Minnesota close to hiring the boat rower
- Thread starter rurichdog
- Start date
Makes perfect sense. The rowing is endless. Minnesota IS the land of 10,000 lakes.
I wonder how Les Miles feels about being Minnesota's back-up plan if the PJ Fleck deal falls apart. Per the article linked below, Miles apparently met with Minnesota on both Wednesday and Thursday.
http://www.thescore.com/ncaaf/news/1201149-report-minnesota-close-to-deal-with-p-j-fleck
As mentioned earlier in this thread, the deal for Fleck is apparently 6 years at $21 million ($3.5 mil per year).
http://www.fox2detroit.com/sports/227386811-story
I imagine the Minnesota financial commitment to the new facilities plan is part of what is swaying Fleck.
http://www.nothingshortofgreatness.com/facilities.php
Fleck is already a hella recruiter... with the fancy new Gopher facilities coming soon, he is gonna have another selling tool.
In two or three years, methinks Wisconsin, Iowa, and Nebraska are going to begin to face a very tough challenge for the West Division from Minnesota annually.
:football:
http://www.thescore.com/ncaaf/news/1201149-report-minnesota-close-to-deal-with-p-j-fleck
As mentioned earlier in this thread, the deal for Fleck is apparently 6 years at $21 million ($3.5 mil per year).
http://www.fox2detroit.com/sports/227386811-story
I imagine the Minnesota financial commitment to the new facilities plan is part of what is swaying Fleck.
http://www.nothingshortofgreatness.com/facilities.php
Fleck is already a hella recruiter... with the fancy new Gopher facilities coming soon, he is gonna have another selling tool.
In two or three years, methinks Wisconsin, Iowa, and Nebraska are going to begin to face a very tough challenge for the West Division from Minnesota annually.
:football:
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This would be an interesting challenge for Fleck at this time. At WMU he out-recruited his peer schools, which is awesome, but was allowed to bring in pretty much anyone he wanted. At Minnesota, which has "B1Gger" peer schools, in the wake of A TON of controversy, it's gonna be interesting to see what he can do. Maybe not as much of a challenge as Purdue would have been, however, at THIS particular time could be a major challenge nonetheless.
As a long time Rutgers fan, I know what will happen. Fleck will have Minny in the Rose Bowl within five years, and we will lament that we could have had him as our coach.
We are so screwed . . . . . .
(it always has to be said).
(it always has to be said).
I'm not sure it should be any of a challenge. This is as good a situation and he can expect stepping up into the P5. Claeys won 9 games this year and had a winning record in conference. Kill was winning 8 games 2 of the 3 years prior and .500 or better records in conference. So 3 out of the last 4 years 8+ games won and .500 records or better in conference.
He should step right in and keep marching along. This isn't the more typical situation where you might find a rebuild during a coaching change. He's also got new facilities being built. I don't know how much more you could ask for a first time P5 coach stepping up. Now we'll see if he can keep Minnesota's boat rowing along.
3M+ salary, that's getting to be what 2M was just a short while ago. Coaching salary inflation is just crazy. I was saying this when Butch Jones and Strong got 3M+ at Tenn/Louisville a handful of years ago and it's just gotten more prevalent. Now even more unproven coaches on the P5 level can get this salary like Brohm and Fleck.
Yeah, it is nutty. Wonder if the NCAA or conferences will eventually implement a salary cap for HC's and coaching staffs. It has gotten out of control, IMO.
That's never going to happen. As much as I don't like the salaries without the track record to back it up I don't it think it should happen.
It's up to the admin to use their brains. Saban makes 7M, I don't have one iota of an issue with that and Meyer too or even Harbaugh at 5M (forget about the insurance payments). It's when coaches who haven't really done a whole lot or haven't shown any consistency yet but still get these big salaries that I find to be an irresponsible use of resources (regardless of whether the school has the money or not).
Flecks got to be having second thoughts about this job after he talks to his long time friend Jerry Kill.....Not a stable situation and shaky support through the admins at school.
Love to see him get the job if hes supported...Go PJ!
Love to see him get the job if hes supported...Go PJ!
Six year deal for $3.5 Million a year should ease his concerns. If the place is not stable and he has shaky support, he can bolt for another job.
As a fan of the Big Ten, I want the B1G West to be as strong as the B1G East. I have no idea how he will work out, since there is a huge difference between the MAC and the Big Ten.
Good luck and row that boat all night long.. woooo
Good luck and row that boat all night long.. woooo
I don't think he makes 9M like I said forget the insurance payments. It's a one time or 2 time payment and that's it. It's compensation but it's not his salary. His salary is 5M IIRC.
I mentioned this a day or two ago in another thread. It's like when Butch Jones got 3M when he was hired by Tenn but later USA Today reported that it was like 4-5M IIRC and I was like what? Later found out it was the payment of the buyout to Cincy that inflated the figure but it's not recurring compensation. Similar USA Today reports Harbaugh's is making 9M but I don't think it's recurring it's a couple payments for the insurance policy. I'm pretty sure his yearly salary averages 5M/yr or something like that.
Harbaugh's coaching salary is $5M. The school is loaning him $4M to pay off a life insurance premium. He'll only have to pay it back if/when he dies. So it's not actually part of his salary.
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His annual base salary was increased from 5 million a year to 7 million a year when he agreed to, and signed an addendum to his contract last year. Then, on top of that, the university agreed to pay him an additional $2 million a year in what they cleverly termed a "life insurance premium" that the school pays each year, every year through 2021.
Just a fancy way of being able to pay him more money, without it "appearing as" more guaranteed money.
He makes 9 million a year. That's the bottom line.
I don't think his base salary increased. It's still 5M/yr til 2021 according to this article. They're loaning him 4M this year and 2M for the next 5 years (this part I didn't know about) to pay the premium of the insurance. They get paid back the loan if he dies as well so it doesn't sound like anything really out of pocket if they actually get the money back, even if it's at a later date and if it gets cancelled at any time Harbaugh has to repay the loan back. So sounds like they get their "insurance loans" back sooner or later. The 5M is actual salary which they don't get back.
Even if you take the loans as salary it still sounds like 9M this year and 7M each year for the remaining years of his contract. Really though it seems like the 4M this year and 2M each succeeding year Michigan gets back either when he dies eventually or if the policy ever gets cancelled.
http://www.si.com/college-football/2016/08/18/michigan-jim-harbaugh-contract
So now Clayton knows what it feels like when someone quits on you
PJ got Paid!
Darren Wolfson @DWolfsonKSTP 3m3 minutes ago
And can confirm @JoeCStrib report of Fleck's 5-year deal being in the $17.5M-$18M range. #Gophers
0 replies1 retweet0 likes
Darren Wolfson @DWolfsonKSTP 3m3 minutes ago
And can confirm @JoeCStrib report of Fleck's 5-year deal being in the $17.5M-$18M range. #Gophers
0 replies1 retweet0 likes
For those inquiring minds out there, this is known as "split-dollar insurance." I have never heard of a coach getting this -- methinks he hired a corporate attorney as opposed to an "agent." Split dollar is somewhat common as part of an executive compensation package. If Harbaugh is not contributing anything to his life insurance policy (as is probably the case), the amount of annual taxable compensation he is receiving as part of that plan is equal to the annual cost of term life insurance.
So the school pays all of the policy premiums, Harbaugh has income in the amount of the cost of term life insurance, and at Harbaugh's death, the school gets back every dollar it paid into the policy, and Harbaugh's family gets the excess.
It's called the good old "Rutgers screw". I've been experiencing it for over 50 years and it never fails. It's real folks, trust me.
Don't know all the formal terminology but this is what it sounded like to me when I read that article.
Or quite a few first time P5 coaches, and veteran P5 coaches for that matter, are overpaid. Just look at the SEC. Many of them make 4M+ and the low end is like 3M and they all can't be winners.
