From the basic math skills I developed as a child.
Cal's buyout is almost 34 million. A couple of the assistants also have buyouts. They aren't that large, but they add up to a few hundred thousand.
To hire a good new coach, will require around a 5 yr 35 million deal. That breaks down to around 7 million per year. For reference, the popular choice is Drew. His current Baylor deal is over 8 years and averages 7.25 million. He only earns 5.2 the first year, but it raises each year and averages out to 7.25. He also just turned down 8.5 at UL. So, 5 years at 35 will be just a bit above his current Baylor deal, which they will counter and likely drive us to counter as well.
The 34 plus 35 is already 69. Then you have to provide perks and benefits, plus another roughly 2 million annually for assistants and staff. That adds another 10 million over 5 years. So now you're at 79 million. But you also still have to provide those assistants with benefits and perks as well.
Now, this doesn't factor in the buyout we will have to pay that school to hire their coach away, nor the payroll taxes the university has to pay on all of this.
So, that will be well over 80 million. And then you have the Elzy buyout and the new coaches contract, plus their assistants.
Are you seeing it now?
