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Post by 00hmh on Apr 4, 2022 17:20:39 GMT -6
That would explain why they didn't wait until May 1st when it would have been cheaper. No, I think we had enough urgency to get this particular deal done, this was necessary. Even after May 1, whether we could make a serious commitment without outside money is doubtful. |
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Post by comet on Apr 4, 2022 17:34:42 GMT -6
Are buyouts such as this a lump sum or are they paid out over the length of the contract  ? |
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Post by cardsfan606 on Apr 4, 2022 18:42:37 GMT -6
From my understanding a donor helped with Whitford’s buy out and Lewis’s/staff contracts… we’re drivin, drivin to be the best? |
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Post by rmcalhoun on Apr 4, 2022 20:41:43 GMT -6
From my understanding a donor helped with Whitford’s buy out and Lewis’s/staff contracts… we’re drivin, drivin to be the best? Oh no Stoops pulled his car off tge lot |
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Post by 00hmh on Apr 4, 2022 21:44:47 GMT -6
we’re drivin, drivin to be the best? Oh no Stoops pulled his car off tge lot Stoops doesn't end up looking so good, quiting the game and taking the ball home because he thought he didn't get a good call in a backyard game. His donations were real and valuable, but he made a power play, it wasn't pretty. |
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Post by lmills72 on Apr 4, 2022 22:10:32 GMT -6
Well, if not Stoops, who? Mr. Gainbridge?
It sounds like it's not just a one-time commitment for the buyout, but an annual $100,00+ for the bonus that has upped the coaches salary.
I'd actually wondered if Stoops pulling his money from it's current location was just a way to move it so it could be used as a buyout. You know, kinda like: I'm going to pull my advertising and my other contributions and I'm going to give you what I would have spent for a buyout instead.
Anyway, I don't view Stoops in any less of a light than previously. I don't know the particulars of why he did what he did. I know in the aftermath of that the school somehow found the money and the gumption to fire Whitford and significantly increase the coaching compensation. If that's part of what Stoops wanted, I'd think he's pretty satisfied with his decision.
I'm sure Ball State will accept his patronage again should he decide to bestow it.
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Post by 00hmh on Apr 4, 2022 22:51:52 GMT -6
No doubt about that taking his money. Maybe even giving him "better" return!
I don't know about the accounting behind his car deal and advertising but a corporate "gift" like that is at least partly expensed. Not after tax, or entirely charitable.
A coaching pledge or direct gift for facilities for that matter is a different animal.
Losing him was unfortunate, no doubt, but a public snit doesn't look good. And if we think of it as charitable pledge, quid pro quo isn't really something BSU can promise.
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Post by sweep on Apr 5, 2022 3:36:19 GMT -6
That would explain why they didn't wait until May 1st when it would have been cheaper. No, I think we had enough urgency to get this particular deal done, this was necessary. Oh for God's Sake, you didn't view it as a necessity two weeks ago. |
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Post by 00hmh on Apr 5, 2022 6:29:40 GMT -6
No, I think we had enough urgency to get this particular deal done, this was necessary. Oh for God's Sake, you didn't view it as a necessity two weeks ago. Where do you see ANY post I made which said we didn't need outside money? Or that we could afford to do it right without substantial expenditure? The issue today may still be whether doing anything will have some negatives, if this money came by taking it away from someplace else where there was need, too. Besides. Whatever you thought or I thought is irrelevant. What did the decision makers think? |
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Post by sweep on Apr 5, 2022 6:40:27 GMT -6
Oh for God's Sake, you didn't view it as a necessity two weeks ago. Where do you see ANY post I made which said we didn't need outside money? You didn't think any hire was a necessity ............. |
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Post by CallingBS on Apr 5, 2022 6:42:07 GMT -6
Rest assured it was NOT Stoops
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Post by 00hmh on Apr 5, 2022 8:07:10 GMT -6
Where do you see ANY post I made which said we didn't need outside money? You didn't think any hire was a necessity ............. No. I didn't think it was a good idea to make a move unless we spent some money, substantial money, and did it right. And. That we got the money without taking it from other important purposes.
Whether we accomplished that remains to be seen. We don't know much about where the buyout came and if others in this thread are right we may have allocated a million bucks on this move.
The only recent commitment we know of publicly of any large amount of money available for operations in athletics is the Heeter Family gift in February.
That is a million dollar gift with a large amount eventually going into an Athletics Excellence Fund with expenditure signed off by the AD and President. BUT. Half of that is in an estate plan and not likely now available. And the million is split between Teachers College and Athletics. Since the TC gift is eligible for matching money from another source, it is good management to make sure it is leveraged.
So if we are spending a million we are taking money from other funds, which obviously means we can't spend that money on other things or at least have to delay the spending until enough money flows into the Excellence Account.
Bottom line is we have not been able to get a buyout done for years, and I supported the administration in saying we didn't have enough money to do it right or the urgency to take the money from other sources. We have made that decision now, I hope covered by new money.
Although we might all wish as fans we could hire a guy with HC experience, which would probably mean an even bigger investment, we have done pretty well it appears. So far.
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Post by thebsukid on Apr 5, 2022 10:13:36 GMT -6
Randy Stoops is a stand up guy! I’ve done business with him in a Chinese venture where we all knew there was risks. He is a class act and not a whiner!
The very best guy in my view.
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Post by 00hmh on Apr 5, 2022 10:46:39 GMT -6
Randy Stoops is a stand up guy! I’ve done business with him in a Chinese venture where we all knew there was risks. He is a class act and not a whiner! The very best guy in my view. He does have a good reputation in business and the community. He seems to have whined a little about those Penn State Tickets, though.
Pulling participation as a booster in response to a slight, and making the decision due to good business reasons are different things, he should have left it at that. I have no idea who screwed up on that and didn't handle i t better, because he has a gripe about it, but it still doesn't make him look good. BSU doesn't do a terrible job with its fund raising or recognizing donors. |
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Post by sweep on Apr 5, 2022 10:55:22 GMT -6
Randy Stoops is a stand up guy! I’ve done business with him in a Chinese venture where we all knew there was risks. He is a class act and not a whiner! The very best guy in my view. He does have a good reputation in business and the community. He seems to have whined a little about those Penn State Tickets, though.
Pulling participation as a booster in response to a slight, and making the decision due to good business reasons are different things, he should have left it at that. I have no idea who screwed up on that and didn't handle i t better, because he has a gripe about it, but it still doesn't make him look good. BSU doesn't do a terrible job with its fund raising or recognizing donors. Just shut up............... I am very sorry he doesn't live up to your high standards. |
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