All FB coaching rumors and speculation
- Thread starter Beach_Tornado
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Thanks, so it is basically a way of ISU showing him that they are fully invested in him and won't fire him under contract is how I read that. But if another job comes a calling then we get 4M to put in our new coach fund raiser. interesting contract.
I have heard second hand information regarding how Campbell's compensation is set up now, and it very much suggests he doesn't spend but a fraction of his current salary. Lots of deferred compensation and such. He could retire today and be rich for life.
That doesn't mean that crazy money wouldn't interest him. However, I used to talk to someone on the staff fairly often. Let's just say that generational wealth does not really seem to be an appeal, and he would not see dropping a bunch of wealth on to his kids as a big positive in helping them develop happy productive lives. I think is a true believer in the idea that purpose and overcoming challenge is necessary in a fulfilling life. It's not just coach speak.
FWIW, he initiated small talk with me when at the hotel for Big 12 media day in year two or three of his ISU stint.
Okay, you last sentence clarified the difference. I never mentioned worried about money. People making those dollar figures don’t worry about money, they just spend. Their sorry is accumulating. That is the driver
It’s sounds hard to imagine but I’ve seen it. People who make 250-400 or so a year sometimes think they make good money but it’s not what they talk about when making real money. Real money is when you go buy something, anything, that may cost 50k just because it amuses you. People with 50MM to 100 MM worths are at different levels than most of us. That is when generational wealth happens. Dave Ramsey talking about millionaires and that is supposed to be big? It isn’t, it’s nice, but it isn’t big.
We may think it’s hard to spend a million a year but it’s far from difficult if money is not worried about
Put USC in UCLA’s location and I’m not sure they’d ever lose a recruit.
What those contact terms say is that Pollard trusts him. CMC has always returned that trust.
I'd hope the buyout could be reviewed and adjusted higher, mainly because other coaches have raised theirs. If you ever get in a situation where someone does buy out CMC's deal, you want to be able to have the money to buy out whomever you go after. This is moot maybe if you hire in-house, but a reasonable buyout number can give you flexibility and options when looking where you go next.
I'd hope the buyout could be reviewed and adjusted higher, mainly because other coaches have raised theirs. If you ever get in a situation where someone does buy out CMC's deal, you want to be able to have the money to buy out whomever you go after. This is moot maybe if you hire in-house, but a reasonable buyout number can give you flexibility and options when looking where you go next.
This isn’t an interesting contract at all. It’s very standard.
$1 million a year is spending $2,739.73 a day. I don’t care how nonchalant you are about money that isn’t easy. Possible but not easy. Generational wealth is more than just a million but not necessarily that much more. If you have $5 million invested you can take an endowed withdrawal and still earn $250,000 a year. We are getting off topic though so I will leave it at that.
As others have said, it's more just the way contracts are written in the industry. Coaches get guaranteed money to take the job. I would like to see his buyout to leave increased. That way we have money to buyout his replacement's contract.
I guess the interesting part to me was the fact that ISU has him in the top 5 payouts for being fired. Just shows a lot of commitment for a school that doesn't have that kind of money. So that translates to you are here until you don't want to be here.
Keep in mind while at Pitt as a player, Coach Campbell was seeing varsity playing time early in his career, yet he transferred to Division 3 Mount Union & views that as a very, very positive move in his career & life (probably way more for the latter than the former) To those thinking his mantra is all 'coach-speak', I beg to differ.
Minn vs Iowa vs Wisc vs Nebraska vs Purdue will all be like pickems with the home team eking out wins. As long as Martinez is QB I think Nebraska falls short on the eking out. So, start Campbell to Nebraska in 2023.
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I had heard this before, too (that he did a lot of compensation to deferred retirement, etc). I wish i was in that type of financial situation, lol..but when I do the "what if it was me" i always am reminded a guy like him also was making GREAT money prior to this (This article says $475k)....so likely could move here and already buy a home, etc. in ways most of us don't have to.
I also agree with your bolded statement and it just seems like he's set himself up to be in the position to do that at ISU without feeling like he's missing out financially.....whereas if he left and made bank, but was fired a few years later because wasn't given the time to truly establish his "process," he would be in a place to have a hefty bank account and have to reconcile trying to take an "easier" way.
Sorry to all you Jon’s out there but I can’t take you seriously if you don’t include the “h”. It’s so weird spelled with 3 letters.
