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Topic: A good way to spend money
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giacomo
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Posted: 11/12/2023 9:58 AM
https://www.espn.com/college-football/story/_/id/38880082...

Jimbo Fisher expected to be fired today. His buyout is 70+ million. They are 6-4.
Pataskala
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Posted: 11/12/2023 1:57 PM
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
We will get by.
We will get by.
We will get by.
We will survive.

colobobcat66
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Posted: 11/12/2023 2:27 PM
Pataskala wrote:expand_more
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
I doubt much of that comes from the university that’s not paid back by donors but I may be wrong

It’s a waste of money anyway and shows the state of the new college athletics landscape.
Last Edited: 11/12/2023 4:17:30 PM by colobobcat66
BillyTheCat
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Posted: 11/12/2023 7:42 PM
Pataskala wrote:expand_more
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
Ain't none of that money coming from the state or school budget. But good try.
Pataskala
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Posted: 11/12/2023 9:49 PM
BillyTheCat wrote:expand_more
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
Ain't none of that money coming from the state or school budget. But good try.
It's not so much WHERE the money comes from as what it's used for. It's appalling that these donors didn't give that $77 million to programs that help the needy in the state.
We will get by.
We will get by.
We will get by.
We will survive.

OhioCatFan
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Posted: 11/12/2023 10:20 PM
Pataskala wrote:expand_more
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
Ain't none of that money coming from the state or school budget. But good try.
It's not so much WHERE the money comes from as what it's used for. It's appalling that these donors didn't give that $77 million to programs that help the needy in the state.
I would agree with this idea. A little proportionality would be nice! Maybe a few million for the coach, and $50 million for job training programs to lift the poor out of poverty, and the remaining millions for your favorite charity.
The only BLSS Certified Hypocrite on BA

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L.C.
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Posted: 11/12/2023 11:15 PM
Pataskala wrote:expand_more
It's not so much WHERE the money comes from as what it's used for. It's appalling that these donors didn't give that $77 million to programs that help the needy in the state.

I really don't care in the least where these donors spend their money. What I do care about is whether it is tax deductible. To the extent that it is tax deductible, it forces government to pay for part of it.
“We have two ears and one mouth so that we can listen twice as much as we speak.” ― Epictetus
giacomo
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Posted: 11/12/2023 11:39 PM
The team is 6-4 and not a hint of scandal. Is the football program that important to pay 77M to get rid of the coach? Not to mention what you have to pay the new guy. If I had 10B I wouldn’t pony up for this. Any donor that would is a lunatic. If I were an alum they would never get another penny from me.
Andrew Ruck
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Posted: 11/13/2023 9:03 AM
Pataskala wrote:expand_more
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
Ain't none of that money coming from the state or school budget. But good try.
It's not so much WHERE the money comes from as what it's used for. It's appalling that these donors didn't give that $77 million to programs that help the needy in the state.
Whose to say they don't give that to the needy too? You know nothing about the finances of whoever or whatever went into this.
Andrew Ruck
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GoCats105
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Posted: 11/13/2023 11:08 AM
giacomo wrote:expand_more
The team is 6-4 and not a hint of scandal. Is the football program that important to pay 77M to get rid of the coach? Not to mention what you have to pay the new guy. If I had 10B I wouldn’t pony up for this. Any donor that would is a lunatic. If I were an alum they would never get another penny from me.
You don't offer the man the contract they did with the buyout they did unless they knew they could pay their way out of it.

The bigger question is: who do they get next? Because they're also going to have to pay THAT coach's buyout to get him to leave the current school, PLUS his new salary, PLUS new assistants salaries'.

Dan Lanning at Oregon is being mentioned, but Oregon put a hefty buyout on his contract after they lost two head coaches in a row to other schools (Taggart and Cristobal).

Mike Elko is the former DC at Texas A&M and has completely turned Duke around. He might be the cheapest option.
Pataskala
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Posted: 11/13/2023 11:41 AM
Andrew Ruck wrote:expand_more
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
Ain't none of that money coming from the state or school budget. But good try.
It's not so much WHERE the money comes from as what it's used for. It's appalling that these donors didn't give that $77 million to programs that help the needy in the state.
Whose to say they don't give that to the needy too? You know nothing about the finances of whoever or whatever went into this.
Until we know more about them, the only thing we do know is that they gave $77 million to get a football coach fired. That money would have helped a lot of people who need it badly.
We will get by.
We will get by.
We will get by.
We will survive.

Ohio69
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Posted: 11/13/2023 6:54 PM
Maybe they should have raised $77 million for player salaries… er… NIL deals….. instead… instant national champs ….
Can somebody hit a pull up jumper for me?.....
Last Edited: 11/13/2023 6:55:16 PM by Ohio69
colobobcat66
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Posted: 11/13/2023 10:01 PM
BillyTheCat wrote:expand_more
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
Ain't none of that money coming from the state or school budget. But good try.
It turns out that the fan support organization is only paying for the first year and the athletic department is paying out of their budget in the following years according to the AD. I would have not guessed that either.
BillyTheCat
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Posted: 11/14/2023 11:29 AM
Ohio69 wrote:expand_more
Maybe they should have raised $77 million for player salaries… er… NIL deals….. instead… instant national champs ….
They already have the top or one of the top NIL programs in the nation. Remember the name calling Saban did because he was losing kids to A&M on their way to the #1 recruiting class in 2022.

https://www.on3.com/nil/news/texas-am-aggies-football-jim... /
Mike Johnson
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Posted: 11/14/2023 11:32 AM
BillyTheCat wrote:expand_more
Maybe they should have raised $77 million for player salaries… er… NIL deals….. instead… instant national champs ….
They already have the top or one of the top NIL programs in the nation. Remember the name calling Saban did because he was losing kids to A&M on their way to the #1 recruiting class in 2022.

https://www.on3.com/nil/news/texas-am-aggies-football-jim... /
FYI...Today's New York Times has an insightful article on the mega-buyout.
http://www.facebook.com/mikejohnson.author
BillyTheCat
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Posted: 11/14/2023 11:32 AM
colobobcat66 wrote:expand_more
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
Ain't none of that money coming from the state or school budget. But good try.
It turns out that the fan support organization is only paying for the first year and the athletic department is paying out of their budget in the following years according to the AD. I would have not guessed that either.
curious where you read that? I've only seen that the department and the 12th Man club would be paying the buyout, not the breakdown.
cc-cat
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Posted: 11/14/2023 11:42 AM
Pataskala wrote:expand_more
Until we know more about them, the only thing we do know is that they gave $77 million to get a football coach fired. That money would have helped a lot of people who need it badly.
I'm disappointed you went out to dinner recently. That money could have been better used at a food bank.
colobobcat66
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Posted: 11/14/2023 11:47 AM
BillyTheCat wrote:expand_more
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
Ain't none of that money coming from the state or school budget. But good try.
It turns out that the fan support organization is only paying for the first year and the athletic department is paying out of their budget in the following years according to the AD. I would have not guessed that either.
curious where you read that? I've only seen that the department and the 12th Man club would be paying the buyout, not the breakdown.
He said that at a Sunday news conference. I found when I searched source of funds.
BillyTheCat
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Posted: 11/14/2023 1:40 PM
colobobcat66 wrote:expand_more
Michigan's next coach?

It's nice to know the state of Texas has poverty and other social problems so under control that one of its public schools can pay a football coach $77 million to not to work.
Ain't none of that money coming from the state or school budget. But good try.
It turns out that the fan support organization is only paying for the first year and the athletic department is paying out of their budget in the following years according to the AD. I would have not guessed that either.
curious where you read that? I've only seen that the department and the 12th Man club would be paying the buyout, not the breakdown.
He said that at a Sunday news conference. I found when I searched source of funds.
Thanks! Interesting that the State Legislature doesn't have anything to say about that!
GoCats105
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Posted: 11/14/2023 2:02 PM
Dan Lanning told the press he's not going anywhere in his weekly conference last night. Famous last words.
D.A.
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Posted: 11/14/2023 4:23 PM
I love it when people opine on how/why others should spend their discretionary income. Please, tell us more...
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Andrew Ruck
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Posted: 11/14/2023 5:03 PM
cc-cat wrote:expand_more
Until we know more about them, the only thing we do know is that they gave $77 million to get a football coach fired. That money would have helped a lot of people who need it badly.
I'm disappointed you went out to dinner recently. That money could have been better used at a food bank.
Exactly. People always draw the line just above their wealth and lifestyle for what is acceptable.
Andrew Ruck
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Deciduous Forest Cat
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Posted: 11/14/2023 5:07 PM
Andrew Ruck wrote:expand_more
Until we know more about them, the only thing we do know is that they gave $77 million to get a football coach fired. That money would have helped a lot of people who need it badly.
I'm disappointed you went out to dinner recently. That money could have been better used at a food bank.
Exactly. People always draw the line just above their wealth and lifestyle for what is acceptable.
People do it just as much below their wealth line too. "how dare that person use food stamps to buy name brand cereal!!??"
BillyTheCat
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Posted: 11/14/2023 6:51 PM
D.A. wrote:expand_more
I love it when people opine on how/why others should spend their discretionary income. Please, tell us more...
+1
OhioCatFan
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Posted: 11/14/2023 9:23 PM
BillyTheCat wrote:expand_more
I love it when people opine on how/why others should spend their discretionary income. Please, tell us more...
+1
+2
The only BLSS Certified Hypocrite on BA

"It is better to be an optimist and be proven a fool than to be a pessimist and be proven right."

Note: My avatar is the national colors of the 78th Ohio Veteran Volunteer Infantry, which are now preserved in a climate controlled vault at the Ohio History Connection. Learn more about the old 78th at: http://www.78ohio.org
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