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Allentown Morning Call - BOB's buyout

  • I could have put this in the other BOB threads - but I didn't want it buried.

    The Morning Call is saying the buyout is for the extension as well:

    "When the NCAA sanctions were imposed, a rider went into effect extending the contract the length of those sanctions (four years). An athletic department official said that the buyout includes the extension.

    Leaving after this season would require someone to pay Penn State an eight-year penalty at $2.3 million per, at least. That's $18 million, provided everything remains static."

    I have no idea which is true, but even at 9.6 mil its hard to believe. 18 is impossible.

    Why does it matter if Penn State's O'Brien won't answer the question?

    Penn State coach Bill O'Brien says he's Penn State's head football coach

    www.mcall.com

    PSU17

  • PSU17 said...

    I could have put this in the other BOB threads - but I didn't want it buried.

    The Morning Call is saying the buyout is for the extension as well:

    "When the NCAA sanctions were imposed, a rider went into effect extending the contract the length of those sanctions (four years). An athletic department official said that the buyout includes the extension.

    Leaving after this season would require someone to pay Penn State an eight-year penalty at $2.3 million per, at least. That's $18 million, provided everything remains static."

    I have no idea which is true, but even at 9.6 mil its hard to believe. 18 is impossible.

    If this is true, this doesn't even include the salary which you assume would have be at least in the ballpark of $15 million over 5 years (that is only a moderate raise). I believe that OB has the potential to be a great HC, but who pays somewhere in the range of $32 million for a guy that has only 12 games under his belt.

    Lion_in_CBus ●

  • PSU17 said...

    I could have put this in the other BOB threads - but I didn't want it buried.

    The Morning Call is saying the buyout is for the extension as well:

    "When the NCAA sanctions were imposed, a rider went into effect extending the contract the length of those sanctions (four years). An athletic department official said that the buyout includes the extension.

    Leaving after this season would require someone to pay Penn State an eight-year penalty at $2.3 million per, at least. That's $18 million, provided everything remains static."

    I have no idea which is true, but even at 9.6 mil its hard to believe. 18 is impossible.

    Interesting. Would like to know if it's true one way or the other.

    You're right - $18m buyout is ridiculously expensive and would pretty much guarantee he's staying for the foreseeable future.

    signature image

    psubills62

  • PSU17 said...

    I could have put this in the other BOB threads - but I didn't want it buried.

    The Morning Call is saying the buyout is for the extension as well:

    "When the NCAA sanctions were imposed, a rider went into effect extending the contract the length of those sanctions (four years). An athletic department official said that the buyout includes the extension.

    Leaving after this season would require someone to pay Penn State an eight-year penalty at $2.3 million per, at least. That's $18 million, provided everything remains static."

    I have no idea which is true, but even at 9.6 mil its hard to believe. 18 is impossible.

    So the buyout starts out at $18 mill then goes down $2.3 every year after that? Am I right? If so, hard to see OB leaving for a few years. That's a big ole buyout.

    chasfcd11

  • Hopefully this is true. BOB has shown the potential to be a good one and has a great staff but most importantly the team needs stability for the foreseeable future.

    PSUJT0409

  • And...worse case scenario, if some organization does pay the buy out, PSU is in really good shape to go spend on another really good coach.

    pab203psu

  • pab203psu said...

    And...worse case scenario, if some organization does pay the buy out, PSU is in really good shape to go spend on another really good coach.

    Are you forgetting the $60M albatross hanging over the football program's head? The $18 would help ease some of that but it sure wouldn't put us into "really good shape".

    UncleLar

  • UncleLar said...

    Are you forgetting the $60M albatross hanging over the football program's head? The $18 would help ease some of that but it sure wouldn't put us into "really good shape".

    True, PSU might WANT $20 million to go towards fines and settlements, but I think the point is would a team like Auburn or Tenn really want to dish out $20 mil buy out plus $4-6 million a year in salary to a guy with 7 or 8 lifetime wins as a HC. Probably in the ballpark of $35-45 million invested into BOB if you buy him out of PSU. That is a TON of faith in the man. Dooley is out of UT after 3 years, and he had more colege HC resume than BOB right now. Can you imagine if they would have coughed up $20 mil for buyout of him?

    I would wager wven an NFL team would paused at $20 mil for a buyout. That is some real cashola!

    carlisle14

  • pab203psu said...

    And...worse case scenario, if some organization does pay the buy out, PSU is in really good shape to go spend on another really good coach.

    what coach is going to take that job though? If OB leaves, kiss most of the recruits good-bye from the 2013 class and multiple contributors from the current team. A new coach would be inheriting an desolate roster, a weak recruiting class, and 3+ years of continued sanctions. Whoever took the job would be lucky to go .500 in their first 5 years.

    I'm not a doom and gloomer, but if OB bails when current players can be recruited and transfer without penalty, PSU is screwed for a long time.

    spud358

  • PSU17 said...

    I could have put this in the other BOB threads - but I didn't want it buried.

    The Morning Call is saying the buyout is for the extension as well:

    "When the NCAA sanctions were imposed, a rider went into effect extending the contract the length of those sanctions (four years). An athletic department official said that the buyout includes the extension.

    Leaving after this season would require someone to pay Penn State an eight-year penalty at $2.3 million per, at least. That's $18 million, provided everything remains static."

    I have no idea which is true, but even at 9.6 mil its hard to believe. 18 is impossible.

    This is what I thought I remembered reading at the time of the extension. 9 mill is "doable" but 18 mill just to do the buyout is way too much in my opinion

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    I_Billieve

  • Lion_in_CBus said...

    If this is true, this doesn't even include the salary which you assume would have be at least in the ballpark of $15 million over 5 years (that is only a moderate raise). I believe that OB has the potential to be a great HC, but who pays somewhere in the range of $32 million for a guy that has only 12 games under his belt.

    ^^^This! Finally some sensible commentary on the OB gossip. He ain't going nowhere. Word! +1

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    Fantastik! Is really formula 409! WE ARE....

    psufankc63

  • Let's lay the numbers out on the table:

    Doing some simple math since I'm an engineer and these writers can't typically do math...
    Buyout amount based on 5% annual raise:
    2013 salary = 2.415 mil
    2014 salary = 2.536 mil
    2015 salary = 2.663 mil
    2016 salary = 2.796 mil
    2017 salary = 2.935 mil
    2018 salary = 3.082 mil
    2019 salary = 3.236 mil
    Total = 19.663 mil

    So the buyout this year is almost $20 million. Who's going to pay almost $20 million and then pay him a salary that is substantially higher than what he was going to make? Some school/NFL team would logically have to pony up close to $50 million when it is all said and done. Plus, potentially pay off the guy they just canned.

    This post has been edited 3 times, most recently by lion95 on 11/19/2012 at 1:13 PM

    lion95

  • spud358 said...

    what coach is going to take that job though?

    Penn State guys?
    Tom Bradley
    Mike Munchak if he gets fired.
    Al Golden
    LJ Sr. or Vandy
    Or, they could look at a young coordinator or small school trying to prove himself. (Like BOB was.) I agree we'd lose this class.

    But, BOB isn't going anywhere. peace

    BlkShoeCole

  • I think it would have to be a PSU guy, who else would take it? Would OB have taken it if he knew about the sanctions? I doubt it. He took the gig before all that happened and when the roster had enough talent to win at least 8 games. That's not the case now. Now you need a coach that is willing to coach with both arms tied behind his back in recruiting, a current roster that is depleted, and open season on his current players until the fall. No "good coach" that has other options going to take that on unless it's a PSU guy.

    Forget Bradley, he's too connected with Sandusky. I honestly think PSU would have to promote Vandy to HC and LJ to DC or beg Golden.

    I also agree that OB isn't going anywhere though.

    spud358

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    fanman1 ●

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    Fantastik! Is really formula 409! WE ARE....

    psufankc63

  • spud358 said...

    what coach is going to take that job though? If OB leaves, kiss most of the recruits good-bye from the 2013 class and multiple contributors from the current team. A new coach would be inheriting an desolate roster, a weak recruiting class, and 3+ years of continued sanctions. Whoever took the job would be lucky to go .500 in their first 5 years.

    I'm not a doom and gloomer, but if OB bails when current players can be recruited and transfer without penalty, PSU is screwed for a long time.

    Agree, that would big time suck! I tend to agree that his character says he stays.

    locopsu

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