Coaching Carousel 5 - You have to look through the rain to see the rainbow

LibertyTurns

LibertyTurns

Banned
Messages
6,216
dtm1997 said:
Even if they do that, I think the difference is that Wake has boosters more likely to stay true to their word and pay for the buyout, unlike the Gailey & Hewitt buyouts.

As a reminder, pre-COVID19, compared to GT's $125MM AI2020 Campaign, Wake's capital campaign for athletics was $300MM with 6 people ponying up $225MM of it. That factoid is straight from Todd Stansbury's mouth.
Click to expand...
Wow. Guess it will go away in 1 installment!
 
dtm1997

dtm1997

Helluva Engineer
Featured Member
Messages
15,704
LibertyTurns said:
Wow. Guess it will go away in 1 installment!
Click to expand...
I think your concept of payments is very plausible. Why wouldn't you want to stretch it out?

I think the difference between our situation and theirs is that they won't necessarily have the albatrosses we did. This buyout will be funded, as opposed to being part of their operating budget.
 
LibertyTurns

LibertyTurns

Banned
Messages
6,216
dtm1997 said:
I think your concept of payments is very plausible. Why wouldn't you want to stretch it out?

I think the difference between our situation and theirs is that they won't necessarily have the albatrosses we did. This buyout will be funded, as opposed to being part of their operating budget.
Click to expand...
Could be they stretch it out because it’s likely the $225M is in phases. To your point they’re apparently not up to their ears in debt like we are so theoretically they can make a better hire.
 
Peacone36

Peacone36

Helluva Engineer
Messages
10,485
Location
Maine
This is a brilliantly calculated move. They got a booster to step up due to the simple fact that they are told Wes Miller will say yes. No other P6 jobs are open, they are competing against no one other than UNC-G. Wake Forest has family connections and apparently monetary capabilities to make this move. It’s brilliant
 
dtm1997

dtm1997

Helluva Engineer
Featured Member
Messages
15,704
LibertyTurns said:
Could be they stretch it out because it’s likely the $225M is in phases. To your point they’re apparently not up to their ears in debt like we are so theoretically they can make a better hire.
Click to expand...

Possibly. Also, the $225MM is for athletics in general, including facilities, but it just goes to show what can happen when the right alumni say "We're going to compete and provide real resources".
 
forensicbuzz

forensicbuzz

21st Century Throwback Dad
Messages
8,816
Location
North Shore, Chicago
Peacone36 said:
I apologize, I can’t find the original post where I made this statement, I don’t know what you’re referring too
Click to expand...
It doesn't matter. It was a twitter poll about Pastner being successful at GT. Someone else pointed the same thing out in an earlier post.

I wasn't agreeing or disagreeing with your post, just commenting that it didn't necessarily seem unbiased.

Edit: I think the original post was moved to a different thread. Not sure why my reply didn't move too.
 
Peacone36

Peacone36

Helluva Engineer
Messages
10,485
Location
Maine
forensicbuzz said:
It doesn't matter. It was a twitter poll about Pastner being successful at GT. Someone else pointed the same thing out in an earlier post.

I wasn't agreeing or disagreeing with your post, just commenting that it didn't necessarily seem unbiased.

what were we taking about?
Edit: I think the original post was moved to a different thread. Not sure why my reply didn't move too.
Click to expand...

what were we talking about
 

YlJacket

Helluva Engineer
Messages
3,257
I am floored and impressed that WF made this move.
Wes Miller would be a good hire - new enthusiasm and wouldn't break the bank to start.
 
Top