knapplc
International Man of Mystery
ESPN researched dead money in college sports. Nebraska is near the top.
https://www.espn.com/college-football/story/_/id/32552130/schools-spent-5336-million-dead-money
During his tenure as Nebraska's chancellor from April 2001 to June 2016, Harvey Perlman signed off on the Cornhuskers firing football coach Frank Solich and the hiring and firing of Bill Callahan, Bo Pelini and Mike Riley, who was fired more than a year after Perlman left.
"We have a lot of football coaches on our salary," Perlman recently told ESPN, chuckling. "Yeah, it was horrible. I didn't like it. And of course you get a lot of public flak for it, which I did. But as I say, it's part of the competitive context in which you're operating. If you're not going to do it, you're not going to get coaches."
Auburn ($31.2 million) and Nebraska ($25.8 million) led the way in dead money payments, followed by Texas ($21.5 million), Ole Miss ($20.4 million) and Kansas ($20 million).
The Cornhuskers also hired and fired men's basketball coach Doc Sadler, and women's basketball coach Connie Yori resigned under pressure during Perlman's tenure. He said the obligation of a coach's buyout never figured into whether or not he or she should be terminated.
"I regarded the payouts we made as we changed coaches as just the cost of doing business," Perlman said. "It was just built into the deal."
Perlman said competitive forces and public image forced the university to agree to larger and larger contracts with more generous buyouts for coaches. He admitted the salaries and guaranteed contracts were out of line, but said "competition drives you to do what you have to do."
"There were both the terms of the agreement and the message that it sent," Perlman said. "They both were important if the coach was going to be successful. ... It's about where you sat in the Big Ten because you were going to have to recruit. Recruits would look at this and say, 'They're not paying you very much and they must not respect you very much, so you must not be a good coach.'"
TOP 10 SCHOOLS
Chasing glory and championships is expensive in college sports. Just ask the biggest spenders in the FBS, who have combined to dole out more than $205 million in dead money since 2010. If your last mistake is indeed your best teacher, then these schools have failed time and time again.
Auburn
$31.2M
Talk about being all-in. More than $18 million (and counting) has been paid to Gene Chizik and Gus Malzahn.
Nebraska
$25.8M
Bo Pelini and Mike Riley were fired within a year of extensions. The cost for those mistakes: about $12.8 million.
https://www.espn.com/college-football/story/_/id/32552130/schools-spent-5336-million-dead-money
During his tenure as Nebraska's chancellor from April 2001 to June 2016, Harvey Perlman signed off on the Cornhuskers firing football coach Frank Solich and the hiring and firing of Bill Callahan, Bo Pelini and Mike Riley, who was fired more than a year after Perlman left.
"We have a lot of football coaches on our salary," Perlman recently told ESPN, chuckling. "Yeah, it was horrible. I didn't like it. And of course you get a lot of public flak for it, which I did. But as I say, it's part of the competitive context in which you're operating. If you're not going to do it, you're not going to get coaches."
Auburn ($31.2 million) and Nebraska ($25.8 million) led the way in dead money payments, followed by Texas ($21.5 million), Ole Miss ($20.4 million) and Kansas ($20 million).
The Cornhuskers also hired and fired men's basketball coach Doc Sadler, and women's basketball coach Connie Yori resigned under pressure during Perlman's tenure. He said the obligation of a coach's buyout never figured into whether or not he or she should be terminated.
"I regarded the payouts we made as we changed coaches as just the cost of doing business," Perlman said. "It was just built into the deal."
Perlman said competitive forces and public image forced the university to agree to larger and larger contracts with more generous buyouts for coaches. He admitted the salaries and guaranteed contracts were out of line, but said "competition drives you to do what you have to do."
"There were both the terms of the agreement and the message that it sent," Perlman said. "They both were important if the coach was going to be successful. ... It's about where you sat in the Big Ten because you were going to have to recruit. Recruits would look at this and say, 'They're not paying you very much and they must not respect you very much, so you must not be a good coach.'"
TOP 10 SCHOOLS
Chasing glory and championships is expensive in college sports. Just ask the biggest spenders in the FBS, who have combined to dole out more than $205 million in dead money since 2010. If your last mistake is indeed your best teacher, then these schools have failed time and time again.
Auburn
$31.2M
Talk about being all-in. More than $18 million (and counting) has been paid to Gene Chizik and Gus Malzahn.
Nebraska
$25.8M
Bo Pelini and Mike Riley were fired within a year of extensions. The cost for those mistakes: about $12.8 million.
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