Contract details for Georgia Tech's Geoff Collins & coaching staff

[AlabamaBuzz]

Now
Lowest staff budget, highest academic standards, smallest course offerings, mandatory calculus, and small crowds and highest debt - 220,000,000. Didnt cause winning at a rate for OPTIMISM


Currently running an even bigger deficit hoping for an up tic.

Time to pony up is coming.

Yes, and we have a smaller alumni/fan network to draw upon, especially when you look at the % of alums who actually care about football. Being a STEM school brings a LOT of obstacles that make competing difficult. As PJ always said, "it is what it is."

 

[smokey_wasp]

The overall salary pool was increased. CGC was given the choice on how to split it up. Apparently he is paying some of the support staff quite well also.

Yeah I am sure Suddes is getting paid well, and he isn't included in the list. Plus, we created new positions for certain guys, like Morpheus.

 

[iceeater1969]

Yes, and we have a smaller alumni/fan network to draw upon, especially when you look at the % of alums who actually care about football. Being a STEM school brings a LOT of obstacles that make competing difficult. As PJ always said, "it is what it is."

Do u think we told these reasons to the firm who holds the note on our debt and said loan us 220,000,000 & added "it is what it is" ? Wonder what is held as collateral??? DO WE HAVE A ZERO LOAN THAT ALLOWS INTEREST ONLY PAYMENT TILL A BALLOON PAYMENT IS REQUIRED (a common method of financing in oil field when cash flow is bad but not expected to remain " as it is")
Bank thinks MORE MONEY COMING TO THEM SOON.


Coach was an offensive genius but not good at leading overall program by demanding support. The defense and financial side were not his interests. If the last 3 years record were his first 3 years record, the ad , the prez, and he would have demanded major increase in support. Going to the orange bowl 2 times gave us a false sense of security in our finances.

Will we rise to near elite and 100 % pay our way out of debt on the future profits?

I hope it is a combination of winning and giving but imo we will see changes we are not going to like.

We need some New gt multimillionaires "is what it is "!

 

[Augusta_Jacket]

Yeah I am sure Suddes is getting paid well, and he isn't included in the list. Plus, we created new positions for certain guys, like Morpheus.

I am perfectly fine with doling out good salaries to positions that have been sorely needed for a long time. Wish we had more money for more staff though.

 

[Augusta_Jacket]

Do u think we told these reasons to the firm who holds the note on our debt and said loan us 220,000,000 & added "it is what it is" ? Wonder what is held as collateral??? DO WE HAVE A ZERO LOAN THAT ALLOWS INTEREST ONLY PAYMENT TILL A BALLOON PAYMENT IS REQUIRED (a common method of financing in oil field when cash flow is bad but not expected to remain " as it is")
Bank thinks MORE MONEY COMING TO THEM SOON.


Coach was an offensive genius but not good at leading overall program by demanding support. The defense and financial side were not his interests. If the last 3 years record were his first 3 years record, the ad , the prez, and he would have demanded major increase in support. Going to the orange bowl 2 times gave us a false sense of security in our finances.

Will we rise to near elite and 100 % pay our way out of debt on the future profits?

I hope it is a combination of winning and giving but imo we will see changes we are not going to like.

We need some New gt multimillionaires "is what it is "!

I don't know why we are suddenly saying we had a false sense of security about our finances. I've been harping for years that our spending and debt is killing us.

Also, the HC shouldn't be concerned with finances. That's the AD/GTAA job to handle. The HC should be concentrating on football. Now, when you have a personality like CGC as HC, the AD can tie donations to the "rebranding" effort, but TStan shouldn't be working any harder for donations now than he was two years ago.

 

[TheSilasSonRising]

Is it relevant that as of 2017 via knight commission data base our debt payment (12mm) is more than our donations (11mm)?
Come on acc network money.

All the other conference teams will get that network money as well.

We need to give more, as well as the school itself.

 

[RonJohn]

All the other conference teams will get that network money as well.

We need to give more, as well as the school itself.

The school can't give more because of regulations. The fans should give more, buy more tickets, show up in force, and complain less.

 

[Oldgoldandwhite]

What is RCG? I thought Key was Assistant Head Coach?

 

[AlaGTech]

We also have to consider what some our assistants were making at their previous jobs.

Iirc, several of them were making less than 100k.

Looking at it that way, they got huge bumps to come here.

Hopefully that will buy us a couple of years with them till the finances improve.

 

[smokey_wasp]

What is RCG? I thought Key was Assistant Head Coach?

He is assistant head coach/O-line coach/Run Game coordinator.

 

[Technut1990]

The rest of P5 - like literally everybody - pays more than we do. We’re literally almost dead last.

Thus the "re branding" if it works = more interest=more money=higher pay. It is sad however that a place that generates so much money locally and so much personal wealth cant generate a top 15 pay scale.

 

[Technut1990]

Roof and CPJ may have made more money but what was the total outlay on the entire coaching staff ? Did the assistants make less under CPJ, aside from Roof ? That would explain the ability to pay more to the others now

 

[Deleted member 2897]

Thus the "re branding" if it works = more interest=more money=higher pay. It is sad however that a place that generates so much money locally and so much personal wealth cant generate a top 15 pay scale.

IIRC, I read somewhere one time that 8% of GT grads give back to athletics and 35% give back to the school part of the school. Given how good our reputation in academics is and all the advantages there, I really wish more people would think about putting their money where we have significant opportunity for improvement. Honestly there's no reason to give 4.5x the money to the part that doesn't need it over the part that does.

 

[Technut1990]

Can someone explain the debt talk when we have one of the largest endowments in higher education ?

I have a feeling that a good accountant would reconcile that endowment in such a way as to get what ever they needed to any department in the school they wanted to, be it The AD or The Sciences. I mean whats the reason we cant dedicate 100 million to the coaching staff if we wanted to ?

 

[RonJohn]

Can someone explain the debt talk when we have one of the largest endowments in higher education ?

I have a feeling that a good accountant would reconcile that endowment in such a way as to get what ever they needed to any department in the school they wanted to, be it The AD or The Sciences. I mean whats the reason we cant dedicate 100 million to the coaching staff if we wanted to ?

The school can only provide 10% of the revenue of the athletic department by GA regulations.(School funds, academic endowments, student fees, even facilities use/maintenance/grounds workers, etc.) In 2017, those provided about $7.8 million out of a regulation maximum of $8.1 million. It wouldn't matter if the endowment of the GT Foundation was as large as that of Harvard, they can't provide more money to the athletic department.

 

[BuzzStone]

I have done my part to help with season tickets and donations. I would like to see nice raises this year if we get what we expect as a fanbase. I don't see anything to high.

 

[AlabamaBuzz]

Do u think we told these reasons to the firm who holds the note on our debt and said loan us 220,000,000 & added "it is what it is" ? Wonder what is held as collateral??? DO WE HAVE A ZERO LOAN THAT ALLOWS INTEREST ONLY PAYMENT TILL A BALLOON PAYMENT IS REQUIRED (a common method of financing in oil field when cash flow is bad but not expected to remain " as it is")
Bank thinks MORE MONEY COMING TO THEM SOON.


Coach was an offensive genius but not good at leading overall program by demanding support. The defense and financial side were not his interests. If the last 3 years record were his first 3 years record, the ad , the prez, and he would have demanded major increase in support. Going to the orange bowl 2 times gave us a false sense of security in our finances.

Will we rise to near elite and 100 % pay our way out of debt on the future profits?

I hope it is a combination of winning and giving but imo we will see changes we are not going to like.

We need some New gt multimillionaires WHO CARE ABOUT DIV 1 FOOTBALL "is what it is "!

Agreed, and I added something above. I hope and pray that this new "culture" and "method" will quickly bring us new fans with new support and $$.

 

[Cam]

Here's a comparison to the previous staff, with Candeto acting as our "OC":
HC ($0): Geoff Collins ($3.0M) vs. Paul Johnson ($3.0M)
DC (-$125k): Andrew Thacker ($450k) vs. Nate Woody ($575k)
OC (+$200k): Dave Patenaude ($400k) vs. Craig Candeto ($200k)
OL (+$308k): Brent Key ($600k) vs. Mike Sewak ($292k)
S (+$135k): Nathan Burton ($325k) vs. Shiel Wood ($190k)
TE (+$35k): Chris Wiesehan ($300k) vs. Ron West ($265k)
WR (-$49k): Kerry Dixon ($235K) vs. Buzz Preston ($284k)
DE/OLB (-$66k): Marco Coleman ($230k) vs. Andy McCollum ($296k)
CB (-$27k): Jeff Popovich ($230k) vs. Joe Speed ($257k)
RB (-$38k): Tashard Choice ($225k) vs. Lamar Owens ($263k)
DL (+$20k): Larry Knight ($210k) vs. Jerome Riase ($190k)

 

[stech81]

Here's a comparison to the previous staff, with Candeto acting as our "OC":
HC ($0): Geoff Collins ($3.0M) vs. Paul Johnson ($3.0M)
DC (-$125k): Andrew Thacker ($450k) vs. Nate Woody ($575k)
OC (+$200k): Dave Patenaude ($400k) vs. Craig Candeto ($200k)
OL (+$308k): Brent Key ($600k) vs. Mike Sewak ($292k)
S (+$135k): Nathan Burton ($325k) vs. Shiel Wood ($190k)
TE (+$35k): Chris Wiesehan ($300k) vs. Ron West ($265k)
WR (-$49k): Kerry Dixon ($235K) vs. Buzz Preston ($284k)
DE/OLB (-$66k): Marco Coleman ($230k) vs. Andy McCollum ($296k)
CB (-$27k): Jeff Popovich ($230k) vs. Joe Speed ($257k)
RB (-$38k): Tashard Choice ($225k) vs. Lamar Owens ($263k)
DL (+$20k): Larry Knight ($210k) vs. Jerome Riase ($190k)

We had an OC ?

 

[stech81]

I have done my part to help with season tickets and donations. I would like to see nice raises this year if we get what we expect as a fanbase. I don't see anything to high.

Me also and I graduated from Southern Tech and have had season tickets and give money for the last 38 years.