Hey Matt B ... How the hell o are you ??? :)

2nd Light Forums
Decrease font size
Increase font size
Topic Title: Texas A&M fires Jimbo Fisher: Sixth-year coach owed more than $75 million in record college football buyout
Topic Summary:
Created On: 11/12/2023 09:34 AM
Linear : Threading : Single : Branch
Topic Tools Topic Tools
View topic in raw text format. Print this topic.
 11/12/2023 09:34 AM
User is offline View Users Profile Print this message


Central Floridave

Posts: 52198
Joined Forum: 07/22/2003

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
User is offline View Users Profile Print this message


garcia

Posts: 1457
Joined Forum: 03/12/2007

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
User is offline View Users Profile Print this message


Central Floridave

Posts: 52198
Joined Forum: 07/22/2003

75 million...why work at all? Buy your own football team.
 11/13/2023 07:37 AM
User is offline View Users Profile Print this message


johnnyboy

Posts: 24940
Joined Forum: 07/22/2003

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.

-------------------------

"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
User is offline View Users Profile Print this message


RustyTruck

Posts: 33100
Joined Forum: 08/02/2004

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.

-------------------------
Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 11/15/2023 12:49 PM
User is offline View Users Profile Print this message


ww

Posts: 16060
Joined Forum: 08/17/2007

Very few private univerisities are in that economic league. Maybe USC and Notre Dame.
 11/15/2023 01:20 PM
User is offline View Users Profile Print this message


johnnyboy

Posts: 24940
Joined Forum: 07/22/2003

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

-------------------------

"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
User is offline View Users Profile Print this message


LBLarry

Posts: 4708
Joined Forum: 05/25/2004

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.

-------------------------
"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
User is offline View Users Profile Print this message


garcia

Posts: 1457
Joined Forum: 03/12/2007

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
User is offline View Users Profile Print this message


Plan B

Posts: 3302
Joined Forum: 03/08/2004

Not a bad gig if you can get it...
 11/17/2023 06:47 AM
User is offline View Users Profile Print this message


LBLarry

Posts: 4708
Joined Forum: 05/25/2004

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
User is offline View Users Profile Print this message


Central Floridave

Posts: 52198
Joined Forum: 07/22/2003

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.
Statistics
146488 users are registered to the 2nd Light Forums forum.
There are currently 2 users logged in to the forum.

FuseTalk Basic Edition - © 1999-2024 FuseTalk Inc. All rights reserved.

First there was Air Jordan .