Do you take Gruden at $50m over 10 years?

#227
#227
Velo Vol said:
The economics here is starting to get a bit crazy. Do you know how many tickets it takes to raise $50 million?
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LOL so you don't think the economics are working out ok for Alabama? Because that is the contract range we are talking about. 9-10 million a year. You can't be short sighted in a hire like this.
 
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#228
#228
I love the people who are like "We want Gruden! We want Gruden!" and then they find out it's going to cost serious money and they're like "Well you should see if you can Petersen for half that". That's not how these things work. You have to go all in. If your number one candidate is ready to sign, you sign him. You don't say, "Well, hold on a minute" and then call up Petersen. That's a good way to end up with another lousy coach. You've tried to do this on the cheap for long enough now (and you've lost money doing it).
 
#229
#229
If Clay Travis is right, sounds like we countered with a $6/million per year offer, with probably much less years on it.
 
#231
#231
Velo Vol said:
Yes, they work out, if you are in BSC contention every year.

That's not a given here, with someone who has never coached in college.
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So, you don't think Gruden can get it done in college? Haha I mean if the guy wants to ride into Neyland on a pink pony I will personally buy him one if it means he'll be our next coach. If I can't find one ill buy a regular pony and spray paint it pink just so he'll be happy. That's how confident I am that Gruden can get it done. If he wants 7 mill give it to him. We will reap the benefits the next ten years I promise.
 
#232
#232
Velo Vol said:
Yes, they work out, if you are in BSC contention every year.

That's not a given here, with someone who has never coached in college.
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filling the stadium is the first part. Based on the last game we played

attendance: 89,272
capacity: 102,455

empty seats: 13,183

Assuming $50/ticket means UT lost out on $659,150 just in tickets. Now assume everyone spend $5 extra dollars while in Neyland and that's $65,915 for a total of $725,065. Multiply that times 8 home games and you get $5,800,520 in lost revenue for the season. (done quickly and while working but I think it's close)

That does not take anything else into effect like increased donations, parking passes, merchandise sales, etc. Not to mention the impact on the local economy it would have

I think the money will take care of itself if we make the right hire
 
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#235
#235
mreed90 said:
That seems like a little long on the length side of things. However, if the buyout is not silly high in case things go badly then it's fine. If the buyout is silly high then I'd be hesitant to sign it.
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The $50M would be guaranteed, all of it.
 
#236
#236
utvolpj said:
Multiply that times 8 home games and you get $5,800,520 in lost revenue for the season. (done quickly and while working but I think it's close)
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Too lazy to do the math, but if your estimate are correct we need to sell out every game just to cover the head coach (not counting what he is allegedly asking for assistants).

I'm not arguing that it wouldn't be worth it when you factor in TV and other revenues. I'm simply pointing out that it's a lot of money to raise selling tickets and popcorn.
 
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#237
#237
Velo Vol said:
Too lazy to do the math, but if your estimate are correct we need to sell out every game just to cover the head coach (not counting what he is allegedly asking for assistants).

I'm not arguing that it wouldn't be worth it when you factor in TV and other revenues. I'm simply pointing out that it's a lot of money to raise selling tickets and popcorn.
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it's a lot....but the flip side is paying half of that for an unproven coach and ending up with empty seats and losing money. It's a huge decision.
 
#238
#238
Velo Vol said:
The economics here is starting to get a bit crazy. Do you know how many tickets it takes to raise $50 million?
Click to expand...

$10mil/year for 10 years is only a little over what some schools currently pay for their entire staff:

LSU

Alabama

Texas (doesn't really count. Texas is god-tier for AD revenue)

Ohio State

Clemson

etc etc etc


I.E. it's the legit and real-world cost that a competitive staff will command. It's not like the old days where 1 good head coach can do it all. A good head coach needs an entire staff surrounding him.

The details that have come out (could be entirely wrong) are absolutely in line with what I would expect. A successful hire will comp the entire term (i.e. all 10 years) in the first 4-5 years with BCS pot, merchandise, concessions/tickets, etc.

There is no dispute or stand to be made here. Gruden, if he was here, would need a top notch staff. That costs money.
 
#239
#239
Stevorino said:
That's apparently what Basillo is reporting. I don't care how inaccurate Basillo is, it's an interesting question.

10 years is a long time to be committed to paying out 5/yr

I personally would be a fan of a longer contract, assuming the coach was a proven commodity like Gruden. I'd love a contract that would essentially make Tennessee fans shut-up and swallow what happens the next 5-7 years with the same head coach so we can finally have some stability.
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Does a fat baby fart?
 
#240
#240
Hell yeah I would hire him. If we get Strong it will cost us at least 3 million what is few extra million for a dream coach. Lot of people say that us a lot of money. Even if Gruden wanted Tennessee to pay 4-5 million for staff. At around 100 million for 10 years we could have a power house for years to come and no Kiffin 1 year fling. I would be willing to pay extra 12.00 a ticket for chance for a danasty. $12.00 x 105,000=1,260,000 game
8 games x 1,260,000=10,080,000.There is the
10,000.000 plus change left over. That is my easy payment way.
 
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#241
#241
CookieVol said:
Proven big time coaches in a conference that is not the SEC, that is my only concern. How do they translate and adjust. And how long would it take
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I know it's not always ideal or perfect but I tend to think if you can win in a smaller conference with those type of players, you can win in a bigger conference with better players. Of course Petersen could not win 11 games a year in the SEC with his Boise St squad. I do think given a squad of SEC talent, he could very well compete for titles. Same with Patterson. These guys have shown they can recruit, manage games, and win in college football. I would much rather see us throw 40 million in a package deal to one of them over say 6 years VS 100 million dollar package to Gruden over 10. JMO

Also, Gruden has not shown he could recruit or win in the SEC either. Don't get me wrong. I would love to see the hire. I just think it's alot of money vs some very good other options.
 
#242
#242
No.

I'd give Gruden an incentive-laden contract. I've already done a lot of the math and it's obvious that due to poor attendance and lack of fan interest right now, that we could be losing $1 - $2 million per home game.

If Gruden brings excitement back and can win 9+ games routinely, the university would make more on ticket sells, more on concessions, more of merchandise, and more on everything else. Might as well use this math in order to compensate Gruden better.

So why not give him a base $4.5 mil contract. Then set it up with a bunch of incentives. Details would have to be worked out, but for example:

(1) 9-win season: $1 million bonus
(2) SEC Championship: $2 million bonus
(3) National Championship: $3 million bonus

As far as length, 10 years is fine, so long as the university has an opt-out. One years' salary if the university terminates him.
 
#243
#243
DiderotsGhost said:
No.

I'd give Gruden an incentive-laden contract. I've already done a lot of the math and it's obvious that due to poor attendance and lack of fan interest right now, that we could be losing $1 - $2 million per home game.

If Gruden brings excitement back and can win 9+ games routinely, the university would make more on ticket sells, more on concessions, more of merchandise, and more on everything else. Might as well use this math in order to compensate Gruden better.

So why not give him a base $4.5 mil contract. Then set it up with a bunch of incentives. Details would have to be worked out, but for example:

(1) 9-win season: $1 million bonus
(2) SEC Championship: $2 million bonus
(3) National Championship: $3 million bonus

As far as length, 10 years is fine, so long as the university has an opt-out. One years' salary if the university terminates him.
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I think your incentives would be way over the top. I don't think ANY coach has ever got a million dollar bonus for winning a national title let alone 9 games. Hell, winning 8 games can get a coach fired now a days. I would think maybe 150,000 for 10 wins. 250,000 for an SEC title and 500,000 for a national title would be plenty. I also don't think there is any chance of Gruden agreeing to 1 year salary if fired. Dooley is walking with 2.5 years salary. I would bet Gruden would be asking 10 million if fired.
 
#244
#244
DC Vol said:
$10mil/year for 10 years is only a little over what some schools currently pay for their entire staff:

LSU

Alabama

Texas (doesn't really count. Texas is god-tier for AD revenue)

Ohio State

Clemson
Click to expand...

According to this, Clemson is paying $8.2 million.

Board of Trustees approves salaries of Clemson assistant coaches - Clemson Football News - TigerNet.com

LSU $7.7 million

LSU approves more than $1 million in raises for Les Miles, assistants

OSU $7.2 million

Examining B1G assistant coach salaries - Big Ten Blog - ESPN
 
#245
#245
99gator said:
I think people need to take a step back, breathe a little, and ask when gruden became god's gift to coaching.

Tennessee needs to get the best coach they can, not the coolest name out there
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This hire has to be a big name ,with Gruden this year I see us being in top 10 of recruiting maybe higher.
With the other names out there except for a few names they will have to win games first with a fan base that has been drained . Only other names with the wow effect would be Saban ,Myers , Spurrier ,Belichick , Manning . We have to buy a name for our product or we will be like that new restaurant that opened in the same building that the previous 5 tenants didn't make it in.
 
#246
#246
That extent of that contract might tell me:
A. Gruden wants to be here and is looking at retiring here (wife ready to settle in?)
B. The University wants a coach for the long haul and does not want to have to do this again for a while.

He has UT ties, has coached here before, works great with college kids in the camps and in the combine interviews. I like this kind of contract.
 
#247
#247
You pay him whatever reasonable amount he wants. 5 million is a bargain. In 10 years the tv contract for the sec alone is going to be a crazy astronomical windfall for UT. Assistants make the program so yeah several million for them is reasonable as well. If that is his demand it should be a done deal.

And dont forget standard language in these contracts is termination for fault a la petrino. So if Gruden (who is a pretty squeaky clean family guy to boot) bangs hookers and lies about it they can still get out of the contract. They would negotiate a lower buyout figure in that instance.

It looks like he wants to settle in like he settled in Tampa which makes sense with his kids getting older and his wifes family being local. I personally think this deal
 
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#248
#248
The problem with Tennessee is whether the University wants to put up Bama money to get a coach like Gruden. Saban's new contract has him through the 2019-2020 season making $44,983,336.36. That is an avg. of $5,622,916.67 a year. This is very close to the rumors of what it would take to get a Super Bowl Champion coach. True he hasn't held a head coaching position in the college ranks. Do you think Saban did any better in the NFL?
 
#250
#250
LebanonVolunteer said:
I know it's not always ideal or perfect but I tend to think if you can win in a smaller conference with those type of players, you can win in a bigger conference with better players. Of course Petersen could not win 11 games a year in the SEC with his Boise St squad. I do think given a squad of SEC talent, he could very well compete for titles. Same with Patterson. These guys have shown they can recruit, manage games, and win in college football. I would much rather see us throw 40 million in a package deal to one of them over say 6 years VS 100 million dollar package to Gruden over 10. JMO

Also, Gruden has not shown he could recruit or win in the SEC either. Don't get me wrong. I would love to see the hire. I just think it's alot of money vs some very good other options.
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Seriously?? You were complaining in another thread they have never showed they are willing to pay to get a big name coach now you dont want them to?
 
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