Fran’s buyout (according to Hawk Central)

[bumper52]

McCaffery’s base salary for the three years remaining on his contract (after the current one) is $2,100,000 for 2025-26; $2,150,000 for 2026-27; and $2,250,000 for 2027-28. Taking 60% of that total equals $3.9 million.



McCaffery also is owed 60% of his base salary for the remaining 3½ months of this contract year (through June 30) – which computes to $358,750.

Thus, McCaffery’s buyout is roughly $4.26 million.



Also, according to McCaffery’s contract terms, Iowa can pay the buyout over the course of 36 months, meaning on average it would cost the university athletics department about $1.42 million per year for three years to move on from McCaffery.

 

[sm_hawkeye]

Honestly I think he was resigning no matter what despite what he said. He was smart enough to get his contract paid out

 

[BirdistheWord]

It’s ironic that he had one of his best recruiting classes in year 15. No guards of course.

 

[HawkLogic]

It’s ironic that he had one of his best recruiting classes in year 15. No guards of course.

They had $1.5 million NIL payroll in this season that just ended and they are suppose to be getting $2.5 million or so from Revenue sharing.
I would say thie recruiting victories he had were due to having more NIL to offer, the opportunity to play in B1G, Spurlock. They type of athlete was strikingly different than past classes--was that finally a recognition he needed more athleticism? Who knows. IF Fran really spent $1.5 million to get the 2024-2025 roster, it doesn't look like he spent the money well.

 

[binsfeldcyhawk2]

I sure hope there’s some unknown big $$$ booster/boosters bankrolling this

 

[RocknRollface]

They had $1.5 million NIL payroll in this season that just ended and they are suppose to be getting $2.5 million or so from Revenue sharing.
I would say thie recruiting victories he had were due to having more NIL to offer, the opportunity to play in B1G, Spurlock. They type of athlete was strikingly different than past classes--was that finally a recognition he needed more athleticism? Who knows. IF Fran really spent $1.5 million to get the 2024-2025 roster, it doesn't look like he spent the money well.

Makes me wonder what was really happening.

I feel like Fran knew this was probably his last year. He sold his house and his sons all went to Butler. He was just saying otherwise so he could get max buy out.

I think Fran mostly just let Spurlock recruit who he wanted.

I believe Fran could have been signing more athletes all along he just wanted a specific type of player that moves without the ball and shoots for his offense to be at its most efficient.

 

[Hawkaholic18]

Fran did what everyone else would do. He was smart enough to realize the end was probably near and started preparing. He didn't resign, as mentioned above, - if he had he wouldn't get paid.

 

[BirdistheWord]

Nice severance

 

[jonesy5960]

McCaffery’s base salary for the three years remaining on his contract (after the current one) is $2,100,000 for 2025-26; $2,150,000 for 2026-27; and $2,250,000 for 2027-28. Taking 60% of that total equals $3.9 million.



McCaffery also is owed 60% of his base salary for the remaining 3½ months of this contract year (through June 30) – which computes to $358,750.

Thus, McCaffery’s buyout is roughly $4.26 million.



Also, according to McCaffery’s contract terms, Iowa can pay the buyout over the course of 36 months, meaning on average it would cost the university athletics department about $1.42 million per year for three years to move on from McCaffery.

I will gladly take 1/2 of that to not coach Iowa basketball.

 

[icwesthawk]

I will gladly take 1/2 of that to not coach Iowa basketball.

Good news, you get nothing for not coaching Iowa basketball

 

[hawkjt]

Makes me wonder what was really happening.

I feel like Fran knew this was probably his last year. He sold his house and his sons all went to Butler. He was just saying otherwise so he could get max buy out.

I think Fran mostly just let Spurlock recruit who he wanted.

I believe Fran could have been signing more athletes all along he just wanted a specific type of player that moves without the ball and shoots for his offense to be at its most efficient.

But he bought another house,right?

 

[RocknRollface]

But he bought another house,right?

A less expensive one.

That's not a move you make if you're planning to be somewhere long-term IMO, especially not with carzy inflation going on.

 

[jonesy5960]

Good news, you get nothing for not coaching Iowa basketball

How is that good news when the other guy is getting $4 million?

 

[BirdistheWord]

Makes me wonder what was really happening.

I feel like Fran knew this was probably his last year. He sold his house and his sons all went to Butler. He was just saying otherwise so he could get max buy out.

I think Fran mostly just let Spurlock recruit who he wanted.

I believe Fran could have been signing more athletes all along he just wanted a specific type of player that moves without the ball and shoots for his offense to be at its most efficient.

Maybe some truth to your last point but Fran tried to land some highly ranked guys, often coming up short of course. My insight is that it became a bit of a self fulfilling prophecy as he normally locked in many in state, clean cut, midwestern guys.

 

[RicoSuave102954]

I sure hope there’s some unknown big $$$ booster/boosters bankrolling this

Translation = I don't belong to SWARM

 

[binsfeldcyhawk2]

Translation = I don't belong to SWARM

 

[General Tso]

I sure hope there’s some unknown big $$$ booster/boosters bankrolling this

Shhhhh......

 

[onlyTheObvious]

I will gladly take 1/2 of that to not coach Iowa basketball.

 

[jonesy5960]

Well that doesn't seem very fair.