16.4 million.....

[HBK4life]

The cost of the Huskers’ three-year football funk could reach $16.4 million, including potential payments to Riley and ongoing payments to former athletic director Shawn Eichorst and Pelini. The total includes payouts already made to Pelini’s assistant coaches.
http://www.omaha.com/news/nebraska/...cle_d758c488-9deb-52c7-a8a0-dd3277f5a98b.html

But $16.4 million doesn’t include possible payments to Riley’s assistant coaches, some or all of whom will leave if Riley is released.

 

[HBK4life]

The payouts for ex-football coaches aren’t unique to Nebraska.

Coach Butch Jones, who was just fired at the University of Tennessee, can get up to $8.26 million in payouts, according to a Tennessee spokesman. That amount will diminish commensurately if Jones gets another job. Many of the Huskers’ contracts have similar provisions.

Louisiana State’s Les Miles, released last year, has $8 million in payouts due him, LSU said.

And USA Today reported this year that Notre Dame paid close to $19 million to Charlie Weis, who was fired in 2009.

 

[planored]

They will lose far more than that if Riley is kept and this shit show continues.

 

[GeauxBigRed]

Quarters compared to what a winning Husker team is worth to the Athletic Department, University, and local economy..

 

[Antwill]

The amount of revenue that is lost to the state dwarfs that amount if we keep putting this type of product on the field. I don't think there is another state that is as impacted economically by a college sports program as Nebraska is by Husker football.

 

[iROOT4nu]

The amount of revenue that is lost to the state dwarfs that amount if we keep putting this type of product on the field. I don't think there is another state that is as impacted economically by a college sports program as Nebraska is by Husker football.

Alcohol sales have to be up, right?

 

[Antwill]

The amount of revenue that is lost to the state dwarfs that amount if we keep putting this type of product on the field. I don't think there is another state that is as impacted economically by a college sports program as Nebraska is by Husker football.

Alcohol sales have to be up, right?

Way.

 

[otismotis08]

It's just money

 

[Skerz4Life50]

The cost of the Huskers’ three-year football funk could reach $16.4 million, including potential payments to Riley and ongoing payments to former athletic director Shawn Eichorst and Pelini. The total includes payouts already made to Pelini’s assistant coaches.
http://www.omaha.com/news/nebraska/...cle_d758c488-9deb-52c7-a8a0-dd3277f5a98b.html

But $16.4 million doesn’t include possible payments to Riley’s assistant coaches, some or all of whom will leave if Riley is released.

Throw money at them!! Doesn’t matter about profits!! Or that the university is a business. All that matters is we overpay our coach

 

[dinglefritz]

The amount of revenue that is lost to the state dwarfs that amount if we keep putting this type of product on the field. I don't think there is another state that is as impacted economically by a college sports program as Nebraska is by Husker football.

Just the ticket and seat license fees have to generate over 9 million per home game. Concessions and merchandise sales supposedly approach that for every home game. It doesn't take many empty seats to justify a new coaching staff. If you can't sell winning you have to sell hope for winning and that's all we've got left. You do what you have to do to get the right guy in place because we can't afford to have losing seasons.

 

[bmb81664]

Chump change. That is less than half what we are offering Frost.

 

[redfanusa]

Making bad hiring choices is expensive. What's frustrating is that, in almost every case, we have given the person an extension literally days/weeks before terminating them. That alone has probably cost us $9 million over time.

Nebraska has B1G money now that we are a full member. We just need to bite the bullet to get the right coach, and the money will follow.

 

[TrueBigRedFan]

The cost of the Huskers’ three-year football funk could reach $16.4 million, including potential payments to Riley and ongoing payments to former athletic director Shawn Eichorst and Pelini. The total includes payouts already made to Pelini’s assistant coaches.
http://www.omaha.com/news/nebraska/...cle_d758c488-9deb-52c7-a8a0-dd3277f5a98b.html

But $16.4 million doesn’t include possible payments to Riley’s assistant coaches, some or all of whom will leave if Riley is released.

Is your concern that Nebraska doesn't have the money to honor these agreed payouts?

Or that it's to much? It is a lot. But to much compared to what? $22 million or $4.4 million for example?

Nebraska agreed to the financial terms of these agreements. They are what they are.

Nebraska has the money to cover the amounts, without prevention of doing what they plan to do. There won't be a dropping of programs or retiring of tenured professors to cover the expense.

Like everyone, we would prefer not to be in this position, but it is what it is. It really will be fine.

IMO.

 

[HBK4life]

Is your concern that Nebraska doesn't have the money to honor these agreed payouts?

Or that it's to much? It is a lot. But to much compared to what? $22 million or $4.4 million for example?

Nebraska agreed to the financial terms of these agreements. They are what they are.

Nebraska has the money to cover the amounts, without prevention of doing what they plan to do. There won't be a dropping of programs or retiring of tenured professors to cover the expense.

Like everyone, we would prefer not to be in this position, but it is what it is. It really will be fine.

IMO.

No concern at all. Just an interesting article about paying for failure. NU has more than enough money.

 

[TrueBigRedFan]

No concern at all. Just an interesting article about paying for failure. NU has more than enough money.

We do have the money. But it is really a lot of money to have to pay out, considering we really didn't get a positive return on those dollars. We definitely could have used them for something else.

I am really hoping this next round of money we are about to invest in a new Football Coaching Staff and in the new AD, will provide the outcome we are all hoping and praying for.

 

[jeff v4]

Just look at the lost revenue for sports bars and restaurants. After a W people are more likely to stay longer and celebrate. After a L there are still those that drown their sorrows but they don't seem to hang around very long after the game.

 

[TrueBigRedFan]

Just look at the lost revenue for sports bars and restaurants. After a W people are more likely to stay longer and celebrate. After a L there are still those that drown their sorrows but they don't seem to hang around very long after the game.

The economic impact a winning Husker team makes on Lincoln and the state in general is considerable. A chronic losing team creates a significant impact on the negative side as well.

Also consider that Nebraska Football is what ties the entire state together. A continual losing team forces people to find other outlets for their time, attention and emotional investment. And you can sure see the loss of that binding at this point. That would be a huge loss of social culture for Nebraska. I hope we never lose that.

 

[Scott_SanDiego]

The cost of the Huskers’ three-year football funk could reach $16.4 million, including potential payments to Riley and ongoing payments to former athletic director Shawn Eichorst and Pelini. The total includes payouts already made to Pelini’s assistant coaches.
http://www.omaha.com/news/nebraska/...cle_d758c488-9deb-52c7-a8a0-dd3277f5a98b.html

But $16.4 million doesn’t include possible payments to Riley’s assistant coaches, some or all of whom will leave if Riley is released.

And Alabama pays saban alone 13 mil a year so they will spend 39 mil plus assistants over 3 years. Let’s act like a blue blood

 

[Nebfan15]

And Alabama pays saban alone 13 mil a year so they will spend 39 mil plus assistants over 3 years. Let’s act like a blue blood

Saban only makes 7 million a year. He will make 11 million this year because of a signing bonus but your point is exactly correct

 

[Harry Caray]

I recommend this article that talks about the economic boom that Nick Saban has created the last decade in Alabama - not just the university, but the city of Tuscaloosa and the whole state. Just a summary:

$60 million more in tuition revenue due to the massive enrollment increase
$3 billion in new construction in the city of Tuscaloosa
$19 million per game financial boost to the Tuscaloosa area (compared to $14 mill/game before Saban)
State tax revenue up $40 million/year
Statewide economic & fiscal impact up almost $1 billion/year

 

[bomber89]

History proves when you have a championship team (a team that wins their conference or more) student enrollment goes up, donors give more and for reasons I don't understand, grant money goes up as well. This isn't even counting all the merchandise sells and the increase in tourism dollars.

I don't remember what University it was but a University Big Shot from a University that just won a championship said in a tweet he saw more applications for the Universities masters degree programs the day after they won than he saw the entire year prior.

Im basically saying if you pay to get rid of bad coaches and pay to get great ones that win championships your return on your investment has to be 5-10 fold more.

Its just good business.