It will cost more than $3M to keep him
Gate receipts and vending at games alone probably takes a $2M hit.
If we hire someone not employed like Butch we probably save $3M right there bc we don't pay a buyout
Then consider lost money on apparel, tv money.
Then add lost capital gains on that difference of money along w time value of it
I don't know if it will cost them more than $3MM or not ... But they clearly think the cost of his buyout exceeds the value of increased revenue of a new coaching hire.
For me to remain a fan of this program ... I have to believe SOMEONE in the administration and BoT is smart enough to run a cost-benefit analysis, and they know the actual numbers a helluva lot better than me.
So, I'm gonna go with the idea that they are making a sound financial decision to keep him one more season, and will make a legit hire next year.
No. This is incorrect on so many levels.
1. You trust the admin and BOT to make a sound financial decision when they have done nothing to prove they're capable of doing one. The admin and BOT put us in the situation today. They extended him. They felt the need to extend him without any logical reason. Why would you believe they're capable of making a sound financial decision? They handicap us!
2. This isn't just about financials, there are many other issues with keeping Golden around. Just to name a few:
(A) they're telling the alum/fans that we're okay tanking in 2015 (what kind of message is that?) and in doing so jeopardizes the student-athletes,
(b) they're digging the program into deeper hole by delaying the process, and
(c) you're letting a coach run the program for another 10-12 months who knows he is out the door after the season(this is a guy who has not made a coaching change despite OBVIOUS issues on the staff). How does this benefit anyone?
3. The biggest issue the admin and BOT still remains. THEY LOVE TO MICROMANAGE!!! They have tremendous flaws and are not capable of running a program properly. This is why we have had 3 retards at AD and 2 of them left as soon as possible. This school needs to bring in a real competent and passionate AD to run the department and then follow the words of Adam Smith (HANDS ***ING OFF!)
So stop trusting and start realizing what is ACTUALLY going on.
Hands off...except this one time when we really need them to sh1tcan Al Golden.