The Search

ramblinwreck1378

Ramblin' Wreck
Messages
625
ball4life66 said:
It's done. 6 year $16.3 Million for Drew to Vandy.
Click to expand...
And Vandy probably over-drove our price by a good bit to get him. We were probably in the $2M -$2.3 range if I had to guess. Sounds about right, and should give you an idea of what our budget is moving forward.

All of this assuming the number posted above is correct.
 
Techster

Techster

Helluva Engineer
Messages
18,236
franklinjacket said:
I wonder how much of that 2.7 million a year he earned by flirting with us.
Click to expand...

If Vandy starts going to the NCAA tournament every year and they become an annual SEC favorite, it will be well worth it.

Coaches getting paid $2.5-3mill+ is the new norm if you want a good one.
 
GTRX7

GTRX7

Helluva Engineer
Messages
1,524
Location
Atlanta
franklinjacket said:
I wonder how much of that 2.7 million a year he earned by flirting with us.
Click to expand...

Drew was my top choice, but I am not sure I would have been comfortable with that sort of guaranteed money/tenure. I believe he was making something less than $500k at Valpo. Probably deserved something closer to $1.5M/5yr or $1.7/4yr contract. Seems he made himself a TON of money by leveraging the two offers.
 
orientalnc

orientalnc

Helluva Engineer
Retired Staff
Messages
9,916
Location
Oriental, NC
GTRX7 said:
Drew was my top choice, but I am not sure I would have been comfortable with that sort of guaranteed money/tenure. I believe he was making something less than $500k at Valpo. Probably deserved something closer to $1.5M/5yr or $1.7/4yr contract. Seems he made himself a TON of money by leveraging the two offers.
Click to expand...
Needless to say, his agent is worth whatever Drew paid him.
 

DaBiz

Georgia Tech Fan
Messages
75
Location
NYC
ramblinwreck1378 said:
And Vandy probably over-drove our price by a good bit to get him. We were probably in the $2M -$2.3 range if I had to guess. Sounds about right, and should give you an idea of what our budget is moving forward.

All of this assuming the number posted above is correct.
Click to expand...

2.4
 
GTRX7

GTRX7

Helluva Engineer
Messages
1,524
Location
Atlanta
Techster said:
If Vandy starts going to the NCAA tournament every year and they become an annual SEC favorite, it will be well worth it.

Coaches getting paid $2.5-3mill+ is the new norm if you want a good one.
Click to expand...

While that may be the new "norm" for established coaches, I think that way out paces the market for up and coming coaches. Here is a list of salaries for the coaches that made the Tourney this year. More than 40 of the 68 coaches made less than $2MM per year.
http://sports.usatoday.com/ncaa/salaries/mens-basketball/coach/
 
Techster

Techster

Helluva Engineer
Messages
18,236
GTRX7 said:
Drew was my top choice, but I am not sure I would have been comfortable with that sort of guaranteed money/tenure. I believe he was making something less than $500k at Valpo. Probably deserved something closer to $1.5M/5yr or $1.7/4yr contract. Seems he made himself a TON of money by leveraging the two offers.
Click to expand...

Drew was making just short of $290K at Valpo.

A coach is worth what someone is willing to pay him. Value is determined by the market. MBob should have made him sign a lot sooner while Vandy was still trying to get a big fish like Marshall. MBob let Vandy get involved and the rest is history. Drew and his agent did great job of maxing his value.
 
orientalnc

orientalnc

Helluva Engineer
Retired Staff
Messages
9,916
Location
Oriental, NC
WreckinGT said:
Im not sure 5 years at Valpo with no tournament wins warrants one of the top 15 salaries in the country. If that is really what it would have taken then we are probably better off.
Click to expand...
Depending on the method for calculating the value of perks, he is either the 2nd or 3rd highest paid coach in the SEC.
 
Techster

Techster

Helluva Engineer
Messages
18,236
GTRX7 said:
While that may be the new "norm" for established coaches, I think that way out paces the market for up and coming coaches. Here is a list of salaries for the coaches that made the Tourney this year. More than 40 of the 68 coaches made less than $2MM per year.
http://sports.usatoday.com/ncaa/salaries/mens-basketball/coach/
Click to expand...

You have to look at which coaches contracts were signed within the last few years, and which are in P5 conferences...which Drew just signed up for. Non-P5 jobs aren't going to get $2mill a year like P5 jobs will.

The "new norm" obviously would not apply to guys who are coaching on long term contracts signed 3+ years ago.
 
orientalnc

orientalnc

Helluva Engineer
Retired Staff
Messages
9,916
Location
Oriental, NC
I had a great offer to come to work for another company with a nice promotion and pay increase years ago. I was all set to move until the final interview with my potential new boss. That killed the deal. I wonder...
 
Techster

Techster

Helluva Engineer
Messages
18,236
DaBiz said:
Well since you keep saying info is wrong you probably shouldn't listen...but anyways

Mack was 2.8 and he balked
Click to expand...

I was actually referring to a certain someone that heads up a service correcting every national writer that Drew would be the guy...but hey...
 
kg01

kg01

Get-Bak! Coach
Featured Member
Messages
15,171
Location
Atlanta
Lets just go get Larranaga, Keatts or Rice and call it a day. I'm gun shy on Lonergan since he arguably has a comparable job now.

Tell the press, "meh, first guy lacked the chest to take on the GT job. Recruits, follow that limp noodle at your own risk!"

Now where do i cash my AD checks?
 

Gtmamn61

Georgia Tech Fan
Messages
78
DaBiz said:
Well since you keep saying info is wrong you probably shouldn't listen...but anyways

Mack was 2.8 and he balked
Click to expand...

I've lost track of who all was contacted. Did we offer Mack and Archie Miller? Was the money in the same ballpark?
 
Top