Indiana fires Tom Allen

[Morrischiano]

Report: Indiana fires Allen, will pay $20M buyout

Indiana dismissed head coach Tom Allen on Sunday after seven seasons in charge, a source told Zach Osterman of the Indianapolis Star.The Hoosiers will pay a buyout of over $20 million to move on from Allen, who had four years remaining on his contract, adds Osterman.More to come.

www.thescore.com

 

[rutgersguy1]

Didn’t think they would swallow the 20M. The extension off short term results proves costly.

 

[rurichdog]

Would have been cheaper to identify & pay for the next Penix

 

[rutgersguy1]

Would have been cheaper to identify & pay for the next Penix

DeBoer and Penix both.

 

[DennisHajekRC84]

Oh boy. There goes another winnable game.

 

[jtung230]

Oh boy. There goes another winnable game.

Or if we win, it’s against a new coach so it doesn’t count.

 

[Plum Street]

Or if we win, it’s against a new coach so it doesn’t count.

We don’t play them next year

 

[PaBoiler78]

Would have been cheaper to identify & pay for the next Penix

15.5 mil in 2 payments, all furnished by alum donors

 

[jtung230]

We don’t play them next year

So we got lucky because it would’ve been an automatic loss.

 

[MADHAT1]

15.5 mil in 2 payments, all furnished by alum donors

At Rutgers that 15.5 mill would be on the 30 year plan if RU boosters were footing the bill. 😁

 

[HPNJRUfan]

Didn’t think they would swallow the 20M. The extension off short term results proves costly.

View embedded media

They couldn't wait another week?

 

[MADHAT1]

They couldn't wait another week?

Could be boosters stepping up and Allen settling for 4.3 Mil less .

How much would IU owe Tom Allen if it fired him?​

A year-by-year breakdown of IU’s duty in the case of firing without cause:

Dec. 1, 2023: $20.8 million.

Dec. 1, 2024: $7.95 million.

Dec. 1, 2025: $5.4 million.

Dec. 1, 2026: $2.75 million.

 

[rutgersguy1]

They couldn't wait another week?

I don’t think the actual day mattered even though they report that.

Also the buyout was negotiated down to 15.5M in two payments.

 

[Plum Street]

So we got lucky because it would’ve been an automatic loss.

Stop being a fool

 

[jtung230]

Stop being a fool

Just seems like there is a group of “fans” trying to qualify everything GS touches. I’ve heard it all before. Just trying to save everyone some time.

 

[Plum Street]

Just seems like there is a group of “fans” trying to qualify everything GS touches. I’ve heard it all before. Just trying to save everyone some time.

Not many is qualifying it .
Some look at things objectively and that is OK

 

[rutgersguy1]

Jon Gruden rumors even now for IU lol. Thats even crazier than the Gruden Tenn ones from years ago.

 

[RU-AGK]

I thought Jon Gruden became a rapper?

 

[RuSnp]

I'd love to see a list of guys who were never head coaches until the P5 and how well they did as head coach. I bet for every Kirby Smart there are 10 Chris Ash's. Maybe more.

 

[Knight Owl]

Indiana pays one of the biggest buyouts in college FOOTBALL history. Now THAT IS news.

 

[Joey Bags]

what is in it for Allen to agree to a number lower than what his contract determined payout would be?

 

[rutgersguy1]

what is in it for Allen to agree to a number lower than what his contract determined payout would be?

I believe Paul Chryst did that too when Wisconsin let him go as well. I'm not sure other than you might get more money up front in the lump sum payments and maybe no offsets for future employment.

 

[Plum Street]

Archie miller got a nice buyout from Indiana too

 

[Hardslider21]

15.5 mil in 2 payments, all furnished by alum donors

Mark Cuban paying anything?

 

[LeapinLou]

One of their starting QBs (they have 2) entered the transfer portal.

 

[jtung230]

I believe Paul Chryst did that too when Wisconsin let him go as well. I'm not sure other than you might get more money up front in the lump sum payments and maybe no offsets for future employment.

Most likely a PV discount

 

[rutgersguy1]

Most likely a PV discount

Is that much going to change in the future? Inflation going down lol.

5M extra over 3-4 years? In Chryst's case it might have even been more. Is it going be that much of differential, suppose it depends on what rate of return you can get.

It's kind of like the lump sum of a lottery jackpot vs the annuitized payout. In that case 20+ years and rate of returns I get it, for this kind of thing I'm not as certain.

I think maybe no offsets and need to find future employment should you not want it might be part of it provided the lump sum payouts are high enough and quick enough. It's also clean cut and you're over and done with.

 

[MADHAT1]

what is in it for Allen to agree to a number lower than what his contract determined payout would be?

Might be lump sum right away instead of regular payments until the time the contract was due to expire and what he earns , until paid in full, being deducted from what he was owed.

 

[ashokan]

Cignetti fired at Pitt.
Another OC walks the plank

Pitt fires OC Cignetti after finishing 3-9 in 2023

Pitt fired offensive coordinator Frank Cignetti Jr. on Sunday after finishing 3-9 this season.

www.espn.com

 

[NotInRHouse]

Or if we win, it’s against a new coach so it doesn’t count.

My new favorite is any team we beat is in cHaOs or dIsaRrAy so it doesn't count

I just learned today VT was in dIsArRaY so beating them was in fact not a good win at all

 

[jtung230]

My new favorite is any team we beat is in cHaOs or dIsaRrAy so it doesn't count

I just learned today VT was in dIsArRaY so beating them was in fact not a good win at all

GS is a good teacher because they all figured it out after they played us.

 

[rufeelinit]

Interesting that you never hear Paul Chryst's name associated with a job opening post his Wisconsin firing. His overall record was pretty good.

 

[Rutgers85]

 

[Caliknight]

Gruden would be a massive hire for them.

IU boosters come up with $15MM for a buyout. We simply don't have that type of juice to make those moves.

 

[rutgersguy1]

View embedded media

I posted that above and imo is crazier than the Tenn rumors from years back.

 

[MADHAT1]

Seeing the Gruden Indiana rumor reminds me of years and years ago when Rutgers was looking for a HC some posters on RU FB boards said Bill Parcells should be hired.

 

[4IUSox2]

Gruden’s dad was a Corso assistant in the 70’s. He’s talked fondly of his childhood in B-ton being a ball boy for football and basketball. That’s about it for the connections though. I do NOT think this will happen and I don’t know that I want it to happen.

More logical choices, at least for me are: Fitz, Tom Herman, Chryst, Candle from Toledo. Wildcards would be Dan Mullen or Dave Clawson, just not sure if looking.

Word is, it won’t be a first time HC (ala Allen, Wilson, Cam Cameron). If accurate, that would eliminate guys like IU alum Justin Frye, or Brian Hartline, both at OSU; or Mike Hart at UM, a former RB’s coach at IU.

 

[rurichdog]

Gruden would be a massive hire for them.

IU boosters come up with $15MM for a buyout. We simply don't have that type of juice to make those moves.

Delbarton Kindergarten ain't gonna pay for itself. Those poors in the endzone seats need to pony up!

 

[NotInRHouse]

Interesting that you never hear Paul Chryst's name associated with a job opening post his Wisconsin firing. His overall record was pretty good.

Should be the first call for IU IMO

 

[rutgersdave]

15.5 mil in 2 payments, all furnished by alum donors

Could have paid the QB 5 million for 4 years of service and 10.5 million to the offensive line and receivers.