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  1. #1
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    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
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    Re: McDermott Salary tidbit

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


    @RandomGeoFacts

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    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.



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    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
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    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
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    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
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    Re: McDermott Salary tidbit

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



  8. #8
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    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.



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    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
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    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
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    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.



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    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.



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    Re: McDermott Salary tidbit

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



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    Re: McDermott Salary tidbit

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



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    Re: McDermott Salary tidbit

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


    CFH HMagic bball season next year.
    Let my Fred's Four Horsemen ride: Georges, Hogue, Nader, and McKay.

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