Cal?
I think at this point he’s never going to win us another title.
I think at this point he’s never going to win us another title.
Is spending $27m worth getting rid of
- Thread starter morristhecar
- Start date
John Calipari Contract & Buyout Breakdown at Kentucky - Boardroom
As rumors swirl about Coach Cal and Texas, Boardroom takes a look at what exactly is in the John Calipari contract at Kentucky.
Mitch should be fired as well for structuring the deal like that.
We could always get rid of him, and hire an upstart guy in the middle for cheap, to offset the cost. If he land that lottery ticket? Perfect, we have our coach. If not, we get rid of him and throw the bank at someone else.
The results and total cost won't be much different, looking back in 2028.
The results and total cost won't be much different, looking back in 2028.
If UK doesn’t want to become irrelevant, yes.
Joe Craft is worth 1.5 billion dollars. If/when Joe Craft gets tired of Cal's schtick, then Cal will "leave to pursue other opportunites." No way UK says Cal is fired (even though he should be). It'll be UK's polite way of saying GTFO.
Actually IF anyone at UK had any guts they'd sue him for non-performance. It can easily be proven. Just use plain numbers. John Calipari could never EVER prove he could coach. Any winning he's EVER done is because his team was too good to lose.
Not sure recruiting is the bench mark for a competent coach. Looks like Cal has lied his way to the golden gates...
Not sure recruiting is the bench mark for a competent coach. Looks like Cal has lied his way to the golden gates...
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Sure wish UK would become impolite and do what needs doing!
That sh*t was approved by Eli though. You would have to go to the top. It is like a giant ponzi scheme...lol.
This is the best solution maybe get and older coach cheap for a few years huggybear Rick Stansbury type would be ok as well
Worth every penny.
And once he leaves the Cal nut huggers are going to cry because he is going to bash 100% of the fan base.
some of you will see him for what he really is.
And once he leaves the Cal nut huggers are going to cry because he is going to bash 100% of the fan base.
some of you will see him for what he really is.
The $1 million ends in 2029 too. It’s not a lifetime thing. If he’s bought out, it would be for the remainder of his coaching contract. If he transitions into the admin role and is then bought out, they would owe him $1 million/year up until 2029.
Maybe we can self report NCAA violations and fire him without pay for that. The. Give the NCAA 8 million to not sanction us. It worked for UT football
Not one to check social media but what has his family been posting now? Wouldn't mind knowing but sure won't waste time checking... A whole lot of chirping going on? Should be crickets but no one has shame anymore...
If UK sued him for cause (Non-performance.), they'd win. It needs to happen...
You really wouldn’t need to go too cheap. If UK bought out Cal and paid a coach $6 million/year, they would only be on the hook for $4 million more annually through 2029 than they would if they kept him.
Find donors to pay half and then UK pay the other $2 million annually. But UK could afford that in their current budget without donor help.
You broke the payout down in a thread the other night. Might bear repeating here if you have it handy for a quick copy and paste.
Nope. UK would lose that battle in court in the blink of an eye. For cause is very specific in his contract. Nothing he has done violates his contract for cause.
Anybody got a sack full of kiddie porn we can throw in Cal's Benz? We may not have to pay the buyout.
What does Cal do well? People say he is a great recruiter but recruiting doesn’t really mean a lot if you can’t construct a team from random 5 stars. Purdue probably has very few 5 stars, UCONN might not have any either. Cal not only can’t coach, he doesn’t evaluate talent well and doesn’t have a system that he recruits for. Cal doesn’t say, we need an awesome rebounder and defender, and finds one. He takes the highest ranked player and often times it’s not the Elite 5 stars anymore. Dilly and Reed are our best freshman and they were the lowest ranked.
It could be litigated well if UK would only take on that fight. I do not agree with you. many items are included in college coaching requirements.
If I were the Board, I would simply call Mitch and Eli in a meeting and say:
Based on the recommendations from you two we are in this shit-show. Find a way to buy him out or we will be looking for your replacements.
Based on the recommendations from you two we are in this shit-show. Find a way to buy him out or we will be looking for your replacements.
My understanding of the contract is that it's through the 28-29 season as either a coach, or ambassador. Here's a snippet from online sports publications outlining some of the details concerning this role.
"While Calipari's record-shattering deal in 2019 was termed a lifetime contract, the truth is that it was not. It's simply a lucrative, long-term deal that offers Calipari the opportunity to continue collecting a nice salary until June of 2029."
This contract isn’t guaranteed to last through 2028-29, however. After the 2023-24 season, Calipari will have a chance to opt out of the deal and accept a role as Special Assistant to the Athletic Director. If he were to exercise that option, Calipari would keep his $400,000 base salary for the remainder of his contract, along with an additional $550,000 per year in supplemental pay. That would make his total compensation $950,000 per year.
Here you go:
It’s stated in his contract that it’s paid out over the length of the contract on an annual basis, not one lump sum. Here is how the buyout works out annually:
24/25 - $6.4 million
25/26 - $6.8 million
26/27 - $6.8 million
27/28 - $6.8 million
28/29 - $6.8 million
The 3rd highest paid coach in college basketball is at $6.2 million (Izzo). Let’s say you bring on a coach and pay him $7 million max. That means you owe the following money between Cal’s annual buyout and the new coaches contract:
24/25 - $13.4 million
25/26 - $13.8 million
26/27 - $13.8 million
27/28 - $13.8 million
28/29 - $13.8 million
If you subtract what you’d be paying Cal annually if he remained the coach ($8.5 million in 24/25 and $9.1 million the following 4 years), you would need to come up with this much more money annually than you pay Cal right now in his contract::
24/25 - $4.9 million
25/26 - $4.7 million
26/27 - $4.7 million
27/28 - $4.7 million
28/29 - $4.7 million
In 2022, UK reported athletic department revenue of $159 million and expenses of $153.6 million, meaning they had $5.4 million at the end of the year….
It would not be difficult to get boosters on board for splitting the buyout. They pony up about $2.5 million annually and UK ponies up about $2.5 million ever year.
Too many pansies making a lot of dough. They won't unless they are threatened much better than that...
Nope. I’m telling you there is nothing he has done that violates his contract. It just doesn’t. On the court performance (or lack thereof) cannot be a reason he is fired for cause.
I hear you but I do not agree. There are skeletons that could be used. There are multiple ways to bring out Cal in seriously bad lights.
Read pages 10-13 under section 10 and tell me where you think they could get him.
https://legal.uky.edu/sites/default/files/2022-04/Coach_John_Calipari_Contract_0.pdf
What is for cause in the contract? The one I found says as defined in Paragraph 7d but there doesn’t appear to be a 7d
He is obligated to do post game radio shows and he ditches them quite often after bad losses.
We know how much it will cost to fire him… but how much will it cost to keep him?
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