RUMOR - Ferentz Out Of Running
- Thread starter Jer
- Start date
Obviously, after my last post on this thread it was announced that Miles had signed the amended contract so the Board could approve it (which happened).
The interesting thing is that it is truly an amended contract (not a new contract) and all Miles really got in addition to what his original contract spelled out was some bonus money ($250,000) that he can distribute amongst his assistants and some additional years on the contract.
All of the additional money everyone is talking about was already part of the contract. His contract has some "escalator clauses" that say he must be in the top 3 paid coaches in the SEC if he wins the SEC Championship (which he just did) and that he must be in the top 3 in the country if he wins the National Championship (which is still on the table to win). Tuberville is renegotiating his contract and the details are not final so the top 3 SEC money is not certain yet and, obviously, LSU has yet to win the National Championship so that money is not certain.
To my knowledge, the amended contract still includes one specific coach buyout (that has not changed)...one for the University of Michigan.
At any rate, both Miles supporters and Miles detractors down here are happy because they do not want this to become a distraction to coaches or players as they prepare to play Ohio St. He is also getting some credit for not leveraging LSU for more money than was already in the contract.
However, the thought that runs through my mind is simply this...LSU and Miles have had a signed contract in place all through this process. Now they have signed an amended contract. Nothing has changed...it's not like Miles has been working without a contract. The bottom line is that these coaching changes occur all the time with signed contracts in place. Having said that, I cannot believe Michigan would wait until after 1/7/08 to name their new coach.
don't know if this has been posted yet but i heard on rivals this morning that michigan has permission to speak with greg schianno the rutgers head coach-i would be surprised if he spurned miami last year where i believe he got his start, and then bolted to michigan this year. if he was going to leave that program i would have thought it would have been to go back to the u
The reality is that Michigan has significantly more resources...money, facilities, tradition, alumni, tradition, etc. than Miami. Miami has had great teams over the past 20 years or so but they were able to capitalize on a tremendous talent base in Florida during that time while only really having to compete with Florida and FSU.
Now they have to compete with Florida, FSU, USF, Central Florida, FIU, FAU...a growing number of instate schools. And while others have been seriously upgrading facilities...Miami has not. There are HS teams in Louisiana that have better facilities than Miami has (I know from kids that went on recruiting trips). UCF just built a new football stadium for example.
Miami is a smaller school with a smaller alumni base and they just have not kept up in the facilities "arms race"...this, along with the increased competition for the local kids does note bode well for them long term unless they do something about their facilities.
Rutgers coach Schianno announced today he is out of the running also. Jim Grobe said that yesterday. Brian Kelly is fixated in Cincy.
Maybe Jim Harbaugh might move into the picture. Kirk Herbstrit could be his OC.
Maybe Dan or Bill will get an offer.
Maybe Jim Harbaugh might move into the picture. Kirk Herbstrit could be his OC.
Maybe Dan or Bill will get an offer.
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as many damn players as they have in the nfl, you would think that they would be able to raise money relatively easily. why wouldn't they just hit some of them guys up for money? i know that most would probably not give a whole lot, but come on, they have 100 guys making millions playing on sundays.
I think they are starting to do that...trying to get their always vocally supportive alumni to put their money where their mouth is. If I recall, The Rock (I can't remember his real name) recently contributed some big money for facilities...he played at Miami.
It is the policy of CK and his agent not to comment because they like the uncertainty - it fattens their wallets. That is why he is the most overpaid coach in the world.
Yeah, but that contract which pays him so much was on the heels of 3 very successful seasons at iowa. Not the case now.
Neither KF nor his agent can reasonably believe that having KF's name tossed about can possibly make him more money - at least at iowa. He's more likely burning bridges there as a decent portion of the fanbase is already calling for him to be let go - plenty more rumbling about it all.
How could he possibly expect to get more money out of any of this? Unless he's genuinely interested in going somewhere else.
Iowa just picked up a 3rd recruit this week, and has reportedly been telling recruits that there is no way he's leaving Iowa. FWIW
No, I really don't think it is. Schiano was offered 2.2 to go to Miami last year, but turned it down. I'm sure the terms were at least that for the Michigan job. Both pay significantly more than he's currently making. Michigan can afford to pay as much as anyone in the nation. They play in the Big 10, and have way more money at their disposal than Iowa does. Hell their gate alone is 30-40k more fans per game than Iowa's. That job is just not very attractive to the current slate of 'worthy' coaches at the moment, and I really don't think it has anything to do with the compensation package at this point.
