Stoops Contract?

[UedK]

Does anyone know the process that led to the totally lopsided Stoops Contract?

Was there any oversight? Board of Trustees review/approval? UK President review/approval?

How could Barnhardt have sold this deal to a bunch of people with suposedly UK's best interest at heart? This whole deal needs to be brought to light and wholesale changes made.

 

[TCurtis75]

Does anyone know the process that led to the totally lopsided Stoops Contract?

Was there any oversight? Board of Trustees review/approval? UK President review/approval?

How could Barnhardt have sold this deal to a bunch of people with suposedly UK's best interest at heart? This whole deal needs to be brought to light and wholesale changes made.

Not sure the process but the BoT and Pres have to approve any contracts. Mitch doesn't have free reign on them.

 

[CRZ4UK]

Everyone is calling it a buyout but it isn’t exactly that. Stoops is almost on year one of his contract because Barnhart gave a year extension for every season with seven wins. It not actually a buyout. Stoops is under contract for YEARS and we would need to pay 75% of the remaining contracts years.
We’re 7 win seasons that valuable??
The way I understand it.
7 years still on Contract
9 million a year= 63 million.
63 million X .75= 47 million.
Stoops doesn’t actually make 9 million. It’s like 8.7.
Anyways kinda like that.

 

[jgraf_1]

it's the same place UK was stuck with cal and with elzy. mitch gives out contracts that majorly benefit the coaches. cal did uk a favor.

look for mitch to give pope a lifetime contract if they win one post season game this year

 

[CRZ4UK]

it's the same place UK was stuck with cal and with elzy. mitch gives out contracts that majorly benefit the coaches. cal did uk a favor.

look for mitch to give pope a lifetime contract if they win one post season game this year

I’m no Mitch fan but every AD is giving out these contracts. That’s what it takes to sign them with top notch agents.
That’s a new contract. After 12 years it should be much lower.

 

[Cotaay]

Unless this contract is different than most, we wouldn’t owe Stoops $40M immediately if we let him go, it would be 80% if what he would have made per year for the remainder of the contract and would be offset by the amount of whatever his next job is.

So basically we only owe him the full amount if we fire him without cause and he never works again. So not as bad as people make it out to be.

Disregard everything I said if somehow Barnhart signed the worst contract in history, but doubt it would get approved.

 

[CRZ4UK]

Unless this contract is different than most, we wouldn’t owe Stoops $40M immediately if we let him go, it would be 80% if what he would have made per year for the remainder of the contract and would be offset by the amount of whatever his next job is.

So basically we only owe him the full amount if we fire him without cause and he never works again. So not as bad as people make it out to be.

Disregard everything I said if somehow Barnhart signed the worst contract in history, but doubt it would get approved.

Others have researched it. Lump sum. Due in 60 days. Yes, it’s that bad.

 

[LordEggForgotHisPassword]

Why isn’t totally sucking and abandoning your job to let others do it adequate to be “for cause.”

 

[LosGatos]

Unless this contract is different than most, we wouldn’t owe Stoops $40M immediately if we let him go, it would be 80% if what he would have made per year for the remainder of the contract and would be offset by the amount of whatever his next job is.

So basically we only owe him the full amount if we fire him without cause and he never works again. So not as bad as people make it out to be.

Disregard everything I said if somehow Barnhart signed the worst contract in history, but doubt it would get approved.

On the other hand, if we fire Stoops it's very likely we will have to buy out the entire staff as a new coach will want his pick for a new staff. Per KSR (I think that's where I saw it) that another 11M.

I've also seen 44M as the buyout number. If so, it 55M total.

 

[Cotaay]

Others have researched it. Lump sum. Due in 60 days. Yes, it’s that bad.

If that’s the case, then yes - a worst contract in history.

 

[3632]

He was given a raise after 10 wins. Understandable. Then he started off well the next season like he often did because of the non cons being early and mix in a win over these down Fla teams and he was given another one mid year the next year because AD was concerned about the jobs coming open. Then we proceeded to devolve the remainder of the season including losing to Vandy when the announced after that game they had agreed to a new raise of another like 2 mil. That was the dumb raise even at the time. It was a panic move over hypotheticals that hadn’t even occurred yet. It was the ‘make him happy in case something comes along’ thing. It has always been my contention that if you wanted to do something else right after the prior raise just allocate more recruiting money and resource money to show support and give him arrows to shoot without tying yourself into a guy at that much money and that much term.

 

[Boz]

The newest contract removes the automatic extension at 7 wins.

 

[rick64]

UK lucked out with Arkansas taking CCC off their hands. Won't be that lucky with Stoopid.