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Syracuse Athletics
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Mike Hopkins hired a new
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[QUOTE="AlpharettaCuse, post: 2135904, member: 1466"] Essentially, it's name me the coach by X date or pay me lots of money. We've seen several coaches leave early-Will Muschamp, James Franklin, and now Mike Hopkins. Jimbo Fisher and FSU forced Bobby Bowden out, as FSU would have had to have paid $5 million if he was not named head coach by 2011. The conctact is iron clad, or "set in stone" but of course both parties can breach it. "The coach-in-waiting contract is an interesting animal. The agreements are set up so coaches will be paid a “penalty”, usually in the seven figures, if the coach-in-waiting is not the head coach by a certain date. Often times, a coach-in-waiting must stay in that role for five years waiting for their chance. The benefits of entering into such an agreement are 1) the coach generally receives a nice raise; 2) the coach is provided with some security that he will be the next head coach; and 3) the coach will be paid a sizeable penalty if he is not named the head coach by a certain date. Universities also benefit from this arrangement because they are able to keep talented coaches on staff when they would have likely left the university for other employment. Although these agreements can benefit both parties, it appears this approach may be a fade. What is the motivation to provide a coach with a substantial pay raise to be the coach-in-waiting when the coach will simply leave for a more expedient option a year or two after signing the coach-in-waiting contract? On the other side of the ball, why would a coach pass up the opportunity to lead another desirable program immediately to wait another five years for the same shot? A lot can change in five years, [I]i.e., [/I]NCAA infractions, a change of fate for the team, or change of administration." Oddly enough Syracuse had NCAA infractions, change in the team and conference, and change in the administration. [/QUOTE]
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