Golden's Buyout 10 Million

[wherrera8]

You don't pay that large sum of money in one year.

The great athletic programs understand the simple concept of college athletics: they can pay for themselves. The more relevant you are and the more competitive and dominating you are, the more exposure, the more endorsements, the more tickets and the more donors you have. The money coming in starts to be much more than it was before. Now you have more revenues, and expenses are still the same.

 

[Notsince1985]

Why does Joe Casale have an opinion on this matter?

 

[WhatTheHell]

You guys realize this is the Twitter of ChefCane, the fake insider that was laughed off of CanesTime after being exposed as a fraud.

He knows less than shlt about anything.

 

[52CANES]

God I wish I had Buffet/ Gates type money cause this would have happened awhile ago....35 mil is pocket change for those guys.

Well according to wikipedia we need to contact, the middle east Bakr bin laden who runs the family businesses is a um grad and former president and ceo of mcdonalds and board member of dunkin donuts ralph alvarez...theres a bunch of CEO level guys who went to UM.... do these guy hate football? lol

 

[Shogun]

Another dumb *** blowhard pontificating on a contract he's never seen.

On top of that, he makes it seem like you have to pay the entire $20M in a lump sum payment to the next HC the day you hire him.

Twitter giveth (Joaquin and Buchanon and the Albortion detractors) and Twitter taketh away (fakes and pontificating blowhards like this guy).

Do you know who the pontificating blowhard is? It's none other than Roger Federer's former agent, Joe Casale.

The Chef?!

 

[Consigliere]

Another dumb *** blowhard pontificating on a contract he's never seen.

On top of that, he makes it seem like you have to pay the entire $20M in a lump sum payment to the next HC the day you hire him.

Twitter giveth (Joaquin and Buchanon and the Albortion detractors) and Twitter taketh away (fakes and pontificating blowhards like this guy).

Amazing stuff.

 

[Hegemon]

His buyout is 3.5-5 million.

 

[Stylie]

lol that cant be real life. how long are we gonna allow this football progrum to be ruined by a fat ******* hamster

lol.

 

[NateDogg]

RT @sportsJC16: Number for today is $35 million. The approximate cost for UM to fire Al Golden and hire a new HC and staff. Next few tweets will outline it.

RT @sportsJC16: $10 million. Cost of firing Golden with 5 years remaining on his contract. That number can be offset by $ he gets in his next gig. (Cont)

RT @sportsJC16: But $10 million is a working number. $20 million to hire the next coach ($4 million per/5 years). That gets you an upper echelon HC. (Cont).

RT @sportsJC16: Remaining $5 million goes to hiring a staff. Give or take a million. To conclude, firing Golden ends up costing UM $35 million. (Cont)

RT @sportsJC16: That's a huge whack for a private school. You can do it cheaper but that doesn't really get you anywhere. Therein lies the problem.

RT @sportsJC16: A coaches buyout is if he takes another job. UM may have language in Golden's deal post-extension that insulates them. I'm not sure on that.

assuming those numbers are accurate (I have no way of knowing) There is no way UM pays him $10MM as his buyout. Why? Because I do not see him ever being fired by UM. The more I've thought about it, and with his wife's current health condition (whether it is serious/still ongoing or not) presents him an easy way out. Chances are we continue to play poor, and let's assume losses to FSU, VT, and 1 more (my money is on Virginia). That puts us at 6-6, no way in **** he survives that. Could he have let go of his boy a year or two ago and bought himself time? Probably, but that ship has sailed. He made th decision to 'ride or die' with NO-D and they will be going down together.

So once we arrive at that point, how can UM fumigate without paying the full $10MM? I think we can all agree there is probably a very, very high level of respect in terms of how the administration/BOT views Golden. He obviously used the ncaa issues to his advantage, but it still represented a tough draw for him. Where does that leave UM? Out of respect to Golden they can/should offer to negotiate his buyout whle abtaining from the dreaded 'you're fired' (insert vince mcmahon GIF). While most people will be able to conclude he was pushed out, Golden will have the opportunity to 'step down' citing family (his wife, personal exhaustion, etc.) This would be a win-win for both sides, really. UM is able to pay less up front while also eventually offsetting some of the cost by way of Golden's next contract. He wins by avoiding the ultimate loser label, not to mention protecting his little beeotch friend in the process.

At first this might all sound like a pipe dream (if presented with the option above, does he choose pride and dig in similar to how he's handled our defense?) but I really think his past history of dealing with adversity should foreshadow everything: deflect, make excuses, and finish with self-absorbed statement of 'him taking ownership'. By negotiating the buy out he can protect his 'brand' (guarantee there are still several ADs who hold him in high regard), save his fat slob friend, and pocket a little cash.

 

[Miami82]

lol that cant be real life. how long are we gonna allow this football progrum to be ruined by a fat ******* hamster

for someone that hates shalala as much as you do, how did you not get the memo that she's retiring?

She hasn't retired yet...

 

[LUcanesfan]

RT @sportsJC16: They need to pay full market rate for a HC AND staff. No shortcuts. The only way you get a top guy. Now you see why it's a tough call.

This right here is our biggest problem! Miami tends to hire young and up-and-comers. Guys that have potential (ala Jimmy). Those guys don't grow on trees... If pay is not an option, then why do we keep investing in duds?

 

[NateDogg]

Wow, Golden used the Car Salesman Tatics on Shala and she bought right in. SMH. i can just see it, him confusing the **** out of her. she just saying okay lets do it.

He had everyone at one point. Guy is one shrewd sc.umbag. What's funny is you coud probably compare the success curve of a ponzi scheme to is tenure here (in terms of support, not wins obviously) When one of those things start to tip, it's like an avalanche. GT was the start, it's all gravy from here on out.

Get your popcorn ready.

 

[drifters1234]

Whatever the buyout is we're gonna have to pay the whole amount, this clown isnt gonna get a job anywhere

serious truth here. who is going to hire a guy that flamed out without ever having done anything previously. and he definitely isn't getting a job coaching special teams.

Assuming we fire him, he is definitely not getting a head coaching position at a school that will pay him big $.

While the numbers are inconceivable, given his $2M salary, if he really got this information from Tim Reynolds then we're screwed.

This program is run by a bunch of incompetents. It's mind-boggling.

Again assuming this buyout is remotely accurate, this might be the rare circumstance where you force the head coach to fire his coordinator, and hire a guy with a completley different philosophy. That would be the only leverage we have. You almost never want an AD getting involved with coordinator decisions, bc it may scare off future head coaching candidates. But this situation is untenable.

And I am fully aware this is Golden's defense. I am not one generally advocating sticking with Golden and just getting rid of Donofrio, bc Donofrio is doing what Golden is telling him to do. I'm saying if we really do not have the wherewithal to fire Golden bc of some Mt. Everest buyout then tell him he's a lame duck by firing his buddy.

Edit: I did not read the whole thread, and did not realize this was that Chefcane jackass. I take back everything I said, as I don't believe a word that pompous idiot says.

 

[52CANES]

God I wish I had Buffet/ Gates type money cause this would have happened awhile ago....35 mil is pocket change for those guys.

If i had 81 billion I would hire Nick Saban as Head Coach, Mark Dantonio as DC, and Chip Kelly as OC. I don't care what it would cost i would make it happen.

 

[DREW!]

I agree with Nate, that's a win win for everyone. However, I don't think the numbers are accurate about his buyout.

 

[itsacanething]

Whatever the buyout is we're gonna have to pay the whole amount, this clown isnt gonna get a job anywhere

serious truth here. who is going to hire a guy that flamed out without ever having done anything previously. and he definitely isn't getting a job coaching special teams.

Assuming we fire him, he is definitely not getting a head coaching position at a school that will pay him big $.

While the numbers are inconceivable, given his $2M salary, if he really got this information from Tim Reynolds then we're screwed.

This program is run by a bunch of incompetents. It's mind-boggling.

Again assuming this buyout is remotely accurate, this might be the rare circumstance where you force the head coach to fire his coordinator, and hire a guy with a completley different philosophy. That would be the only leverage we have. You almost never want an AD getting involved with coordinator decisions, bc it may scare off future head coaching candidates. But this situation is untenable.

And I am fully aware this is Golden's defense. I am not one generally advocating sticking with Golden and just getting rid of Donofrio, bc Donofrio is doing what Golden is telling him to do. I'm saying if we really do not have the wherewithal to fire Golden bc of some Mt. Everest buyout then tell him he's a lame duck by firing his buddy.

Edit: I did not read the whole thread, and did not realize this was that Chefcane jackass. I take back everything I said, as I don't believe a word that pompous idiot says.

does it really matter who is posting. haven't we all been around long enough to know money will always be a problem for us when dealing with a buyout and hiring coaches? it is always the same story with us. we can't afford to make changes and we can't afford not to.

 

[kendallcanes]

It would be cheaper to keep Golden as a puppet and hire a Defensive Coordinator for 2.5 million per year. We would be the only school in the country where a coordinator makes more than the Head Coach.

 

[3FW]

It is more expensive not to fire him. Momentum is building if the players quit, he will get sacked this year.

 

[De Pinga]

lol at anyone listening to Chefcane

 

[MizCane]

Big time football programs sometimes have to take a hit on coaches not getting it done. ND is still paying Charlie Weis. His buyout was 19M! Let's also think about freakin KU. They canned Weis after game 4 this year and will be paying a buyout for him as well as their last coach turner Gil. Freakin KU is canning football coaches and they are a basketball school.

We need to cut and run from these jokers ASAP and get into the interview process. Keep as many recruits for next year and have a new staff ready to go for Spring ball.