Category Archives: It’s Just Bidness

Other people’s money, other people’s problem

Shot.

Chaser.

Schools, shorter version:  “Yeah, it’s kind of a mess what we’re doing, encouraging collectives in one breath and leaving coaches out to fend for themselves in the face of aggressive NIL pitches on the other.  But, hey, at least we’re not the ones paying the players!”

37 Comments

Filed under It's Just Bidness, Transfers Are For Coaches.

The rising cost of mediocrity

Holy coaching salary inflation, Batman!

Dude making $6 mil a year has a losing record at his current school.  Is America great, or what?  Jimmy Sexton knows it’s the land of opportunity, that’s for sure.

41 Comments

Filed under General Idiocy, It's Just Bidness

Because they can.

Oh, for the love of Gawd.

He’s got a 15-16 record at Missouri.  There isn’t another school jumping at the chance to make him their head coach.  Why on earth would you do this?

20 Comments

Filed under It's Just Bidness, SEC Football

A dollar here, a dollar there…

Good freakin’ Lord.

A fully guaranteed $5 million a year contract for a G5 coach.  Sure, that seems sensible.

16 Comments

Filed under It's Not Easy Being A Mid-Major, It's Just Bidness

Today, in when they say it’s about the money…

Shot.

During Pac-12 basketball media day on Wednesday, Kliavkoff said he’s spoken to more than 100 people connected to both programs, including players and coaches, and the consensus has been against the move to the Big Ten.

“I think saying hundreds would be an exaggeration — dozens, more than a hundred,” he said. “And I have yet to talk to anyone in the UCLA and USC community who’s in favor of the move. I will say that I probably hear from folks who are not in favor, not surprisingly.”

Chaser.

According to reports, UCLA will reap an eight-figure gain annually when it joins the Big Ten.

“We believe that between the travel and coaches’ salaries and some of the other expenses that you incur when you join the Big Ten, that the small delta in the [Big Ten] media rights deal will be more than offset and we stand by those numbers,” Kliavkoff said.

I had no idea the cost of flying had skyrocketed like that.  George needs to come up with a better sales pitch, methinks.

15 Comments

Filed under Big Ten Football, It's Just Bidness, Pac-12 Football

TFW it just means more = it just spends more

Oof.

Harsh, but fair.

45 Comments

Filed under It's Just Bidness, SEC Football

When it comes to the Cocktail Party…

there’s money

The long-standing deal currently brings each school an average of $2 million extra per year free and clear of the costs it takes to operate such a game. The universities have operated on a series of four-year contracts with Jacksonville that have built-in escalators and have gotten increasingly lucrative with each renewal. They’re scheduled for another re-up in 2023.

Specifically, the programs split the ticket revenue from 84,000 seats. In addition, the Jacksonville contract guarantees each school $1 million in 2021, $1.25 million in 2022 and 2023. Each school receives an additional $60,000 for travel expenses, while Georgia gets an additional $350,000 chartered-jet service.

… and then there’s money.

Athens’ city leaders certainly would agree with that. Game-day weekends are a blast, and they bring in a ton of business.

Williams said hotel occupancy on football weekends increases to more than 99%, compared with 67% the rest of the year, with two-night minimums and a four-times-higher average daily rate (ADR). She said ADRs were four times higher for the Auburn weekend, and she expects they may increase even more for the Tennessee weekend.

You may say better Athens than Jax, and that’s your privilege, except it’s only the latter that’s paying through the nose to the schools to host the game.  And those aren’t the only two areas that would/do benefit financially, as Towers notes.

There also is a multimillion-dollar impact on St. Simons Island, Jekyll Island and Brunswick, which comprise the area in coastal Georgia known as the Golden Isles.

One other wrinkle to consider is if the SEC expands to a nine-game conference schedule once Oklahoma and Texas are in the fold.  That stands to add an extra SEC home game every other season, regardless of where the WLOCP is played.  More ADR, for the win!

40 Comments

Filed under Georgia Football, It's Just Bidness

Lack of leverage makes you bold.

Andy Staples‘ “athletic directors do the darnedest things” piece ($$) that uses Jimbo Fisher’s contract with TAMU as its jumping off point is a hoot to read, but Andy buried the lede.

… It was Woodward who fired Sumlin after the 2017 season. By that time, Woodward already had targeted Fisher. He wanted a coach who was a proven national title competitor. A “rare-air coach,” as Woodward termed it while working at Texas A&M.

At the time, only four working coaches had won a national title. Saban, Swinney and Ohio State’s Urban Meyer weren’t going anywhere (as far as anyone knew at the time). That left Florida State’s Fisher, who had been embroiled in conflict for several years with the Seminoles’ administration. Still, despite the issues, Florida State was a very good job. Woodward knew he had no leverage, so he offered Fisher a fully guaranteed, 10-year, $75 million contract. Woodward told me in 2018 that he’d been authorized to offer more, but Fisher accepted that deal.   [Emphasis added.]

What?  Jimmy Sexton left money on the table?  Inconceivable.

Good thing he recouped it when Woodward moved to LSU and used that threat to get the Aggies’ boosters to up the ante.  Useful idiots are useful.

18 Comments

Filed under It's Just Bidness, Jimmy Sexton is the Nick Saban of agents and is Nick Saban's agent

The $95 million man

We may look back on Jimbo Fisher’s contract as Jimmy Sexton’s masterpiece.

51 Comments

Filed under It's Just Bidness

Nice work, if you can get it.

USA Today compiled a list of the top 5 most overpaid coaches in college football today.  See if you can guess who’s there without peeking first.

49 Comments

Filed under It's Just Bidness