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PLEASE CURRIE!!!!

WFU1977 said:
Some of you guys completely underestimate how large and challenging this buyout is to a small school like Wake. By waiting a year, the buyout this spring will probably come down to be in the $12-15 mil range (source is a trustee). That is larger than our annual budget for the whole football program. We absolutely need for the big money families to be on Board. And hopefully, they will exercise enough clout to ensure that current and future idiots in the AD office and in the university administration can never let something this derelict ever happen again.
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Since your source is a trustee, please ask him/her why in the hell the Board ever approved the Manning extension, which was self-evidently ludicrous at the time, and follow up by asking what accountability has the board imposed on Nathan Hatch and/or others for this fiasco of monumental proportions. In the business world, heads roll for stupidity like this.
 
FreeStateDeac said:
Since your source is a trustee, please ask him/her why in the hell the Board ever approved the Manning extension, which was self-evidently ludicrous at the time, and follow up by asking what accountability has the board imposed on Nathan Hatch and/or others for this fiasco of monumental proportions. In the business world, heads roll for stupidity like this.
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If that is actually the buyout after this year, then it is the dumbest contract in the history of contracts.

We all had some level of hope in Manning after that one year, but that year still had coaching questions and the year before was horrible.
 
FreeStateDeac said:
Since your source is a trustee, please ask him/her why in the hell the Board ever approved the Manning extension, which was self-evidently ludicrous at the time, and follow up by asking what accountability has the board imposed on Nathan Hatch and/or others for this fiasco of monumental proportions. In the business world, heads roll for stupidity like this.
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They have written all of these contracts for coaches, etc., and this only really stupid one? Isn't this also a hint?

It's not like he made a Sweet 16 or Final Four. But no outs and guaranteeing all the incentives?

Also, if the "trustee" is accurate, another poster showed how we could have made the money to payoff having two coaches and the buyout by selling more tix, parking, etc. by firing Danny last year.

Then, there's the ridiculous concept that the "buyout" drops dramatically from last year to this year. Why would the same people who negotiated an $18M buyout for last Spring allow most of it go away after one year?
 
RJKarl said:
They have written all of these contracts for coaches, etc., and this only really stupid one? Isn't this also a hint?

It's not like he made a Sweet 16 or Final Four. But no outs and guaranteeing all the incentives?

Also, if the "trustee" is accurate, another poster showed how we could have made the money to payoff having two coaches and the buyout by selling more tix, parking, etc. by firing Danny last year.

Then, there's the ridiculous concept that the "buyout" drops dramatically from last year to this year. Why would the same people who negotiated an $18M buyout for last Spring allow most of it go away after one year?
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Just spitballing here, no sauces. Just guesses as to what might be behind the cryptic "$18 million, fully guaranteed" report.

This is the first year of his second contract. If there are incentives in it, he is unlikely to make them if (big IF) they are reasonable. There was "Childress protection" in the contract that kept Danny and Randolph on the Wake bench until Brandon finished in 2020.

The "fully guaranteed" was only in play until he actually got into the new (current) contract. Unlike many extensions, Manning's extension didn't start until his original (five year) contract was complete. Many times, contract extensions replace the last year or two of an existing contract. Maybe (hopefully) some buyout decline starts after the contract is in effect.

There was an AD seminar that suggested fully guatanteed contracts were the way to go. ADs at Wake, MD and TX followed the advice.
 
Deaconblue said:
Just spitballing here, no sauces. Just guesses as to what might be behind the cryptic "$18 million, fully guaranteed" report.

This is the first year of his second contract. If there are incentives in it, he is unlikely to make them if (big IF) they are reasonable. There was "Childress protection" in the contract that kept Danny and Randolph on the Wake bench until Brandon finished in 2020.

The "fully guaranteed" was only in play until he actually got into the new (current) contract. Unlike many extensions, Manning's extension didn't start until his original (five year) contract was complete. Many times, contract extensions replace the last year or two of an existing contract. Maybe (hopefully) some buyout decline starts after the contract is in effect.

There was an AD seminar that suggested fully guatanteed contracts were the way to go. ADs at Wake, MD and TX followed the advice.
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It's one thing to guarantee a salary, but it's quite different to guarantee incentives. No one has put his salary at more than $2.3(2.4)M. No one can up with a logical reason why never met incentives are fully guaranteed. Once this plank is pulled out, the rest falls apart.
 
Also remember that it isn't just Manning that is contractually obligated, but also his assistants. I believe they also could be protected by that contract extension. Hence, the lack of action from the AD.

Price tag may be much higher than we think, which is hard to fathom.
 
Deaconblue said:
Just spitballing here, no sauces. Just guesses as to what might be behind the cryptic "$18 million, fully guaranteed" report.

This is the first year of his second contract. If there are incentives in it, he is unlikely to make them if (big IF) they are reasonable. There was "Childress protection" in the contract that kept Danny and Randolph on the Wake bench until Brandon finished in 2020.

The "fully guaranteed" was only in play until he actually got into the new (current) contract. Unlike many extensions, Manning's extension didn't start until his original (five year) contract was complete. Many times, contract extensions replace the last year or two of an existing contract. Maybe (hopefully) some buyout decline starts after the contract is in effect.

There was an AD seminar that suggested fully guatanteed contracts were the way to go. ADs at Wake, MD and TX followed the advice.
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What was the logic behind fully guaranteed contracts? It’s dumb on its face. There enough money going to fired coaches to pay athletes a solid salary.
 
Chil Tron said:
Also remember that it isn't just Manning that is contractually obligated, but also his assistants. I believe they also could be protected by that contract extension. Hence, the lack of action from the AD.

Price tag may be much higher than we think, which is hard to fathom.
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Aren’t almost all assistants in college sports on year to year contracts? Pretty sure that the head coaches contract has money for assistants, but not specifically who the assistant coaches are.
 
BeachBumDeac said:
Aren’t almost all assistants in college sports on year to year contracts? Pretty sure that the head coaches contract has money for assistants, but not specifically who the assistant coaches are.
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Not necessarily. Assistants generally get shorter term contracts (2 - 3 years quite often) unless they're coaches in waiting/top level guys. These contracts are in the hundreds of thousands for the most part, except some bigger programs possibly paying their top assistants over a million (totally a guess). There are some buyouts as well but most times they're relatively inconsequential in regards to program revenue and a lot have been designed to trigger really only when an assistant is going to make a lateral move (assistant spot to assistant spot).

In regards to your second part, coaches are traditionally given a pool of money to recruit their assistants (with help from the AD & the school's contract/legal staff) but the assistants still receive an employment contract with the school.
 
At this point, Currie's only job that he needs to worry about is courting rich alums to pony up for the buyout. I think we've seen that WFU is not going to have the balls or resources to do it, so it needs to come from rich dudes who love basketball and want to influence an ACC hoops team. And Fuck ron wellman and his incompetent ass.
 
SC DEAC said:
At this point, Currie's only job that he needs to worry about is courting rich alums to pony up for the buyout. I think we've seen that WFU is not going to have the balls or resources to do it, so it needs to come from rich dudes who love basketball and want to influence an ACC hoops team. And Fuck ron wellman and his incompetent ass.
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Get Duncan/Paul to cover the buyout and Sutton/Shah to cover the new coach ... takes care of everything.
 
lovemydeacs said:
Get Duncan/Paul to cover the buyout and Sutton/Shah to cover the new coach ... takes care of everything.
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Wake has the resources for either Danny's buyout OR salary for a new coach. Salary for ONE men's basketball head coach is in Wake's finances.
 
ChaosDeac said:
Not necessarily. Assistants generally get shorter term contracts (2 - 3 years quite often) unless they're coaches in waiting/top level guys. These contracts are in the hundreds of thousands for the most part, except some bigger programs possibly paying their top assistants over a million (totally a guess). There are some buyouts as well but most times they're relatively inconsequential in regards to program revenue and a lot have been designed to trigger really only when an assistant is going to make a lateral move (assistant spot to assistant spot).

In regards to your second part, coaches are traditionally given a pool of money to recruit their assistants (with help from the AD & the school's contract/legal staff) but the assistants still receive an employment contract with the school.
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Some high profile fball assts have multi-year deals but hoops assts are year to year. There is only one contract we need to focus on.
 
At the halfway mark of the ACC season Wake is coming in at dead fucking last. This is especially impressive because this is the worst the ACC has been since probably Bz's first year.
 
WFcatamount22 said:
At the halfway mark of the ACC season Wake is coming in at dead fucking last. This is especially impressive because this is the worst the ACC has been since probably Bz's first year.
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watching UNC State game. We will lose to UNC
 
The main reason I go to games at this point is to spend time with family. Wake games have always been the center of our lives. A decade of terribleness has taken a toll on us all.
Do the right thing Currie. Move along and do whatever you can to go ahead and send Danny his way. End of season is acceptable. If we don't have a proven winner coaching our guys next year, my family will have to find something else to do to get together.
 
Do people inside the AD understand how hopeless the fanbase is?
 
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