Is UK too cash-poor for the buyout?

[Imafan4evr_]

Reason I’m asking: if we have to pay Stoops his salary next year as he fully burns this mess down, then buy him out afterward anyway, what’s the point in bringing him back at all? It’s not like the buyout magically goes away the longer we keep this going. On top of that, how much money does the program stand to lose by reverting back to the Joker days? How much ticket revenue, NIL donations, etc? Multiple millions per year, surely.

I realize the buyout is a stupid amount of money, but he’s getting it either way and carrying on just kills the whole program. Are we too “broke” to afford that massive hit up front by paying him now and moving on?

(By the way, I believe the wording of his contract states he gets the full amount within 60 days, which is an entirely different discussion on the stupidity of that agreement by our AD.)

 

[rick64]

You could pay another coach probably half or less of what Stoops is making for pretty much the same results. He's never been worthy of a top 10 salary.

 

[ManitouDan]

Maybe paying $$$$ for the team to stay at a hotel in Lexington on Friday nights is a bad investment.. can you imagine the price tag on a season of that ?

 

[CRZ4UK]

Only 2 schools have ever paid a buyout that high I read. If Barney has shown anything it’sthat he’s NOT a trailblazer.

 

[R.O.T.Muckinfush]

Is it true that stoops buyout is a lump sum???

 

[CRZ4UK]

Is it true that stoops buyout is a lump sum???

Yes. Due in 60 days.

 

[R.O.T.Muckinfush]

Yes. Due in 60 days.

LMFAO... that is pure shiiiite... we get to sit back and watch the program go belly up over the next few seasons. I would say stoops will be here 3 more years. The dang buyout can't be paid in a lump sum.

 

[JPFisher]

If we were considering buying Cal out, we can buy Marky Mark out. We have the best alum coach ON A SILVER PLATTER and if we slow ball this crap, we stand to lose out on at least next year's ticket revenue, a ton of fan support, and NIL – all of that in addition to an awesome coach.

IDGAF how motivated Stoops is. He had this program going well and let it slip through his fingers. I watched Kentucky football and basketball with my dad. Watching UK football is how I remember grilling and eating wings in Commonwealth Stadium's lots with him and his work buddies. I will not watch a single game and relive those days if Stoops and his inept staff pollute the sidelines next year.

And I hate saying that, but it's painfully apparent that Stoops has completely lost the plot.

 

[UKWildcats1987]

If we were considering buying Cal out, we can buy Marky Mark out. We have the best alum coach ON A SILVER PLATTER and if we slow ball this crap, we stand to lose out on at least next year's ticket revenue, a ton of fan support, and NIL – all of that in addition to an awesome coach.

IDGAF how motivated Stoops is. He had this program going well and let it slip through his fingers. I watched Kentucky football and basketball with my dad. Watching UK football is how I remember grilling and eating wings in Commonwealth Stadium's lots with him and his work buddies. I will not watch a single game and relive those days if Stoops and his inept staff pollute the sidelines next year.

And I hate saying that, but it's painfully apparent that Stoops has completely lost the plot.

Barney wasn't considering buying cal out this past off season. Arkansas saved barney.

 

[CRZ4UK]

Barney wasn't considering buying cal out this past off season. Arkansas saved barney.

Not even in his dreams. He would have tanked the Basketball program, just like he is going to the football program. Both would have been in a death spiral if not for Cal bailing his Azz out.

 

[AzubuikeandFitch]

Reason I’m asking: if we have to pay Stoops his salary next year as he fully burns this mess down, then buy him out afterward anyway, what’s the point in bringing him back at all? It’s not like the buyout magically goes away the longer we keep this going. On top of that, how much money does the program stand to lose by reverting back to the Joker days? How much ticket revenue, NIL donations, etc? Multiple millions per year, surely.

I realize the buyout is a stupid amount of money, but he’s getting it either way and carrying on just kills the whole program. Are we too “broke” to afford that massive hit up front by paying him now and moving on?

(By the way, I believe the wording of his contract states he gets the full amount within 60 days, which is an entirely different discussion on the stupidity of that agreement by our AD.)

College coaching Golden Parachute.

These buyout clauses are everything wrong with athletics. If you aren't performing your job to the expected standard then you should be terminated, not awarded a large sum of money to cover the remaining yrs.

This is on Mitch for agreeing to the terms of an absurd buyout amount for mediocre results. Only a select few coaches should be able to dictate large buyouts.

 

[rick64]

Is it true that stoops buyout is a lump sum???

I'm sure if Mitch did decide to cut bait, it could be negotiated to spread over several years. Would be less of a tax hit for Stoops, and less painful for UK.

 

[bthaunert]

College coaching Golden Parachute.

These buyout clauses are everything wrong with athletics. If you aren't performing your job to the expected standard then you should be terminated, not awarded a large sum of money to cover the remaining yrs.

This is on Mitch for agreeing to the terms of an absurd buyout amount for mediocre results. Only a select few coaches should be able to dictate large buyouts.

The buyout amount 75% is the going rate for coaching contracts at the P4 level. That's pretty much the standard. Whether we think he should have it or not, it's what is in coaching contracts nowadays. Texas A&M had the Jimbo buyout and Elko's contract includes the 75% clause (80% if he's fired with 3 or more years remaining on his contract).

The issue isn't the 75% buyout as that is never going away. The issue is the length of the contract. Stoops original contract was 5 years (Pope just signed a 5 year contract). UK should never have more than 5 years remaining on a contract. If they have 2 years remaining and you want to give them a raise...add 3 years on to the contract, keeping it at 5 years. Had his last contract been 5 years, he would only have 2 years remaining. Instead, the contract he signed was for 9 years.

Your premise about coaches not being able to be fired for what they are hired to do...win football games...is spot on.

 

[Imafan4evr_]

I’m not overly familiar with buyouts at other places, but it’s the upfront payment on this one that rubs me wrong. Are they mostly all like that now? $44 mil paid over 5 or 6 years, for example, looks much more palatable on paper for the university. Stoops should never have been considered so valuable to us that the AD would feel the need to agree to that stupidity.

 

[R.O.T.Muckinfush]

Stoops ain't going nowhere guys. The leadership is ignoring us dumb fans. We gotta make em pay. All the spin and propaganda in the world won't trick the fans into supporting this crap this time.

 

[BlueBallz]

Only 2 schools have ever paid a buyout that high I read. If Barney has shown anything it’sthat he’s NOT a trailblazer.

From what I looked up, only one and that was Jimbo, the next highest was Malzahn at Auburn, which was $21.5 million, unless I missed something

 

[CRZ4UK]

From what I looked up, only one and that was Jimbo, the next highest was Malzahn at Auburn, which was $21.5 million, unless I missed something

I can’t believe all the people that say … just pay it. Like 44 million grows on trees.
Plenty of schools are stuck with a coach because of insane buyouts.
Florida, Florida St. , Auburn, and LSU would all have new coaches if it wasn’t for their buyouts.

 

[chevyman 50]

Ky paying Stoops 9 million a year its going to cost as much of a buyout anyway in a few years. I think they could come up with the money Ky is not a poor school.