tallahassee.

      Texas A&M threw unprecedented money at him in December ($75 million over 10 years, guaranteed) and he jumped at it. He paid FSU about $8 million to buy out of his contract.

      It’s pretty rare for a highly successful coach at an elite program like FSU to make the leap to a program that is still striving to become elite.

      This situation was different. A&M, at the moment, has what FSU does not — ridiculous money to spend on a coach and palatial facilities.

      “I guess I wasn’t totally surprised (that he left),” FSU athletic director Stan Wilcox said. “I knew that Jimbo had a pretty good situation here. There were things here that were very attractive for him to stay. I knew there were things that were very, very attractive for him at Texas A&M.

      “It’s a matter of when you look at the resources of an athletic department, sometimes you are maybe not at par with somebody with the resources they have, so you’re somewhat limited in what you’re willing to do, because you have a fiscal responsibility to the university.”

      Like Clemson with Swinney, FSU showed its commitment to Fisher with a huge buyout in his contract should he be fired without cause — almost $40 million. But in the end, it didn’t matter.

      “Over the years, we continued to make modifications to help him feel as comfortable as he possibly could to stay here,” Wilcox said. “At some point it gets to a point where we can only do so much, and he has to make that decision.”

      Jimbo went for the money.

      (continues)
       
    • BMF

      BMF Bad Mother....
      Lifetime Member

      Joined:
      Sep 8, 2014
      Messages:
      9,859
      Oxbucks:
      $6,174
      Ratings:
      +11,663 / -148
      The money train

      Agents and ADs agree on one thing: these lucrative contracts with the big buyouts are only going to grow.

      “(There is no ceiling) as long as college football is still the most marketable sport in the country,” said Armstrong, who has been negotiating a new contract extension for Meyer with Ohio State. “I think when you look top to bottom, you look at fan attendance and support, viewership, the market for college football is still really, really strong. And that looks to remain constant for certainly the near future.”

      Said Stricklin: “It’s an interesting ecosystem. I don’t know how you back up from where we are. I’d love to see it backed up, but I don’t know how you do that.”

      Overall college football attendance was down in 2017, but profits continue to swell. Last month, for instance, the SEC announced that the conference generated $596.9 million in revenue for the fiscal year 2016-17. The payoff to each school is a record $40.9 million.

      Greenberg said college football has been aggressive in staying ahead of the curve finding ways to generate more revenue.

      “It’s really sort of them adopting the financial techniques of professional football that is now making college football so wealthy,” Greenberg said. “It’s in the form of the enhanced seating, naming rights, the television contracts, the corporate sponsorships, the donor programs that exist.

      “It’s a carbon copy of the pro model that they have picked up. So, they have these monies. I’m not saying it’s the best use of the monies. I’m very much opposed to using monies for these large payoffs, but it’s strictly a business decision and now it’s just become part of the game.”

      Spurrier, whose old-school first Duke contract is now a distant memory, questions whether all this money will turn out to be too much for some.

      “You sometimes wonder if all the money has a way of affecting coaches to think, ‘Well, even if we don’t do very well, guess what, I’ve got the full bundle on the way,’ ” Spurrier said. “I don’t know, sometimes it’s interesting. You would think people that have anywhere between seven and 10 million dollars, how different are their lives if they have 100 million? I don’t know.”

      We may find out soon enough.
       
      • T REX

        T REX Well-Known Member
        Lifetime Member

        Joined:
        Jun 24, 2014
        Messages:
        9,241
        Oxbucks:
        $1,918
        Ratings:
        +6,316 / -425
      • Captain Sasquatch

        Captain Sasquatch Mr. SQ, the Sashole
        Lifetime Member

        Joined:
        Jun 10, 2014
        Messages:
        14,280
        Oxbucks:
        $4,633
        Ratings:
        +14,132 / -300
        Adjusted for inflation, $75,000 in 1987 is like $161K today.
         
        • Swamp Donkey

          Swamp Donkey TaggelwainLivesMatter
          Lifetime Member

          Joined:
          Jun 9, 2014
          Messages:
          39,961
          Oxbucks:
          $20,997
          Ratings:
          +45,258 / -1,627
          Ole Jeremy sures knows how to value shop for those super bargains.

          Even worse, Butters was probably a the likely replacement for Satan when he retires and would have destroyed their program had we let him.
           
          #6 Swamp Donkey, Mar 12, 2018
          Last edited: Mar 12, 2018
          • lizardbreath

            lizardbreath Well-Known Member

            Joined:
            Nov 5, 2016
            Messages:
            813
            Oxbucks:
            $815
            Ratings:
            +1,267 / -29
            161K? Sign me up - I can report tomorrow morning.
             
          • lizardbreath

            lizardbreath Well-Known Member

            Joined:
            Nov 5, 2016
            Messages:
            813
            Oxbucks:
            $815
            Ratings:
            +1,267 / -29
            Is Foley just cosmically stupid or was he in fact the primary player in a sinister plot to destroy Florida football? I love a good conspiracy theory, but after everything is said and done, I'm going with a mind boggling case of the dumbass. By the way, awesome new avatar donkey.
             
            • 78

              78 Dazed and Confused
              Lifetime Member

              Joined:
              Jun 9, 2014
              Messages:
              12,592
              Oxbucks:
              $8,438
              Ratings:
              +14,407 / -471
              There's a message here somewhere.
               
              • Gatorup!

                Gatorup! Well-Known Member

                Joined:
                Nov 14, 2016
                Messages:
                123
                Oxbucks:
                $37
                Ratings:
                +102 / -11
                So that's why prices for season tickets are up, even after a losing season.
                 
                • lizardbreath

                  lizardbreath Well-Known Member

                  Joined:
                  Nov 5, 2016
                  Messages:
                  813
                  Oxbucks:
                  $815
                  Ratings:
                  +1,267 / -29
                  News flash - Foley was the worst FB AD in the history of CFB.
                   
                  • Swamp Donkey

                    Swamp Donkey TaggelwainLivesMatter
                    Lifetime Member

                    Joined:
                    Jun 9, 2014
                    Messages:
                    39,961
                    Oxbucks:
                    $20,997
                    Ratings:
                    +45,258 / -1,627
                    You know, in the military, in law and law enforcement, in business, the worst person I've found is the person that is not particularly smart, but doesn't know it and worse yet has a huge ego. That is a dangerous person.

                    Foley to a tee, IMO. Pretty dumb and yet a GIANT ego.
                     
                    #12 Swamp Donkey, Mar 12, 2018
                    Last edited: Mar 12, 2018
                    • 78

                      78 Dazed and Confused
                      Lifetime Member

                      Joined:
                      Jun 9, 2014
                      Messages:
                      12,592
                      Oxbucks:
                      $8,438
                      Ratings:
                      +14,407 / -471
                      They pay me good money to play the straight man around here.
                       
                      • soflagator

                        soflagator Senior Member
                        Lifetime Member

                        Joined:
                        Sep 4, 2014
                        Messages:
                        4,622
                        Oxbucks:
                        $5,104
                        Ratings:
                        +9,787 / -39
                        There is. It’s that in the most incredible irony, the guy who ultimately led to the rise of the coach who launched our football program, was actually named “Butters”.
                         
                        • lizardbreath

                          lizardbreath Well-Known Member

                          Joined:
                          Nov 5, 2016
                          Messages:
                          813
                          Oxbucks:
                          $815
                          Ratings:
                          +1,267 / -29
                          And worth every cent.
                           
                        • rogdochar

                          rogdochar Senior Member
                          Lifetime Member

                          Joined:
                          Jun 14, 2014
                          Messages:
                          11,623
                          Oxbucks:
                          $3,888
                          Ratings:
                          +10,100 / -91
                          The costliness of the McElwain debacle cannot be measured since he got all that money $ for severely devaluing the program that payed him.
                           
                          • RocketCityGator

                            RocketCityGator In All Kinds of Weather
                            Lifetime Member

                            Joined:
                            Aug 31, 2014
                            Messages:
                            1,196
                            Oxbucks:
                            $338
                            Ratings:
                            +1,254 / -103
                            Holy Crap!
                             
                            • stephenPE

                              stephenPE Senior Member
                              Lifetime Member

                              Joined:
                              Jul 20, 2014
                              Messages:
                              14,406
                              Oxbucks:
                              $1,201
                              Ratings:
                              +7,090 / -514
                              the worst AD in history who was the AD during 3 national titles in football and two in basketball.
                              You would be hard pressed to find another one with those credentials. Of course his AD'ship had nothing to do with any of that at all..............
                               
                            • stephenPE

                              stephenPE Senior Member
                              Lifetime Member

                              Joined:
                              Jul 20, 2014
                              Messages:
                              14,406
                              Oxbucks:
                              $1,201
                              Ratings:
                              +7,090 / -514
                              So we owe Mac 100 times what SOS was paid his first year at Duke. Crazy stuff..............good thing UF has
                              plenty of $$$$$
                               
                            • oxrageous

                              oxrageous It's Good to be King
                              Administrator

                              Joined:
                              Jun 5, 2014
                              Messages:
                              18,722
                              Oxbucks:
                              $12,295
                              Ratings:
                              +27,289 / -401
                              :facepalm:

                               

                              Share This Page

                              The Box

                              Help

                              You don't have the necessary permissions to use the chat.

                                1. There are currently no users chatting.
                                  • About Us

                                    Our community sprung up when the Gatorsports message board was shut down in the summer of 2014. We pride ourselves on offering Gator-biased, yet critical discussion among people of all different backgrounds. We are working every day to make sure our community is the best Gator message board you will find.
                                  • Like us on Facebook

                                  • Buy us a Zima!

                                    The management works very hard to make sure the community is running the best software, best designs, and all the other bells and whistles. Care to buy us a non-alcoholic Zima? We'd really appreciate it! Just click the "Donate" tab at the top of the page.