The people most mad are the ones who were making and spreading BS all this past week to show how "connected" they are. Very little of that on the premium board.
Prohm Fired
- Thread starter ChickenNuggetMan
- Start date
The people most mad are the ones who were making and spreading BS all this past week to show how "connected" they are. Very little of that on the premium board.
It was a curious statement.
Maybe Jamie wants to pull a Bobby Bonilla. See if a coach would be willing to recieve $1.5M a year during his contract, but have $5M of payments deferred until after contract.
I shouldn’t disparage the premium board as I don’t know what is shared there. You’re right it’s a select few of ass hats who claim they know something and their BS becomes accepted truth by many.
Thad, the University is in a position to offer you a large section of Iowa land, prime for building numerous wind generators. Your income will be spread out over 20 to 30 years. Just sign here . . .
Yeah the premium board has not been wrong about anything that I am aware of.
I confess I'm no accountant or CFO, but creative financing I'm sure is absolutely required here. There's truth in every lie.
I'll take his word that a donor or two are not paying Prohm's buyout, but creativity I'm sure is in play with athletic department financing across the board when you've just secured a $20M loan for covid-era shortfalls in the same season you decide on a coaching change for a single sport of your department that contractually requires a buyout equal to 25% of the loan you just received.
So no, John Do-nor did not step in and pay Prohm out of the building, but there will likely be donor activity in many other areas to allow Jamie's team some flexibility with bringing success back to Hilton.
I'll take his word that a donor or two are not paying Prohm's buyout, but creativity I'm sure is in play with athletic department financing across the board when you've just secured a $20M loan for covid-era shortfalls in the same season you decide on a coaching change for a single sport of your department that contractually requires a buyout equal to 25% of the loan you just received.
So no, John Do-nor did not step in and pay Prohm out of the building, but there will likely be donor activity in many other areas to allow Jamie's team some flexibility with bringing success back to Hilton.
In addition to what Urb said, there is also the negotiation aspect. When you are negotiating a price for something, you don't run around yelling "I have lots of free money in my pocket!"
After the fact, yeah, sure, you say someone else paid for it. People who don't understand the word "fungible" will think you are saving money.
It is nice to get some insights and it is much easier to find valuable posts on that board. No trolls or idiots. I like it. I would suggest at least trying it out. I am guessing we are going to get to hear some stuff over the coming weeks.
I have not read through all the posts but this one resonates best with me. There are times you need to control the narrative and not for sinister reasons. If you are a leader negotiating an acquisition, launching a new product, discontinuing a product, hiring a coach, etc., you absolutely need to control the narrative. Rumors can submarine good intentions before given a chance, Too often we see candidates pull out, individuals resign, half baked decisions due to the pressure of social media. It's great everyone has an opinion but, quite frankly, our opinions are not important to the final outcome. IMHO, Pollard should communicate often on process, without tipping his hand, until the decision is final.
Jamie communicating during the hiring process would be appreciated by Cyclone fans.
He doesn't have to name names or anything, just a sentence like I have been overwhelmed by the interest that coaches from around the country have shown in our open coaching position. That type of message assures the fans that ISU is a good job and we will get a good coach, whoever that may be.
"creative financing" means just that. They are shuffling funds around from left to right and current to future, etc. Which is smart.
It might mean Prohm gets buyout now, and donors are giving $500k per year for 5 years (or something like that). AD finances the rest.
It also might mean Prohm is getting a bigger buyout, but spread over 20 years plus some interest.
Point is, none of us know for sure, its all speculation. But I do trust JP to do smart financial things.
It might mean Prohm gets buyout now, and donors are giving $500k per year for 5 years (or something like that). AD finances the rest.
It also might mean Prohm is getting a bigger buyout, but spread over 20 years plus some interest.
Point is, none of us know for sure, its all speculation. But I do trust JP to do smart financial things.
I doubt he's going to say anything until he appears with a coach at his side and I don't expect its going to take very long anyway.
You're correct in that it probably won't take too long. Fans are concerned now after an 0 fer in the conference about how attractive the ISU job is, I think it would ease a lot of fans' minds if they knew JP was getting favorable responses to inquiries.
I'm getting agitated. I've emailed Jamie three times for a coaching search update, and no response. We need information!
You're not doing it right. You need to send him a $1,000,000 check before emailing that type of request.
While I don't disagree with everything you said, people need to sometimes realize that nobody is a saint. I believe what Jamie is doing is more like spin and not necessarily lying. There is a minutia and art with how to create spin on pretty much anything.
Unfortunately as someone who manages some bigger things for a large company, I've had to do this more times than I care to admit. There are times it's sounded like I'm lying but the thing I'm spinning on is so minute that it's a crazy technicality.
I don't know Jamie, and I like him, but someone who is legitimately wealthy ($30M+) and a donor doing what the rumor is wouldn't surprise me at all. In my opinion, it's not that far fetched if you are talking about someone who has enough money, or a few people.
We are not downsizing. We're moving all of the local jobs to China, but there are still going to be the same number of jobs.
