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UConn Athletics
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ADB on Hurley Hiring
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[QUOTE="UConnJim, post: 2656955, member: 1559"] Here is the math on how the new men's basketball coach will be paid. Ollie's pay was higher than many have been talking about. Here is his pay per season: 2016/2017: $3.1 million (plus deferred compensation and perks) 2017/2018: $3.2 million 2018/2019: $3.3 million 2019/2020: $3.6 million 2020/2021: $3.7 million Let's compare it to Hurley's salary: 2018/2019: $2.75 million 2019/2020: $2.85 million 2020/2021: $2.95 million 2021/2022: $3.05 million 2022/2023: $3.15 million 2023/2024: $3.25 million So, over the next 3 years, UConn will be saving ~$2.05 million in head coaching salary. The next questions are how big is the buyout with Ollie and how long will you stagger the payments? First, I'm not going to render an opinion on the "termination for cause" in Ollie's contract, but the contract language is pretty loose, so I would think Ollie would settle. Also, the contract does say that the payment schedule is negotiable. Let's assume that Ollie and UConn reach an agreement to pay Ollie $5 million, which is about half of what he possibly could get. Then, let's assume that UConn will pay him over 5 years, or $1 million per year. Under my scenario, the cost of firing Ollie will add over the next 3 years (Difference in salary between Ollie and Hurley plus the cost of the buyout): 2018/2019: $450k 2019/2020: $250k 2020/2021: $250k These are not very large numbers and the cost should more than be made up with ticket sales, donations, and NCAA credits. If this is the scenario that Benedict is using, there was no need for "donors" to step up to fund firing Ollie. [/QUOTE]
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ADB on Hurley Hiring
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