If I’m a coach, I take half my salary and buy a couple studs
- Thread starter ClarindaA's
- Start date
Assuming that it is legal, then the only problem with the idea is that it makes sense. Therefore KF would never do it.
Isn't he already the CEO of the Iowa Football Team?
This would be a sneaky way to pump up the NIL. Give the coach 20 million,require he uses 3/4 of it on NIL.
Ferentz will likely do some forms of this down the stretch of his career.
If I’m the AD, I’m putting 2% of all revenues into an NIL trust, and eventually you have a self-sustaining warchest.
Heck, why don’t the players pool some of their NIL money to help buy more good players? I mean, they want to win, right?
Just like most CEOs take half their salary to get better employees.
Kirk likes the money so much he let his kid get fired instead of retiring to save the embarrassment to his own kid.
Never going to happen.
Never going to happen.
About a year ago, I said the best way to prove you're about the school and not being Jordan Belfort 2.0 ... is to have Brian and James donate serious cash to whatever group can make it rain on the N_Iowa_L
My money gets invested back into my business, just wondered if it was legal for the coaches to do the same.
I found out today that Iowa has more NIL money than Nebraska. Like top 20 in NIL type stuff. So you guys could go after expensive players. If you don't, then it's just a style decision by coaches.
I’ve said this too. Why wouldn’t you? But I’m guessing it’s not legal. Or wasn’t. I think going forward schools can pay players so I don’t know why coaches couldn’t.
It’s not. Coaches can’t contribute to their own NIL funds.
When Baylor basketball went off the rails around 2000 their head coach did exactly that. At the time they weren't good enough for anyone to be paying attention what was going on. The coach was paying atleast one kids tuition but told him he was really on a basketball scholarship.
Then that player got murdered by a teammate and all hell broke loose. A lot of people dont seem to remember much of that insanity.
Then that player got murdered by a teammate and all hell broke loose. A lot of people dont seem to remember much of that insanity.
Taking a shot here but I don’t think his net worth is $50-$60 million, either. $30-$40 million, maybe.
If I’m a coach, I take half my salary and buy a couple studs
Or.... you could take the profits from your business and distribute it to any employees or if you have no emplyoees you could give your profit to the poor.
False equivalency, him getting better players increases his success. That’s why I invest back into my business, though we do give to St. Jude’s and some local charities.
If you gave your profit to your employees they would be more successful. You could give even more to the poor.
Gundy, Oklahoma State agree to restructured deal
Oklahoma State and Mike Gundy have reached an agreement on a restructured contract, and he will remain as the Cowboys' coach.
As part of the restructuring of Gundy's contract, his $7.75 million annual salary will be reduced to be redistributed as part of revenue sharing with players
I think it could be $50 million assuming he's following some solid investment advice.
Found an article that had his comp each year starting in 2006. He's made about $82 million in that time. So, tack on his first 7 years at, say $3 million a year and you are a little over $100 million.
Pay 1/2 in tax and you have $50 million spread over 26 years. He doesn't strike me as a guy that spends a lot on money. You never hear about big vacations or anything like that. Still lives in the same house. Gets tons of free stuff, like clothing, cars, etc. He is charitable
Even if he spent $1 million a year he's got $24 million + all the earnings over a pretty good time in the market. The Dow was around 11,000 at the end of 1999. Now it's over 45,000.
It very well could be $50 million
Gundy, Oklahoma State agree to restructured deal
Oklahoma State and Mike Gundy have reached an agreement on a restructured contract, and he will remain as the Cowboys' coach.www.espn.com
As part of the restructuring of Gundy's contract, his $7.75 million annual salary will be reduced to be redistributed as part of revenue sharing with players
There will be more of that. Have a feeling having insane salaries/contracts for coaches is gonna stop. They’ll still be compensated well, but some of that $$ will start going to players.
I bet it’s closer to $200 million. Many people retire with 20 times their annual salary in retire accounts. Probably easier to have a bigger multiplier when you make more money than you know what to do with.
I was being a smart ass. I read somewhere at one one point KF's net worth was between 50-60 mil--I was joking that Clarinda's was 30-40 mil lol
Interesting that a poster with this many posts who is starting a thread on a football forum doesn't already know this answer.......or knows the answer and asks it anyway.
This is kind of what I was thinkingGundy, Oklahoma State agree to restructured deal
Oklahoma State and Mike Gundy have reached an agreement on a restructured contract, and he will remain as the Cowboys' coach.
As part of the restructuring of Gundy's contract, his $7.75 million annual salary will be reduced to be redistributed as part of revenue sharing with players
THat is where the mass of NIL needs to come from, the coaches' jobs depend on players, let them foot the bill to get them here (that and the TV money).
As Iowa continues to have a better overall coaching staff vs Nebraska, the Hawks will be alright. 😉
