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Tom Herman agrees to contract "in principle" with Houston

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LC-88

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Tom Couglin said he was staying at BC. In principle = until I get a deal I can't refuse. I'm committed, but will be scheduling visits.
 
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rutgersguy1_rivals

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LC-88 said:
Tom Couglin said he was staying at BC. In principle = until I get a deal I can't refuse. I'm committed, but will be scheduling visits.
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All true, nothing is done until the contract is signed. Wonder what the buyout is if he does go through with it.
 
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rutgersguy1_rivals

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mdk01 said:
More than what Rutgers will pay.
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I said buyout not salary. The amount it would take to pry him from there if he does end up signing.

As to salary, I don't think anyone should pay him much more than the 3.5M vicinity. I've said before that seems like the going rate for high mid major coaches when they take the step up. Fuente fits right in with his 3.2M at VT. Urban got around 3.5M when he went to Florida from Utah and McElwain got 3.75 I think from CSU to Florida. So if I see a 4 in that front number I think whatever school it is has overpaid. I've liked Herman and have for a few years before he ever became popular but it's still only 1 year at Houston even if it was very good one. Can't pay too much just on that.
 
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mdk02

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rutgersguy1 said:
I said buyout not salary. The amount it would take to pry him from there if he does end up signing.
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Precisely. You don't think someone is going to pay, say, $1 million for the opportunity to coach at Rutgers with what they would get paid? Picking up the buyout would have to be part of the package.
 
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PhilaPhans

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You get to coach in Houston for big bucks where there is no income tax and your best competition is continually hired away to other schools. This guy gets it. Haha.
 
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rutgersguy1_rivals

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mdk01 said:
Precisely. You don't think someone is going to pay, say, $1 million for the opportunity to coach at Rutgers with what they would get paid? Picking up the buyout would have to be part of the package.
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Oh I got you, I misunderstood. You meant a buyout more than RU would pay, I thought you were talking about salary. Well yea sure, that goes without say pretty much. I'd be skeptical if we'd even pay a buyout as high as 500K which is somewhat high but not for a top coach and many schools don't even blink.

I expect the buyout to be high if he does sign. I think McElwain's at CSU was 7M. Florida had to get creative to work around it. Paying some of it, scheduling a home game with a big payout to CSU and having McElwain foot part of the bill.
 
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sherrane

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rutgersguy1 said:
I didn't think he was coming here, just passing along info. Thought that UGA rumor sounded good and was a good landing spot for him but "in principle" doesn't mean done deal but it's a step closer.
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Speaking of UGA, last offseason they reached an extension agreement "in principle" with Richt and made a PR release saying he was re-signed. Richt never signed the deal due to the language in part of the contract (IIRC, it part of the disagreement was in the termination section) that he wanted changed. It wouldn't surprise me if that was one of the reasons he was let go.
 
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rutgersguy1_rivals

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mdk01 said:
And how much did they pay McElwain to foot PART of the bill?
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Like I said above McElwain's salary came in around 3.75M IIRC. That 3.5 vicinity is the usual area for high mid major coaches taking the step up. Same for Petersen when Washington hired him from Boise.

McElwain was responsible for 2M of the 7M and Florida paid 5M with game included.
 
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rutgersguy1_rivals

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Dec 17, 2008
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sherrane said:
Speaking of UGA, last offseason they reached an extension agreement "in principle" with Richt and made a PR release saying he was re-signed. Richt never signed the deal due to the language in part of the contract (IIRC, it part of the disagreement was in the termination section) that he wanted changed. It wouldn't surprise me if that was one of the reasons he was let go.
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Well the article in one of the other threads said there's a 4M buyout in the contract and it was a handshake agreement and the AD said we honor that around here.
 
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mdk02

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rutgersguy1 said:
Like I said above McElwain's salary came in around 3.75M IIRC. That 3.5 vicinity is the usual area for high mid major coaches taking the step up. Same for Petersen when Washington hired him from Boise.

McElwain was responsible for 2M of the 7M and Florida paid 5M with game included.
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$3.75 million at a school where's there no state income tax. That's slightly north of $4 million if RU would want to equal it, or that of any coach working in Florida or Texas.
 
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