When you include buyouts and incentives I disagree that it was similar money.This was done right by the AD, but I guess I don't really care when they then go out and hire a guy and make him the lowest paid head coach in the conference. Especially when they had chances to hire guys like Craig Smith for very similar money.
You have to give Pitino credit, frankly.Have to give Coyle credit for this. The athletic department saved a good chunk of money because of the way he handled letting Richard go.
I never said he owed them money or would pay them to leave, that would have made no sense. And its not a $500,000, its $1.75 mil saved on the buyout. Like I said it would be.but he also doesn't owe the university the $500,000 termination fee in his contract for departing to another school before April 30.
Don't get me wrong, still saved 1.25. That's a win.
Then they way overpaid a rookie coach with it. Johnson may be great someday but they could have gotten him for far less. So no, I give Coyle zero credit for this. The Johnson hire could be genius or foolish, that one we have no idea on. What he was paid? Stupid.Have to give Coyle credit for this. The athletic department saved a good chunk of money because of the way he handled letting Richard go.
We're not "voluntarily forfeiting" anything. That payback is only meant if Pitino left for another job prior to the end of the contract. We fired Pitino. He then got another job. We didn't forfeit anything here (unless you're opining we shouldn't have fired Pitino - but if that's the case, there's no reason he would've taken the NM job).- $500k that we were supposed to get paid back per his contract, that we're voluntarily forfeiting
= 1.25 net
Just take the win
Yes, Pitino deserves some credit as well.You have to give Pitino credit, frankly.
He very easily could've just waited, just to make us pay him out, and then gotten a job after that.
Good thing we saved all that money so we could afford Coach JohnsonYes, Pitino deserves some credit as well.
The way the buyout works he would have had to stay unemployed for a while (probably a couple years at least, but it depends on the finer language in the contract) in order to collect the full $1.75M. It’s not just “here’s a check for $1.75M. See ya later.” He would collect that in installments over a period of time, and the payments would cease as soon as he found comparable employment.
Coyle could have fired him walking to the locker room after his last game on March 11, and if he was hired at New Mexico on March 16 (as he was) we wouldn’t have had to pay a buyout of any kind. But because Coyle let him know earlier that he probably wasn’t going to continue as our head coach he was able to get a head start on looking for other jobs. Plus, it shows him respect, and may put him in the mindset that we are trying to help him find another job so there is no need to sit at home and collect our money.
No disagreement on being disappointed with the hire. Just saying the first part was handled very well, and I’ll give credit where it’s due.Then they way overpaid a rookie coach with it. Johnson may be great someday but they could have gotten him for far less. So no, I give Coyle zero credit for this. The Johnson hire could be genius or foolish, that one we have no idea on. What he was paid? Stupid.