Rhoads' Contract

[CyPride]

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.

i can guarantee you that current revenues and expenses pretty much equal out. buyouts are lost money.

just looked it up - ISU #50 on this list - revenues equal expenses as of 2013.

http://www.usatoday.com/sports/college/schools/finances/

 

[FiredUpCyclone]

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.

I believe it was the Pittsburgh opening that actually initiated the extension. I think that was a more legitimate opportunity for PR than was Wisconsin.

 

[jbhtexas]

i can guarantee you that current revenues and expenses pretty much equal out. buyouts are lost money.

Agreed, and some budget cuts would be necessary somehwere, but it can be done.

 

[CurvedAir]

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.

Not that easy. The athletic department is basically breaking even. It's also self-supportive and receives no funding from the university. It's like any other business trying to survive. They can't afford that expense without outside support. That's what would get this done.

http://www.usatoday.com/sports/college/schools/finances/

 

[Rather]

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.

No, absolutely wrong, but it would sure hamper ISU's ability to land anybody worth hiring. Who the f would want to coach for us if we tried to fire a guy and stiff him on the contract we signed?

 

[gocubs2118]

If people keep buying tickets and supporting the program, he's not going to go anywhere. I know people don't want to do that but it could be a necessary evil.

 

[CyFan61]

Not that easy. The athletic department is basically breaking even. It's also self-supportive and receives no funding from the university.

Not exactly - there is a mandatory Athletics Fee that all students are required to pay and that goes directly to the Athletics Department. But for the most part the AD is supported by donors, ticket sales, and Big 12 (TV) money.

 

[clonedude]

Just show a kid's movie at Jack Trice every weekend next summer. And have collection baskets all over the place to raise buyout money. Should get us close, right?

I'm half joking here. But not completely.

 

[awd4cy]

Reading that clause is depressing.

 

[FreeBorn]

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.

This is what I've been saying for the past two days. I'd think he'd work with Jamie on the buyout. At this point, Paul knows he's never gonna have success at ISU.

 

[KnappShack]

If people keep buying tickets and supporting the program, he's not going to go anywhere. I know people don't want to do that but it could be a necessary evil.

The Wrigley Field theory for JTS?

Come for the fun! (Ignore the product on the field)

 

[CurvedAir]

Not exactly - there is a mandatory Athletics Fee that all students are required to pay and that goes directly to the Athletics Department. But for the most part the AD is supported by donors, ticket sales, and Big 12 (TV) money.

Student fees account for a little more than 2% of the athletic department revenues. It's coming from the students... I really don't consider that originating from the university.

 

[Jacktronic]

This is what I've been saying for the past two days. I'd think he'd work with Jamie on the buyout. At this point, Paul knows he's never gonna have success at ISU.

Do you really? I think he would dig in and make it a messy divorce. And for the record, I'm not 100% for letting Paul go, but I am running out of reasons to keep him.

 

[jbhtexas]

Not that easy. The athletic department is basically breaking even. It's also self-supportive and receives no funding from the university. It's like any other business trying to survive. They can't afford that expense without outside support. That's what would get this done.

Do the math I suggested above. Which would cost the athletic department more: lost ticket sales, or a $750,000/yr buyout?

 

[FreeBorn]

Do you really? I think he would dig in and make it a messy divorce. And for the record, I'm not 100% for letting Paul go, but I am running out of reasons to keep him.

With all due respect to you, and I do mean that, how in the world can you believe it's not time for him to go?

This team was less talented than the d-1aa team that throttled them on Saturday. Paul just can't recruit the type of players it takes to compete in d-1a, let alone the big 12.

 

[CurvedAir]

Do the math I suggested above. Which would cost the athletic department more: lost ticket sales, or a $750,000/yr buyout?

There's no evidence ticket sales are going anywhere but up. That's what makes this fan-base and university so great. Remember, there is a large section of the fans who don't live and die with every loss like most of us do on this board. To your point, if there's a sharp decline in attendance, I'm sure they'll consider it.

 

[roundball]

There's no evidence ticket sales are going anywhere but up. That's what makes this fan-base and university so great. Remember, there is a large section of the fans who don't live and die with every loss like most of us do on this board. To your point, if there's a sharp decline in attendance, I'm sure they'll consider it.

Didn't we sell fewer season tickets than last year?

 

[Luth4Cy]

At the time I was very happy with the contract, now I feel like it's a bad idea. In saying that, Rhoads has a lot of season left to right the ship. It's very possible Pollard told CPR he has this season plus next almost regardless of what happened this year.

 

[CurvedAir]

Didn't we sell fewer season tickets than last year?

I thought it was the same for the general public but student ticket sales were higher. Don't quote me on that. I know it's awfully close either direction.

I was also told that the Reiman's are pretty big supporters of Rhoads. Not sure if that's true or not.

 

[CycloneErik]

I thought it was the same for the general public but student ticket sales were higher. Don't quote me on that. I know it's awfully close either direction.

We dropped 2500-3000.