Coaching buyouts

[Rupert Jenkins]

Who here has some fairly accurate info on buy outs of another teams coach. We all know what it costs to make one go away but what typically does it cost to buy a coach out of his current contract ? Say Chadwell or Traylor ? They have a lot of money left contractually

 

[greenbean.sixpack]

For Chadwell, not only would we have his buyout, he'd want to break the bank to come. $7mil+

 

[8dog]

I doubt anyone knows the buyout another school would have to pay to hire a coach. That’s usually not readily accessible info and often times not related to the current salary or what the current school would have to pay if they fired the coach. I mean why would Chadwell hem himself in with a huge buyout when he has the leverage in negotiating with Liberty

 

[Rupert Jenkins]

I'm sure it's negotiated but would hinder us pursuing many candidates that get brought up continually here. Chadwell has like 4 years at 4 mill left. Traylor signed a 10 year contract in 21 at 2.5 mill. Paying the right coach 6 or 7 mill would not be a deterrent but dropping 10 or 12 on buyout would be. I would have to assume the other school would push for at least half but I really have no idea

 

[Perd Hapley]

Schools that poach coaches pay almost nothing in buyout money. UF paid us something like $500k when they hired Mullen. That’s not a made up rumor of a number either, it was in the fine print of one of those USA Today annual AD revenue articles from back in 2018 or so.

Contractually, it’s typically the same amount as it is if you fire them (except the school getting the money instead). But the school with the departing coach always has zero leverage. They can legally enforce the contract if they want, but they’d get tied up in a months long battle with the hiring school….meanwhile the coach is still working for the new school (recruiting, staff building, etc.) while getting paid by the old one, and the old school can’t make a replacement hire until it gets settled.

 

[patdog]

I don't see us paying a big buyout to get a coach. We'll do it the same old short sighted cheap way we did when we didn't replace the AD for 4 months and just promoted an unqualified DC to head coach without a coaching search.

 

[8dog]

I'm sure it's negotiated but would hinder us pursuing many candidates that get brought up continually here. Chadwell has like 4 years at 4 mill left. Traylor signed a 10 year contract in 21 at 2.5 mill. Paying the right coach 6 or 7 mill would not be a deterrent but dropping 10 or 12 on buyout would be. I would have to assume the other school would push for at least half but I really have no idea

No one is paying near 10-12 mill to buyout a coach they want to hire.

 

[HumpDawgy]

We will hire whoever Sexton pushes on us.

 

[The Peeper]

Who here has some fairly accurate info on buy outs of another teams coach. We all know what it costs to make one go away but what typically does it cost to buy a coach out of his current contract ? Say Chadwell or Traylor ? They have a lot of money left contractually

This is all I could find but can't vouch for its accuracy, its current and shows number effective 12/1/23 it says. BirdPuppy has pointed out this is to fire one, not hire one:


USA Today Coaches Contracts & Buyouts

 

[BirdPuppy]

It is typically no more than one year of contract. Often a fraction of that. It shouldn’t be a deterrent for anyone we are pursuing.

 

[BirdPuppy]

Found this but can't vouch for its accuracy, its current and shows number effective 12/1/23 it says:


USA Today Coaches Contracts & Buyouts

That’s to fire, not hire.

 

[Rupert Jenkins]

Schools that poach coaches pay almost nothing in buyout money. UF paid us something like $500k when they hired Mullen. That’s not a made up rumor of a number either, it was in the fine print of one of those USA Today annual AD revenue articles from back in 2018 or so.

Contractually, it’s typically the same amount as it is if you fire them (except the school getting the money instead). But the school with the departing coach always has zero leverage. They can legally enforce the contract if they want, but they’d get tied up in a months long battle with the hiring school….meanwhile the coach is still working for the new school (recruiting, staff building, etc.) while getting paid by the old one, and the old school can’t make a replacement hire until it gets settled.

That sounds good. Basically it's not a problem at all then. Excellent

 

[thatsbaseball]

We will hire whoever Sexton pushes on us.

This is a concern but my hope is even though he's a new AD, Selmon has been around long enough to have some good connections and can think for himself.

 

[8dog]

That sounds good. Basically it's not a problem at all then. Excellent

Yeah. Mike Leach had just signed a 5 year $4 mill per year deal before we hired him. So that should give you an idea of how little the buyout matters.

 

[thatsbaseball]

A question and a thought.....both sadly indicative of our program
1) Have we ever had to pay a buyout to hire a coach ?
2) We've only had one football HC in the last 60 years that anybody else was even remotely interested in hiring away from us.

 

[ronpolk]

Schools that poach coaches pay almost nothing in buyout money. UF paid us something like $500k when they hired Mullen. That’s not a made up rumor of a number either, it was in the fine print of one of those USA Today annual AD revenue articles from back in 2018 or so.

Contractually, it’s typically the same amount as it is if you fire them (except the school getting the money instead). But the school with the departing coach always has zero leverage. They can legally enforce the contract if they want, but they’d get tied up in a months long battle with the hiring school….meanwhile the coach is still working for the new school (recruiting, staff building, etc.) while getting paid by the old one, and the old school can’t make a replacement hire until it gets settled.

Exactly… it’s a non event. Schools lose coaches and buyouts are negotiated. Let a school like liberty try and stop a coach from taking a bigger job, it would be the last ambitious coach they got.