In case y’all been wondering why I’ve been banging the fire RG drum….
In case y’all been wondering why I’ve been banging the fire RG drum….
No. He essentially has a fully guaranteed contract. If they fire him in a given year, he is owed whatever is remaining on his contract for that year AND whatever is remaining on his contract in total. Below are the buyout numbers (h/t to rward on 247)
If fired before 12/31 of the following years (from the actual contract):
2021: $14,800,000
2022: $11,400,000
2023: $7,800,000
2024: $4,000,000
That is only part of the math. The contract, a clip of the actual page describing the buyout is attached to a post higher up in this thread, states that if terminated before 12/31/21 he would receive $14.8M less what he has already been paid in 2021. This means that by 12/31/21 his actual buyout would be $11,400,000 assuming he is paid equally over the year and not a lump sum on 12/31/21.
So, at December 31 he would essentially be owed:
2021: $11,400,000
2022: $7,800,000
2023 $4,000,000
This assumes that there is no contract extension.
Thanks for doing this math. Given how shambolic this whole thing is, the earliest I see us parting ways with KD is the 2023 date.That is only part of the math. The contract, a clip of the actual page describing the buyout is attached to a post higher up in this thread, states that if terminated before 12/31/21 he would receive $14.8M less what he has already been paid in 2021. This means that by 12/31/21 his actual buyout would be $11,400,000 assuming he is paid equally over the year and not a lump sum on 12/31/21.
So, at December 31 he would essentially be owed:
2021: $11,400,000
2022: $7,800,000
2023 $4,000,000
This assumes that there is no contract extension.
Right. It’s only $14.8m if they fire him mid season this year essentially. I could maybe see the AD coming up with $7.8m to fire him after next season on 1/1/23, but can’t see them paying $11.4m to make him go away after this yearThat is only part of the math. The contract, a clip of the actual page describing the buyout is attached to a post higher up in this thread, states that if terminated before 12/31/21 he would receive $14.8M less what he has already been paid in 2021. This means that by 12/31/21 his actual buyout would be $11,400,000 assuming he is paid equally over the year and not a lump sum on 12/31/21.
So, at December 31 he would essentially be owed:
2021: $11,400,000
2022: $7,800,000
2023 $4,000,000
This assumes that there is no contract extension.
Getting that amount of cash to pay him AND the necessary raises for the next staff is not available. Maybe the 2023 date.Right. It’s only $14.8m if they fire him mid season this year essentially. I could maybe see the AD coming up with $7.8m to fire him after next season on 1/1/23, but can’t see them paying $11.4m to make him go away after this year
If you are right, it's Head Coach Albatross.Thanks for doing this math. Given how shambolic this whole thing is, the earliest I see us parting ways with KD is the 2023 date.
I think Jim’s math is right. Either way, I don’t see anything changing until after the 2023 season.If you are right, it's Head Coach Albatross.
CUFB is in deep trouble.
Time to find other things to do.
Right. It’s only $14.8m if they fire him mid season this year essentially. I could maybe see the AD coming up with $7.8m to fire him after next season on 1/1/23, but can’t see them paying $11.4m to make him go away after this year
I think Jim’s math is right. Either way, I don’t see anything changing until after the 2023 season.
A very reasonable assumption. Two more seasons of thisMy math assumes he is paid equal amounts each month throughout the year.
He inherited a top 5 program and left it…not the same.He did a better job here than people give him credit for. After the way he left, I still want to see him devoured by rats.
And if Simone Biles thought the Olympics was overwhelming, what would she do if she was a CU fan?The best we can realistically hope for is that Chev and Rodrique are both ****canned following the season and their replacements are worth a damn. Dorrell ain’t going anywhere.
If I squint really hard and go through some serious mental gymnastics, I can convince myself that’s not the worst outcome possible. Figure any assistants he hires will be reluctant to come here if his seat is really hot. Having that contract might actually help convince quality assistants to take the chance to come here.
Yeah, I know. That’s Simone Biles level mental gymnastics there. If mental gymnastics were an Olympic sport, I’d dominate.
Josh McDaniels started his time with the Broncos at 6-0. By your thinking he should have gotten at least another year.The title of the thread.
First season 4-2
Second season 1-4, 7 gamges left.
Fire him lol?
…
So, at December 31 he would essentially be owed:
2021: $11,400,000
2022: $7,800,000
2023 $4,000,000
This assumes that there is no contract extension.
That’s why I already set my reminder. Think of all the time we’ll save!Thanks for doing this math. Given how shambolic this whole thing is, the earliest I see us parting ways with KD is the 2023 date.
Ok that makes a bit more sense, so at least they can fire him in November of 2022 and basically only owe him the $7.8m + the December salary?It is doubtful he gets paid more in-season than out of season. If so, he would be owed roughly $13.1M mid season this year. It makes no sense to fire him in January of any year there would be no cost savings over firing him on 11/30 of any given year.
I agree with the idea of paying the next coach incrementally more than the last in order to stay somewhat competitive, but there is no way RG needed to fully guarantee his contract w/r/t his termination buyout. Guys like Mel Tucker, Ryan Day, Sark, Herman, etc have the cache to demand more of the money in a fireable situation, but this was the payday of Dorrell's lifetime regardless of whether it was fully guaranteed. He would have almost certainly agreed to something like Sam Pittman's contract at Arkansas or even something more drasticKD was in the process of building a house and Boulder and RG still OVERPAID him. The guy wanted to be here even before the coaching job was on the table. Unreal.
He keeps talking about how a new sound system, new bathrooms and a complete renovation of Balch and the west side are in the works. Why the **** is that where funds are being allocated instead of doing what it takes to hire and retain a good coaching staff and recruiting infrastructure??Big Jim's math post is why RG needs to be fired yesterday. He paid a journeyman WR coach well above his resume and then tacked on all these guarantees.
"KD - here's the job. We'll guarantee 2 years. Then we will revisit in year 3 after you've had your chance to put your stamp on things. But only 2 years guaranteed".
If KD wasn't ok with that, let him keep coaching WRs in the NFL.
Rick is the worse businessman ever. He's a salesman, and an empty suit one at that. He came in and convinced some donors to pay for the stadium and training facility. He convinced Mel Tucker to come here, but with promises he couldn't keep. This is story of incompetence.
A good football team pays for all of that stuff.He keeps talking about how a new sound system, new bathrooms and a complete renovation of Balch and the west side are in the works. Why the **** is that where funds are being allocated instead of doing what it takes to hire and retain a good coaching staff and recruiting infrastructure??
Contracts must be respected. Why would he agree to negotiate it down or take a pay cut? Mel Tucker was abused for bailing on the prograam. At the end of day it is a business. There are no more loyalties in big money NCAA football. I was upset when Mel Tucker left. I have changed my mind.