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Manning Buyout Negotiations Have Begun

This whole thing has been so unorthodox that I wouldn't be shocked if it was announced today. And because of that, I will be refreshing the boards and Twitter all day today. Ugh.
 
sailordeac said:
I haven't been much of a beer drinker for a while, and I'm off my previous hummus kick (at least for a while). If Wake keeps endlessly making bad decisions with our basketball program, I'll be off my half-century-long Wake hoops kick as well.

Wake administration keeps demonstrating over and over again that there is nothing more embarrassing then constantly being preoccupied with avoiding embarrassment and letting that dominate your decision making.
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Don't give them a reason to keep Danny.
 
The replies to Manning’s tweet are hilarious. I honestly wonder if a coach from another program has been so universally reviled?
 
GoDeacsGo said:
I'm going to be optimistic and say no announcement is made because a new coach is not secured yet. Seems like a lot of money is at stake with both the hiring and firing. I'll assume JC knows his shit and if he announces a firing first he loses some hiring negotiation leverage. Again, I'm going to remain optimistic but will probably regret it down the road and get another dagger in my heart.
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Good points here.

IMHO, Currie learned a lesson with the TN FB coach hiring. The lesson may well have been to keep everything under wraps until it is done. Might not be the right lesson....
 
Well luckily Greg Schiano already has a job so we should be good
 
sailordeac said:
Since the death of Skip almost everything that Wake administration has tried to do with the basketball program was trying to avoid looking bad, and yet everything that they have done has made the school look worse and worse. In trying not to look bad they have not made a single good decision and appear increasingly awful and incompetent. Solution: stop worrying about public relations, of which they clearly have a confused understanding, and just do the right thing.
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And I think Skip's death, in his office, on the job at Wake had a more profound impact on many lives than we will ever know. Some of the people were impacted in ways they don't even realize. But they altered behavior in some way to avoid that.

The behavioral changes may or, most probably, did not have any influence on a recurrence. But those people did things differently. I think that has shaped the management of basketball coaches in the years since then.
 
Deaconblue said:
Good points here.

IMHO, Currie learned a lesson with the TN FB coach hiring. The lesson may well have been to keep everything under wraps until it is done. Might not be the right lesson....
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It is also a shrewd way to minimize the backlash from a less than optimal hire, especially in our current situation. Fans are going to be so ecstatic that Manning is fired that they will be happy and supportive of the new hire that was announced at the same time, regardless of who it is (within reason). On the flip side, if you announce Danny's firing first and then wait a few days to announce the new hire, the excitement of firing Manning would have leveled off a bit and expectations about the new hire will have risen exponentially. Hiring a more financially viable, less flashy coach might be met with a lot of negative feedback from the fan base.
 
deacswin said:
It is also a shrewd way to minimize the backlash from a less than optimal hire, especially in our current situation. Fans are going to be so ecstatic that Manning is fired that they will be happy and supportive of the new hire that was announced at the same time, regardless of who it is (within reason). On the flip side, if you announce Danny's firing first and then wait a few days to announce the new hire, the excitement of firing Manning would have leveled off a bit and expectations about the new hire will have risen exponentially. Hiring a more financially viable, less flashy coach might be met with a lot of negative feedback from the fan base.
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Good point. That makes a lot of sense. With all that is going on the world right now, it seems like the most logical thing to do would be to announce everything all at one time. We don’t need any more rumors or time to dwell on it. Get the deal done Currie. Let’s make for some happy times for the Wake Forest nation during these trying times. Go Deacs!
 
Deaconblue said:
Good points here.

IMHO, Currie learned a lesson with the TN FB coach hiring. The lesson may well have been to keep everything under wraps until it is done. Might not be the right lesson....
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I don't think this makes sense. if you are negotiating with someone for your coaching position, they know you are planning on firing the current coach, so you don't really have any additional leverage, especially if they know (which I guarantee they do) the fanbase is depressed and not supportive of the current coach. Any agent negotiating for the Wake job really has most of the leverage.
 
RamblinRed said:
I don't think this makes sense. if you are negotiating with someone for your coaching position, they know you are planning on firing the current coach, so you don't really have any additional leverage, especially if they know (which I guarantee they do) the fanbase is depressed and not supportive of the current coach. Any agent negotiating for the Wake job really has most of the leverage.
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Normally, I would agree with you but this situation and climate is different. JC can use the financial issues with Manning as leverage. He doesn't HAVE to fire Manning. He can always bring him back and use the COVID-19 issue and lack of funds as the perfect excuse. OTOH, he might be able to pay less than market value (and load contract with incentives) for a coach that really wants to jump back into coaching and/or coach in the ACC. Just my .02.
 
What are the chances that the sources for buyout are backing out with last few weeks market declines? Lots of net worth lost last few weeks?
 
^^^^Agree.

My sense is the coaching industry is well aware the Wake job is coming open. There have likely been discussions between intermediaries all year to gauge interest.

One of the reasons I like using a search firm, especially for this particular opening, is that it allows for discussions with prospective candidates (likely their reps) to happen well before there’s an actual opening. I think it was shortsighted by Wellman to handle every coaching search strictly in house. There are resources available to aid the process - use them.
 
Currie: "Danny, you're 50 games under .500 in the ACC. That's the worst mark ever after 6 years on the job. What do you have to say for yourself?"

DFL: "It's not my fault.... I tell the kids that the keys to victory are paint touches and free throws. They just don't listen to me."

Currie: "Well, listen to this, Danny YOU'RE FIRED! Don't let the door hit you in the ass on the way out. Oh, and clean out your office today. I've got Thad Matta ready to move in tonight."

:)
 
morrison2951 said:
Currie: "Danny, you're 50 games under .500 in the ACC. That's the worst mark ever after 6 years on the job. What do you have to say for yourself?"

DFL: "It's not my fault.... I tell the kids that the keys to victory are paint touches and free throws. They just don't listen to me."

Currie: "Well, listen to this, Danny YOU'RE FIRED! Don't let the door hit you in the ass on the way out. Oh, and clean out your office today. I've got John Beilein ready to move in tonight."

:)
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FIFY.
 
So help me out here. The current argument is that Currie is not following the plan of firing the current head coach, then searching for a new coach, then negotiating with interested coaches.

Instead he’s playing 4D chess and negotiating a buyout with Manning while also negotiating with Beilein, Matta, Forbes, and others. Once he gets this awesome deal, he’s going to make this grant announcement in which he fires Manning and introduces the new coach at the same time.

Is that what people are saying?
 
PhDeac said:
So help me out here. The current argument is that Currie is not following the plan of firing the current head coach, then searching for a new coach, then negotiating with interested coaches.

Instead he’s playing 4D chess and negotiating a buyout with Manning while also negotiating with Beilein, Matta, Forbes, and others. Once he gets this awesome deal, he’s going to make this grant announcement in which he fires Manning and introduces the new coach at the same time.

Is that what people are saying?
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It's more what people are hoping- because it is better than facing the growing likelihood that Manning will be back for another year.
 
PhDeac said:
So help me out here. The current argument is that Currie is not following the plan of firing the current head coach, then searching for a new coach, then negotiating with interested coaches.

Instead he’s playing 4D chess and negotiating a buyout with Manning while also negotiating with Beilein, Matta, Forbes, and others. Once he gets this awesome deal, he’s going to make this grant announcement in which he fires Manning and introduces the new coach at the same time.

Is that what people are saying?
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I’d say it’s more like the buyout is done. He doesn’t want a vacancy for long because he was a disgrace in the entire Southeast last time he ran a search. So he wants at least a verbal agreement before. And it won’t be announced at the same time, but within a couple days of the firing. That’s the hopeful narrative I’m sticking to for the moment.
 
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