UConn men’s basketball coach Dan Hurley signs contract, extends for one year due to self-imposed sanctions

[huskymedic]

UConn men’s basketball coach Dan Hurley signs contract, extends for one year due to self-imposed sanctions

>>Hurley’s contract, paying roughly $3 million per year in base salary and other compensation, now expires on March 31, 2025. So in addition to the boost of UConn’s move from the American Athletic Conference to the Big East, Hurley now has an extra year to turn the program around after three consecutive losing seasons, including a 16-17 finish this past season, his first.

Under the terms of the deal, Hurley would owe UConn a buyout of $6 million if he were to leave before March 31, 2020. The buyout number de-escalates to $4.5 million in 2021, $3.5 million in 2022, $2 million in 2023 and zero after April 1, 2023. If Hurley were to be terminated without cause before March 31, 2023, he would get 100 percent of remaining base and supplemental salary, 75 percent if he were terminated before March 31, 2024, and 50 percent after that.<<

 

[auror]

Not loving that buyout de-escalation, but what are you gonna do. I know we'd take care of him if he completes the turn-around.

 

[BFieldHusky]

So Hurley's buyout is 6 million through end of 2020, 4.5 through 2021, and 3.5 through 2022. He isn't going anywhere @upstater.

 

[CL82]

I'm not like that lump sum buyout. Have we learned nothing?

 

[JMick]

I'm not like that lump sum buyout. Have we learned nothing?

it's pretty standard...

 

[nomar]

What if he gets fired for cause?

Or, you know, "for cause" [wink]?

 

[CL82]

it's pretty standard...

Doesn’t mean I have to like it. There’s no reason why getting fired she put you in a better position financially than keeping your job. If you’re going to do the lump sum payment, Take the present value of the cash stream of payments over the remaining lifetime of the contract and give the person who is fired a choice to take the discounted lump sum or get paid at the regular pace.

 

[TheChamps990411]

No big deal. If he doesnt do well hes gone and it shouldn't turn into a KO type mess. If hes successful we have him for the duration of the contract because unless he has insane level of success (multiple F4s, National title) hes not leaving for another job which would be in the NBA and he sure as heck isnt going to get offered the Duke job.

 

[Waquoit]

This is a good thing.

 

[Zissou]

UConn men’s basketball coach Dan Hurley signs contract, extends for one year due to self-imposed sanctions

>> and zero after April 1, 2023. If Hurley were to be terminated without cause before March 31, 2023, he would get 100 percent of remaining base and supplemental salary, 75 percent if he were terminated before March 31, 2024, and 50 percent after that.<<

I’d think the rapid drop in buyout is necessary with the UConn history of claiming cause on firing and not paying termination. Buyout is traded for termination, and it’s hard to believe there is any real benefit in the termination payment.

 

[UConnJim]

Is it a coincidence that Hurley signed his contract after UConn formally announces the move to the Big East? Could Hurley have been told that UConn would try to move to the BE when he was hired? By not signing his contract, Hurley kept his options open. Interesting questions.

 

[aburks41]

UConn in the Big East is a final destination job in college. We’re not a Cincinnati where a coach will bolt to a UCLA type for the pedigree. The only move we’d have to concern our future selves with would be to the NBA, but if Hurley is getting NBA offers that means we probably have 6 rings

 

[Dooooooomed]

Danny working hard...

 

[Rico444]

Doesn’t mean I have to like it. There’s no reason why getting fired she put you in a better position financially than keeping your job. If you’re going to do the lump sum payment, Take the present value of the cash stream of payments over the remaining lifetime of the contract and give the person who is fired a choice to take the discounted lump sum or get paid at the regular pace.

Sure you can do that, but a contract is a negotiation. Take the standard buyout away that all coaches have written into their contracts and you're going to have to give up something else instead.

 

[HooperScooper]

Is it a coincidence that Hurley signed his contract after UConn formally announces the move to the Big East? Could Hurley have been told that UConn would try to move to the BE when he was hired? By not signing his contract, Hurley kept his options open. Interesting questions.

Hurley said that there was no talk about the Big East when he was hired and he didn't even know the last few weeks that UConn was talking to the Big East. He found out the same way we did (I think I saw that in the Andy Katz podcast).

“My first question when I met with President [Susan] Herbst and [athletic director] Dave Benedict was about the conference situation,” Hurley said, “because from the outside it doesn’t seem like a great fit, UConn and the AAC. But I took the job under the assumption that I was going to coach in the AAC.”

“I didn’t get any type of tip-off that this was coming,” Hurley said, after the press conference broke up. “This was like a Christmas surprise.”

Game-changer for Dan Hurley, UConn men: ‘Who wouldn’t want to play here now? We’re back in the Big East’

Of course, it was on Dan Hurley’s mind. Hasn’t it been on everyone’s mind in these parts the last six years? “My first question when I met with President [Susan] Herbst and …

www.courant.com

 

[CL82]

Sure you can do that, but a contract is a negotiation. Take the standard buyout away that all coaches have written into their contracts and you're going to have to give up something else instead.

Like a de minimus provision on NCAA violations?

 

[StunningSteve]

What if he gets fired for cause?

Or, you know, "for cause" [wink]?

That's the thing. I'm always leery for these long contracts because I've seen them end badly... a lot.

 

[husky429]

That's the thing. I'm always leery for these long contracts because I've seen them end badly... a lot.

Remember when injuries put Christian Vital as our PG for a stretch? Jesus couldn't have coached that team to a W.

Someone's salty

 

[NJHoops]

Remember when injuries put Christian Vital as our PG for a stretch? Jesus couldn't have coached that team to a W.

Someone's salty

You have to love the posting of a tweet from basically a bot account that bought followers (always look at number of “followers” versus actual interactions with tweets) that hates everything. Trolling, but not even dong it well. Happy Sunday!

Also, not a UConn fan, so no, probably doesn’t remember.

 

[NJHoops]

Doesn’t mean I have to like it. There’s no reason why getting fired she put you in a better position financially than keeping your job. If you’re going to do the lump sum payment, Take the present value of the cash stream of payments over the remaining lifetime of the contract and give the person who is fired a choice to take the discounted lump sum or get paid at the regular pace.

Sure, there’s always risk with these types of contracts and, given recent history, there’s reason for apprehension. At the same time, given the market, it’s almost necessary in order to attract a coach you’d actually want running your team. There’s also room for negotiation, if necessary, in most (but not all, we know) of these situations. No one really thinks Chris Mullin “stepped aside” for personal reasons. They still negotiated a buyout.

 

[whaler11]

That's the thing. I'm always leery for these long contracts because I've seen them end badly... a lot.

jimmy serrano is banned but these clowns thrive. amazing.

 

[freescooter]

I guess this was pretty standard. When I first saw the headline I thought it was an extension beyond the NCAA penalty clause and figured it was another boneheaded move by our Athletic Department to extend a guy before he actually accomplished anything.