There is Plenty of Money

[wxman42]

Those that think NU can't afford more buyouts are kidding themselves. NU has 2.2 Billion in Assets and received donations totaling 212 Million in 2015 alone. Don't believe me check out NU Foundation's Website at
https://nufoundation.org/-/article-donors-give-212-million-to-the-university-of-nebraska

NU could have hired a high profile coach if they wanted. The bigger question in my mind is does the NU Administration care about NU's Football Program or not?

 

[keithleyb]

That's what I don't get with this administration. We need to be a top 5 paying job. You don't attract a big name coach by pinching pennies. You have to be willing to pay to get what you want.

 

[Redscarlet]

Thanks,wxman42 for the post.

The first problem was Tom Osborne himself he didn't feel some Head Coach should make more than himself when he was here and he didn't think the head Coch should have a private jet because he never had one and he was successful.

 

[HuskerO58]

Wait, it says that money is given to the University of Nebraska, not the University of Nebraska-Lincoln alone.

 

[HuskerO58]

And I'm assuming they don't use that money for buying out contracts and paying coaches. But I could be wrong so someone please correct me if I am.

 

[jflores]

And I'm assuming they don't use that money for buying out contracts and paying coaches. But I could be wrong so someone please correct me if I am.

The foundation I assume is for non athletic purchases. Most universities have enormous funds like that and most universities aren't in position to pay harbaugh 8 million.

It's been floated around other boards that UNL athletic donations in the last years of the Pelini regime were below that of power houses like Iowa state. I'm not well apprised of the money situation but from what I hear between the previous payouts and what a new staff would cost it's not a non trivial thing to just come up with another 20 million

 

[HuskerO58]

I'm not well apprised of the money situation but from what I hear between the previous payouts and what a new staff would cost it's not a non trivial thing to just come up with another 20 million

I can believe that. I just thought the OP was wrong or at least misleading.

 

[Cidsports]

The OP doesn't know College Football and how the Athletic Department and the University work.

As the Omaha World Herald columns read ... the timetable for the transition from Bo to Mike Riley has become shorter.

Nebraska is 3-6. 2016 will be a very important year, but a change is very unlikely. Mike Riley has a good resume. I didn't say great one.

Again, his biggest question is on defense. This isn't the Pac 12 North.

fwiw

 

[Cornwoman]

Those that think NU can't afford more buyouts are kidding themselves. NU has 2.2 Billion in Assets and received donations totaling 212 Million in 2015 alone. Don't believe me check out NU Foundation's Website at
https://nufoundation.org/-/article-donors-give-212-million-to-the-university-of-nebraska

NU could have hired a high profile coach if they wanted. The bigger question in my mind is does the NU Administration care about NU's Football Program or not?

That's the question everyone should be asking. Do we have an administration that is committed to making the football program great again. If so, they will find a way to pay to get it. So far, what we've seen is no commitment.

 

[jlb321_rivals110621]

we are not paying like a big time program -- I think Nebraska ranks 40th or so in salaries and I believe we pay less than Wash State. The head coaching salary is closer to Iowa State than it is Michigan State

If we are going to go big time you better be prepared to start at 4 mil per year and that number probably will need to be 4.5 to 5 million if we are going to attract anyone of significance after firing a coach after one year

your list of quality candidates is going to be limited if you are paying less than 3 million

people want a top ten program but our pay isn't even top 30

 

[jflores]

we are not paying like a big time program -- I think Nebraska ranks 40th or so in salaries and I believe we pay less than Wash State. The head coaching salary is closer to Iowa State than it is Michigan State

If we are going to go big time you better be prepared to start at 4 mil per year and that number probably will need to be 4.5 to 5 million if we are going to attract anyone of significance after firing a coach after one year

your list of quality candidates is going to be limited if you are paying less than 3 million

people want a top ten program but our pay isn't even top 30

Well you have to consider that the pay matches the candidate we went after. Riley got a substantial raise and his pay is in line with what a first contract would be at a B1G school. We'd certainly feel worse right now if we said whoever coaches at NU is going to make seven million dollars regardless of previous pay or accomplishments.

Supposing we were going to make a run at Saban I really doubt the admin would say he gets a three million dollar offer and no more.

 

[jlb321_rivals110621]

Well you have to consider that the pay matches the candidate we went after. Riley got a substantial raise and his pay is in line with what a first contract would be at a B1G school. We'd certainly feel worse right now if we said whoever coaches at NU is going to make seven million dollars regardless of previous pay or accomplishments.

Supposing we were going to make a run at Saban I really doubt the admin would say he gets a three million dollar offer and no more.

my question is did we decide on what we were willing to pay prior to the search and then limit the search to candidates who would pick up the phone at that price

Urban Meyer, Jim Harbaugh and James Franklin's 1st BIG contract were well above what we are paying -- again we closer to Iowa State money than Mich State

 

[jflores]

According to official story Riley was the candidate.

If harbaugh was going to any college it was going to be Michigan so I really doubt we gave much thought to a ten million dollar a year counter to sway him otherwise.

Meyer speaks for himself. I say he's going to make normal money.

Franklin was a hot name coach and recruiter from the sec

 

[slwags_rivals53212]

Most of the funds at the foundation are designated to a specific department, project, or individual. Any I designated funds could theoretically be used for a buyout but the athletic department has has always been self sufficient.

 

[slwags_rivals53212]

On the 1620 Gary said Kyle Whittingham interviewed and wanted the job but the university felt he made to much. Apparently hennaed about 2.5 at Utah.

 

[jlb321_rivals110621]

According to official story Riley was the candidate.

If harbaugh was going to any college it was going to be Michigan so I really doubt we gave much thought to a ten million dollar a year counter to sway him otherwise.

Meyer speaks for himself. I say he's going to make normal money.

Franklin was a hot name coach and recruiter from the sec

in no way was I implying that Meyer, Harbaugh or Franklin were coming here ... my point is that the talent pool is a lot deeper at 4 million per year than 2.7

 

[GBR_Atlanta]

On the 1620 Gary said Kyle Whittingham interviewed and wanted the job but the university felt he made to much. Apparently hennaed about 2.5 at Utah.

I never knew this. I've been wanting that guy at NU for a while.

 

[jflores]

in no way was I implying that Meyer, Harbaugh or Franklin were coming here ... my point is that the talent pool is a lot deeper at 4 million per year than 2.7

It surely is. But as far as we know SE was in San Fran pretty quick on his guy.

It certainly doesn't seem like he had to brood long and whittle down who he'd have to convince to be flogged for under three million starting

 

[Redscarlet]

On the 1620 Gary said Kyle Whittingham interviewed and wanted the job but the university felt he made to much. Apparently hennaed about 2.5 at Utah.

Really, I was mistaken if Eichorst actually interview more than one Coach and Whittingham was one of them.

isn't Riley is making more than 2.5 at Nebraska?

 

[GimmeRed]

If any buyout is to be made it would need to come from a donor or group of donors. There is money for that but it isn't for 1 man to decide. The question I have is will Eichorst give Riley an extension this year and cost us another couple of million? That should be grounds for dismissal right there.

There has to be pressure on Perlman and Eichorst right now. This has been a complete disaster from day 1.

 

[Redscarlet]

If any buyout is to be made it would need to come from a donor or group of donors. There is money for that but it isn't for 1 man to decide. The question I have is will Eichorst give Riley an extension this year and cost us another couple of million? That should be grounds for dismissal right there.

There has to be pressure on Perlman and Eichorst right now. This has been a complete disaster from day 1.

And what's bad about that is if you don't give him another year extension other schools will use that against us in recruiting.

 

[jflores]

If any buyout is to be made it would need to come from a donor or group of donors. There is money for that but it isn't for 1 man to decide. The question I have is will Eichorst give Riley an extension this year and cost us another couple of million? That should be grounds for dismissal right there.

There has to be pressure on Perlman and Eichorst right now. This has been a complete disaster from day 1.

I'm honestly not sure what pressure is realistically going to be applied to a guy on his farewell tour. Eichorst I bet is pretty nervous for next year

 

[jflores]

On the 1620 Gary said Kyle Whittingham interviewed and wanted the job but the university felt he made to much. Apparently hennaed about 2.5 at Utah.

Must have missed that day in the radio. Riley makes more than that so it almost makes no sense for that reason to turn him down

 

[GimmeRed]

And what's bad about that is if you don't give him another year extension other schools will use that against us in recruiting.

He really isn't killing it recruiting anyway is he?
It isn't like they aren't going to use his being in last place in the B1G against him anyway. Everyone knows he is a dead man walking here.

 

[suhnami_rivals]

I had the idea in my head that the NU Foundation is different than the athletic department. Am I mistaken on that or is it a vital detail?

 

[slwags_rivals53212]

Gary said that during overreaction yesterday.

 

[slwags_rivals53212]

The foundation is different from the athletic dept but they do manage funds designated to the athletic dept such as season ticket holder donations.

 

[Hastings_Husker]

My guess is that the powers that be could really care less about football, they seem to only care to some degree about dollars and cents. If that is their mind set then why spend 6, 8, or 10 million dollars to get a coach when 2 or 3 will get you one. The stadium is going to be sold out either way so you can only make so much money on ticket sales. In their mind there is no reward on spending more money. If we have a year or years of only selling 40,000 season tickets instead of 80,000 they might look at that as "we could spend 6 million per year, but bring in roughly 12 million more in ticket sales"

 

[jlb321_rivals110621]

It surely is. But as far as we know SE was in San Fran pretty quick on his guy.

It certainly doesn't seem like he had to brood long and whittle down who he'd have to convince to be flogged for under three million starting

there were faint warning bells when an established head coach in a power 5 conference was available at 2.7 million per year - that is coordinator or mid major money

 

[Cidsports]

Michigan State money in coaching. The Spartans won the Big Ten in 2013. Mark Dantonio received a nice raise.

http://www.cbssports.com/collegefoo...ct-bumps-mark-dantonios-salary-to-364-million

 

[WoodRiverJennings]

On the 1620 Gary said Kyle Whittingham interviewed and wanted the job but the university felt he made to much. Apparently hennaed about 2.5 at Utah.

Oh. My. God.

Eichorst really passed on Whittingham for this **** show? What an idiot.

 

[LBremser_rivals78367]

My guess is that the powers that be could really care less about football, they seem to only care to some degree about dollars and cents. If that is their mind set then why spend 6, 8, or 10 million dollars to get a coach when 2 or 3 will get you one. The stadium is going to be sold out either way so you can only make so much money on ticket sales. In their mind there is no reward on spending more money. If we have a year or years of only selling 40,000 season tickets instead of 80,000 they might look at that as "we could spend 6 million per year, but bring in roughly 12 million more in ticket sales"

This may have been the case at one time - no more. First, the required donation amount for seats opening up is set based upon demand, and that demand has dropped significantly over the past 2-4 years. I had seats 4 years ago that required a $2K donation, that amount was down to $1,250 this year and it is a safe bet that it will be down again for 2016. Second, demand for tickets just isn't there. They had to advertise a lot to get tickets sold last spring, and you can go on to the Huskers.com website and purchase tickets for any game. The sell-out streak is over, it is just a question of when the AD office will admit it.

 

[jlb321_rivals110621]

Michigan State money in coaching. The Spartans won the Big Ten in 2013. Mark Dantonio received a nice raise.

http://www.cbssports.com/collegefoo...ct-bumps-mark-dantonios-salary-to-364-million

yes .. and dantonio was a coordinator hire which explains his low starting salary

what we are paying for a Ist year head coach at NU is coordinator or mid major money not an established head coach at a power 5 school unless he is performing at a coordinator or mid major level at said school

 

[worldstarhusker]

If he really passed up coach whitt for riley, that would be unbelievable. I remember a report coming out saying Eichorst was in contact w/ him, people believed he wasn't interested

http://collegefootballtalk.nbcsport...so-met-with-utah-head-coach-kyle-whittingham/

 

[studed]

On the 1620 Gary said Kyle Whittingham interviewed and wanted the job but the university felt he made to much. Apparently hennaed about 2.5 at Utah.

that would make sense. he wanted out of Utah because he lost assistant coaches because Utah would not pay for them. he contacted Michigan to let them know of his interest in the job. he is a very good coach

 

[WestCoastCornhusker]

If true Eichorst passed up K Wittingham, Eichorst s/b Fired Immediately. What an idiot making over $1 million per year to be a Fool of an AD.




QUOTE="worldstarhusker, post: 1117100, member: 16062"]If he really passed up coach whitt for riley, that would be unbelievable. I remember a report coming out saying Eichorst was in contact w/ him, people believed he wasn't interested

http://collegefootballtalk.nbcsport...so-met-with-utah-head-coach-kyle-whittingham/[/QUOTE]

 

[dinglefritz]

BTW, the University of Nebraska Foundation is set up for all of the campuses of the University of Nebraska including the UNMC. Those donations and funds are mostly in support of academic programs.

 

[HudsonValleyHusker]

That's what I don't get with this administration. We need to be a top 5 paying job. You don't attract a big name coach by pinching pennies. You have to be willing to pay to get what you want.

We're reaLLLLLLy paying for what we got.

 

[jflores]

If true Eichorst passed up K Wittingham, Eichorst s/b Fired Immediately. What an idiot making over $1 million per year to be a Fool of an AD.




QUOTE="worldstarhusker, post: 1117100, member: 16062"]If he really passed up coach whitt for riley, that would be unbelievable. I remember a report coming out saying Eichorst was in contact w/ him, people believed he wasn't interested

http://collegefootballtalk.nbcsport...so-met-with-utah-head-coach-kyle-whittingham/

[/QUOTE]

Well, all that he said was that "the university" said he made too much. I doubt it would come out, whether that indicated SE passed on Whittingham, or someone higher up the chain overrode his better judgement for cost considerations.

If its someone higher up the chain, and his/her name isn't Perlman, then there's not alot of hope post June 30. I don't think any of the higher level administrators that possibly overrode SE would be willing to jump in the firing line, if that's what happend.

 

[Nebraska Gator II]

It's been floated around other boards that UNL athletic donations in the last years of the Pelini regime were below that of power houses like Iowa state.

Yeah, but booster's wives were giving in other ways, so that has to count for something.