I wonder how much the buyout we are paying to Grobe is limiting what we can offer Lembo, or anyone else.
Any insight into what the buyout is / how long it's spread out over?
I wonder how much the buyout we are paying to Grobe is limiting what we can offer Lembo, or anyone else.
If Wake can't afford to pay either its head football coach or its head basketball coach more then $1M than we need to get the hell out of division 1 athletics and stop wasting money and embarrassing ourselves.
Buckets: Is it your best guess that we have moved on to Clawson and Lembo-to-Wake is dead? Or just impossible to tell w/ Wellman at the controls?
Any insight into what the buyout is / how long it's spread out over?
I do wonder if Wellman is tossing out these low ball offers because we don't have the funds to go higher (I find this hard to believe), or because he simply doesn't feel it necessary/prudent at a school like Wake Forest (this is stupid).
Neither of those options are good. If we don't have the funds, that's squarely on Ron's shoulders in several different ways.
I will be complete honest, I don't know. It has been radio silence since Friday night.
I know we had a ton of momentum going into Thursday's interview. We wanted Lembo, Lembo wanted Wake Forest. The silence certainly doesn't feel like good news.
I don't think many of our fans appreciate how tight our budget is compared to other BCS schools. Not only do we have a much smaller fan base to draw funds from (both through tickets and fund raising) compared to the other BCS schools, but we are also at a severe cost disadvantage compared to almost every other school because of WFU's high tuition.
For example, WFU's tuition costs for football alone is over $3.8MM a year (85 Scholarships @ $44K). That is $1.2MM more than UNC (85 @ $30K), and that assumes they all are paying out of state tuition. And UNC is one of the more expensive schools in the ACC, schools like Clemson and NC-State are even less. Once you factor in that we also have to pay for B-Ball, Baseball, Soccer, etc... we are at a multi-million dollar short fall compared to almost every other BCS school that needs to be made up just to stay even with other schools. That really puts a strain on any coaching/facility upgrades we might want to undertake. Yes, other private schools such Duke, Vandy, USC, Northwestern, and Stanford have this same problem, but they also have larger enrollments and have endowments 3.5x or more the size of ours, to help ease the pressure.
Because of this, Wellman might not be low-balling anyone. We just might not have much more than $1.0-1.3MM to spend on a new guy (and honestly I have no idea how we ever afforded Grobe's $2MM a year. My only guess is a couple alums stepped forward to cover the difference).
I don't think many of our fans appreciate how tight our budget is compared to other BCS schools. Not only do we have a much smaller fan base to draw funds from (both through tickets and fund raising) compared to the other BCS schools, but we are also at a severe cost disadvantage compared to almost every other school because of WFU's high tuition.
For example, WFU's tuition costs for football alone is over $3.8MM a year (85 Scholarships @ $44K). That is $1.2MM more than UNC (85 @ $30K), and that assumes they all are paying out of state tuition. And UNC is one of the more expensive schools in the ACC, schools like Clemson and NC-State are even less. Once you factor in that we also have to pay for B-Ball, Baseball, Soccer, etc... we are at a multi-million dollar short fall compared to almost every other BCS school that needs to be made up just to stay even with other schools. That really puts a strain on any coaching/facility upgrades we might want to undertake. Yes, other private schools such Duke, Vandy, USC, Northwestern, and Stanford have this same problem, but they also have larger enrollments and have endowments 3.5x or more the size of ours, to help ease the pressure.
Because of this, Wellman might not be low-balling anyone. We just might not have much more than $1.0-1.3MM to spend on a new guy (and honestly I have no idea how we ever afforded Grobe's $2MM a year. My only guess is a couple alums stepped forward to cover the difference).
The buyout is in the $2 million range.
Grobe gets a buyout for voluntarily resigning? WTF? No way. If we're paying him a buy out that means he was pushed out.
I will be complete honest, I don't know. It has been radio silence since Friday night.
I know we had a ton of momentum going into Thursday's interview. We wanted Lembo, Lembo wanted Wake Forest. The silence certainly doesn't feel like good news.
I don't think many of our fans appreciate how tight our budget is compared to other BCS schools. Not only do we have a much smaller fan base to draw funds from (both through tickets and fund raising) compared to the other BCS schools, but we are also at a severe cost disadvantage compared to almost every other school because of WFU's high tuition.
For example, WFU's tuition costs for football alone is over $3.8MM a year (85 Scholarships @ $44K). That is $1.2MM more than UNC (85 @ $30K), and that assumes they all are paying out of state tuition. And UNC is one of the more expensive schools in the ACC, schools like Clemson and NC-State are even less. Once you factor in that we also have to pay for B-Ball, Baseball, Soccer, etc... we are at a multi-million dollar short fall compared to almost every other BCS school that needs to be made up just to stay even with other schools. That really puts a strain on any coaching/facility upgrades we might want to undertake. Yes, other private schools such Duke, Vandy, USC, Northwestern, and Stanford have this same problem, but they also have larger enrollments and have endowments 3.5x or more the size of ours, to help ease the pressure.
Because of this, Wellman might not be low-balling anyone. We just might not have much more than $1.0-1.3MM to spend on a new guy (and honestly I have no idea how we ever afforded Grobe's $2MM a year. My only guess is a couple alums stepped forward to cover the difference).
He was planning to return. He was given a choice. He chose to resign. That choice resulted in a buyout of the remainder of his contract.
What, we're actually paying Grobe around $2 million? WTF?! I thought he chose to leave. Why would someone who chooses to leave be given a buyout?
He was planning to return. He was given a choice. He chose to resign. That choice resulted in a buyout of the remainder of his contract.
He was planning to return. He was given a choice. He chose to resign. That choice resulted in a buyout of the remainder of his contract.
It's gotta be Lobo. Nothing else would make sense.