Mark Stoops "buyout

[kypecos]

Two options not considered.

Keep Stoops and use the money saved from hiring a new HC to further downsize and upgrade Commonwealth to accommodate the declining attendance with better facilities. Win-win.

Make Gran the new HC (he already has a multi-year contract) and move Stoops to DC. Maybe get something positive out of what we're paying Stoops and just have to pay a few extra dollars to promote Gran. Seriously, what have we got to lose by trying it for a year or two? BTW, if Stoops doesn't like it, then he can accept less in a negotiated buyout. Win-win again.

 

[WildCard]

Still not sure how you are coming up with $5.4 million as the difference. He gets %100 of the next two years either way. As I read it what's at stake is $8.25 million of which he gets %80 of. So the difference between terminating him now and terminating him in 2 years is about 1.6 million. Of course in all fairness you have to factor in the new coach and his staff but both costs are on a per year basis instead of a lump sum.

Again I'm not suggesting that this is not a lot of money. It certainly is. I'm just not sold on it being a deterrent.

Is that ($5.4M) not the difference between what is owed for termination after this season ($12M) and what is owed for termination after next season ($6.6M)?

Excluding incentives, his compensation package is broken down into 2 components, salary (i.e., section 6.a) and media and endorsement (section 6.b) but the buyout clause covers both of these components.

Peace

 

[Longtrip]

If you added $10 per game per season ticket,( be up front and tell me it's for Stoops buyout) over an 8 game season if you sold 45,000 season tickets, you would make 3.6 million a year extra. I'd be willing to pay $80 extra per season "IF" they got a good coach.

Kind of a "go fund me" for UK fans

This is too complicated for Mitch. He would rather go into bunker mode and pray CMS suddenly learns how to coach. Basketball will begin and football will become an after-thought as it has always been for the BOT. If CMS is fired it will not be done by Mitch as he simply cannot deal with that kind of stress.

 

[fuzz77]

If you added $10 per game per season ticket,( be up front and tell me it's for Stoops buyout) over an 8 game season if you sold 45,000 season tickets, you would make 3.6 million a year extra. I'd be willing to pay $80 extra per season "IF" they got a good coach.

Kind of a "go fund me" for UK fans

1. there are only 7 home games, not 8 (8 last year was an aberration) meaning you would need a little more than $500,000 per game in additional revenue.
2. 45000 season tickets would be a big increase over current season ticket sales (~32000)
3. most people who have season tickets have 2 or more meaning they would have to pay 2,3,4+ times whatever that assessment might be.

 

[RACdad]

Mitch should be fired for this contract. No doubt. If I was a board member of a company and my CEO gave a bad contract like this I would be after his *** to be fired. There is no excuse for this

 

[TBCat]

Is that ($5.4M) not the difference between what is owed for termination after this season ($12M) and what is owed for termination after next season ($6.6M)?

Excluding incentives, his compensation package is broken down into 2 components, salary (i.e., section 6.a) and media and endorsement (section 6.b) but the buyout clause covers both of these components.

Peace

Ok, I see what you are doing. You aren't counting the salary that he will be paid next year if he is let go after next season. You are only counting the buyout. I am counting that because it gets paid either way so it essentially doesn't factor in. My point was the part of his salary that he gets 100% of is not a factor. I'm only counting what the difference is between what the total cost to UK is if we fire him today and what it would be if we fire him after next season. That would be about 2 million dollars. I'm just pointing out that it's not the deterrent some are saying because so much of it is paid out either way. It's not the difference of losing 12 million if he's fired because you lose almost 10 million of it even if you keep him beyond next season.

 

[TBCat]

Mitch should be fired for this contract. No doubt. If I was a board member of a company and my CEO gave a bad contract like this I would be after his *** to be fired. There is no excuse for this

Agreed. This was the second most incompetent act I have ever seen an AD engage in that didn't include breaking the law. The most incompetent was also done by Mitch when he passed on Calapari for Billy Gillespie. The real issue with this contract aside from the ridiculous terms is that the whole justification for it was to "lock him in" so other schools wouldn't take him. We didn't even do that with this deal. This whole time Stoops could have left with no pay out from him to get out of the deal.

 

[buckkiller]

If he was a man and he drops the game to USCjr he should go right to Mitchs office and say hey Bro i'll renegotiate that buyout the job is not getting done time for someone else to have a shot. I have lost the team and they are not responding to any of my coaching. You should hand team over to Gran as interm and start evaluating coachs. I think you should give a good look at Briles and give him a chance to right his wrongs. I tried but its year 4 and we are 1-3 with the heavest part of our schedule coming up. I will take a reduction in buyout so you can put the money into a new coach. You have the facilities to compete and I have failed the football program. Thank you for the opportunity to be a part of Kentucky but I think my true calling is maybe just a defensive corrdinator. Thanks again. Have the paper work drawn up Ill be in first thing in morning to sign them and hand coaching duties off the Coach Gran.

 

[Blue Wildcat]

Well, except if you fire him now you not only have to pay him the 12M but also have to pay his replacement. So, if you looks at the total money paid to the head coach it does go up. Not by the 12M but by the amount you pay his replacement.

NM

 

[theoledog]

Once it's become clear someone isn't right for a job, the rational thing to do is cut losses and move on. Second, as everyone says, empty stadiums cost more long term than the up front financial hit.

OTOH, as JBH keeps saying, if the guy doing the screening, selecting and hiring is the same guy that did the hiring before......

I was a long time Barnhart defender. Can't do it anymore. Was going to write a long post about that but, meh, who cares. I just don't have any faith he can find and hire the right guy....

I think he might have crapped his own bed in the coach hiring dept. But we all know he ain't go'n nowhere...
Personally... I'm all for getting a new AD the see how goes .... Take it one step at a time.

 

[KYCAT78]

I say promote Gran to HC immediately and tell Stoops he has team manager responsibilities. Maybe he will resign.

 

[LowCountryCat]

I still don't mind the hire of Stoops (Tim Couch played a large role in it and was 100% in on Stoops)

Even with hindsight you don't mind the hire of Stoops?

Says a lot right there.

 

[TBCat]

Even with hindsight you don't mind the hire of Stoops?

Says a lot right there.

Even in hind sight it wasn't a bad hire. If Stoops was able to win games our program would have taken off. Unfortunately that just didn't end up being the case. The problem here was the contact extension that has left us with 2 options. A really expensive buyout or a program ending decision to do nothing.

 

[bthaunert]

Even with hindsight you don't mind the hire of Stoops?

Says a lot right there.

I don't mind the hire that was initially made (i.e. I didn't mind it at the time)...of course in hindsight, it appears to be a terrible hire.

 

[WildCard]

Even with hindsight you don't mind the hire of Stoops?

Says a lot right there.

The hire of Stoops was not "bad". Even the 2 raises and term extension were not "bad". But the contract buyout provisions were insanely bad and should have been scaled back as his salary went up. It is like Barnhart forgot about the buyout provisions as he sweetened the deal based on some early "success".

Peace

 

[sg24_]

Mitch took a chance with Stoops and it failed miserably. He then furthered the failure by the contract extension. If Stoops classes that he recruited in are marginally better then Jokers', than we have come to terms with how little x and o's he does know. Mitch and Stoops need to leave in my opinion. If everyone is right, Mitch is not responsible for the Cal hire anyway. So really what has he done? There is no reason for UK football to be this bad.

 

[richbrookstomato]

The timing of the extension with the buyout provisions were HORRIBLE. Stoops hadn't even achieved a winning record or reached a Bowl when Mitch gave him this RIDICULOUS contract.

So, UK Football is at the mercy of Mark Stoops for the next 2 seasons at least. Mitch needs to be held accountable for putting our program in such a hole after all of the heartaches we have experienced for the last 5+ seasons, not to mention the last 50 years of SEC failure.

UK Football needs an AD that CAN find the proper HC to take us to even a respectable level. Heck, the HC of UK Football should be the easiest job in the SEC. Our fans in NO WAY expect to win, much less even play for, an SEC Championship. We would just be happy to have a Coach that CAN take UK Football to an SEC Championship.

The pressure at UK is to reach a freakin Bowl game, how hard should that be?!!!!!

C'Mon Mitch, NO MORE EXCUSES!!!

 

[sg24_]

The timing of the extension with the buyout provisions were HORRIBLE. Stoops hadn't even achieved a winning record or reached a Bowl when Mitch gave him this RIDICULOUS contract.

So, UK Football is at the mercy of Mark Stoops for the next 2 seasons at least. Mitch needs to be held accountable for putting our program in such a hole after all of the heartaches we have experienced for the last 5+ seasons, not to mention the last 50 years of SEC failure.

UK Football needs an AD that CAN find the proper HC to take us to even a respectable level. Heck, the HC of UK Football should be the easiest job in the SEC. Our fans in NO WAY expect to win, much less even play for, an SEC Championship. We would just be happy to have a Coach that CAN take UK Football to an SEC Championship.

The pressure at UK is to reach a freakin Bowl game, how hard should that be?!!!!!

C'Mon Mitch, NO MORE EXCUSES!!!

As you said, no pressure, but this is pitiful.

 

[BIGCAT4LIFE]

I just don't see anyway possible Stoops comes back with a 2-10 year. CWS would be a ghost town next year. Better yet how does the AD get a pass?

 

[SanAntonioCat_rivals376502]

yea you have to pay him the same money regardless but like the above poster said if you keep him around you don't have to pay another coach 4 million a year . if they fire him now they will be spending 8 million a year on a head coach the next 3 years. that is probably as much or more than what saban and meyer make.

This is correct.