How often do Boosters by out a coaches contract?
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Thread: How often do Boosters by out a coaches contract?

  1. #1
    Banned Teddy kgb's Avatar
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    Default How often do Boosters by out a coaches contract?

    There was talk on the radio yesterday about UCLA buying out Steve Alford's contract at a tune of 10 million, one host said too much UCLA would never pay it and the other host kept suggesting that a Booster might do it....

    Couple questions.....

    How often does this happen?
    Does it get reported to the media?
    Do A.D's make some of these crazy contracts knowing they will get bailed out by a booster?
    How much money would YOU possibly have to have, and how angry would YOU have to be to buy out a coaches contract for 10 million?

  2. #2
    Bells Beer Connoisseur FairWarning's Avatar
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    Default Re: How often do Boosters by out a coaches contract?

    Good question, you hear it more and more about the alum buying out the contracts. Hard telling if it really happens. Tough to be a new coach knowing rich alumni can pay to remove you.

  3. #3

    Default Re: How often do Boosters by out a coaches contract?

    If only Shahid Khan cared at all about Illini basketball he'd give the AD a call and dangle a check in front of him to fire Groce.

    No telling on how often it happens, but you better believe that if a billionaire is on the phone dangling millions that the president and AD are going to listen if it's a 50/50 call.

  4. #4

    Default Re: How often do Boosters by out a coaches contract?

    Although owning the Jaguars, he's probably pretty used to pathetic failures.

  5. #5
    EOG Member 5teamparlay's Avatar
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    Default Re: How often do Boosters by out a coaches contract?

    http://www.news-sentinel.com/sports/...lford-millions



    Report claims Indiana offers Steve Alford millions

    Steve Alford

    More Information

    ONLINE: For more on sports, follow Pete DiPrimio via Twitter at www.twitter.com/pdiprimio



    Hoosiers hire renowned Atlanta-based search firm

    By Pete DiPrimio, pdiprimio@news-sentinel.com
    Sunday, March 19, 2017 10:06 PM
    BLOOMINGTON -- When it comes to a report that Indiana has offered to pay UCLA’s Steve Alford $4.5 million a year for seven years to become its next men’s basketball coach, take a deep breath.Take two breaths.It’s not true.
    Repeat.Maybe down the road IU offers Alford, the former IU All-America, that kind of money. But for now, it’s the kind of hot air that will swirl around the program until athletic director Fred Glass officially names his guy.Specifically, the Huffington Post’s Jordan Schultz tweeted that IU has offered Alford a seven-year deal worth $31 million. That was hours before the Bruins played Cincinnati in the NCAA Tournament.ESPN’s Jeff Goodman tweeted that IU has not offered Alford yet. Jeff Rabjohns of peegs.com also said the report was not true.Glass has hired a nationally renowned search firm, Parker Executive Search, to facility the task of finding the replacement for Tom Crean, who was fired on Thursday.Parker Executive Search aids many corporations and universities in job searches. The Atlanta-based firm helps set up interviews, conduct background checks and ensures discretion. The firm helped Missouri land former Cal coach Cuonzo Martin to be its new basketball coach – with a reported $80,000 price tag.The firm’s webset says it often wraps up searches in 10 to 14 days.IU used Parker once before. The result of that search -- the Hoosiers hired Kelvin Sampson.Two years later, NCAA violations under Sampson resulted in sanctions that took Crean three years to recover from.During last Thursday’s press conference, Glass said he would conduct a thorough, open and national search, and that it could take a significant amount of time because official discussions with candidates couldn’t begin until after the their seasons were over.Glass also said, “I’m not going to really spare any resource to get the advice and input from the people we need. Some of that costs money, like a search firm. Some of that doesn’t cost money, but it requires time."
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