Ollie, Auriemma and Diaco contracts

[Excalibur]

Warde, who is responsible for negotiating the contract, allowed himself to be named in the contract as a condition by which Ollie can avoid a $1MM or more buyout. Next time you bring in a customer at your job, write into their agreement that they can terminate their contract with your employer immediately and go with you if you quit. See what your boss thinks about that.

It's the equivalent of a change in control provision in a CEO contract. Ollie exerted the leverage if a CEO here. He had that leverage.

 

[UConnCat]

Buzz Williams had a similar clause in his contract at Marquette. His buyout went from $2 million to 100k when Marquette's AD resigned. Petrino's buyout is cut in half if Jurich leaves Louisville.

 

[CL82]

Get out.

You think they know more than The Boneyard Conference Realignment board?

Well from what I've read many of us would have had UConn in the conference of us our choice years ago. Heck some of us would have had us in a new east coast conference that is made up of teams cherry picked from other existing P5 conferences. So yeah, we must be more informed.

 

[whaler11]

Buzz Williams had a similar clause in his contract at Marquette. His buyout went from $2 million to 100k when Marquette's AD resigned. Petrino's buyout is cut in half if Jurich leaves Louisville.

I'm not arguing they exist. I'm not arguing that it was probably Ollie who wanted it.

I'm arguing that these are state employees and it shouldn't be legal.

What happens in private industry and at Marquette is not relevant in any way shape or form - seriously people can stop posting about private enterprise.

 

[Vuce]

I'm not arguing they exist. I'm not arguing that it was probably Ollie who wanted it.

I'm arguing that these are state employees and it shouldn't be legal.

What happens in private industry and at Marquette is not relevant in any way shape or form - seriously people can stop posting about private enterprise.

You are probably right. Hey, public sector unions should not be legal either but they exist all over the place. Those are far more damaging. This is in the same realm.

 

[Excalibur]

I'm not arguing they exist. I'm not arguing that it was probably Ollie who wanted it. I'm arguing that these are state employees and it shouldn't be legal. What happens in private industry and at Marquette is not relevant in any way shape or form - seriously people can stop posting about private enterprise.

Take it up with the legislature.

 

[RedStickHusky]

Ollie - "I want this clause."

Warde - "No."

Ollie - "I just won the NCAA title, am the wet dream of every NBA GM and I hold in my hands the frayed nerves of your entire fan base. Want them to read another NBA rumor in the morning?"

Warde - "Oh, that clause...sure, let's throw it on in there."

- or maybe -
(WM to SH, the AG, the Comptroller and the BoT): KO wants this in; I want to bring it to your attention but I don't think it's ethical for me to offer an opinion.
SH: Anyone have grounds to strike this?
SH (after a round of consensual silence): We can live with it.

-----------------------

BTW, does anyone know how long WM's current contract runs?

 

[Stray_Dog]

But that's not what it says, it says Ollie can void the buyout if either of them leave, it allows him an out if someone is hired that doesn't have the same goals in mind. Did you ever stop to think that it was a clause that Ollie had them put in? And the ridiculous analogy doesn't work because the clause doesn't mention anything about him going with them if they leave. Your interpretation of this is nearly as dumb as your football independence idea...nearly.

Not sure what you meant by "nearly as dumb"??? However, if I want to focus on a particular point and ignore all rational thought and then claim that the outcome is logical, well I would have the Nelson Paradox, the smartest dumb dumb ideas. Also, he pointed out about going to your boss, well guess what, Warde did and he even named his boss in the same contingency. Lastly, the agreements a CEO is empowered to make and with the tools they can use is vastly different then a person not sitting on an executive board. Now I am sure we can hear his legalese about why this can't be done...I'm getting ready for the blah, blah, blah and trust me the anxiety caused by anticipation as I hold my breath waiting for a deep sleep ...oh sorry just a nightmare I had as I was watching a basketball game on the 20 yard line (remember its a dream) with him shouting at me that we don't get enough revenue for this game...Then I woke up!

 

[Stray_Dog]

It's a conflict because any potential decision to replace Manuel isn't predicated only on Manuel's performance.

It also gives Manuel a lot of leverage in any contact situation where he is being recruited by another school.

It's negotiated by the very person who benefits most: Manuel.

It's a joke and should be illegal for a state employee to give themselves this type of leverage through contacts they negotiate.

Seriously if you think this is acceptable for a state employee, you can't possibly live here.

I do but with your response I wish I didn't

 

[whaler11]

I do but with your response I wish I didn't

LOL sorry if it's a state employee who I favor I still think there should be standards that eliminate potential conflicts of interest.

Good for Warde: He managed to add a little something for himself and no one seems to mind.

 

[Drew]

what i'd really like to see put into Diaco's contract is what WKU did with Petrino. Whoever hired him had to agree to a home and home football series with WKU. Creative if nothing else: http://espn.go.com/college-football/story/_/id/10263027/louisville-cardinals-offer-job-bobby-petrino

 

[nelsonmuntz]

the contracts are not beyond when the cash from the Big East breakups will dry up. Basically they provide the window for UConn to escape the AAC. If Uconn is not P5 in 3-4 years, then Ollie and Diaco will be gone. Geno may retire? I don't think you can read too much into it sadly

Herbst is smart enough to realize that UConn gets the Big East breakup fees regardless of whether UConn pays Ollie $3MM a year or not. Either the AAC is getting a boost from the AAC/ESPN "look in" (no idea how to handicap that probability) or UConn has another source of revenue in the works. I don't think Herbst is expecting a P5 invitation any time soon.