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Topic Title: Texas A&M fires Jimbo Fisher: Sixth-year coach owed more than $75 million in record college football buyout
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Created On: 11/12/2023 09:34 AM
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 11/12/2023 09:34 AM
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Central Floridave

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Texas A&M fires Jimbo Fisher: Sixth-year coach owed more than $75 million in record college football buyout
University regents reportedly met in an executive session ahead of Texas A&M's Week 11 game

https://www.cbssports.com/coll...llege-football-buyout/
 11/12/2023 10:22 AM
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garcia

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I'm pretty sure he will be okay. And, that somebody will pick him up. Cheaper this time ,though. Probably only $6M/year.
 11/13/2023 06:31 AM
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Central Floridave

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75 million...why work at all? Buy your own football team.
 11/13/2023 07:37 AM
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johnnyboy

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He's gonna be okay. With belt tightening, some solid financial planning and a bit of luck, he will make his way out of this rainstorm and join guys like Scott Frost, Willie Taggert, Charlie Weiss, Muschamp, and Malzahn. In the end, working for money is not easy, bargaining for it though, that is apparently where the magic happens.

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"One of the reasons why propaganda tries to get you to hate government is because it's the one existing institution in which people can participate to some extent and constrain tyrannical unaccountable power." Noam Chomsky.

 11/15/2023 12:46 PM
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RustyTruck

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How the hell does a football coach rate that kind of money from a public university. We've got a serious problem with priorities in this country.

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Nothing screams cuck like flying a flag with another man's name on it.
 11/15/2023 12:49 PM
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ww

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Very few private univerisities are in that economic league. Maybe USC and Notre Dame.
 11/15/2023 01:20 PM
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johnnyboy

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Who are these peoples' lawyers? These are the geniuses here.

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"One of the reasons why propaganda tries to get you to hate government is because it's the one existing institution in which people can participate to some extent and constrain tyrannical unaccountable power." Noam Chomsky.

 11/16/2023 01:08 PM
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LBLarry

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Originally posted by: RustyTruck

How the hell does a football coach rate that kind of money from a public university. We've got a serious problem with priorities in this country.


Tx A&M it 'self will not pay a single .01 of that 76mil ...... DEEP pocket boosters will fork up the $$$$$ to send Ol Jimbo packing.

And YES, The USofA has a very serious problem with priorities.

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"Most people would die sooner than think; in fact, they do." - Bertrand Russell


"Morality is doing what is right, regardless of what you are told. Religion is doing what you are told, regardless of what is right.


If I do not answer you .... nothing personal, I just have you on ignore.

Edited: 11/16/2023 at 01:09 PM by LBLarry
 11/16/2023 01:39 PM
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garcia

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It sounds like Texas A&M will pay a good portion of it (assuming the Athletic Dept is not a separate entity). From the Washington Post -

"In A&M's case, Athletic Director Ross Bjork told reporters "unrestricted contributions" to A&M's 12th Man Foundation (a fan-funded group separate from the school) would shoulder the initial payment to Fisher ($19.4 million by January) and the athletic department budget would make adjustments to cover the rest over the long haul."

Further, they will have to pay his assistants, too Also from the Post -

"In a hilarious understatement, Bjork described Fisher's tab as "monumental." But to the rest of the industry, it's a massive windfall: A&M not only has to pay out Fisher's deal but also the contracts of his assistants, who will almost certainly not be retained by the next coach."

https://www.washingtonpost.com/sports/2023/11/15/jimbo-fisher-buyout-insane/
 11/17/2023 06:00 AM
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Plan B

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Not a bad gig if you can get it...
 11/17/2023 06:47 AM
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LBLarry

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assuming the Athletic Dept is not a separate entity


The AD is being more than a little disingenuous.

They are for all practical purposes setup like a "foundation" and basically are a "separate entity" from the university/school it' self. As such, they DO NOT have to publicly disclose pretty much anything. Including how it is funded or how the funds are spent. TRUST ME ..... the athletic dept will receive "donations" to offset ALL of the $$$$ needed to send Ol Jimbo (and any and all assistants) on down the road.

-------------------------
"Most people would die sooner than think; in fact, they do." - Bertrand Russell


"Morality is doing what is right, regardless of what you are told. Religion is doing what you are told, regardless of what is right.


If I do not answer you .... nothing personal, I just have you on ignore.
 11/27/2023 06:04 AM
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Central Floridave

Posts: 52625
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Batter up:
Texas A&M and Duke's Mike Elko have reached an agreement to make him the school's next head coach, sources told ESPN on Sunday.
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