Rhoads' buyout is a lump sum of $750,000 per season remaining on his contract plus $300,000 payable in 2018. So if he were fired at the end of this season, we'd need to cut him a check for $4.5 million. I think that would put some strain on what is the 10th-largest athletic budget in the Big 12 without significant donor support.
I don't think money will be an issue with this. Especially if we end the season with 2 wins. The longer the program sits in the sewer, the harder it is going to be to pull it back out again. The cost of lost ticket sales and fan excitement over the next decade is what's at stake, not just next year. At this point, there is no way you keep Rhoads, unless you are just willing to pack in the football program and call it a day.
I know 4.5 million is a lot of money, but you can always look at it as that's probably what we'd have had to pay Hoiberg this year if he'd have stayed. The money is out there if we need it. And this is one of those situations where you break the piggy bank. Because to continue down this path will be very bad for the future of ISU football and the whole department in general.