Toggle sidebar

Stoops' contract details, for those interested.

Z

ZZBlueComet

All-Conference
Feb 4, 2009
46,206
2,148
0
$12http://sports.yahoo.com/news/kentucky-extends-stoops-contract-2019-193642950--ncaaf.html

-Runs through the 2019 season
-$3M a season with a $250K increase each season
-Buyout, after this season, would be around $12M - $13M

Stoops' new guaranteed compensation

2014 – $2.7 million (after prorated raise)

2015 – $3.25 million

2016 – $3.5 million

2017 – $3.75 million

2018 – $4.0 million

2019 – $4.25 million

Incentives

$250,000 for each win beginning with the seventh win of each season

$200,000 if UK wins the SEC championship game or plays in a BCS bowl

$200,000 if UK wins the national championship
 
B

bigblueindy

Freshman
Apr 10, 2007
517
72
0
Bring back Bill Curry. He couldn't score either. Hold them under 70 guys. Laughing stock of the SEC.

Bigblue
 
C

CHAMPCAT11

All-American
Jun 16, 2009
10,001
7,566
0
ZZBlueComet said:
$12http://sports.yahoo.com/news/kentucky-extends-stoops-contract-2019-193642950--ncaaf.html

-Runs through the 2019 season
-$3M a season with a $250K increase each season
-Buyout, after this season, would be around $12M - $13M

Stoops' new guaranteed compensation

2014 – $2.7 million (after prorated raise)

2015 – $3.25 million

2016 – $3.5 million

2017 – $3.75 million

2018 – $4.0 million

2019 – $4.25 million

Incentives

$250,000 for each win beginning with the seventh win of each season

$200,000 if UK wins the SEC championship game or plays in a BCS bowl

$200,000 if UK wins the national championship
Click to expand...

Look at the bright side. No chance in hell he ever sniffs those incentives lol.
 
  • Like
Reactions: brianpoe, ZZBlueComet, CoachR35 and 1 other person
T

TBCat

Heisman
Mar 30, 2007
14,317
10,331
0
dgtatu01 said:
Worst contract ever. That contract midway through his second year is why Barnhart should be fired.
Click to expand...
What's so bad about it is that we were in a position of leverage and there was no need for it. The contract was way above market value and the entire rational for it was to "lock him in" which we didn't even do. Stoops can leave with no penalty. This contract maybe the most incompetent thing I've ever seen an AD do except passing on Calipari for Billy G. And Mitch did both of those.
 
  • Like
Reactions: UK till Death, JStaff21, brianpoe and 6 others
G

Goingfor9

All-Conference
Jan 27, 2003
15,231
1,565
113
ZZBlueComet said:
$12http://sports.yahoo.com/news/kentucky-extends-stoops-contract-2019-193642950--ncaaf.html

-Runs through the 2019 season
-$3M a season with a $250K increase each season
-Buyout, after this season, would be around $12M - $13M

Stoops' new guaranteed compensation

2014 – $2.7 million (after prorated raise)

2015 – $3.25 million

2016 – $3.5 million

2017 – $3.75 million

2018 – $4.0 million

2019 – $4.25 million

Incentives

$250,000 for each win beginning with the seventh win of each season

$200,000 if UK wins the SEC championship game or plays in a BCS bowl

$200,000 if UK wins the national championship
Click to expand...


Where's the fine print?????????????
 
B

Bluesnky

All-American
Jan 24, 2013
6,363
9,715
0
ZZBlueComet said:
$12http://sports.yahoo.com/news/kentucky-extends-stoops-contract-2019-193642950--ncaaf.html

-Runs through the 2019 season
-$3M a season with a $250K increase each season
-Buyout, after this season, would be around $12M - $13M

Stoops' new guaranteed compensation

2014 – $2.7 million (after prorated raise)

2015 – $3.25 million

2016 – $3.5 million

2017 – $3.75 million

2018 – $4.0 million

2019 – $4.25 million

Incentives

$250,000 for each win beginning with the seventh win of each season

$200,000 if UK wins the SEC championship game or plays in a BCS bowl

$200,000 if UK wins the national championship
Click to expand...
There is no lump sum buyout until December 1, 2017. If he is fired before then they just have to pay the contract as if he were still employed at UK.

UK cannot deduct his salary at his next job from the amount they pay him. Negotiating any kind of buyout apart from the contract is a non starter unless he gets caught up in rule breaking or moral turpitude.
 
C

catfanlou

Senior
Jul 6, 2005
3,464
945
41
Fact is with the decline of the coal industry we no longer have twelve million to piss away.
 
S

sluggercatfan

Heisman
Aug 17, 2004
35,953
29,631
0
ZZBlueComet said:
$12http://sports.yahoo.com/news/kentucky-extends-stoops-contract-2019-193642950--ncaaf.html

-Runs through the 2019 season
-$3M a season with a $250K increase each season
-Buyout, after this season, would be around $12M - $13M

Stoops' new guaranteed compensation

2014 – $2.7 million (after prorated raise)

2015 – $3.25 million

2016 – $3.5 million

2017 – $3.75 million

2018 – $4.0 million

2019 – $4.25 million

Incentives

$250,000 for each win beginning with the seventh win of each season

$200,000 if UK wins the SEC championship game or plays in a BCS bowl

$200,000 if UK wins the national championship
Click to expand...
I would certainly like to be Joe Craft ... I would be sitting in MB's office tomorrow morning and I would tell him when this season is over with I'll buy Mark Stoops contract and if you don't let me do it I will not give another penny for this University Athletics... Crap has got to be over something has to be done
 
  • Like
Reactions: brianpoe
O

ok-cats-computer

All-Conference
Oct 5, 2005
5,654
3,677
0
Bluesnky said:
There is no lump sum buyout until December 1, 2017. If he is fired before then they just have to pay the contract as if he were still employed at UK.

UK cannot deduct his salary at his next job from the amount they pay him. Negotiating any kind of buyout apart from the contract is a non starter unless he gets caught up in rule breaking or moral turpitude.
Click to expand...
Absolutely brutal. This is an unmitigated disaster. I don't know that anyone has ever been destroyed in a negotiation as badly as Stoops's agent got Barnhart.
 
  • Like
Reactions: UK till Death, brianpoe and richbrookstomato
C

catfanlou

Senior
Jul 6, 2005
3,464
945
41
sluggercatfan said:
I would certainly like to be Joe Craft ... I would be sitting in MB's office tomorrow morning and I would tell him when this season is over with I'll buy Mark Stoops contract and if you don't let me do it I will not give another penny for this University Athletics... Crap has got to be over something has to be done
Click to expand...
You obviously don't know what's gone on in the coal industry.
 
  • Like
Reactions: ekywildcat_rivals26726
C

catfanlou

Senior
Jul 6, 2005
3,464
945
41
I repeat you obviously don't have a clue as to what'd gone in the coal industry . Quit thinking you can rely on coal . It's dead and ain't coming back. Breaks my heart . But big coal money is a thing if the past.

Many coal Barron's are worth about ten percent of what they we just four years ago. Say you were worth a billion . Now it's one hundred million. Quite a bit but your faith in your invincibility financially has been shaken . And you're not going to spend twelve million to buy out a football coach .
 
167Hike

167Hike

Senior
Feb 3, 2003
1,529
775
113
sluggercatfan said:
I would certainly like to be Joe Craft ... I would be sitting in MB's office tomorrow morning and I would tell him when this season is over with I'll buy Mark Stoops contract and if you don't let me do it I will not give another penny for this University Athletics... Crap has got to be over something has to be done
Click to expand...

Hell you don't wait that long. You tell Mitch this as he boards your (Craft) private plane back to Lexington tonight.
 
C

ClockCalamity

Junior
Sep 15, 2014
536
206
0
ZZBlueComet said:
$12http://sports.yahoo.com/news/kentucky-extends-stoops-contract-2019-193642950--ncaaf.html

-Runs through the 2019 season
-$3M a season with a $250K increase each season
-Buyout, after this season, would be around $12M - $13M

Stoops' new guaranteed compensation

2014 – $2.7 million (after prorated raise)

2015 – $3.25 million

2016 – $3.5 million

2017 – $3.75 million

2018 – $4.0 million

2019 – $4.25 million

Incentives

$250,000 for each win beginning with the seventh win of each season

$200,000 if UK wins the SEC championship game or plays in a BCS bowl

$200,000 if UK wins the national championship
Click to expand...
They should have sweetened the pot and made it 10mil for a NC.
 
  • Like
Reactions: UK till Death, JStaff21 and brianpoe
K

Kingebeneezer

Sophomore
Sep 9, 2016
174
119
0
CMS has an incredible agent, negotiated circles around MB with those terms. How can you possibly convince any rational person CMS is worth that contract?
 
  • Like
Reactions: brianpoe
B

BlueBallz_rivals30790

All-Conference
Mar 26, 2003
5,688
1,812
0
Honest question, because I really don't know, who are the UK boosters that would get behind and write that kind of check? I saw Joe Craft, does he care enough about football? Who else?
 
C

crazyqx83_rivals88013

All-Conference
May 2, 2004
167,872
4,311
0
ZZBlueComet said:
$12http://sports.yahoo.com/news/kentucky-extends-stoops-contract-2019-193642950--ncaaf.html

-Runs through the 2019 season
-$3M a season with a $250K increase each season
-Buyout, after this season, would be around $12M - $13M

Stoops' new guaranteed compensation

2014 – $2.7 million (after prorated raise)

2015 – $3.25 million

2016 – $3.5 million

2017 – $3.75 million

2018 – $4.0 million

2019 – $4.25 million

Incentives

$250,000 for each win beginning with the seventh win of each season

$200,000 if UK wins the SEC championship game or plays in a BCS bowl

$200,000 if UK wins the national championship
Click to expand...
$200k for winning the national championship? I would have put in the contract he gets eleventy trillion dollars for winning the NC. Safest incentive payout EVER.
 
  • Like
Reactions: UK till Death and brianpoe
A

akaukswoosh

Hall of Famer
Jan 14, 2006
78,977
120,587
93
ZZBlueComet said:
$12http://sports.yahoo.com/news/kentucky-extends-stoops-contract-2019-193642950--ncaaf.html

-Runs through the 2019 season
-$3M a season with a $250K increase each season
-Buyout, after this season, would be around $12M - $13M

Stoops' new guaranteed compensation

2014 – $2.7 million (after prorated raise)

2015 – $3.25 million

2016 – $3.5 million

2017 – $3.75 million

2018 – $4.0 million

2019 – $4.25 million

Incentives

$250,000 for each win beginning with the seventh win of each season

$200,000 if UK wins the SEC championship game or plays in a BCS bowl

$200,000 if UK wins the national championship
Click to expand...
Ugh.
 
R

Rupp'sRunt

Heisman
Apr 19, 2008
14,675
20,094
0
Stadium attendance needs to be 0 before we see a change, which by seasons end seems do able at this rate
 
  • Like
Reactions: Saven
H

hmt5000

Heisman
Aug 29, 2009
26,976
82,650
0
Negotiate that # down. Tell stoops to take half or you'll keep as coach another year. He looked like he wanted out in 2nd quarter. I bet he takes it in a heartbeat.... could probably buy him out for 4 mill.
 
J

Jay Mc

Freshman
Feb 5, 2003
1,273
90
0
BigBlueCatNation said:
Barnhart should've been fired years ago. Olympic sports don't pay the bills.
Click to expand...
Barnie doesn't have to worry about paying the bills. He gets $30+ million YEARLY just for being an SEC school. That's the whole point. Plus, his boss loves him because of his amazing financial performance. Which he has zero responsibility for achieving. It's like a Catch-22, in reverse. Amazing.
 
  • Like
Reactions: UK till Death and brianpoe
You must log in or register to reply here.
Top Bottom