That's a tough one. Right now, the program is still bringing in a lot of money. I don't think it will ever be a money-loser, but right now they might have the money to buy him out and pay someone else a hefty sum to take over. If they wait, who knows? maybe they won't have that money, the NFL won't be knocking on BC's door (which is what he wants, I think), and they'll keep him just because by then, we'll be the ones going nuts over wins at Kansas and Baylor (no insult to KU... I just mean teams like KU of years past). We'll be here saying "Well, he did beat Iowa State and Oklahoma state last year and the team's record was above .500. 4th in the North isn't as easy as it was in the 90s..." And he'll get his contract renewed. Real teams will scramble to get us on their schedule early in the season for practice and we'll be proud of how hard they played. "Positive rushing yards today!"First of all, I think we can all agree at this point that things aren't going to work out with Callahan. I am sure Steve Pederson knows the same, even if he isn't saying so publicly, which he shouldn't.
So, do you cut your losses now and find a way to pay Callahan's contract out? NU might say "we can't afford it," but at this point, can we (NU) afford not to? At stake is untold $$ millions in lost revenue to the school, lost TV exposure, etc., etc. The type of millions that would make a buy-out look like pennies.
So after the season, do you say "You're fired, and here's a check for your remaining term"? or do you say "Look, we both know this isn't working. Why don't we allow you to resign and we will come to terms with you on a pay-out"?
If I'm Callahan, I would rather resign and get $4 million, than be fired and get $6 million.
How would this work?
People have compared this to early TO... yeah, people wanted him fired right away but that's just because he had a hard time with the OU powerhouse (and I can't imagine that the cries for heads were this universal). He was in a position to win the NC inside of 10 years, and was challenging OU fairly early on as well. Now, NU gets it handed to them by #17, gets kicked around by Ball State... come on. Seriously.
We refuse to surrender the big 12 to Texas and oklahoma... and Kansas, Missouri... Colorado. Probably don't want to surrender it to Wake Forrest or Ball State... Iowa. It's just a few more seasons trending this way before we're mentioned in the same breath as Baylor as a team that oughtn't be in this conference.
Anyway, when that day comes, we'll be used to it and there won't be enough connection to TO, CM, BD, and the "old" names to really justify firing a coach for almost winning 3/4 of his games... more than half! Hey! He's statistically better than a coin flip! Whoo! I wonder if they make a foam hand with 50 fingers on it.