Decision To Fire Bob Diaco, Staff Cost UConn More Than $5.3 Million (M. Anthony)

[EdgewoodNHV]

The Editorial stipulates that the performance bonuses should be higher than termination fees. Well guess what, that's just not the world we live in. When you think you have a good coach, you have to pay them, and part of that means they get job protection, too.

It's cool that the Hartford Courant wants to live in a world where we don't have to deal with that, but that's not this world. It happens when you pay coaches. You take a risk. It's easy to say it was dumb when it was wrong.

 

[noeynox]

The Editorial stipulates that the performance bonuses should be higher than termination fees. Well guess what, that's just not the world we live in. When you think you have a good coach, you have to pay them, and part of that means they get job protection, too.

It's cool that the Hartford Courant wants to live in a world where we don't have to deal with that, but that's not this world. It happens when you pay coaches. You take a risk. It's easy to say it was dumb when it was wrong.

You have to adjust for your new economic reality. Without P5 level incomes, we can't make these mistakes. The hell with it, if a good coach wants to walk, our buyout isn't keeping him here. He may also flop st his next destination just as likely as he is to succeed. It happened to Edsall at Maryland.

You have to adjust the world you live in based on your available means. If a low buyout means a guy walks, let him. If a school in the P5 wants your coach bad enough that buyout isn't keeping him here no how.

 

[Excalibur]

This just summarizes the problem the state of CT has - look at the fringe benefits costs - $400k on $641k of salary severance.

That is nowhere near typical even for CT state employees. Fringe rate for state employees varies by department but is typically between 30 and 40%, and higher for some hazardous duty positions.

 

[Excalibur]

This x 1000.

Successful people don't worry about putting golden parachutes/hand shakes int to contracts because they know they will succeed.

That's why every CEO has this type of package in their agreement . . .

 

[Skiblets]

Warde fd this up big time. Narduzzi was the call.

 

[Chief00]

Chief gives it straight