Indiana's Money Problem: Buying out Tom Allen is going to be expensive.

[BW Lion]

Not PSU expensive, but expensive for them.

Dollars and cents

So back to the initial point. It’s no longer a football issue. Indiana is putting a bad product out on the field — one that appears to be getting worse. The Hoosiers are at serious risk of recording only one Big Ten win over two seasons. IU football has different standards than schools like Michigan and Ohio State, but that on-field performance would put most Power Five coaches in jeopardy.

It’s not a football issue. It’s money.

Per IndyStar, IU would owe Tom Allen $25.5 million if it fired him without cause before December 1. That number would drop to $20.8 million on December 1, 2023. The buyout doesn’t reach a realistic figure until December 1, 2024, when it falls to just under $8 million.

You never know, but things are more likely to get even worse for IU’s program before things improve.

Column: It’s no longer a football issue for Indiana

After Indiana football’s dreadful performance against No. 15 Penn State, it’s time for some hard truths about the program and its coaching staff. It’s not a football issue for Ind…

www.thedailyhoosier.com

 

[Nitt1300]

what makes them think the next guy would be better? are great athletes lining up to play for Indiana?

 

[Midnighter]

what makes them think the next guy would be better? are great athletes lining up to play for Indiana?

Yeah, unless some big money donor is going to pay for it, just keep him. Same with Franklin - no guarantee the next guy will be better and certainly not worth the cost. The real question is why is Indiana's HC getting paid like that? Total waste. Can win one B1G game every two years for a fraction of that cost.

 

[psuno1]

Yeah, unless some big money donor is going to pay for it, just keep him. Same with Franklin - no guarantee the next guy will be better and certainly not worth the cost. The real question is why is Indiana's HC getting paid like that? Total waste. Can win one B1G game every two years for a fraction of that cost.

Must have a great agent.

 

[s1uggo72]

Charles Huff beat ND, that's all they need to know in Indiana. Marshall will let him out for sure!

 

[PSUFTG]

Not PSU expensive, but expensive for them.

Dollars and cents

So back to the initial point. It’s no longer a football issue. Indiana is putting a bad product out on the field — one that appears to be getting worse. The Hoosiers are at serious risk of recording only one Big Ten win over two seasons. IU football has different standards than schools like Michigan and Ohio State, but that on-field performance would put most Power Five coaches in jeopardy.

It’s not a football issue. It’s money.

Per IndyStar, IU would owe Tom Allen $25.5 million if it fired him without cause before December 1. That number would drop to $20.8 million on December 1, 2023. The buyout doesn’t reach a realistic figure until December 1, 2024, when it falls to just under $8 million.

You never know, but things are more likely to get even worse for IU’s program before things improve.

Column: It’s no longer a football issue for Indiana

After Indiana football’s dreadful performance against No. 15 Penn State, it’s time for some hard truths about the program and its coaching staff. It’s not a football issue for Ind…

www.thedailyhoosier.com

Aside from just being "wrong", just about every one of those big $, long-term, guaranteed CFB coaching contracts is looking more and more misguided.
Texas A&M, Northwestern, Michigan State, Oklahoma, Stanford, Nebraska, Texas, Miami etc etc - even little ol' Indiana. (And even more will join the list over the next few years - maybe even Clemson)
The idea that one can buy "championships" by paying (and guaranteeing) huge piles of money to a football coach is being shown to be just as inane as any reasonable person would have known a long time ago.


Will the ADs/Presidents/whomever who created those situations be held accountable?

 

[PSUJam]

Not PSU expensive, but expensive for them.

Dollars and cents

So back to the initial point. It’s no longer a football issue. Indiana is putting a bad product out on the field — one that appears to be getting worse. The Hoosiers are at serious risk of recording only one Big Ten win over two seasons. IU football has different standards than schools like Michigan and Ohio State, but that on-field performance would put most Power Five coaches in jeopardy.

It’s not a football issue. It’s money.

Per IndyStar, IU would owe Tom Allen $25.5 million if it fired him without cause before December 1. That number would drop to $20.8 million on December 1, 2023. The buyout doesn’t reach a realistic figure until December 1, 2024, when it falls to just under $8 million.

You never know, but things are more likely to get even worse for IU’s program before things improve.

Column: It’s no longer a football issue for Indiana

After Indiana football’s dreadful performance against No. 15 Penn State, it’s time for some hard truths about the program and its coaching staff. It’s not a football issue for Ind…

www.thedailyhoosier.com

Reich to Indiana.

 

[WestSideLion]

Must have a great agent.

Agents are one of the great beneficiaries in the dying days of "stupid money" for NCAA coaches. They 100% are drumming up fake interest as leverage in getting their coach clients crazy-money contracts from dumb, fat and happy athletic directors.

 

[psu0408]

Indiana is the CFB equivalent of Penn State Basketball. Since Allen took over as HC in 2016, Indiana was bowl eligible in 2016, 2019 (8-5 record), and 2020 (6-2 record during covid year), along with two 5-win seasons. Their teams have been competitive against ranked opponents, and they've put some pros in the NFL. At PSU, we'd be thrilled if the team made the tournament half the time, even if there were some bad years in between.

That being said, they've been awful for the last two years and need to hit up the transfer portal. But letting go of Allen would be stupid, as they're not going to land a better coach.

 

[PSUSignore]

Aside from just being "wrong", just about every one of those big $, long-term, guaranteed CFB coaching contracts is looking more and more misguided.
Texas A&M, Northwestern, Michigan State, Oklahoma, Stanford, Nebraska, Texas, Miami etc etc - even little ol' Indiana. (And even more will join the list over the next few years - maybe even Clemson)
The idea that one can buy "championships" by paying (and guaranteeing) huge piles of money to a football coach is being shown to be just as inane as any reasonable person would have known a long time ago.


Will the ADs/Presidents/whomever who created those situations be held accountable?

Tucker's MSU deal is probably the most perplexing. He had very limited experience and the benefit of a stud RB in Kenneth Walker. I still do not understand why they gave him a 10 year deal.

 

[BostonNit]

Must have a great agent.

He threatened to jump ship to USC if they didn't pay him more.

 

[PSUFTG]

Tucker's MSU deal is probably the most perplexing. He had very limited experience and the benefit of a stud RB in Kenneth Walker. I still do not understand why they gave him a 10 year deal.

I believe - though I don't think anyone in the "public" has seen the actual contract (though there is a lawsuit pending) - that much of the money at MSU is being "underwritten" by a couple of MSU boosters. At least that was the scuttlebutt.
That might be the only thing keeping that contract from being the worst in college sports history.

 

[bbrown]

Yeah, unless some big money donor is going to pay for it, just keep him. Same with Franklin - no guarantee the next guy will be better and certainly not worth the cost. The real question is why is Indiana's HC getting paid like that? Total waste. Can win one B1G game every two years for a fraction of that cost.

Thats an excellent question. That must have all happened after their big win against us in 2020.
I think Kevin Wilson was the brains behind Allen.
And Allen should have been fired, along with the OC, for going with the QB's they did and then continuing to play hurry up. 3 and out in 45 seconds really doesn't do much to help the defense.

 

[Nitwit]

Good - let them wallow in the muck with Allen for many years to come. He’s a douche bag. Their empty stadium was embarrassing though and I wonder if they might have to fire him just to create some sort of fan interest. Otherwise they just remain a perennial doormat.

 

[Nits74]

Good - let them wallow in the muck with Allen for many years to come. He’s a douche bag. Their empty stadium was embarrassing though and I wonder if they might have to fire him just to create some sort of fan interest. Otherwise they just remain a perennial doormat.

Which is where they belong. I remember seeing them ranked relatively high at the beginning of the season last year and people proclaiming them to be a bona fide football school. As I suspected, they came crashing back to earth last year. And yes, Allen is a douche.

 

[step.eng69]

I believe - though I don't think anyone in the "public" has seen the actual contract (though there is a lawsuit pending) - that much of the money at MSU is being "underwritten" by a couple of MSU boosters. At least that was the scuttlebutt.
That might be the only thing keeping that contract from being the worst in college sports history.

Thank you "FOR THE GLORY "
TOM

 

[Nitt1300]

Aside from just being "wrong", just about every one of those big $, long-term, guaranteed CFB coaching contracts is looking more and more misguided.
Texas A&M, Northwestern, Michigan State, Oklahoma, Stanford, Nebraska, Texas, Miami etc etc - even little ol' Indiana. (And even more will join the list over the next few years - maybe even Clemson)
The idea that one can buy "championships" by paying (and guaranteeing) huge piles of money to a football coach is being shown to be just as inane as any reasonable person would have known a long time ago.


Will the ADs/Presidents/whomever who created those situations be held accountable?

CEOs are even more overpaid than head coaches

 

[ClarkstonMark]

I believe - though I don't think anyone in the "public" has seen the actual contract (though there is a lawsuit pending) - that much of the money at MSU is being "underwritten" by a couple of MSU boosters. At least that was the scuttlebutt.
That might be the only thing keeping that contract from being the worst in college sports history.

yes ~50% is being paid by 2 boosters

 

[Nitwit]

The Kadashians are the most overpaid of any category you can invent.

 

[Ceasar]

Aside from just being "wrong", just about every one of those big $, long-term, guaranteed CFB coaching contracts is looking more and more misguided.
Texas A&M, Northwestern, Michigan State, Oklahoma, Stanford, Nebraska, Texas, Miami etc etc - even little ol' Indiana. (And even more will join the list over the next few years - maybe even Clemson)
The idea that one can buy "championships" by paying (and guaranteeing) huge piles of money to a football coach is being shown to be just as inane as any reasonable person would have known a long time ago.


Will the ADs/Presidents/whomever who created those situations be held accountable?

Fantastic post.

 

[BW Lion]

yes ~50% is being paid by 2 boosters

Aren’t they they two mortgage related people in SE Michigan?

Two different businesses if I recall