Topic: Buyout money for 6 remaining years

[W0lfman]

How much we getting?

[Tim Hensley]

$600,000

[Skidude]

Head Caldwell's buyout was right around the $2,000,000 figure.

Don't know if it's true or not.

[Flat Tire 2]

I don't know how reliable the below link UT will have to pay Marshall $600,000.

"The Daily Beacon obtained Caldwell's contract via a public records request, which shows her base pay as $750,000 and it will run through March 31, 2029. The University of Tennessee is also responsible for paying Caldwell's $600,000 buyout at Marshall. The contract totals five years for $3.75 million."

"As for incentive compensation, Caldwell will receive $400,000 for winning the NCAA National Championship. She receives $200,000 for appearing in the title game, $150,000 for a Final Four berth, $100,000 for an Elite Eight appearance, $75,000 for a Sweet 16, $40,000 for a Round of 32 appearance and $25,000 for making the tournament."

https://www.utdailybeacon.com/sports/womens_basketball/contract-details-for-new-lady-vols-basketball-coach-kim-caldwell/article_aee1651c-f508-11ee-b96c-338bad252fe5.html

[W0lfman]

Buyout only 600k? I figured it would have been more.

[svherd]

We prolly caved. Like we do in a lot of these cases. Letting a schools out of contracts, etc.

UT said well lay you 6K and we said yes.

[MUfan08]

Any chance we get UT at the Cam out of this deal.

[Skidude]

If Burdette get the head coaching position - may get a game against UT in Knoxville.  Don't think we will ever see UT in Huntington.

[Lord Haw-Haw]

$600,000

Use it to send Gnarls packing!

[MUther]

If Burdette get the head coaching position - may get a game against UT in Knoxville.  Don't think we will ever see UT in Huntington.

Even if she doesn't, we should have made that a condition of such a low buyout.  They come here and play a game at the Cam, in men's and women's or they double that buyout.

[HerdEcon]

To put things in prospective, the University of Tennessee's athletic department budget for the 2022-2023 fiscal year was $202.1 million in revenue and $191 million in expenses, which resulted in a $11.1 million surplus.  UT invested $8.4 million of the surplus into capital projects.  In 2021, UT paid Bowling Green State University $1.5 million to play the first game of the season at Neyland Stadium.

Marshall's athletic budget for the 2024 fiscal year is $37.2 million. 

UT laughed at the $600k buyout. 

[lexkyherdfan]

Was the buyout only for base salary?  We all know there are salaries by the school and then salaries for other part of the jobs.  I don?t know what her contract was based on previously but that could be why only $600k. Just a thought.

We can take the money and use it in the program. Get her to bring UT to Huntington (never happen) but Florida did come to Huntington this past season but of course they are not the level of UT either.

[MUther]

Was the buyout only for base salary?  We all know there are salaries by the school and then salaries for other part of the jobs.  I don?t know what her contract was based on previously but that could be why only $600k. Just a thought.

We can take the money and use it in the program. Get her to bring UT to Huntington (never happen) but Florida did come to Huntington this past season but of course they are not the level of UT either.

I would think the buyout would be explicitly spelled out in the contract.  But even at base salary it was worth more than 600k.  That's about two years of salary. 

We don't often get leverage over a big program, but we had it here, and should have used it.  Maybe they owe us a favor now.  No idea what they talked about.

[MUfan08]

Was the buyout only for base salary?  We all know there are salaries by the school and then salaries for other part of the jobs.  I don?t know what her contract was based on previously but that could be why only $600k. Just a thought.

We can take the money and use it in the program. Get her to bring UT to Huntington (never happen) but Florida did come to Huntington this past season but of course they are not the level of UT either.

We will get that home football game finally that we signed with UT and Kayo canceled haha.

[andy31]

Nm

[VA Herd Fan]

I would suspect that nobody expected the success the program had in year 1. Maybe not even Kim. Thus they never thought she would be considered for a top job this soon.

[Flat Tire 2]

I would suspect that nobody expected the success the program had in year 1. Maybe not even Kim. Thus they never thought she would be considered for a top job this soon.

That is a good point. I don't think anyone thought she would be that successful in her first year and attract a top program. The buyout at the time sounded like a reasonable plan. At least we are receiving the $600,000 payment.

Has anyone heard anything about her replacement? I just checked and there are no press releases from Marshall about a "search committee". I wonder if they will even do a search committee? They might be using a headhunter to canvas potential hires? Let's face it, WB was not a high priority at Marshall until now. As with any hire, getting a good coach who can continue the success is very important.

Remember when UT hired away former MU President Wade Gilley? Hopefully Kim works out better for UT than did Gilley.

[mu79grad]

That is a good point. I don't think anyone thought she would be that successful in her first year and attract a top program. The buyout at the time sounded like a reasonable plan. At least we are receiving the $600,000 payment.

Has anyone heard anything about her replacement? I just checked and there are no press releases from Marshall about a "search committee". I wonder if they will even do a search committee? They might be using a headhunter to canvas potential hires? Let's face it, WB was not a high priority at Marshall until now. As with any hire, getting a good coach who can continue the success is very important.

Remember when UT hired away former MU President Wade Gilley? Hopefully Kim works out better for UT than did Gilley.

I am pretty sure that Mike Hamrick never used a search committee.  I would be surprised if Christian Spears did his search any differently.  Of course, President Smith might get involved as he did with Corny. 

[gtrman4herd]

The buyout, which was in her MU contract, was 100K per year remaining on contract. Her base was 225K at Marshall.   

[s1uggo]

I am pretty sure that Mike Hamrick never used a search committee.  I would be surprised if Christian Spears did his search any differently.  Of course, President Smith might get involved as he did with Corny.

Actually Beatrice will probably do the search as she did with Softball.  The first 2 Spears candidates turned him down.  Actually the first 2 Spears candidates for Track turned him down as well. And look what we got, 1/2 more point in the conference meet, and times across the board (except the distance runners still being coached by Caleb) off last years times as well.  But change is good, right!!

[svherd]

Actually Beatrice will probably do the search as she did with Softball.  The first 2 Spears candidates turned him down.  Actually the first 2 Spears candidates for Track turned him down as well. And look what we got, 1/2 more point in the conference meet, and times across the board (except the distance runners still being coached by Caleb) off last years times as well.  But change is good, right!!

This is why JMU kicks tail in many sports. They do a thorough job in searching and hiring good coaches. Our previous AD hired one good coach who proved his worth over time - Grassie. Spears hired Caldwell, home run but she bolted. The other hires have yet to be determined

We need a coach for the women who plays up tempo and can use the portal. A slow down game isn't fan friendly. Jmo

[HerdEcon]

This is why JMU kicks tail in many sports. They do a thorough job in searching and hiring good coaches. Our previous AD hired one good coach who proved his worth over time - Grassie. Spears hired Caldwell, home run but she bolted. The other hires have yet to be determined

We need a coach for the women who plays up tempo and can use the portal. A slow down game isn't fan friendly. Jmo

I agree.  Now that fans have gotten to see an exciting, fast pace team and the results there's no going back.  Fans were critical of Huff for his lack of ability to put an exciting offense on the field to complement the defense and some want a men's basketball coach to play a fast pace.