Toggle sidebar

For cause....

S

Scarlet_Scourge

Heisman
May 25, 2012
26,524
13,604
0
This is very important piece of information which I haven't seen posted here, from our super best friends at nj dot com:

What will Rutgers owe Flood if he is fired?

Upon signing a two-year extension through the 2018 season in September 2014, Flood's buyout doubled to $1.4 million if he is fired without cause.

University officials have said the additional $700,000 would be paid from private support.

What about the assistant coaches?

Over the past year, Flood extended the contracts of the majority of his assistant coaches through the 2016 season. Based on a review of the contracts for the nine-man Rutgers staff, it appears the university would be on the hook for at least $2.5 million if Flood were ousted after this season.

Each assistant has language in his contract that says if Flood "resigns or is terminated for cause, then (the) contract will terminate 90 days thereafter.''

So if Flood is fired with cause — or if his representatives negotiate a settlement and he resigns — Rutgers would be free of its financial obligations for the current staff after three months.

If Flood is fired without cause, the "contract will remain in effect for the remainder of its term unless the coach commences employment elsewhere.''

http://www.nj.com/rutgersfootball/i...le_floods_final_week_as_rutgers_football.html
 
S

Scarlet_Scourge

Heisman
May 25, 2012
26,524
13,604
0
the point is that if Rutgers can fire flood for cause after the report is released then they will be off the hook for $3.2 million dollars. That is a big deal.
 
DJ Spanky

DJ Spanky

Heisman
Jul 25, 2001
46,402
56,316
113
 
  • Like
Reactions: SanFranRutgers
M

mildone_rivals

Heisman
Dec 19, 2011
55,607
51,271
0
I seriously doubt that the buyout is a key priority among the decision points for firing or keeping Flood. More like it's part of the math for determining the initial salary for a potential new coach. So it's only an indirect factor in the firing/retention.
 
Last edited:
  • Like
Reactions: SanFranRutgers
CranfordKnight

CranfordKnight

All-Conference
Jun 23, 2006
4,054
3,881
113
Scarlet_Scourge said:
the point is that if Rutgers can fire flood for cause after the report is released then they will be off the hook for $3.2 million dollars. That is a big deal.
Click to expand...

Anyone thinking that would be a good result is insane. There would probably be litigation, which would extend the sh*tshow for months, if not longer and probably just lead to some kind of settlement, but not before more embarrassment for us. I hope RU is not that stupid (I know, wishful thinking).

Also, screwing over the other coaches just to get rid of Flood on the cheap would be a dick move.
 
  • Like
Reactions: RUMBA-JK and SanFranRutgers
S

Scarlet_Scourge

Heisman
May 25, 2012
26,524
13,604
0
We can save money that can be used to hire better coaches. The new HC can decide if he wants to keep any of the current staff. Newsflash, most of them are awful as well.

We should fire everyone no matter what but if we could save money and take that money and invest in better HC and staff then that is something to at least take into account.
 
M

mildone_rivals

Heisman
Dec 19, 2011
55,607
51,271
0
Scarlet_Scourge said:
We can save money that can be used to hire better coaches. The new HC can decide if he wants to keep any of the current staff. Newsflash, most of them are awful as well.

We should fire everyone no matter what but if we could save money and take that money and invest in better HC and staff then that is something to at least take into account.
Click to expand...
I don't think it would be wise of RU to attempt to save the buyout money.

In the end, with the incumbent legal fees and associated expenses, the actual savings would not be near the whole amount in question. And if things go wrong w/the case, it could easily wind up costing more than the buyout itself.
 
Upstream

Upstream

Heisman
Jul 31, 2001
35,279
10,250
113
Scarlet_Scourge said:
the point is that if Rutgers can fire flood for cause after the report is released then they will be off the hook for $3.2 million dollars. That is a big deal.
Click to expand...

The buyout amounts are payable over 2 years for the assistants that are due buyouts, and over 3 years for Flood. And the assistants only get paid if they look for new jobs and are not offered new jobs. The actual amount of the buyout is more likely to be about $1 million this year and $0.5 million next year.
 
R

RUJohnny99

All-American
Nov 7, 2003
64,667
5,961
113
The staff buyouts are paid biweekly over the life of the contract offset by ANY earnings. Despite the spin of Schiano sitting around collecting a paycheck from Tampa, no guy making $200,000 is going to take himself out of the profession for a year. So $96,150 every other week for the next year is the absolute worst case scenario assuming every single coach is unemployable. My guess is this goes to zero after NSD & NFL hiring season.

As far as Flood, you can pay him the agreed upon biweekly buyout ($16,471) but make life extremely difficult for him. His contract requires him to seek active employment. It's been several decades since I've been on unemployment, but they required me to come in every other week and give 3 names of companies I applied to before I got my check. Rutgers can do the same. Hell, hire someone just to audit his job search and ensure he is keeping up with the terms he agreed to.
 
R

rutgersguy1_rivals

Heisman
Dec 17, 2008
45,215
16,775
0
I think this (90 day assistant thing and Flood's buyout) has been discussed before here and I don't know that many were for not paying assistants because of something the HC did. Technically, it can be done but seems like bad practice.

I mentioned this in the other thread where I broke down what each coach might be owed. I think a cost savings can be realized anyway because most of these assistants aren't likely to sit around for a year doing nothing. They will try to latch on to new staffs otherwise they get stale. As soon as they do that, RU comes off the hook. If most of them do it by say June 2016 (very late mind you) then I figured the cost savings could be about 1.5M at least. Only Flood/Fraser had some offsets to make up any difference in salary for a new job that paid less than their RU salary.

BTW something else I mentioned and also important to note is that none of these payouts are in lump sum form. It's all spread out over the life of their contracts on a regular university pay schedule so while the money needs to be accounted for it's not all going out at once.
 
R

Retired711

All-American
Nov 20, 2001
19,664
9,818
58
Seems to me that the tougher Rutgers is with Flood and his assistants, the tougher time Rutgers is going to have hiring a suitable coach and staff. Every coach knows he might be fired someday, and so any coach is interested in knowing how his predecessor was treated. So I think most on this thread are being penny-wise and pound-foolish.
 
  • Like
Reactions: RUMBA-JK and SanFranRutgers
RUfromSoCal?

RUfromSoCal?

Heisman
Nov 26, 2006
33,993
41,523
113
No, it's actually NOT important.

If you want change and are worried about pocket change instead, you're doomed.
 
R

Rutgers83

All-Conference
Feb 20, 2008
1,355
1,185
0
Camden I would not worry about that. Other coaches and most of the country are wondering why we haven't fired him given his on field performance, his lack of control of team and his Get Smart antics with the professor. Flood, next time ditch the disguise and use the cone of silence.
 
R

Retired711

All-American
Nov 20, 2001
19,664
9,818
58
Rutgers83 said:
Camden I would not worry about that. Other coaches and most of the country are wondering why we haven't fired him given his on field performance, his lack of control of team and his Get Smart antics with the professor. Flood, next time ditch the disguise and use the cone of silence.
Click to expand...
I respect your point, but keep in mind that it's not as though everyone follows Rutgers football. In addition, everyone knows that the potential exists for them to be hated too even if it's not as bad as Flood.
 
You must log in or register to reply here.
Top Bottom