Page 1 of 2 12 LastLast
Results 1 to 15 of 27
  1. #1
    Prospect
    Points: 6,337, Level: 23
    Level completed: 58%, Points required for next Level: 213
    Overall activity: 4.0%
    Achievements:
    Veteran5000 Experience Points

    Join Date
    Apr 2010
    Location
    Ames
    Posts
    12
    Points
    6,337
    Level
    23
    Thumbs Up
    Received: 0
    Given: 0

    McDermott Salary tidbit

    I heard this directly from an extremely high-level University official: that in fact McDermott's new salary is not the $9 million over 10 years that the Omaha World-Herald originally reported, but in fact $14 million for 10 years. From another individual, (this might be common knowledge and/or already has been posted) apparently the reason that Creighton ended up paying the entire $800K buyout was that if they tried to negotiate it lower, the full terms of McD's new contract would have to be disclosed. As a private Catholic Jesuit school, they don't have to release contract details unless they negotiate them to new terms; then they must be disclosed. The second part I don't know for sure, but it would lead one to believe that the first part is true...

    just some food for thought...



  2. #2
    Asst. Regional Manager
    Points: 300,754, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 65.0%
    Achievements:
    SocialVeteran50000 Experience Points
    mj4cy's Avatar
    Join Date
    Mar 2006
    Location
    Ankeny
    Posts
    20,249
    Points
    300,754
    Level
    100
    Thumbs Up
    Received: 2,386
    Given: 1,637

    Re: McDermott Salary tidbit

    10 years...wow. a lot can happen in that time.


    @RandomGeoFacts

  3. #3
    Speechless
    Points: 279,505, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 29.0%
    Achievements:
    Veteran50000 Experience Points
    Cydkar's Avatar
    Join Date
    Apr 2006
    Posts
    17,607
    Points
    279,505
    Level
    100
    Thumbs Up
    Received: 1,757
    Given: 1,511

    Re: McDermott Salary tidbit

    Say what you want about the contract amount, I'm of the opinion that the length of the contract is what's freaking crazy.



  4. #4
    Speechless
    Points: 298,934, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 35.0%
    Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience Points
    chuckd4735's Avatar
    Join Date
    Mar 2006
    Posts
    17,392
    Points
    298,934
    Level
    100
    Thumbs Up
    Received: 2,448
    Given: 493

    Re: McDermott Salary tidbit

    Who cares. Hes gone, we don't have to worry about a buyout, and we made 800K in the process!



  5. #5
    Hall-Of-Famer
    Points: 98,033, Level: 97
    Level completed: 50%, Points required for next Level: 1,017
    Overall activity: 13.0%
    Achievements:
    Veteran50000 Experience Points
    gogagig's Avatar
    Join Date
    May 2008
    Posts
    4,898
    Points
    98,033
    Level
    97
    Thumbs Up
    Received: 995
    Given: 383

    Re: McDermott Salary tidbit

    I'd be interested to see his buyout clause. If after 4 years they decide it's not working out...



  6. #6
    Addict
    Points: 100,944, Level: 98
    Level completed: 95%, Points required for next Level: 106
    Overall activity: 8.0%
    Achievements:
    Veteran50000 Experience Points
    Frak's Avatar
    Join Date
    Apr 2009
    Posts
    6,016
    Points
    100,944
    Level
    98
    Thumbs Up
    Received: 287
    Given: 169

    Re: McDermott Salary tidbit

    Quote Originally Posted by Cydkar View Post
    Say what you want about the contract amount, I'm of the opinion that the length of the contract is what's freaking crazy.
    Yeah, I think that they're crazy. I think that AD is swimming in water that's a little too deep for him. Things go bad there and that buyout will cost him his job.



  7. #7
    Pro
    Points: 51,668, Level: 70
    Level completed: 37%, Points required for next Level: 882
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    AlleyAddict's Avatar
    Join Date
    Jan 2010
    Location
    Ames
    Posts
    2,609
    Points
    51,668
    Level
    70
    Thumbs Up
    Received: 1
    Given: 0

    Re: McDermott Salary tidbit

    I would love to suck at my job and get paid $1.4 mil for ten years



  8. #8
    Legend
    Points: 403,606, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 26.0%
    Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience Points
    bos's Avatar
    Join Date
    Apr 2006
    Posts
    24,874
    Points
    403,606
    Level
    100
    Thumbs Up
    Received: 1,814
    Given: 1,357

    Re: McDermott Salary tidbit

    Quote Originally Posted by AlleyAddict View Post
    I would love to suck at my job and get paid $1.4 mil for ten years

    Be happy just sucking at yours for what you make. The grass isnt always greener.



  9. #9
    Hall-Of-Famer
    Points: 67,843, Level: 80
    Level completed: 88%, Points required for next Level: 207
    Overall activity: 8.0%
    Achievements:
    SocialVeteran50000 Experience Points
    cyfanatic's Avatar
    Join Date
    Oct 2006
    Location
    Cedar Rapids, Iowa
    Posts
    4,199
    Points
    67,843
    Level
    80
    Thumbs Up
    Received: 88
    Given: 1,502

    Re: McDermott Salary tidbit

    Can't and won't reveal my source of info...but I was led to believe by someone close to the situation that GMac would be making slightly more money had he stayed at ISU and fulfilled his contract. He negated the money aspect of this situation and said it was a wash.

    Due to the first part of my statement above...take it for what it's worth.



  10. #10
    Pro
    Points: 51,668, Level: 70
    Level completed: 37%, Points required for next Level: 882
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    AlleyAddict's Avatar
    Join Date
    Jan 2010
    Location
    Ames
    Posts
    2,609
    Points
    51,668
    Level
    70
    Thumbs Up
    Received: 1
    Given: 0

    Re: McDermott Salary tidbit

    Quote Originally Posted by bos View Post
    Be happy just sucking at yours for what you make. The grass isnt always greener.
    haha well I'm in college so I guess I dont have a job to suck at... yet.



  11. #11
    Legend
    Points: 403,606, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 26.0%
    Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience Points
    bos's Avatar
    Join Date
    Apr 2006
    Posts
    24,874
    Points
    403,606
    Level
    100
    Thumbs Up
    Received: 1,814
    Given: 1,357

    Re: McDermott Salary tidbit

    Quote Originally Posted by AlleyAddict View Post
    haha well I'm in college so I guess I dont have a job to suck at... yet.

    Someday. Stay positive.



  12. #12
    Rookie
    Points: 12,108, Level: 33
    Level completed: 23%, Points required for next Level: 542
    Overall activity: 0%
    Achievements:
    SocialVeteran10000 Experience Points
    khess83's Avatar
    Join Date
    Jan 2009
    Location
    Beaverdale-Des Moines, IA
    Posts
    589
    Points
    12,108
    Level
    33
    Thumbs Up
    Received: 0
    Given: 0

    Re: McDermott Salary tidbit

    Quote Originally Posted by chuckd4735 View Post
    Who cares. Hes gone, we don't have to worry about a buyout, and we made 800K in the process!
    Exactly we netted $2.8M. That is a big deal, and now can afford to pay a new coach a little more. Although I am sure Jamie won't back himself into a corner similar to the way he did with McD.

    Best of luck to McD though.



  13. #13
    Pro
    Points: 51,668, Level: 70
    Level completed: 37%, Points required for next Level: 882
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    AlleyAddict's Avatar
    Join Date
    Jan 2010
    Location
    Ames
    Posts
    2,609
    Points
    51,668
    Level
    70
    Thumbs Up
    Received: 1
    Given: 0

    Re: McDermott Salary tidbit

    Quote Originally Posted by bos View Post
    Someday. Stay positive.
    A man's gotta have goals



  14. #14
    Legend
    Points: 403,606, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 26.0%
    Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience Points
    bos's Avatar
    Join Date
    Apr 2006
    Posts
    24,874
    Points
    403,606
    Level
    100
    Thumbs Up
    Received: 1,814
    Given: 1,357

    Re: McDermott Salary tidbit

    Quote Originally Posted by AlleyAddict View Post
    A man's gotta have goals
    Its how I get through!



  15. #15
    Speechless
    Points: 437,652, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 23.0%
    Achievements:
    SocialOverdriveVeteran50000 Experience Points
    Wesley's Avatar
    Join Date
    Apr 2006
    Location
    Omaha
    Posts
    65,717
    Points
    437,652
    Level
    100
    Thumbs Up
    Received: 1,580
    Given: 1,237

    Re: McDermott Salary tidbit

    $14M. He can buy a nice home in Omaha and grin like a Cheshire. This is good CEO money.


    Let Prohm's Posse Ride: Georges, Georgios, 3sus, Hallice, Deonte, Abdel, Monte, Matt, and McKaT.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Cyclones.TV
  • FOOTBALL: Iowa State vs. UNI
  • September 5, 2015
  • 07:00 PM