This may be the ultimate college football “you made your bed, now lie in it” story.
It’s a real shame, too.
Filed under Fall and Rise of Bobby Petrino, It's Just Bidness
Petrino and Petino. You choose immortality and lack of ethics up front, you end up with decadence as your wife and bankruptcy as your divorce.
I actually thought the linked article was going to be about Paul Johnson and Georgia Tech. Tech is in a real mess right now financially. They literally CAN’T afford to fire Fishfry.
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Getting into contracts you cannot afford to buy yourself out of in a time where the money is increasing annually shows total incompetence by those in charge. Isn’t just at Louisville either. Bad leadership leads to bad bad decisions. You should always have a way to separate yourslef from a character like Petrino.
What happens if the TV money starts to drop while you’re married to a coach you can’t fire? The financial ramifications could lead to a black hole of despair.
We’ll find out in a few years when that does happen.
Key word is “when” because the negative change in football economics seems inevitable. The current trend should be obvious, the recent IRS tax change for deduction guidelines throws some fuel onto the the attendance and cord-cutting issues already gaining momentum. Long term contracts and financed renovation projects were already a bad idea from a business standpoint, imo.
The powers that be at P5 schools spent for the sake of spending IMHO. Long term contracts for HCs and coordinators, expansion of stadium facilities when none were really necessary, high salaries for ADs, all are symptoms of schools having too much money and looking for ways to spend it. When the money flow slows down, if these schools are contractually obligated to continue paying, they will be in a world of hurt.
Don’t blame the money, it was the fools overseeing the program that made those decisions. Just because you get a huge bonus one year doesn’t mean you have to spend it all, or assume it will be a windfall every year. There were enough warning signs about fan unhappiness, layoffs at Mickey, etc.
The level of financial incompetence here is staggering. Louisville, Auburn, and LSU way over paid for coaches at a time where as far as I can tell there was no threat what so ever that they were going to lose these guys to another program. Their agents are amazing.
That article led me to the Coaches Hot Seat page, which I otherwise never visit. The fact that their current ranking of the “top” 20 coaches includes at least six in their first year on the job means there are some lousy hiring decisions being made, but also there are some fanbases with delusional expectations..
Maybe Auburn can send that plane back to Louisville and swap apple for apple. I think each coach would be a better fit at the other school. Even saying that I’d rather face Malzahn and his inability to mold his offense to its strengths than play Petrino who I feel is much more creative offensively historically.
From the title, I expected this to be about Auburn. But then I realized that Auburn would just sell the Chemistry department to buyout a coach. Or make students pay for sponsorships for their degrees. “Hi, I’m Brett, and I graduated with a degree in Dow Chemicals Bachelor of Science, from the Underarmor School of Science.”
Yep. I expected the same thing. A switcheroo would serve them both, and it makes me wonder if that won’t be some way these schools start navigating these massive contracts.
Is there anyway we can get him as OC?
Given the terms that he returned to UL under, it’s inconceivable that his buyout is so high. Maybe their strategy is waiting for him to get caught snorting coke behind a strip club so they can fire him with cause and no buyout.
You joke but that IS the way out of these big buyouts. If a HC is not performing and the school decides it wants to get rid of him going forward expect secret investigations and phonied up BS charges to support a “for cause” dismissal. Texas Tech set the standard. Just ask Mike Leach. BTW, I don’t think TT has won more than 8 games in a season since they canned Leach.
“... Shoot, why does anybody who’s ever won something do it again? Because it’s cool. So, let’s go do it again. Let’s see if we’ve got what it takes.” -- Stetson Bennett, The Athletic, 3/22/22
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