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Staff's silence when Tyrek Cole left the program in Sept...
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<blockquote data-quote="Samuel S" data-source="post: 129390064" data-attributes="member: 1754664"><p>Not a chance if we finish with a losing record. Nada.</p><p></p><p>People keep talking about the money and it is a lot. But, it worls out to less than $250,000 a month for the 2 year period, and that's how we have to pay it under the contract. We don't have to write him a check for nearly 6 million. The parties might agree to a lump-sum settlement, but in that even, it would be for less than 6 million</p><p></p><p>As for the current assistants, even if we had to pay them all (which is unlikely we'd probably try to keep some and some might decide to leave on their own) that would only add about another $120,000 a month. Again we don't have to write them check for all the future pay just pay them as we agreed in their contracts, and if lump-sums are negotiated they would be smaller.</p><p></p><p> But, let's say for discussion. That the 2 year cost is 9 million (rounding up). That's a lot of money. But the other factors are not just how money would you lose those two years but how keeping him would affect the loner term outlook.</p><p></p><p> Consider season tickets. At roughly $400 per, a loss of 4000 in sales over 2 years equals $3,200,000. Add in lost or reduced MAC contributions of say 2000 people reducing by $500, and you add another 2 million in losses. There would likely be a loss in single game tickets as well, but we won't even factor that in.</p><p></p><p> What we will factor is the lost revenue if say an average of 4000 fewer people attend games . Over those 2 years we will have 9 home conference games and probably 5-6 non-conf. home games. If it's 14 total games that's 56,000 fewer butts in the seats. If we estimate $20 spending per person per game, that's another $1,120,000.</p><p></p><p> That's a very conservative estimate of $6.3 million dollars in lost revenue without even considering how keeping an unsuccessful and unpopular coach might affect some big money donors. That's hard to guess beyond, it sure won't help. Being hugely optimistic lets just estimate we don't get any growth.</p><p></p><p> So, roughly 9 million in extra expenses weighed against the very conservative estimate of approximately $6.3 in lost revenue. That's about $1.35 million dollars a year it would "cost" to go in a new direction if we fail to meet reasonable standards this year under Holgorsen. Is it worth that net differential for the next two years to keep an underperforming coach?</p><p></p><p> Longer-term one need to consider not everyone who stops coming will merely go on hiatus. Some number will never return and that will affect the program for years to come. And we need not kid ourselves that for everyone who leaves there is a new customer to replace them. We don't have a waiting list now obviously and younger people are proving less inclined to attend than people of my generation. In the best of circumstances we are going to have to work to maintain high attendance as our fanbase ages.</p></blockquote><p></p>
[QUOTE="Samuel S, post: 129390064, member: 1754664"] Not a chance if we finish with a losing record. Nada. People keep talking about the money and it is a lot. But, it worls out to less than $250,000 a month for the 2 year period, and that's how we have to pay it under the contract. We don't have to write him a check for nearly 6 million. The parties might agree to a lump-sum settlement, but in that even, it would be for less than 6 million As for the current assistants, even if we had to pay them all (which is unlikely we'd probably try to keep some and some might decide to leave on their own) that would only add about another $120,000 a month. Again we don't have to write them check for all the future pay just pay them as we agreed in their contracts, and if lump-sums are negotiated they would be smaller. But, let's say for discussion. That the 2 year cost is 9 million (rounding up). That's a lot of money. But the other factors are not just how money would you lose those two years but how keeping him would affect the loner term outlook. Consider season tickets. At roughly $400 per, a loss of 4000 in sales over 2 years equals $3,200,000. Add in lost or reduced MAC contributions of say 2000 people reducing by $500, and you add another 2 million in losses. There would likely be a loss in single game tickets as well, but we won't even factor that in. What we will factor is the lost revenue if say an average of 4000 fewer people attend games . Over those 2 years we will have 9 home conference games and probably 5-6 non-conf. home games. If it's 14 total games that's 56,000 fewer butts in the seats. If we estimate $20 spending per person per game, that's another $1,120,000. That's a very conservative estimate of $6.3 million dollars in lost revenue without even considering how keeping an unsuccessful and unpopular coach might affect some big money donors. That's hard to guess beyond, it sure won't help. Being hugely optimistic lets just estimate we don't get any growth. So, roughly 9 million in extra expenses weighed against the very conservative estimate of approximately $6.3 in lost revenue. That's about $1.35 million dollars a year it would "cost" to go in a new direction if we fail to meet reasonable standards this year under Holgorsen. Is it worth that net differential for the next two years to keep an underperforming coach? Longer-term one need to consider not everyone who stops coming will merely go on hiatus. Some number will never return and that will affect the program for years to come. And we need not kid ourselves that for everyone who leaves there is a new customer to replace them. We don't have a waiting list now obviously and younger people are proving less inclined to attend than people of my generation. In the best of circumstances we are going to have to work to maintain high attendance as our fanbase ages. [/QUOTE]
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