College's threw away over a half billion dollars on fired coaches.

[TiogaLion]

Disgusting.


By the numbers: Football ($402.3M) accounted for 75% of the dead money, with men's ($116.3M) and women's basketball ($15.1M) making up the balance. Overall, 116 coaches were paid at least $1 million not to coach.

• By conference: The SEC ($151M), Pac-12 ($114.1M) and Big Ten ($106.8M) paid far more than the Big 12 ($58.8M) and ACC ($40M). Non-Power Five schools combined for $62.8M in payouts.
• By school: Five schools paid out at least $20M: Auburn ($31.2M); Nebraska ($25.8M); Texas ($21.5M); Ole Miss ($20.4M); Kansas ($20M).
• By coach: Will Muschamp (South Carolina/Florida) led the way ($19.2M), followed by Charlie Strong ($11.8M, Texas/USF), Todd Graham ($11.1M, ASU) and Kevin Sumlin ($10.8M, Texas A&M/Arizona).

Report: College teams paid over $500 million to coaches after firing them

Football ($402.3M) accounted for 75% of the dead money, with men's and women's basketball making up the balance.

www.axios.com

 

[Midnighter]

Disgusting.


By the numbers: Football ($402.3M) accounted for 75% of the dead money, with men's ($116.3M) and women's basketball ($15.1M) making up the balance. Overall, 116 coaches were paid at least $1 million not to coach.

• By conference: The SEC ($151M), Pac-12 ($114.1M) and Big Ten ($106.8M) paid far more than the Big 12 ($58.8M) and ACC ($40M). Non-Power Five schools combined for $62.8M in payouts.
• By school: Five schools paid out at least $20M: Auburn ($31.2M); Nebraska ($25.8M); Texas ($21.5M); Ole Miss ($20.4M); Kansas ($20M).
• By coach: Will Muschamp (South Carolina/Florida) led the way ($19.2M), followed by Charlie Strong ($11.8M, Texas/USF), Todd Graham ($11.1M, ASU) and Kevin Sumlin ($10.8M, Texas A&M/Arizona).

Report: College teams paid over $500 million to coaches after firing them

Football ($402.3M) accounted for 75% of the dead money, with men's and women's basketball making up the balance.

www.axios.com

Public schools should not be able to operate like this. It’s ridiculous.

 

[leinbacker]

Disgusting.


By the numbers: Football ($402.3M) accounted for 75% of the dead money, with men's ($116.3M) and women's basketball ($15.1M) making up the balance. Overall, 116 coaches were paid at least $1 million not to coach.

• By conference: The SEC ($151M), Pac-12 ($114.1M) and Big Ten ($106.8M) paid far more than the Big 12 ($58.8M) and ACC ($40M). Non-Power Five schools combined for $62.8M in payouts.
• By school: Five schools paid out at least $20M: Auburn ($31.2M); Nebraska ($25.8M); Texas ($21.5M); Ole Miss ($20.4M); Kansas ($20M).
• By coach: Will Muschamp (South Carolina/Florida) led the way ($19.2M), followed by Charlie Strong ($11.8M, Texas/USF), Todd Graham ($11.1M, ASU) and Kevin Sumlin ($10.8M, Texas A&M/Arizona).

Report: College teams paid over $500 million to coaches after firing them

Football ($402.3M) accounted for 75% of the dead money, with men's and women's basketball making up the balance.

www.axios.com

I wonder how much was paid by boosters rather than the schools

 

[Midnighter]

I wonder how much was paid by boosters rather than the schools

It has to go through the school though, right? What’s the opportunity cost of hundreds of millions of dollars in potential financial aid or academic investment? Stanford can do what it wants - public universities should be held to a higher standard. Something like - no buy outs, contracts renew on an annual basis.

 

[BobPSU92]

Public schools should not be able to operate like this. It’s ridiculous.

AD’s laugh at not operating like this.

 

[PSU Mike]

It’s a paper concept, though. If it were 100% predictable it would be rolled into the salaries in the first place, then you could be outraged about those numbers more than you probably already are.

I’m no accountant, but do/should big schools with higher expectations carry a liability on their books representing an expected amount going to severance packages?

 

[WDLion]

Disgusting.


By the numbers: Football ($402.3M) accounted for 75% of the dead money, with men's ($116.3M) and women's basketball ($15.1M) making up the balance. Overall, 116 coaches were paid at least $1 million not to coach.

• By conference: The SEC ($151M), Pac-12 ($114.1M) and Big Ten ($106.8M) paid far more than the Big 12 ($58.8M) and ACC ($40M). Non-Power Five schools combined for $62.8M in payouts.
• By school: Five schools paid out at least $20M: Auburn ($31.2M); Nebraska ($25.8M); Texas ($21.5M); Ole Miss ($20.4M); Kansas ($20M).
• By coach: Will Muschamp (South Carolina/Florida) led the way ($19.2M), followed by Charlie Strong ($11.8M, Texas/USF), Todd Graham ($11.1M, ASU) and Kevin Sumlin ($10.8M, Texas A&M/Arizona).

Report: College teams paid over $500 million to coaches after firing them

Football ($402.3M) accounted for 75% of the dead money, with men's and women's basketball making up the balance.

www.axios.com

Where can i sign an insurance policy like that and get paid millions to sign?

 

[Erial_Lion]

It has to go through the school though, right? What’s the opportunity cost of hundreds of millions of dollars in potential financial aid or academic investment? Stanford can do what it wants - public universities should be held to a higher standard. Something like - no buy outs, contracts renew on an annual basis.

If they go that route, then the public schools will either A) end up with a lower tier of coach, since someone with the option of getting a guaranteed contract would take that every time over the alternative and/or B) pay about 2-3 times market value for that same top coach.

 

[91Joe95]

Disgusting.


By the numbers: Football ($402.3M) accounted for 75% of the dead money, with men's ($116.3M) and women's basketball ($15.1M) making up the balance. Overall, 116 coaches were paid at least $1 million not to coach.

• By conference: The SEC ($151M), Pac-12 ($114.1M) and Big Ten ($106.8M) paid far more than the Big 12 ($58.8M) and ACC ($40M). Non-Power Five schools combined for $62.8M in payouts.
• By school: Five schools paid out at least $20M: Auburn ($31.2M); Nebraska ($25.8M); Texas ($21.5M); Ole Miss ($20.4M); Kansas ($20M).
• By coach: Will Muschamp (South Carolina/Florida) led the way ($19.2M), followed by Charlie Strong ($11.8M, Texas/USF), Todd Graham ($11.1M, ASU) and Kevin Sumlin ($10.8M, Texas A&M/Arizona).

Report: College teams paid over $500 million to coaches after firing them

Football ($402.3M) accounted for 75% of the dead money, with men's and women's basketball making up the balance.

www.axios.com

Yes, but then the schools might have more money to pay athletes, and we can't have that.

 

[91Joe95]

Public schools should not be able to operate like this. It’s ridiculous.

Not even Vegas would put odds on that.

 

[Ram20]

Simply, people should not be paid $10M-$20M to not perform their job at a public academic institution. It's a total joke. Students at these very schools are imperiling themselves in debt, not often receiving high paying jobs out of school, so consequently they don't buy homes and have families until much later in life if at all. These same institutions(you know, for the greater good of society) are able to produce $20M to make a coach go away. It is so corrupt and wrong.

 

[Midnighter]

If they go that route, then the public schools will either A) end up with a lower tier of coach, since someone with the option of getting a guaranteed contract would take that every time over the alternative and/or B) pay about 2-3 times market value for that same top coach.

I’m not suggesting you can’t pay too dollar for a coach - I’m suggesting you can’t pay someone to not coach. No buyout.

 

[s1uggo72]

I wonder if this includes asst coaches salaries??

 

[leinbacker]

It has to go through the school though, right? What’s the opportunity cost of hundreds of millions of dollars in potential financial aid or academic investment? Stanford can do what it wants - public universities should be held to a higher standard. Something like - no buy outs, contracts renew on an annual basis.

If the booster is paying the buyout, it doesn't cost the university anything. They are just a conduit.

 

[Tom_PSU]

One could argue that more money was actually wasted when some coaches were coaching.

 

[Midnighter]

If the booster is paying the buyout, it doesn't cost the university anything. They are just a conduit.

Would love to know how many boosters are willing to pay millions to a coach to make him go away. There aren’t many I think.

 

[Erial_Lion]

I’m not suggesting you can’t pay too dollar for a coach - I’m suggesting you can’t pay someone to not coach. No buyout.

And again, why would a desirable coach agree to go coach at a school with no guarantees when he could get those guarantees at a comparable private school? The public schools would clearly need to either pay a lot more for the same caliber coach…or pay the same salary with no guarantees, and hire a coach of a lesser quality that doesn’t have those same options.

 

[marshall23]

How many of the schools impacted are losing money on their football programs? When big boosters threaten to withhold support unless the coach is gone......the coach is gone.