For Cause

[RUsilencer]

In a move that only can be seen by the likes of Fred Grunninger, Barchi raised Flood's buyout to $1.4 million if he is not fired for cause. I, like many, were under the impression that his salary increased but they buyout stayed the same at $700k.

Barchi looks like a horse's ass to the BOG for giving the extension and not knowing what was going on behind the scenes. What will be revealed from 2013 and 2014 along with what went down this year have him reportedly seething. Flood's contract actually mentions violations of NCAA rules as a reason to terminate for cause. Drugs are indeed against NCAA rules. If any were covered up or not reported (as is being widely reported from the inside), that's all the President needs.

Interesting enough, this is the first contract I have seen where the President signed the contract and not the AD. The million dollar question now at RU is not if Flood. It's if JH too...

 

[RU2055]

Queue the game of thrones intro music with images of Barchi, JH, Flood, Towers, etc.

 

[rutgersguy1]

The increase of the buyout was known since the day it became public and that's what the whole Towers thing was about and how it was privately funded.

As far as the president, I would think at a lot of schools that the president and the BOG have final say on any significant contract at the school. Just look at Houston and how it need BOG approval to proposed raise for Tom Herman, I don't think there's anything surprising about that either.

 

[RUsilencer]

The increase of the buyout was known since the day it became public and that's what the whole Towers thing was about and how it was privately funded.

As far as the president, I would think at a lot of schools that the president and the BOG have final say on any significant contract at the school. Just look at Houston and how it need BOG approval to proposed raise for Tom Herman, I don't think there's anything surprising about that either.

Towers privately funded the salary increase. Unless he is privately escrowing $700k of the buyout, what makes him have to make that contribution?

Look at Floods first contract. Signed by Pernetti and not Barchi

 

[rutgersguy1]

Towers privately funded the salary increase. Unless he is privately escrowing $700k of the buyout, what makes him have to make that contribution?

Look at Floods first contract. Signed by Pernetti and not Barchi

As far as I know, the buyout was increased through private funds. It's been alluded to many times here by many posters and that was my understanding also. The extra 700k was privately funded. Why would it be discussed here about Towers supposedly backing out if Flood is fired, that can only refer to the buyout not his salary.

As far as TP signature on Flood's contract, I haven't seen it but I don't think Barchi was even president then. Besides after Rice I would think he wanted more oversight over the contract and again regardless of whose signature is on the contract it's going to need the president's and BOG's approval at that salary level.

I looked it up and you're right with regards to TP's signature.

I see for EJ's contract it's Barchi with the offer letter but at the time we only had Kirshner as interim AD. With CVS I see JH's signature. I have no idea what the convention is and what's determining it, but it's semantics. At that level, it's likely going to need the president's and BOG's approval whether the president's signature is there or not.

 

[Upstream]

The increase of the buyout was known since the day it became public and that's what the whole Towers thing was about and how it was privately funded.

As far as the president, I would think at a lot of schools that the president and the BOG have final say on any significant contract at the school. Just look at Houston and how it need BOG approval to proposed raise for Tom Herman, I don't think there's anything surprising about that either.

I wouldn't read too much into who signed the contract. There are multiple people with signature authority. I assume at Rutgers, like at my company, the person who actually signs the contract is determined by many factors, one of which is who is actually in the office and available to put pen to paper.

 

[RU2055]

In a move that only can be seen by the likes of Fred Grunninger, Barchi raised Flood's buyout to $1.4 million if he is not fired for cause. I, like many, were under the impression that his salary increased but they buyout stayed the same at $700k.

Barchi looks like a horse's ass to the BOG for giving the extension and not knowing what was going on behind the scenes. What will be revealed from 2013 and 2014 along with what went down this year have him reportedly seething. Flood's contract actually mentions violations of NCAA rules as a reason to terminate for cause. Drugs are indeed against NCAA rules. If any were covered up or not reported (as is being widely reported from the inside), that's all the President needs.

Interesting enough, this is the first contract I have seen where the President signed the contract and not the AD. The million dollar question now at RU is not if Flood. It's if JH too...

The only way JH would be in the hook as well is if the "issues" were systemic throughout the athletic department. If it's only limited to the football team, well then ........ Also, JH didn't sign the extension, Barchi did as you said. So, she won't be in the hook for that either.

This is what Barchi gets for being penny wise pound foolish when it comes to the football program. Shouldn't have listened to the Rutgers 1000.

 

[Abro1975]

Oh the Dramatics ! Lol

Maybe a few more new threads on the exact same topic will help though.

Ps- there is an RU football game tomorrow.

 

[rutgersguy1]

I wouldn't read too much into who signed the contract. There are multiple people with signature authority. I assume at Rutgers, like at my company, the person who actually signs the contract is determined by many factors, one of which is who is actually in the office and available to put pen to paper.

That's what I'm saying as I added to my post above, it's semantics. At that level it's likely going to need the president's and BOG approval no matter who is signing it.

 

[Leonard23]

In a move that only can be seen by the likes of Fred Grunninger, Barchi raised Flood's buyout to $1.4 million if he is not fired for cause. I, like many, were under the impression that his salary increased but they buyout stayed the same at $700k.

Barchi looks like a horse's ass to the BOG for giving the extension and not knowing what was going on behind the scenes. What will be revealed from 2013 and 2014 along with what went down this year have him reportedly seething. Flood's contract actually mentions violations of NCAA rules as a reason to terminate for cause. Drugs are indeed against NCAA rules. If any were covered up or not reported (as is being widely reported from the inside), that's all the President needs.

Interesting enough, this is the first contract I have seen where the President signed the contract and not the AD. The million dollar question now at RU is not if Flood. It's if JH too...

You & many on here don't understand how these things work. Universities, like corporations & the like have signing/contracting & spending authority limits. Barchi only has authority to contract or spend $250,000, so he can't contract to commit the University to spend $700,000 or $1.4M or more without the BOGs approving. Barchi signing instead of Julie may just be because he was available & Julie wasn't or the BOGs wanted him to.

 

[RU2055]

You & many on here don't understand how these things work. Universities, like corporations & the like have signing/contracting & spending authority limits. Barchi only has authority to contract or spend $250,000, so he can't contract to commit the University to spend $700,000 or $1.4M or more without the BOGs approving. Barchi signing instead of Julie may just be because he was available & Julie wasn't or the BOGs wanted him to.

Barchi's spend authority is only $250k? I seriously doubt that with the overall budget RU has. If it is, that's unbelievably inefficient to have to go to the BOG every time above that threshold.

 

[Leonard23]

Barchi's spend authority is only $250k? I seriously doubt that with the overall budget RU has. If it is, that's unbelievably inefficient to have to go to the BOG every time above that threshold.

Don't believe me, read it:
http://generalcounsel.rutgers.edu/sites/generalcounsel/files/00204216.PDF

 

[RU2055]

Don't believe me, read it:
http://generalcounsel.rutgers.edu/sites/generalcounsel/files/00204216.PDF

Well, I learned something new. Thanks. So, yeah whether Barchi signed or Julie doesn't mean squat.

 

[Upstream]

Don't believe me, read it:
http://generalcounsel.rutgers.edu/sites/generalcounsel/files/00204216.PDF

The chart you linked shows that the under the authority of the President, athletic contracts up to $250K are delegated to the Athletic Director. That means Julie can sign contracts up to $250K, and Barchi needs to sign above $250K. (Also, under the authority of the Athletic Director, contracts up to $250K are delegated to the Athletics CFO, so that is another person who can sign below $250K.)

 

[Leonard23]

The chart you linked shows that the under the authority of the President, athletic contracts up to $250K are delegated to the Athletic Director. That means Julie can sign contracts up to $250K, and Barchi needs to sign above $250K. (Also, under the authority of the Athletic Director, contracts up to $250K are delegated to the Athletics CFO, so that is another person who can sign below $250K.)

Yes. My mistake reading it quickly as it appears he may have up to $500,000 as any athletics employee comp above thay requires BOG approval, so it doesn't change the conclusion that the BOG has to approve highly compensated head FB coach contracts: http://policies.rutgers.edu/50114-currentpdf

The Committee shall be kept apprised of decisions, large donations, or commercial offers that could impact in a significant way the financial landscape of any of the athletics
programs.
The Committee shall consult with the President regarding the hiring of high level athletics personnel and recommend to the Executive Committee of the Board of Governors the salaries for high level athletics personnel in the Division of Intercollegiate Athletics. (This includes any contract renewals or changes or additions to the employment contracts.)
High level athletics personnel include, but are not limited to, the Intercollegiate Athletic
Directors, the coaches of revenue generating sports (i.e., the men’s basketball team, the
women’s basketball team, and the football team) or any other athletics employee whose
proposed total compensation exceeds $500,000. Changes in the compensation
packages for these individuals shall be endorsed by this Committee (and the Executive Committee of the Board of Governors) prior to implementation.

 

[Upstream]

Yes. My mistake reading it quickly as it appears he may have up to $500,000 as any athletics employee comp above thay requires BOG approval, so it doesn't change the conclusion that the BOG has to approve highly compensated head FB coach contracts: http://policies.rutgers.edu/50114-currentpdf

The Committee shall be kept apprised of decisions, large donations, or commercial offers that could impact in a significant way the financial landscape of any of the athletics
programs.
The Committee shall consult with the President regarding the hiring of high level athletics personnel and recommend to the Executive Committee of the Board of Governors the salaries for high level athletics personnel in the Division of Intercollegiate Athletics. (This includes any contract renewals or changes or additions to the employment contracts.)
High level athletics personnel include, but are not limited to, the Intercollegiate Athletic
Directors, the coaches of revenue generating sports (i.e., the men’s basketball team, the
women’s basketball team, and the football team) or any other athletics employee whose
proposed total compensation exceeds $500,000. Changes in the compensation
packages for these individuals shall be endorsed by this Committee (and the Executive Committee of the Board of Governors) prior to implementation.

I think everyone (other than a few idiots like the OP) knows that the BOG has oversight over decisions regarding high-profile athletic personnel like the head football coach.

 

[RUsilencer]

I think everyone (other than a few idiots like the OP) knows that the BOG has oversight over decisions regarding high-profile athletic personnel like the head football coach.

The OP KNOWS the BOG has oversight. Only an idiot like yourself would not believe that the BOG doesnt make recommendations. They act on recommendations. One here made by Dr Barchi

 

[Upstream]

So then it doesn't really matter who signed the contract?

 

[Wolv RU]

All the OP had to do at any point was use google for five seconds. There was absolutely nothing misleading about Flood's buyout.... ever. It was in at least 10 publicly printed articles last September. By the way, Julie H publicly implied that the buyout increase was privately funded. Take this excerpt:

If Flood was fired at the end of this season, Flood would've received a buyout of $700,000 but the extension rubber-stamped by the Board of Governors guarantees Flood to receive a flat $1.4 million buyout if he is terminated without cause at any point through Feb. 28, 2019. Rutgers athletics director Julie Hermann said last week that she "enhanced'' Flood's contract "through private funding.''

http://www.nj.com/rutgersfootball/i...all_coach_kyle_floods_contract_extension.html

 

[Wolv RU]

In a move that only can be seen by the likes of Fred Grunninger, Barchi raised Flood's buyout to $1.4 million if he is not fired for cause. I, like many, were under the impression that his salary increased but they buyout stayed the same at $700k.

Barchi looks like a horse's ass to the BOG for giving the extension and not knowing what was going on behind the scenes. What will be revealed from 2013 and 2014 along with what went down this year have him reportedly seething. Flood's contract actually mentions violations of NCAA rules as a reason to terminate for cause. Drugs are indeed against NCAA rules. If any were covered up or not reported (as is being widely reported from the inside), that's all the President needs.

Interesting enough, this is the first contract I have seen where the President signed the contract and not the AD. The million dollar question now at RU is not if Flood. It's if JH too...

Given the article I just posted, it is difficult to figure out which is the worst point the OP tried to make. Each sentence is more ridiculous than the last.

 

[knightfan7]

Wow, I had more financial authority within the company I worked for in the 80's than Barchi does now. That's scary....for my former employer.