Originally Posted by CE80
These multi year contracts with coaches work one way. The coach is guaranteed his 5 years at $700k/year. If he does well, he will get increases and extensions. If he gets fired, he will get all his pay.
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I agree, all of these deals seem totally one-sided, the schools have all the risk. If the coach works out, everything is fine, and everybody is happy.
But, if the coach does not work out, the school seemingly always has to pay to get rid of the coach, due to these coaches seemingly always getting a contract extension(s), due to recruiting being hurt if no extension(s) is/are given, since the coach is a dead man walking without the extension(s), and the school gets jobbed having to pay off the contract extension(s).
There needs to be more balancing of the risk in these contracts.
And the coach can leave on a whim, with seemingly little punishment, but if the coach is fired early on in the deal, the schools pay out the nose, and the program is hamstrung paying off the contract.
It seems that you rarely hear anymore of a coach having to pay his old school a sizeable sum if he leaves early on for another school.
