Rhoads' Contract

[CurvedAir]

This thing is looking worse by the week. I'm assuming Pollard is losing sleep over this albatross.

A few details:

- ~$500k/year raise beginning in 2012. That's $1.5+ million additional pay for a combined record since the raise of 9-17 (5-13).

- For his 9 wins since the raise, he's been paid roughly $400k/win. He made more per win last season than Nick Saban at Alabama.

- Currently in year three of the ten year/$20 million contract extension.

- University owes Rhoads $750,000/year for termination without cause (record, etc.). That's $5.25 million if he's fired after this season. Throw in termination pay for assistants and you're probably looking at something north of $7 million.

- If he's terminated with cause (major violations, criminal acts, etc.) he's due nothing beyond his final month of employment. Perhaps a case could be made that recruiting shortfalls and lack of second half coaching adjustments would fall under these categories.

- He's owed the first of two $300k retention payments next February if he's still the head coach.

- It appears likely he will miss out on the $25,000 incentive for National Coach of the Year honors.

 

[CycloneErik]

Good idea at the time. Not as good now.

 

[Cyclonesince78]

JFC..

 

[3TrueFans]

- It appears likely he will miss out on the $25,000 incentive for National Coach of the Year honors.

Poor guy, how's he going to feed his family?

 

[TensasCy]

Ain't it a criminal act to get pounded by an FCS school?

 

[Wesley]

The hits keep coming. He needs to hit them coming off the bus.

 

[ianoconnor]

Ouch.

 

[roundball]

Good idea at the time. Not as good now.

No.

 

[CyArob]

lol, $300k retention bonus. That's gloriously awful.

 

[letsCYber]

Ain't it a criminal act to get pounded by an FCS school?

If it's not, getting pounded by two has to be.

 

[clonedude]

Good idea at the time. Not as good now.

It was never a good idea. Where was he going to go? And if he did, big deal.

Anyway... we are stuck with the guy. I thought that before, but these numbers above only reinforce my opinion that there is nothing JP can do to Rhoads at this point except hang on and hope something changes.

JP put himself in this position, now he has to live with it. As do all of us.

Problem is, I think Rhoads is too stubborn to change anything either, as far as scheme goes. He loves himself a horizontal "cute" finesse offense.

 

[clonedude]

The hits keep coming. He needs to hit them coming off the bus.

We hit people coming off the bus, problem is, we don't do it on the football field.

 

[KnappShack]

It was never a good idea. Where was he going to go? And if he did, big deal.

Anyway... we are stuck with the guy. I thought that before, but these numbers above only reinforce my opinion that there is nothing JP can do to Rhoads at this point except hang on and hope something changes.

JP put himself in this position, now he has to live with it. As do all of us.

Problem is, I think Rhoads is too stubborn to change anything either, as far as scheme goes. He loves himself a horizontal "cute" finesse offense.

I seem to remember whispers about PR and the Wisconsin job? JP stepped up and locked in PR for the long term. Because he's a local boy here to save the program

 

[clonedude]

I seem to remember whispers about PR and the Wisconsin job? JP stepped up and locked in PR for the long term. Because he's a local boy here to save the program

Fine, but why 10 years? Give the guy 5 years. That wouldn't seem so bad right now, would it? I think he might already be gone if JP had only given him 5 years a few years ago.

 

[SyracuseCyclone]

750k a year buyout isn't really that bad. Shame its so long but that was probably what had to be done to keep the annual figure somewhat low.

You can probably fire him for 4 mil he would agree if threatened with being fired for cause if the season starts 0-3 or 0-4 he might win the court battles but it would seriously harm his ability to get another job not to mention it would make him a public villain in his own back yard.

I think the team hits 4-5 wins though and nothing happens which is maybe worst case scenario. Im pretty sure one of the next 3 games will be an upset and that could get Rhoads another 2 years.

And getting a good new coach will likely be dependent on what other jobs are available. If few are it will be easy to hire Montgomery but if say the UVA job opens up there is really no way to compete with them for a top coach.


Little more talent on the roster and it would be OK to stick with Rhoads longer but the move should be made sooner rather than later the Big 12 is a damned good conference and you need superior recruits and tactics.

 

[Doctor]

That's just awful.

We have one of the worst coaches in the country and no way to rid ourselves of him.

If everyone in Jack Trice gave $100, we could get it done by the second half of the KSU game.

CPR and Pollard better pray that we beat KSU. It wouldn't be a horrible idea to start writing another proud speech.

 

[CurvedAir]

I seem to remember whispers about PR and the Wisconsin job? JP stepped up and locked in PR for the long term. Because he's a local boy here to save the program

From what I remember, it was only rumors and speculation. Nothing was substantiated. The whispers were probably coming from Rhoads. No way Wisconsin hires a coach with a losing record with the success they've had.

 

[scyclonekid]

So smart these extensions are to average at best coaches and it happens everywhere.

 

[jbhtexas]

I don't understand all the angst over the buyout, particularly the part about ISU not being able to afford it. ISU's athletic budget is over $60,000,000/yr. $750k/yr is quite doable.

What is the average price per ticket for an ISU FB game? Multiply that times the number of seats and then multiply by the number of homes games, and see how much that is. If this season goes south, compare the potential lost revenue from ticket sales to the buyout cost. My guess will be that the potential for lost ticket sales per year will easily outweigh the buyout cost per year.

It may be more the case that ISU can't afford to not do it.

 

[clonedude]

I don't understand all the angst over the buyout, particularly the part about ISU not being able to afford it. ISU's athletic budget is over $60,000,000/yr. $750k/yr is quite doable.

What is the average price per ticket for an ISU FB game? Multiply that times the number of seats and then multiply by the number of homes games, and see how much that is. If this season goes south, compare the potential lost revenue from ticket sales to the buyout cost. My guess will be that the potential for lost ticket sales per year will easily outweigh the buyout cost per year.

It may be more the case that ISU can't afford to not do it.

That could be. Good analysis.

However, JP knows he has a brand new SEZ coming next season to sell to his restless fans. The first several home games next year at least will be sellouts no matter how poorly we do this year IMO.