U6 releases details of settlement with Jurich
- Thread starter YouKay
- Start date
better than what the US president gets for life. Some times it pays to be a crook even if you get caught
$4.5 million, $1.76 million, and $911k, health insurance until 65, and to add insult to injury, he gets 8 seats too. It pays to know where the bodies are buried.
Betcha he sells those tickets too. Guy seems to be addicted to money and never has enough of it.
And, people who can never have enough money, are usually miserable people, because they always see someone else that has more than they do.
He stole millions from uavel and these dumb asses paid him more what a sewer
Jurich was smart to settle and made out pretty well at $4.5 million. The most he was going to get was $5.2 million while the floor was $2 million. I don't think Rick and UL will settle because Pitino won't admit to being at fault for any of the 3 national scandals around he and his program. UL was fully justified to fire Rick for cause. Rick is suing for +$35 million but may well end up with nothing.
"Under an agreement signed by former university President James Ramsey in 2011, if the university fired Jurich without cause, he would have been entitled to at least four years of his base salary, which totaled $1.3 million, as well as $450,000 in deferred compensation. If he was fired for cause, he was still entitled to one year’s pay, about $2 million to $3 million, under the agreement...."
https://www.courier-journal.com/sto...tic-director-tom-jurich-settlement/621162002/
"Under an agreement signed by former university President James Ramsey in 2011, if the university fired Jurich without cause, he would have been entitled to at least four years of his base salary, which totaled $1.3 million, as well as $450,000 in deferred compensation. If he was fired for cause, he was still entitled to one year’s pay, about $2 million to $3 million, under the agreement...."
https://www.courier-journal.com/sto...tic-director-tom-jurich-settlement/621162002/
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Why the hell would they want him around for the next 20 years? That university is full of dumbasses from top to bottom of fan base.
Jurich was out of control but I don't think he did anything criminal or had anything to do with bringing the program down - other than his decisions in who to hire and retain. I guess he skirted the line with nepotism, but considering the President of UL was embezzling and spending money thru secondary accounts, Jurich wasn't the worst offender there by far - and he did screw the city of Louisville over to the best interest of UL. There certainly wasn't anyone there that was holding him in check, and even when fired, basically he was fired for being a bully. His salary was off the charts in comparison, but so was UL's athletic revenue. He could make an argument he earned it (although how he earned it - strong arm tactics without a conscience certainly didn't win him many friends outside the UL administration)
Look, I'm not saying he is a good guy - he's a first rate ass, a tyrant and cut from the mold of Bobby Knight. But he did put together a deal by hook or by crook that had UL athletics flush with money while raising the bar for athletic accomplishments under his watch. I think perhaps his biggest mistake was seeing athletics in competition with other departments at the school instead of using them to raise the quality of the school inclusively. Of course, not holding Pitino accountable was his downfall.
Funny that at the end of the day, Petrino goes to a school where the scandal by other coaches and his AD overshadows everything bad about him. No one even mentions him anymore.
Look, I'm not saying he is a good guy - he's a first rate ass, a tyrant and cut from the mold of Bobby Knight. But he did put together a deal by hook or by crook that had UL athletics flush with money while raising the bar for athletic accomplishments under his watch. I think perhaps his biggest mistake was seeing athletics in competition with other departments at the school instead of using them to raise the quality of the school inclusively. Of course, not holding Pitino accountable was his downfall.
Funny that at the end of the day, Petrino goes to a school where the scandal by other coaches and his AD overshadows everything bad about him. No one even mentions him anymore.
Hmm, seems pale in comparison to many CEO's that were in charge of businesses just as bankrupt as U6.
Jurich didn’t have the department “flush with money.” Rather, he was a master of accounting tricks to make it appear that was the case.
Are you serious? Did you read any of the audit report? Or Postel's letter to him when he was fired?
He had his son on the Foundation payroll while calling him an employee of the athletics department, claimed the Athletics program was turning a profit when it was being subsidized under the table by the Foundation, used Foundation money to buy a damn golf course, signed several bad real estate deals without authorization by the Athletics board, and got his daughter a job with Adidas right after getting them to sign a huge endorsement deal. He also approved the previous Adidas deal that gave Pitino 95% of the money that was supposed to go the the general athletics fund. And then there are the sexual harrassment charges made by his former HR director in a recent lawsuit.
There's more but those are just the ones I can think of off the top of my head.
The U6 Athletics department was essentially a criminal enterprise that Tom Jurich ran with an iron fist. He should be going to jail and instead U6 is giving him millions to go away.
Actually it ran a consistent deficit. Was papered over using money from the Foundation. Which is why the Foundation is now broke and so is the university.
the property purchases and so forth, I thought that was the former UL prez/foundation
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I'm going have to disagree. I think Jurich is one of the main reasons the program went down. He strong armed the local media into never reporting anything wrong at ul. He created a sense that he and the athletic dept were untouchable. Anyone who dared question him or ul was blackballed. Now that Jurich is gone, the money numbers look a bit different. The guy misused funds like crazy, and basically had control over the city. I'm sorry, but he did a lot of harm to not just ul, but the city of Louisville. Screw him.
This makes me ill. People have gone to prison for less than what he's done and he gets to walk and take a fortune from a state school. If the teacher's union wants to "protest" underfunding, maybe they should start with this.
Well he did give them a gold plated sports campus. I didn't get this until I drove around there in December. It's really astonishing. Yet the university next door to it is still a craphole.
Revenues weren’t $10m higher. For 2016, UL’s athletics department revenues were $112M. For reference, UK’s were $132M. And that $112M for UL includes a $7.4M subsidy from the school.
If you look at the components of revenue that really reflect how well a department is doing, the gap becomes more obvious.
- UL
- Ticket sales: $29.0M
- Contributions: $30.4M
- Licensing: $38.1M
- UK
- Ticket sales: $37.2M
- Contributions: $25.0M
- Licensing: $65.4M
And this is just the revenue side. This doesn’t get into all the shady expense side stuff Jurich was doing to make expenses seem lower and UL look profitable.
![[roll]](http://l.yimg.com/j/assets/img/emoticons/classic/roll.r191677.gif "roll [roll]")
I wouldn't have given hoghead a nickel until the dust settled on he FBI investigation.
The latest from Crawford...
They called it a settlement. It was really a surrender.
The latest from Crawford...
They called it a settlement. It was really a surrender.
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Other than that...how was the play Mrs. Lincoln.
Petrino has the high ground in the Ville. He has to be feeling great! Hes cashing checks saying thanks suckers.
I don't know if Crawford is generally considered a Louisville apologist, but his article pretty much lines up with my way of thinking on Jurich
I don’t disagree with the intent of your statement. However do you think U6 had any legal recourse? It’s not unlike our situation with BCG.
The question in my mind is whether U6 has the standing to litigate over mismanagement and criminal matters. If they do and fail to pursue them, then they made their own bed.
For a settlement I think both parties did ok. UofL is looking at what was owed to Jurich in his original contract and saved shitloads off $$$. Jurich got paid what’s basically was a years salary and kept parts of his annuities and health insurance as if he had retired. Think what he really needed/wanted was that letter stricken so he can prance around town again and look for other jobs as well.
Hopefully the stank that had been coming from his tenure at our states 2nd flagship university is gone now.
Hopefully the stank that had been coming from his tenure at our states 2nd flagship university is gone now.
The propensity to retain troubled coaches that ultimately devastated the school would be an angle. He kept Rick after Sypher and didn’t want to fire him for the hooker scandal, Jurich had no accountability for his coaches and that mismanagement led to a third ongoing FBI scandal. He also kept Clint Hurt despite a show cause issued by the NCAA and rehired a troubled coach that while hadn’t resulted in any penalties it certainly shows a pattern of judgement that’s high risk.
Jurich keeping these coaches led to a egomaniac like Pitino to become even more brazen because the environment was ripe for it. Never mind the foundation theft or other issues, a school determined could have taken a stand. Somebody made the call to take the path of least resistance to get it over with but it gives Jurich a level of exoneration that he doesn’t deserve.
Jurich keeping these coaches led to a egomaniac like Pitino to become even more brazen because the environment was ripe for it. Never mind the foundation theft or other issues, a school determined could have taken a stand. Somebody made the call to take the path of least resistance to get it over with but it gives Jurich a level of exoneration that he doesn’t deserve.
