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Coaching Carousel 4 - Hard work pays off in the future, laziness pays off now
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<blockquote data-quote="BeeRBee" data-source="post: 555694" data-attributes="member: 1466"><p>To me, your post seems to conflate two types of buyouts, which are separate but perhaps related.</p><p></p><p>The first (“The main idea behind these contract terms...”) seems to refer to buyouts where the coach has to pay the school if he leaves before the end of the contract. I tend to agree that the fear of not being able to replace a coach is overblown. On the other hand, replacing a coach is dispruptive to a program, and I can see a school thinking that if they are committing to a coach they would like some demonstration of financial commitment on the other side. I think of a school like Temple in football, who appears to be doing a great job of identifying coaching talent, and as a result is replacing their coach every two years. Even if you’re getting good coaches, it’s hard to build a sustainable program that way.</p><p></p><p>The second type of buyout is the one that has hamstrung GT, where the school makes a commitment to the coach. I guess my answer to why this exists is that enough schools are willing to offer it that any school attempting to buck the trend would face a greatly diminished pool of candidates for any coaching hire. That’s basic supply and demand. It’s pretty clear why a coach would want such a buyout clause - it’s a volatile profession, the AD or President could change at any time, you want the school to stick by you while you implement your system/recruiting/etc., you don’t want to have to uproot your family because you had one bad year etc. Schools can’t get together and agree not to offer buyouts, because that would be illegal collusion. It would be interesting to see the history of contract terms and how they evolved. IIRC, Pepper Rogers sued GT over whether or not his indirect compensation (radio show etc.) had to be paid to him when he was fired, which I’m sure led to more specific guarantees in contracts.</p><p></p><p>You could certainly argue that schools are bad negotiators, and tend to think that a given coach is more important than he really is, but at this point the genie’s out of the bottle and I don’t think any one school could shift the tide. Schools want to make a splash, win the press conference, giving attractive coaching candidates leverage in negotiating contracts. I do think that non-profit athletic organizations driven by fan/booster reactions and attached to educational institutions are perhaps not best positioned for rational economic decisions.</p><p></p><p>Also, there’s too much money in the system and compensation to the athletes is capped.</p></blockquote><p></p>
[QUOTE="BeeRBee, post: 555694, member: 1466"] To me, your post seems to conflate two types of buyouts, which are separate but perhaps related. The first (“The main idea behind these contract terms...”) seems to refer to buyouts where the coach has to pay the school if he leaves before the end of the contract. I tend to agree that the fear of not being able to replace a coach is overblown. On the other hand, replacing a coach is dispruptive to a program, and I can see a school thinking that if they are committing to a coach they would like some demonstration of financial commitment on the other side. I think of a school like Temple in football, who appears to be doing a great job of identifying coaching talent, and as a result is replacing their coach every two years. Even if you’re getting good coaches, it’s hard to build a sustainable program that way. The second type of buyout is the one that has hamstrung GT, where the school makes a commitment to the coach. I guess my answer to why this exists is that enough schools are willing to offer it that any school attempting to buck the trend would face a greatly diminished pool of candidates for any coaching hire. That’s basic supply and demand. It’s pretty clear why a coach would want such a buyout clause - it’s a volatile profession, the AD or President could change at any time, you want the school to stick by you while you implement your system/recruiting/etc., you don’t want to have to uproot your family because you had one bad year etc. Schools can’t get together and agree not to offer buyouts, because that would be illegal collusion. It would be interesting to see the history of contract terms and how they evolved. IIRC, Pepper Rogers sued GT over whether or not his indirect compensation (radio show etc.) had to be paid to him when he was fired, which I’m sure led to more specific guarantees in contracts. You could certainly argue that schools are bad negotiators, and tend to think that a given coach is more important than he really is, but at this point the genie’s out of the bottle and I don’t think any one school could shift the tide. Schools want to make a splash, win the press conference, giving attractive coaching candidates leverage in negotiating contracts. I do think that non-profit athletic organizations driven by fan/booster reactions and attached to educational institutions are perhaps not best positioned for rational economic decisions. Also, there’s too much money in the system and compensation to the athletes is capped. [/QUOTE]
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