That’s our old buddy, Damon Evans, defending Maryland’s obligation to pay Randy Edsall a $2.6 million buyout after the school fired him.
It’s not like Maryland’s anything special in that department.
… Severance pay is the top-rising expense for athletic departments at some of America’s largest public universities, according to a Washington Post review of thousands of pages of financial records from schools in the five wealthiest conferences in college sports.
In a decade, the total annual amount spent on severance by athletic departments at 48 public universities in the “Power Five” conferences increased from $12.9 million combined in 2004, adjusted for inflation, to $28.5 million in 2014. That 120 percent jump outpaced rises on larger athletic budget items such as facilities spending (89 percent), coaches pay (85 percent) and administrative-staff pay (69 percent).
Jesus. If you’d like to see a more graphic picture of the worst offenders, here you go.
Costly exerciseFor athletic departments in the wealthy Power Five conferences that still finish the year with deficits, severance is often a factor. These 10 schools paid the most to former employees in 2014.
SCHOOL SEVERANCE 2014 PROFIT/DEFICIT Auburn $4,846,662 -$17,139,398 Oregon State $4,143,888 -$16,015,415 Minnesota $3,306,483 -$1,542,547 Illinois $3,203,870 -$6,191,154 California $2,403,280 -$4,828,054 Wash. State $1,840,033 -$18,296,057 Kentucky $1,436,204 $1,211,510 Indiana $1,301,146 $4,282,047 Florida $1,293,655 $10,612,847 Penn State $1,265,927 $150,351
War damn eagle!
Remind me again why these guys think they’re smart.
I assume UGA will be on the list next year.
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If Schotty finds a job then probably not for very much. Richt and Pruitt are a wash since they have accepted comparable posts. I haven’t heard what Bama is paying Pruitt but Richt signed for roughly what he was making here. It is about a wash. How is AU athletics 17 million in the hole?
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Because Auburn is like a man who just got his 3rd divorce, and also had to buy another big screen TV for his new bachelor pad. http://www.auburntigers.com/sports/m-footbl/videoboard.html
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Who the hell — pro or college — is going to hire Schotty?
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Damn. I got into the wrong line of work.
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Just take a f*cking cab next time, Damon. You McGarity’d us good, and I’ll never forgive you.
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I think hindsight and the image of his successor have made people think higher of Evans as an AD than maybe he deserves. He put a lot of admin stuff on Richt that came home to roost in a bad way.
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Absolutely true, Ben.
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Auburn’s number will be going up after they can Gus next season.
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Gus may be safe because they can’t afford to let him go.
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Same thing as GT keeping Paul Johnson around, I think. Either that, or they just don’t care anymore.
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Maybe true are they still paying off Hewitt?
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Auburn is just trying to keep up, but the Death Star makes so much more money.
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It would be interesting to see the cumulative totals. like when was the last time AU wasn’t paying a buyout fee?
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Like it or not, being fiscally stable is “another point of bulldog pride”. I don’t know the numbers but if I remember correctly, our booster/athletic dept. could probably sustain well above $8mil in annual buyouts for a few years and still remain profitable.
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That top 10 has got to be wrong. No utk?!
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Their long nightmare seems to be at an end. Fulmer’s been off the books for quite some time now, and Dooley’s off, too.
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I don’t think Auburn ever claimed “smart,” just “fast.”
Those guys sure aren’t quick, though.
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WTF Oregon State and Wash. State? Struggles keeping up with the Joneses?
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