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Coaches on the Hot Seat
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<blockquote data-quote="RamblinRed" data-source="post: 134663" data-attributes="member: 1776"><p>DTM has that correct.</p><p>At the time of the Gregory hire, we had $875K yr being paid to Gailey, we had $1.4M yr being paid to Hewitt and we were paying alot of debt on new facilities. This was also pre-new ACC TV Contract (and its 2 re-dos after expansion and ND).</p><p>Gailey is paid off. Hewitt's contract was renegotiated so that we pay $650K a year out to either 2018 or 2019. </p><p>if Gregory was let go after this season GT would owe him $650K. If we wait one more year it would be $250K. I doubt $400k in the grand scheme is likely to make a mateiral difference.</p><p></p><p>You are asking the right question and I suspect we should have a better sense of that after the season. But even if you look just at the BB only expenses. We had Gregory at $1.0M plus Hewitt at $1.4. So we were paying $2.4M a yr for a head coach. After renegotiating we are now paying Gregory $1.1M and Hewitt $650K - so $1.75M for HC. </p><p></p><p>if GT decides to go looking I am assuming GT can pay around $2M for the right candidate. Not all the candidates that I expect GT to look at would command that - frankly alot of the smaller school coaches that have been talked about on this thread would likely be in more of the $1-$1.5M range.</p></blockquote><p></p>
[QUOTE="RamblinRed, post: 134663, member: 1776"] DTM has that correct. At the time of the Gregory hire, we had $875K yr being paid to Gailey, we had $1.4M yr being paid to Hewitt and we were paying alot of debt on new facilities. This was also pre-new ACC TV Contract (and its 2 re-dos after expansion and ND). Gailey is paid off. Hewitt's contract was renegotiated so that we pay $650K a year out to either 2018 or 2019. if Gregory was let go after this season GT would owe him $650K. If we wait one more year it would be $250K. I doubt $400k in the grand scheme is likely to make a mateiral difference. You are asking the right question and I suspect we should have a better sense of that after the season. But even if you look just at the BB only expenses. We had Gregory at $1.0M plus Hewitt at $1.4. So we were paying $2.4M a yr for a head coach. After renegotiating we are now paying Gregory $1.1M and Hewitt $650K - so $1.75M for HC. if GT decides to go looking I am assuming GT can pay around $2M for the right candidate. Not all the candidates that I expect GT to look at would command that - frankly alot of the smaller school coaches that have been talked about on this thread would likely be in more of the $1-$1.5M range. [/QUOTE]
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