OT: Coaches restructuring deals

[jaydogsmooth1]

Mike Norvell restructures contract, contributes millions to boost Florida State athletics

Mike Norvell has promised to quickly rebuild Florida State’s fallen football program. And he's putting his money where his mouth is.

www.tallahassee.com

Tom Brady and Tim Duncan are two that come to mind, routinely taking less money in order to win
Looks like college coaches might start doing the same thing, essentially betting on themselves in the long run to give up money in the short term

Mike's likely going to recoup this $$, and them some, on the back end should things work out like he anticipates they will

Additionally, I'm hearing he got "the talk" from the powers that be, as the buyout money is there (and, at 64 million dollars, isn't chump change), but still roughly 30 million less (sans bonuses, etc.) then he could make if he coaches the duration of the contract (and assuming it's not restructured before it ends)

 

[rutgersguy1]

Mike Norvell restructures contract, contributes millions to boost Florida State athletics

Mike Norvell has promised to quickly rebuild Florida State’s fallen football program. And he's putting his money where his mouth is.

www.tallahassee.com

Tom Brady and Tim Duncan are two that come to mind, routinely taking less money in order to win
Looks like college coaches might start doing the same thing, essentially betting on themselves in the long run to give up money in the short term

Mike's likely going to recoup this $$, and them some, on the back end should things work out like he anticipates they will

Additionally, I'm hearing he got "the talk" from the powers that be, as the buyout money is there (and, at 64 million dollars, isn't chump change), but still roughly 30 million less (sans bonuses, etc.) then he could make if he coaches the duration of the contract (and assuming it's not restructured before it ends)

Posted about that in the portal thread and another.

That makes Gundy (restructure), Kelly (1M matching) and now Norvell (restructure).

It's a better use of resources to have that money split between coaching salaries and school directed NIL (revenue sharing). It would be good to see that trend continue.

 

[jaydogsmooth1]

Posted about that in the portal thread and another.

That makes Gundy, Kelly and now Norvell.

It's a better use of resources to have that money split between coaching salaries and school directed NIL (revenue sharing). It would be good to see that trend continue.

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Ahh my bad brother, did not see it
UF did something similar w/Billy, as they had the $ for the buyout but are redirecting it to NIL
Not sure how that works, if it was earmarked specifically towards the buyout?

 

[rutgersguy1]

Ahh my bad brother, did not see it
UF did something similar w/Billy, as they had the $ for the buyout but are redirecting it to NIL
Not sure how that works, if it was earmarked specifically towards the buyout?

It's no problem, I sometimes just post stuff in tangential threads but anyone can start a thread for whatever. I just repost the info in this one lol no biggie.

I didn't see any news regarding Napier on that but why not. If you've already hit it big with a contract, how much more do you really need....redirect some of it to see if it can help you win more.

I hope this initiative by coaches catches on and will save some of these ADs from themselves with the crazy contracts they hand out. Player retention/acquisition is going to be another cost center and it's best not to use all your resources in 1 contract for a coach who may or may not be worthy of it on a year to year basis.

 

[jaydogsmooth1]

It's no problem, I sometimes just post stuff in tangential threads but anyone can start a thread for whatever. I just repost the info this one lol no biggie.

I didn't see any news regarding Napier on that but why not. If you've already hit it big with a contract, how much more do you really need....redirect some of it to see if it can help you win more.

I hope this initiative by coaches catches on and will save some of these ADs from themselves with the crazy contracts they hand out. Player retention/acquisition is going to be another cost center and it's best not to use all your resources in 1 contract for a coach who may or may not be worthy of it on a year to year basis.

I think, at the very least, it'll help even the playing field, as for the longest time, coaches had all the momentum

 

[Caliknight]

Schiano needs to do this.

 

[jaydogsmooth1]

Schiano needs to do this.

In fairness, Schiano didn't go 2-10 last year
Mike wouldn't doing this if they were 10-2

 

[RUTGERS95]

Mike Norvell restructures contract, contributes millions to boost Florida State athletics

Mike Norvell has promised to quickly rebuild Florida State’s fallen football program. And he's putting his money where his mouth is.

www.tallahassee.com

Tom Brady and Tim Duncan are two that come to mind, routinely taking less money in order to win
Looks like college coaches might start doing the same thing, essentially betting on themselves in the long run to give up money in the short term

Mike's likely going to recoup this $$, and them some, on the back end should things work out like he anticipates they will

Additionally, I'm hearing he got "the talk" from the powers that be, as the buyout money is there (and, at 64 million dollars, isn't chump change), but still roughly 30 million less (sans bonuses, etc.) then he could make if he coaches the duration of the contract (and assuming it's not restructured before it ends)

yup, it's smart and in the long run should benefit programs. All the fools that wanted an contract extension to McClellan, should have stfu and used that towards pooling resources for football given we knew NIL was going to be important
Greg should donate 2mm of his salary to the school to be used for players

 

[RUTGERS95]

Schiano needs to do this.

100% given how much he underachieved and his shitty handling of QB has held the program back

 

[ashokan]

College admins are desperate for wins and overpay coaches a lot.
Coaching has become a racket and that made NIL more likely.
Many coaches move a lot and I do think its a harder life than people think.
I don't scoff at high pay automatically but 10 million a year?
There are guys like Day making that who are not much better than 2 mil coaches.

12 Highest Paid College Football Coaches for the 2024 Season

In college football, success is measured by winning games and raising trophies, sure—but also in the contracts earned by the game’s best coaches.

www.si.com

 

[Caliknight]

100% given how much he underachieved and his shitty handling of QB has held the program back

He makes the most money in the program and can have the biggest impact by restructuring his salary to bring in players that can help him win, thus allowing him to negotiate a bigger contract next time.

Forget paying coaches. Funnel that money to players and get lower paid coaches. All about talent.

 

[e5fdny]

Don’t think Gundy did this by choice.

 

[kupuna133]

The coaches that are making these moves are doing this from a position of weakness. Sounds to me the boosters are tired of hearing the coaches demanding more without having true skin in the game.

I can understand Gundy restructuring his deal. Oklahoma states resources haven't been the same since Pickens past. But we’ve been hearing that FSU has boosters willing to pay hundreds of millions for an ACC buyout. Something doesn’t add up.

 

[rutgersguy1]

Don’t think Gundy did this by choice.

It wasn’t but it would’ve cost the school a bunch of money to fire him but they were supposedly going to do it for cause. What grounds I don’t know.

So they came to a mutual agreement on the restructuring and the money saved will go to players which was agreeable to both sides.

 

[RUTGERS95]

He makes the most money in the program and can have the biggest impact by restructuring his salary to bring in players that can help him win, thus allowing him to negotiate a bigger contract next time.

Forget paying coaches. Funnel that money to players and get lower paid coaches. All about talent.

100%

 

[tico brown]

In fairness, Schiano didn't go 2-10 last year
Mike wouldn't doing this if they were 10-2

100% given how much he underachieved and his shitty handling of QB has held the program back

💯💯💯

 

[jaydogsmooth1]

The coaches that are making these moves are doing this from a position of weakness. Sounds to me the boosters are tired of hearing the coaches demanding more without having true skin in the game.

I can understand Gundy restructuring his deal. Oklahoma states resources haven't been the same since Pickens past. But we’ve been hearing that FSU has boosters willing to pay hundreds of millions for an ACC buyout. Something doesn’t add up.

They're pissed b/c 2-10
Told him we have the $ to buy you out, but don't want to
Mike's betting on himself (to the tune of ~30 mil) that he'll figure things out

 

[jaydogsmooth1]

100%

That would be the move
But if you're him, why would you do that?

You make X
Your buyout is Y
The issue for him is, there's no Z

Boosters aren't up his ass to win natties
He's shown an upward trend since he took over
He just signed an extension
We have no president
And no AD

 

[GoodOl'Rutgers]

napkin math..

Rutgers.. 870 athletes.. 417 mean 453 women.. hmm.. TitleIX+ ?

Almost $23K per year per athlete if you use the entire $20M

 

[rutgersguy1]

napkin math..

Rutgers.. 870 athletes.. 417 mean 453 women.. hmm.. TitleIX+ ?

Almost $23K per year per athlete if you use the entire $20M

20.5M is the cap for all sports but I’m not sure if there is a minimum based on a school’s revenue or whatever metric.

The estimates were 15-17M of it for football but I’ve seen those numbers come down to 12-14M now for football.

I don’t know how the rest would get distributed if you’re a school that intends to spend to the full cap.

Tenn was adding a talent fee to their tickets to raise money. Clemson added an athletics fee to their tuition. Don’t know if other schools are doing similar but I’m sure some will. This restructuring of deals looks like another potential place to find some money for some schools.

 

[NickRU714]

I'm unsure how I feel about this.

Coaches shouldn't have to give back money because the Athletic Department leadership mismanaged their spending and can't afford to adequately compensate players.
It's not their fault.

Just like it's not players fault the Athletic Departments are mismanaging their budgets to keep losing money.

But college athletics is a bit different in that it may actually be the coaches fault.
Salaries keep skyrocketing while the Atheltics Departments keep losing money.
If the argument against player compensation is "but the overall AD loses money" then aren't coaches a significant reason for that?

So perhaps coaches should be giving back money until their salaries are right sized with regards to the money in the sport?

 

[Panthergrowl13]

At some point I believe schools administrators/state legislatures/ taxpayers will eventually respond to this mess.

With the reduction in students now attending colleges, colleges are facing significant financial stress now which will only increase in the future.

For example, WVU last year was forced to cut a number of programs because of reduced income due to student body reduction (tuition loss).

Penn State which has about 20 Branch Campuses is also facing the same problem (significant tuition loss due to student body reduction).
They are looking at reduction of programs and or potential closing of some of the Branch campuses (on going study).

Rich Rod was hired at WVU and Penn State will invest $700 milion to upgrade Beaver Stadium which will be used potentially 7 times per year. WVU and Penn State are not unique in this arms race.

Every year the state related schools will go to the state legislature to request an increase in funding.

Many colleges and universities will be forced to reduce programs or close in the future because of reduced student body.

But the band played on.

HAIL TO PITT!!!!

 

[Kbee3]

At some point I believe schools administrators/state legislatures/ taxpayers will eventually respond to this mess.

With the reduction in students now attending colleges, colleges are facing significant financial stress now which will only increase in the future.

For example, WVU last year was forced to cut a number of programs because of reduced income due to student body reduction (tuition loss).

Penn State which has about 20 Branch Campuses is also facing the same problem (significant tuition loss due to student body reduction).
They are looking at reduction of programs and or potential closing of some of the Branch campuses (on going study).

Rich Rod was hired at WVU and Penn State will invest $700 milion to upgrade Beaver Stadium which will be used potentially 7 times per year. WVU and Penn State are not unique in this arms race.

Every year the state related schools will go to the state legislature to request an increase in funding.

Many colleges and universities will be forced to reduce programs or close in the future because of reduced student body.

But the band played on.

HAIL TO PITT!!!!

Just what this country needs...a less-educated public.
The future's so bright I gotta wear shades.

 

[kupuna133]

They're pissed b/c 2-10
Told him we have the $ to buy you out, but don't want to
Mike's betting on himself (to the tune of ~30 mil) that he'll figure things out

I get why Gundy and Norvell agreed to the deal. I also understand why OKstate demanded it be done. Ok State doesn't have Pickens to pay the buyout. I don't understand why FSU, who you have stated has more money than they know what to do with, would show weakness by demanding this of their coach. Because that is what happened. Norvell didn't approach FSU and say I want to donate to an NIL fund off a 2-10 season. He was knee capped. And powers don't kneecap their coach they chop their head off, payout the contract and move on.

 

[Panthergrowl13]

Just what this country needs...a less-educated public.
The future's so bright I gotta wear shades.

Yes

There are less students graduating HS to fill the pipe line and the number of kids opting not to go to college out of HS is increasing.

HAIL TO PITT!!!!

 

[jaydogsmooth1]

I get why Gundy and Norvell agreed to the deal. I also understand why OKstate demanded it be done. Ok State doesn't have Pickens to pay the buyout. I don't understand why FSU, who you have stated has more money than they know what to do with, would show weakness by demanding this of their coach. Because that is what happened. Norvell didn't approach FSU and say I want to donate to an NIL fund off a 2-10 season. He was knee capped. And powers don't kneecap their coach they chop their head off, payout the contract and move on.

Never stated that FSU has more money then they know what to do with
They run tight margins, can raise capital when they need to, but don't want to overleverage themselves as they're looking at the big picture (Alford has budgets running for the next 15-20 years)

Re FSU - how's it showing weakness?
If anything, Mike's the one that caved, as he's still guaranteed 65 million regardless

On FSU's end, it's showing a commitment to winning, and not accepting mediocre (or, in this case, egregiously awful) results
To Mike's credit, he's not standing pat and accepting what happened

Rather, he's betting on himself to turn things around, and either be here for the duration of the contract, or coach there long enough to make more than 65 million

Nobody demanded anything - Mike got the talk, saying this isn't acceptable, he agreed, they worked out a deal where he's giving up something to likely get something (haven't got confirmation if / what that is, likely additional bonuses, endorsements, money in other areas, combo of stuff etc.)

Credit to FSU to be proactive
Credit to Mike for playing ball and not standing firm

 

[rutgersdave]

After formal ACC exit notice, Florida State now says 'we never said we wanted to leave'

With no other conference willing to take it, Florida State officials try a new stance in acrimonious lawsuit with ACC.

sports.yahoo.com

In other Florida State football news, Florida State denied ever saying they wanted to leave the ACC. Neither Big Ten or the SEC has room for Florida State.

 

[jaydogsmooth1]

After formal ACC exit notice, Florida State now says 'we never said we wanted to leave'

With no other conference willing to take it, Florida State officials try a new stance in acrimonious lawsuit with ACC.

sports.yahoo.com

In other Florida State football news, Florida State denied ever saying they wanted to leave the ACC.

Again, we never said we wanted to leave
Wanting to leave, and leaving us with no option, are two separate things

Hell, if we wanted to leave (and, in all honesty, if we were actually smart and didn't rest on our laurels and let incomponent people in charge make decisions with no consequences), we'd have been looking to leave well before we started making noise

The fact that it took this long to start making noise, after the $$ differential is what it is and will be moving forward, is criminal

 

[kupuna133]

Never stated that FSU has more money then they know what to do with
They run tight margins, can raise capital when they need to, but don't want to overleverage themselves as they're looking at the big picture (Alford has budgets running for the next 15-20 years)

Re FSU - how's it showing weakness?
If anything, Mike's the one that caved, as he's still guaranteed 65 million regardless

On FSU's end, it's showing a commitment to winning, and not accepting mediocre (or, in this case, egregiously awful) results
To Mike's credit, he's not standing pat and accepting what happened

Rather, he's betting on himself to turn things around, and either be here for the duration of the contract, or coach there long enough to make more than 65 million

Nobody demanded anything - Mike got the talk, saying this isn't acceptable, he agreed, they worked out a deal where he's giving up something to likely get something (haven't got confirmation if / what that is, likely additional bonuses, endorsements, money in other areas, combo of stuff etc.)

Credit to FSU to be proactive
Credit to Mike for playing ball and not standing firm

I guess I misinterpreted when you said in the ACC thread that money is no option and FSU has the conference buyout (rumored anywhere from 100-500 M) secured, to mean they are flush with cash. Gundy did his deal and I said in the other thread. That it was an off balance sheet move. This may be the same but the optics are much worse.
How's it showing weakness? Serious question if Miami or UF demanded this of their coach would you be on here mocking them? I know my brother who went to UM is surely laughing at this situation. Programs will us this a s a negative recruiting opportunity. Blue chip programs or companies are not asking their coaches or c-suite executives to take pay cuts. It's not a positive.

 

[jaydogsmooth1]

I guess I misinterpreted when you said in the ACC thread that money is no option and FSU has the conference buyout (rumored anywhere from 100-500 M) secured, to mean they are flush with cash. Gundy did his deal and I said in the other thread. That it was an off balance sheet move. This may be the same but the optics are much worse.
How's it showing weakness? Serious question if Miami or UF demanded this of their coach would you be on here mocking them? I know my brother who went to UM is surely laughing at this situation. Programs will us this a s a negative recruiting opportunity. Blue chip programs or companies are not asking their coaches or c-suite executives to take pay cuts. It's not a positive.

I said if the buyout itself was the only obstacle to getting out (rumored to be ~120 million), they'd be out tomorrow
Between the buyout and GOR though, we're looking at 572 million, which they don't have or are willing to pay

UF took $ from buyout and put it towards NIL - I think it's a solid move, assuming they genuinely believe in Napier
Or, even if they don't, they figure what the hell, lets try it and if it fails, we'll buy him out anyway

Re. Miami, they're cool w/being in the ACC for some reason
My Canes buddy says it's b/c they have money coming in from the med school - I have no idea if that's valid, or where he's getting that from

Also, nothing to laugh at if you're UM
You played in a terrible conference (one which you've never won in 2 decades, nor even played in the conference championship game), with your best team in 20 years and the best QB money could buy, and still couldn't get to the title game, let alone win it

Re. negative recruiting, there's plenty to negative recruit
2-10, playing in the ACC, new coaching staff to name a few

2-10 won't be happening again, playing in the acc W/the expanded playoffs isn't a big deal, and the new staff can't be any worse then the guys they fired

Also, kids don't care where the $$ is coming from
All that matters is if the check cashes
Hell, it could be coming from the drones in NJ, and it wouldn't make a difference as long as they get paid

 

[kupuna133]

I said if the buyout itself was the only obstacle to getting out (rumored to be ~120 million), they'd be out tomorrow
Between the buyout and GOR though, we're looking at 572 million, which they don't have or are willing to pay

UF took $ from buyout and put it towards NIL - I think it's a solid move, assuming they genuinely believe in Napier
Or, even if they don't, they figure what the hell, lets try it and if it fails, we'll buy him out anyway

Re. Miami, they're cool w/being in the ACC for some reason
My Canes buddy says it's b/c they have money coming in from the med school - I have no idea if that's valid, or where he's getting that from

Also, nothing to laugh at if you're UM
You played in a terrible conference (one which you've never won in 2 decades, nor even played in the conference championship game), with your best team in 20 years and the best QB money could buy, and still couldn't get to the title game, let alone win it

Re. negative recruiting, there's plenty to negative recruit
2-10, playing in the ACC, new coaching staff to name a few

2-10 won't be happening again, playing in the acc W/the expanded playoffs isn't a big deal, and the new staff can't be any worse then the guys they fired

Also, kids don't care where the $$ is coming from
All that matters is if the check cashes
Hell, it could be coming from the drones in NJ, and it wouldn't make a difference as long as they get paid

I agree, kids don't care where the money is coming from. That was never my point an dI think you may be glancing over the issue. All I am saying is I wouldn't be painting this as a positive. The last year was an absolute abomination for FSU. They were lucky to 2-10. If they don't reverse this thing this year and go 10-2/ 11-1 they run the risk of making this a multi year turnaround.

 

[WhiteBus]

Just what this country needs...a less-educated public.
The future's so bright I gotta wear shades.

More crappy education doesn't make people smarter.

 

[jaydogsmooth1]

I agree, kids don't care where the money is coming from. That was never my point an dI think you may be glancing over the issue. All I am saying is I wouldn't be painting this as a positive. The last year was an absolute abomination for FSU. They were lucky to 2-10. If they don't reverse this thing this year and go 10-2/ 11-1 they run the risk of making this a multi year turnaround.

Nothing is positive about 2-10
That was unacceptable and disgraceful on every conceivable level and cannot, nor will not, be repeated again anytime soon

Nobody is expecting an 8-game turnaround
The ACC is terrible, but winning 10 games coming off a 2-win season is unheard of (as it winning 2 games coming off a 13-win season)

Most rational Noles expect 6 wins and a bowl game at a minimum
Obviously, the rivalry games + Bama will be problematic, and playing in that cesspool in Raleigh is never fun

But a Pinstripe Bowl, though never the goal, wouldn't be the worst thing if we indeed continue to suck, but actually play with passion and desire as opposed to mediocre, uninspired football like we saw this year

 

[GoodOl'Rutgers]

Nothing is positive about 2-10
That was unacceptable and disgraceful on every conceivable level and cannot, nor will not, be repeated again anytime soon

Nobody is expecting an 8-game turnaround
The ACC is terrible, but winning 10 games coming off a 2-win season is unheard of (as it winning 2 games coming off a 13-win season)

Most rational Noles expect 6 wins and a bowl game at a minimum
Obviously, the rivalry games + Bama will be problematic, and playing in that cesspool in Raleigh is never fun

But a Pinstripe Bowl, though never the goal, wouldn't be the worst thing if we indeed continue to suck, but actually play with passion and desire as opposed to mediocre, uninspired football like we saw this year

Indiana was 3-9 last season.
Az State was 4-8..

 

[jaydogsmooth1]

Indiana was 3-9 last season.

Indeed they were
And, thanks to NIL, nothing is impossible

It's just hard for me to believe FSU can have an 8-game turnaround based on what I saw this year
There was some truly awful football, on every conceivable level, played this year

We lived it here in the 90's / early 2000's with Shea and the early years of GS
But what I saw in Tallahassee this year might have been worse than anything I've ever seen on The Banks

 

[vkj91]

Just what this country needs...a less-educated public.
The future's so bright I gotta wear shades.

Yes, we need more highly educated people who need the government to pay off their debts because their major was worthless.

 

[kupuna133]

Nothing is positive about 2-10
That was unacceptable and disgraceful on every conceivable level and cannot, nor will not, be repeated again anytime soon

Nobody is expecting an 8-game turnaround
The ACC is terrible, but winning 10 games coming off a 2-win season is unheard of (as it winning 2 games coming off a 13-win season)

Most rational Noles expect 6 wins and a bowl game at a minimum
Obviously, the rivalry games + Bama will be problematic, and playing in that cesspool in Raleigh is never fun

But a Pinstripe Bowl, though never the goal, wouldn't be the worst thing if we indeed continue to suck, but actually play with passion and desire as opposed to mediocre, uninspired football like we saw this year

If no one is expecting an 8 game turnaround than things are worse off in Tallahassee than originally thought. And you lost me with rational Noles fan. I have yet to meet one hahahahha. The schedule you played this past year should have resulted in nothing less than 6 wins. That is why I say this contract renegotiation is nothing more than kicking the issue down the road. If he turns in anything less than 8 wins next year, Norvell is gone.

 

[jaydogsmooth1]

If no one is expecting an 8 game turnaround than things are worse off in Tallahassee than originally thought. And you lost me with rational Noles fan. I have yet to meet one hahahahha. The schedule you played this past year should have resulted in nothing less than 6 wins. That is why I say this contract renegotiation is nothing more than kicking the issue down the road. If he turns in anything less than 8 wins next year, Norvell is gone.

Honest question, did you watch FSU this year?
They were awful - downright terrible in damn near every aspect

The schedule should have resulted in nothing less than 8 wins
But, for reasons we're all still trying to figure out, nothing worked
In fact, everything didn't work, sans Fitz

He's gone if the team doesn't show marked improvement
Hopefully, that translates into wins
But to expect a 6 or 8 game turnaround is quite a big ask

Like I said, most rational Noles will take 6-6, no blowouts, split with Miami and UF, play competively w/Bama, and win the bowl game w/recruiting taking off and a legit change for playoffs in 2026

They don't want to fire Mike
We like him, believe in him (although some are wavering) and don't want to pay 64 million
Hence, the 2 years to fix it so he can prove he's the guy, and the buyout gets signifgantly less at that time

We won't hesitate to make a move if it needs to happen
But the preference is to let this play out, Mike to step up, and get back rolling ASAP

 

[satnom]

I can see more non-SEC/BIG schools doing this in order to keep up because their conferences produce less media revenue and can’t rely fully on alums and/or collectives to fill the gap.

Easier to rely on contracted revenue versus soliciting donations.

GO RU

 

[TRU2RU]

napkin math..

Rutgers.. 870 athletes.. 417 mean 453 women.. hmm.. TitleIX+ ?

Almost $23K per year per athlete if you use the entire $20M

It is suppose to be revenue sharing, so the women’s teams should get what they bring in as far as revenue, which equals about $20 per year the other $20 MILLION gets split between Men’s basketball & football