bigrod Posted March 8, 2021 Posted March 8, 2021 Just now, Class of '66 Old Fart said: So we divide Allen's new salary by the standard number of games played then multiply that number times the number of games in a standard basketball season and whoa Nellie even Brad Stevens can't turn that down. lol That's probably better than dividing it by the number of players he has to manage. lillurk and Josh 2
Capt. Crimson Posted March 8, 2021 Posted March 8, 2021 The Allen pay raise is certainly good optics for any prospective coaches.... Sure IU is a fishbowl, but here's the bar on what kind of money you'll be making. Indiana is a basketball school and the football coach is making 5 mill a year. Hard to believe many would pass that up.
Bowhunter Posted March 8, 2021 Posted March 8, 2021 So was Allen’s new contract what the meeting was about?Sent from my iPhone using BtownBanners mamasa 1
Hoosierfan2017 Posted March 8, 2021 Posted March 8, 2021 1 hour ago, Chris007 said: He just has to seek employment. He can interview for jobs but that doesn't mean he has to take a job. But I can't imagine Archie not wanting to coach again soon. I think the Boston College job would be a good one for him. Do you know where we could find the contract itself? I would be surprised if the mitigation clause allowed him to turn down any/all job offers that he would get. If all he has to do is interview then the clause is completely pointless.
Loaded Chicken Sandwich Posted March 8, 2021 Posted March 8, 2021 2 minutes ago, Bowhunter said: So was Allen’s new contract what the meeting was about? Sent from my iPhone using BtownBanners Wasn't there a meeting Friday? I thought today's didn't end until 11. lillurk 1
IUc2016 Posted March 8, 2021 Posted March 8, 2021 1 minute ago, Hoosierfan2017 said: Do you know where we could find the contract itself? I would be surprised if the mitigation clause allowed him to turn down any/all job offers that he would get. If all he has to do is interview then the clause is completely pointless. https://www.insidethehall.com/2017/06/27/archie-miller-to-earn-average-of-335-million-annually-on-eight-year-contract/ Contract is in the article. Hoosierfan2017 1
thebigweave Posted March 8, 2021 Posted March 8, 2021 HAHA I guess he has proven himself enough to get a interviewSay it again [emoji28] Sent from my SM-G960U1 using BtownBanners mobile app
rcbowla Posted March 8, 2021 Posted March 8, 2021 Do you know where we could find the contract itself? I would be surprised if the mitigation clause allowed him to turn down any/all job offers that he would get. If all he has to do is interview then the clause is completely pointless. True but how many jobs can you turn down after being fired before the offers stop coming? Imagine being told you're not good enough and yet still being picky about your opportunities.Sent from my SM-T500 using Tapatalk
mdiu28 Posted March 8, 2021 Posted March 8, 2021 Tom Allen's contract simply speaks to the job he's done and how many schools must have been asking about him - football schools that have money. Well deserved and IU just told him we want you here for a long time. Great decision. Doesn't mean we care more about football. Dolson isn't an idiot....at least not yet. This also puts to rest the "2020 revenue will affect buying Archie out or spending big money to get a big name". If Dolson wants to spend some $$, it'll be there one way or another. Contracts can be built in crazy ways, fellas. LIHoosier, Woodsonshump, lillurk and 1 other 4
Honkyman Posted March 8, 2021 Posted March 8, 2021 Do you know where we could find the contract itself? I would be surprised if the mitigation clause allowed him to turn down any/all job offers that he would get. If all he has to do is interview then the clause is completely pointless. _________ I haven't seen the contract. But usually mitigation clauses use language like "make reasonable effort to find comparable employment." If Archie makes reasonable efforts to land a coaching job, i.e., makes inquiries, interviews, and doesn't turn down legitimate job offers, he will have satisfied the terms of the contract whether he gets a job or not. Obviously, he can't sit on his @$$ indefinitely. But he doesn't have to accept a job that isn't comparable, i.e., he wouldn't have to accept a job at FWIPU. But he probably can't pass up a job like Penn State if offered. Hoosierfan2017 and Chris007 2
Trish Posted March 8, 2021 Posted March 8, 2021 Can we trade Archie and his contract to Penn State. I think he would do well at a football school and in his home state.
Loaded Chicken Sandwich Posted March 8, 2021 Posted March 8, 2021 4 minutes ago, Treesh said: Can we trade Archie and his contract to Penn State. I think he would do well at a football school and in his home state. That pretty much gurantees we would never beat Penn State. Because that's just our luck. lillurk 1
Hoosierfan2017 Posted March 8, 2021 Posted March 8, 2021 14 minutes ago, Honkyman said: Do you know where we could find the contract itself? I would be surprised if the mitigation clause allowed him to turn down any/all job offers that he would get. If all he has to do is interview then the clause is completely pointless. _________ I haven't seen the contract. But usually mitigation clauses use language like "make reasonable effort to find comparable employment." If Archie makes reasonable efforts to land a coaching job, i.e., makes inquiries, interviews, and doesn't turn down legitimate job offers, he will have satisfied the terms of the contract whether he gets a job or not. Obviously, he can't sit on his @$$ indefinitely. But he doesn't have to accept a job that isn't comparable, i.e., he wouldn't have to accept a job at FWIPU. But he probably can't pass up a job like Penn State if offered. So I looked at the contract and it states . . . The Employee is required to mitigate University's obligations under Section 6.02.G by making reasonable and diligent efforts (under the circumstances and opportunities then prevailing) to obtain a comparable employment position as soon as practicable following such termination. Comparable employment position shall include, but not be limited to, employment (1) as a head coach or assistant coach in the professional or collegiate ranks, (2) in any athletics-related media position, (3) in a professional or administrative position with an athletics-related governing body, or (4) in another similar athletics-related position. I highly doubt it'll be an issue, both because Archie doesn't seem like the type of guy who just wants to sit around doing nothing and because I don't think he wants to risk violating the contract and losing $10 million. HoosierTrav, Chris007, lillurk and 1 other 4
lillurk Posted March 8, 2021 Posted March 8, 2021 7 minutes ago, Hoosierfan2017 said: So I looked at the contract and it states . . . The Employee is required to mitigate University's obligations under Section 6.02.G by making reasonable and diligent efforts (under the circumstances and opportunities then prevailing) to obtain a comparable employment position as soon as practicable following such termination. Comparable employment position shall include, but not be limited to, employment (1) as a head coach or assistant coach in the professional or collegiate ranks, (2) in any athletics-related media position, (3) in a professional or administrative position with an athletics-related governing body, or (4) in another similar athletics-related position. I highly doubt it'll be an issue, both because Archie doesn't seem like the type of guy who just wants to sit around doing nothing and because I don't think he wants to risk violating the contract and losing $10 million. I would imagine this is a negotiating point if you separate, too. E.g. “I’ll settle for $5M if you waive the offset/mitigation clause.” Hoosierfan2017 1
Honkyman Posted March 8, 2021 Posted March 8, 2021 Hoosierfan2017 said: I highly doubt it'll be an issue, both because Archie doesn't seem like the type of guy who just wants to sit around doing nothing and because I don't think he wants to risk violating the contract and losing $10 million. __________ Agree. These clauses almost never become an issue because college coaches are not the kind of people to sit around and do nothing but collect a check. Archie in particular is a young man and will want to go out and try to rehabilitate his reputation as quickly as possible. Like Tom Crean, he may try his hand as an analyst to give him time to reflect on what went wrong. But he isn't going to deliberately violate the terms of his deal with IU because that would raise questions about his character. Hoosierfan2017 1
lillurk Posted March 8, 2021 Posted March 8, 2021 The Allen # sounds big but per Osterman it’s a raise of less than $1M for next year. So this should in no way impact hoops negatively, and in fact might have a slight benefit of indicating IU is serious and will pay for success. Bobman1, MemphisHoosier, Stuhoo and 1 other 4
Hoosierfan2017 Posted March 8, 2021 Posted March 8, 2021 5 minutes ago, lillurk said: The Allen # sounds big but per Osterman it’s a raise of less than $1M for next year. So this should in no way impact hoops negatively, and in fact might have a slight benefit of indicating IU is serious and will pay for success. There’s no way we cheap out on a basketball coach when we’re paying our football coach $5 million a year, imo. Tom Allen has done a helluva job and deserves every penny, but basketball will always be king at IU. Scott Dolson knows that as well as anyone. You aren’t going to be paying the basketball coach $3 million a year when the football coach is getting way more. I expect our new basketball coach to be getting as much advanced Allen at the minimum. This news today tells me that Dolson isn’t screwing around and is more than willing to put up money to get what he wants. thebigweave, taco corp, LIHoosier and 3 others 6
IUrocker Posted March 8, 2021 Posted March 8, 2021 3 minutes ago, Hoosierfan2017 said: There’s no way we cheap out on a basketball coach when we’re paying our football coach $5 million a year, imo. Tom Allen has done a helluva job and deserves every penny, but basketball will always be king at IU. Scott Dolson knows that as well as anyone. You aren’t going to be paying the basketball coach $3 million a year when the football coach is getting way more. I expect our new basketball coach to be getting as much advanced Allen at the minimum. This news today tells me that Dolson isn’t screwing around and is more than willing to put up money to get what he wants. Agreed, and definitely makes the thought of who Dolson will be trying to go after pretty exciting, knowing this is showing signs of him willing to pay the big bucks. Like you said, no way the basketball coach will make less than Allen. Dolson is a basketball guy and he’s going to want to make this hire with his name on it a good one. Hoosierfan2017 and thebigweave 2
HoosierFan1994 Posted March 8, 2021 Posted March 8, 2021 I take it as really good news that Indiana gave Tom Allen a well deserved raise. I think that squashes the narrative that IU needs to be cheap on this new hire for basketball. lillurk 1
Chris007 Posted March 8, 2021 Posted March 8, 2021 11 minutes ago, Hoosierfan2017 said: There’s no way we cheap out on a basketball coach when we’re paying our football coach $5 million a year, imo. Tom Allen has done a helluva job and deserves every penny, but basketball will always be king at IU. Scott Dolson knows that as well as anyone. You aren’t going to be paying the basketball coach $3 million a year when the football coach is getting way more. I expect our new basketball coach to be getting as much advanced Allen at the minimum. This news today tells me that Dolson isn’t screwing around and is more than willing to put up money to get what he wants. I totally agree with you, but Allen was already the top paid person at IU even before this raise. HoosierTrav, 323SGrant, lillurk and 3 others 6
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