Hold it a sec, zipp. Heird might be the closest thing to Jurich we might get. He was Jurich's associate AD from 07-16.
Hold it a sec, zipp. Heird might be the closest thing to Jurich we might get. He was Jurich's associate AD from 07-16.I'll just say this... Heird is reportedly an a$$clown that people who work around him know all too well. Hopefully, he's just interim and won't do too much damage until a permanent is hired.
My theory at 3:30 PM on 12-6-2021 to try to reconcile everything we (think we) know...
Tyra wanted to fire Satterfield and pay whatever was necessary to bring Brohm here. Neeli told Tyra that he can make that decision as long as it doesn't dig an even deeper financial hole in athletics. Knowing better than anyone that was impossible, he's jumping ship.
We don't talk financials in this debacle, and that's a significant oversight. There's plenty of evidence that the ULAA is close to being illiquid. For sure it's illiquid without borrowed funds. We were down to one week's operating cash on hand before borrowing $20 million in April, and we're operating on those dwindling funds now. Neeli may not know athletics, but she probably understands money and recognizes a financial problem.
And Tyra does too, he's just in denial. As AD, he's been largely responsible for our current situation, and bolting to FSU gets him out of the financial mess he had a big part in creating.
Of course, I'll change my mind on all of this when we hear news to the contrary...
I think this is a legit concern. With that said I didn’t have a problem with how the Mack’s suspension was handled. Mack knew he had to run a clean program. He failed to do that and it got exposed. I would be pissed if I was the President. Mack is paid handsomely shouldn’t make these kinds of mistakes.
Guessing here Vince knows his replacement and everyone is on the same page with keeping Satterfield. There are zero reports Brohm was ever contacted. I don’t think Vince was planning on firing Satterfield. The UK game made it tougher. The new AD will be an internal hire. It could be a very smooth transition from Vince to the new AD.
The problem is the optics are terrible. Back the original point Vince and the President don’t have the same vision for athletics. That seems pretty clear. That doesn’t mean she interfered with the Satterfield situation.
Actually, the current financial situation is due to the Jurich settlement (he should not have been fired) the Bobby P balance of contract payments, and the loss of revenue due to the covid season. The lower season ticket renewals and the lower attendance this season hurts also. Covid hurt basketball revenue as well. Tyra is a smart business man, not sure about athletic administrator though. It looks like FSU sees something they like in him.I'll just say this... Heird is reportedly an a$$clown that people who work around him know all too well. Hopefully, he's just interim and won't do too much damage until a permanent is hired.
My theory at 3:30 PM on 12-6-2021 to try to reconcile everything we (think we) know...
Tyra wanted to fire Satterfield and pay whatever was necessary to bring Brohm here. Neeli told Tyra that he can make that decision as long as it doesn't dig an even deeper financial hole in athletics. Knowing better than anyone that was impossible, he's jumping ship.
We don't talk financials in this debacle, and that's a significant oversight. There's plenty of evidence that the ULAA is close to being illiquid. For sure it's illiquid without borrowed funds. We were down to one week's operating cash on hand before borrowing $20 million in April, and we're operating on those dwindling funds now. Neeli may not know athletics, but she probably understands money and recognizes a financial problem.
And Tyra does too, he's just in denial. As AD, he's been largely responsible for our current situation, and bolting to FSU gets him out of the financial mess he had a big part in creating.
Of course, I'll change my mind on all of this when we hear news to the contrary...
My understanding from people who know this guy is that he was never destined for anything significant under Jurich. He was and still is more of an executive flunky. For example--and this is probably as much an indictment of Tyra--Heird has been the guy that Tyra sent in to do his dirty work. When Tyra needed to perp walk somebody, he didn't do it. He sent in Heird.Hold it a sec, zipp. Heird might be the closest thing to Jurich we might get. He was Jurich's associate AD from 07-16.
U of L's athletics financials are a subject for a thread on its own. And I've done a lot of digging and analyzing to try to make accurate assessments of Tyra and the circumstances he faced.Actually, the current financial situation is due to the Jurich settlement (he should not have been fired) the Bobby P balance of contract payments, and the loss of revenue due to the covid season. The lower season ticket renewals and the lower attendance this season hurts also. Covid hurt basketball revenue as well. Tyra is a smart business man, not sure about athletic administrator though. It looks like FSU sees something they like in him.
Mack’s contract is much lower than Pitino’s was as well. They saved some money with the David P year too.U of L's athletics financials are a subject for a thread on its own. And I've done a lot of digging and analyzing to try to make accurate assessments of Tyra and the circumstances he faced.
What's factual is that our cash position has declined in the vicinity of $50 million since Tyra set foot on campus. No analyzing needed for that finding--you just have to compare financial reports.
And while it's true that he inherited Jurich's buyout, that's only part of the picture. For example, the difference between what Jurich was paid and Tyra is paid (close to $2 million annually) has largely covered that particular buyout.
According to my research, U of L agreed to around $35 million in buyouts among the former AD, the former football coaches, and the stadium naming rights. But factoring in compensation/salary differences, we're only out of pocket about $10 million of that amount in 2021. And if nothing changes, the buyouts are fully offset with salary reductions by 2025.
That means 80% of the cash burn we've experienced has nothing to do with buyouts. Again, you gotta do the digging to discover that...
We're banking about $4 million annually by salary reductions for the top three employees in athletics. Of course, when you consider the results, that's a false economy. You get what you pay for...Mack’s contract is much lower than Pitino’s was as well. They saved some money with the David P year too.