BIG OlE Contract Terms...$1 Million Signing Bonus

Discussion in 'Wrestling' started by 19Cy78, Apr 17, 2009.

  1. 19Cy78

    19Cy78 Member

    Mar 31, 2006
    279
    14
    18
    Male
    CEO
    Sad day for the last good guy sport that greed hasn't ruined, just passion for the sport dies today!

    Penn State Clips

    Note the rich guy that just ripped our heart out...****!:skeptical:

    In no way is JP at fault look at the crazy insane money that was thrown at the top leader in the sport. They don't want the nuts from iowa, they want to have a classy kid named Cael.

    Moving forward if the team holds we are still in the title hunt!
    Go State!
     
  2. jumbopackage

    jumbopackage Well-Known Member

    Sep 18, 2007
    5,484
    248
    63
    Mother of god that's a huge contract.

    I don't know how you can possibly say it was anything other than the money. That's insane money for a wrestling coach. The first year, it's at LEAST 6 times what Cael was pulling in before, and maybe more like 8-10 times.
     
  3. everyyard

    everyyard Well-Known Member

    Nov 24, 2006
    6,443
    353
    83
    Male
    good lord.
     
  4. madcityCY

    madcityCY Well-Known Member

    Nov 29, 2006
    5,906
    137
    63
    Architect
    Madison, WI
    If this holds, I can understand him leaving (understand, but doesn't mean I like it) for PSU. Would be good to know there isn't something else driving Cael away from ISU.
     
  5. Tornado man

    Tornado man Well-Known Member

    Sep 16, 2007
    8,764
    266
    83
    Ames, IA
    That's just repeating the same rumors found on this site. As others have posted, Cale told reporters in Ames today he's not getting "anywhere near" $500,000, and not all that much more than he did at ISU.
     
  6. clonefromNE

    clonefromNE Active Member

    Oct 27, 2006
    466
    34
    28
    Male
    Lawrence
    so this is a blog. is it valid?
     
  7. rbrook

    rbrook Member

    Mar 23, 2006
    811
    11
    18
    Newton, IA
    Don't let anyone kid you, its all about the money.
     
  8. ericlambi

    ericlambi Well-Known Member

    Mar 24, 2006
    1,072
    37
    48
    If this turns out to be true, I guess you can't really blame him. Don't know why he claimed it wasn't much of a raise on TV, could have just admitted it.
     
  9. jumbopackage

    jumbopackage Well-Known Member

    Sep 18, 2007
    5,484
    248
    63
    He said it wasn't anywhere close..he didn't say it was less :D
     
  10. clones_jer

    clones_jer Well-Known Member

    Apr 16, 2006
    8,353
    380
    83
    IA
    What do you work for?
     
  11. rbrook

    rbrook Member

    Mar 23, 2006
    811
    11
    18
    Newton, IA
    A signing bonus is not considered a salary. He could be making about the same salary, but with that signing bonus, oh boy!!!
     
  12. ripvdub

    ripvdub Well-Known Member

    Mar 20, 2006
    7,706
    206
    63
    Sk-Ankeny
    An extra 400 thou a year is nothing for a school with a decent football program. HEll, we pay that out to coaches every year that dont even work here anymore. We could swing it.
     
  13. everyyard

    everyyard Well-Known Member

    Nov 24, 2006
    6,443
    353
    83
    Male
    really torn on this. hope it is true as it really makes cael leaving a lot easier to swallow. walking out of a room an instant $1 million richer is hard to pass up. On the other hand i hope it is not true or wrestling as we know it is done. The Lehighs of the world can forget about it, shut them down. Iowa, tOSU, and PSU can decide who wants to buy national titles more.
     
  14. rbrook

    rbrook Member

    Mar 23, 2006
    811
    11
    18
    Newton, IA
    Not enough.
     
  15. Dolokaju

    Dolokaju Member

    Jun 8, 2006
    611
    16
    18
    Isn't there a new $4 million wrestling facilility there as well? That a ton of $$$ makes it hard to turn down, don't you think?
     
  16. CYKOFAN

    CYKOFAN Well-Known Member

    Mar 27, 2006
    4,938
    114
    63
    One of the 6:00 sports broadcasters said Cael would not give ISU an opportunity to make a counter offer. Don't know if that's true or not but if it is true, sounds like Cael wanted out of here and we have to wonder why.
     
    • Like Like x 1
  17. Tornado man

    Tornado man Well-Known Member

    Sep 16, 2007
    8,764
    266
    83
    Ames, IA
    When this all shakes out, I'll bet we'll find that the Penn State money is all that much better than ISU's - then the questions will really have to start to be asked...
     
  18. CycloneErik

    CycloneErik Well-Known Member

    Jan 31, 2008
    67,792
    2,063
    113
    Grad Student
    Jamerica
    If he were to say that the annual salary isn't tremendously different, he might be technically accurate, though excluding the signing bonus leaves out a huge piece of the picture.
     
  19. rbrook

    rbrook Member

    Mar 23, 2006
    811
    11
    18
    Newton, IA
    He knew there was no way we could match, why bother. I think he feels a little bad about leaving, but he is looking out for his long term financial freedom.
     
  20. rbrook

    rbrook Member

    Mar 23, 2006
    811
    11
    18
    Newton, IA
    Exactly!!!
     

Share This Page