apologies if this was posted or buried inside another thread. Upon getting back from the bowl game, which other than the outcome of the game was a pretty darn good WF experience, I was catching up on items and came across the transcript from this podcast on Sports where Currie was interviewed. Nothing world breaking in terms of news in the write-up, but his acknowledgment on coaches' guaranties and the cost of credibility with the public was interesting. It is down the transcript a bit.
Here's the link: https://docs.google.com/document/d/1lr7THTpQ_7iS4DDKYNXFC5CiqYVUhXYoN8vdG3Krak0/ed
here's the comment:
"Scott Soshnick: Have things gotten, I would say, I’d say out of control that we can just say how about gone awry in that I mean, even Mark Emmert said last week that we don’t need these gold laden locker rooms. If you look at coaches’ salaries, strength coaches making million dollars a year, I mean, the money has to go somewhere. Has the enterprise itself lost some of its ability to control itself?
John Currie: There’s certainly some examples that one can point to that leave you scratching your head.
Scott Soshnick: Oh, point please, point please. You’ve been around a while point to those examples.
John Currie: Well, the, the degree of guaranteed contracts for coaches got, got out of control a number of years ago and became a market norm. And so, when you have, you know, $25 million, $30 million, $50 million, $75 million institutional liabilities extended, that’s, that’s a pretty significant liability. And I think that is an element of, of where the enterprise have lost credibility with the public.
Scott Soshnick: Yeah.
John Currie: That’s, that’s, it’s hard, hard to defend those things.
Michael Barr: I was, I was wondering I had… first when I came in, I said, “Well, this would be an easy question. As the AD, football is king pretty much at many universities and schools,” and I started thinking, it’s like, wait a minute, you know, Wake Forest, they got a pretty good men’s basketball team too. So I guess, I ask the question, where is it king? Is it king in college basketball or college football?
John Currie: Well, I’d have to say women’s golf or men’s tennis or…"
Here's the link: https://docs.google.com/document/d/1lr7THTpQ_7iS4DDKYNXFC5CiqYVUhXYoN8vdG3Krak0/ed
here's the comment:
"Scott Soshnick: Have things gotten, I would say, I’d say out of control that we can just say how about gone awry in that I mean, even Mark Emmert said last week that we don’t need these gold laden locker rooms. If you look at coaches’ salaries, strength coaches making million dollars a year, I mean, the money has to go somewhere. Has the enterprise itself lost some of its ability to control itself?
John Currie: There’s certainly some examples that one can point to that leave you scratching your head.
Scott Soshnick: Oh, point please, point please. You’ve been around a while point to those examples.
John Currie: Well, the, the degree of guaranteed contracts for coaches got, got out of control a number of years ago and became a market norm. And so, when you have, you know, $25 million, $30 million, $50 million, $75 million institutional liabilities extended, that’s, that’s a pretty significant liability. And I think that is an element of, of where the enterprise have lost credibility with the public.
Scott Soshnick: Yeah.
John Currie: That’s, that’s, it’s hard, hard to defend those things.
Michael Barr: I was, I was wondering I had… first when I came in, I said, “Well, this would be an easy question. As the AD, football is king pretty much at many universities and schools,” and I started thinking, it’s like, wait a minute, you know, Wake Forest, they got a pretty good men’s basketball team too. So I guess, I ask the question, where is it king? Is it king in college basketball or college football?
John Currie: Well, I’d have to say women’s golf or men’s tennis or…"
