McCollum's contract details
- Thread starter Madman_1
- Start date
Only thing ive seen is Tom said 6yr starting at $3.3mil
Gazette:
The 43-year-old has a 6-year contract (starting at $3.35 million the first year) with which to try to get that done.
The 43-year-old has a 6-year contract (starting at $3.35 million the first year) with which to try to get that done.
I’d consider $3.3M a steal considering Fran was making $3.4M and DeVries at Indiana is making $5M.
Regarding Drake salary, it was likely around $600k but in their last ditch effort, I’d guess they were ready to go up to $1M
Regarding Drake salary, it was likely around $600k but in their last ditch effort, I’d guess they were ready to go up to $1M
They're not required to disclose it as a private school and I don't think anyone has a great number Storm Hawks guess is probably somewhere in the ballpark though I would think
Someone did the math on WVU’s buyout of DeVries’ Drake contract and it was assumed he was around $750k but he’d been there for 6 years.
With Mac coming from D2 and being his first year, my guess is he was lower
Yes McCollum is a bargain and he could have gotten bigger payday at WVU so in his case, we can say having ties to Iowa and liking Iowa City was more important than just a money grab. We were about to pay fran $3.4 million when his true market value based on UPenn Job is sub $1million.
We all know Iowa is going to keep its head coaches for long time unless they are complete disaster like Lickliter. Makes sense to do 6 years guaranteed which is a good incentive/security for McCollum but doesn't break the bank and compromise NIL. It would also make sense to give McCollum upside if the attendance is improved and if they ever make a Sweet16.
If McCollum doesn't get the job done at Iowa and it is all because lack of NIL, then maybe time for Hawk fans to just accept being a permanent bottomfeeder---in which case it doesn't matter who the coach is. Nearly anyone can coach a team to 7-13 record in B1G.
How do you know WVU would’ve paid more? Also, you don’t know if we’re keeping coaches forever. You’re basing that on Barta being the AD. Beth isn’t Barta (and thankfully she’s not).
So technically McCaffrey makes more next season not working there than the new guy that other teams actually wanted??
And mark my words 3.3 million is going to look like a steal in 3 years. I think the next couple years are going to be an arms race of coaching salaries until they hit a higher plateau. The last big round of conference realignment and TV deals is trickling down. That's why I was screaming to do something now. Regardless of the buyout of McCaffrey, getting a guy signed at today's prices will be huge down the road.
His buyout will be paid out over 3 years, so he gets $1.4M/yr. So no, Fran will not make more next season than our new coach.
I was thinking Fran must love coaching to go to Penn.
Not getting any younger and already has generational wealth.
Oh, I thought his buyout literally was the remaining years of his contract. So I guess barta did do something right. Well even better then. So effectively Iowa gets an in demand coach for under $5 mil a year with a the old buyout factored in. Nice.
In Beth we trust.
She nailed the hire. Ben just seems like an Iowa hire. Homegrown, grew up cheering for the Hawks, and teaches the very thing that can make Iowa successful, defense and rebounding. Those two things are about effort. And it appears Ben is the right guy to get that effort from his players.
She nailed the hire. Ben just seems like an Iowa hire. Homegrown, grew up cheering for the Hawks, and teaches the very thing that can make Iowa successful, defense and rebounding. Those two things are about effort. And it appears Ben is the right guy to get that effort from his players.
Not exactly. $3.4M was his total comp. He will only be paid his base, which was $1.4M, for 3 years.
Yes.
They said he would have been the highest paid coach in the conference. I think Jacobsen is the highest, or close to the highest paid coach at $900k.
Keep in mind, that is his first year, and the language suggested it will change.
I’m guessing it escalates over time, and increases with incentives.
For a guy that’s never coached P4, I think it’s a fair starting number and I’m guessing it probably goes to north of $4M by Year 6. Plus, I’m guessing there’s incentives for conference regular season and tournament titles as well as NCAA tournament appearances and advancements.
lol you cannot fire a guy for cause for yelling at a ref, he'd have sued the shit out of them and it would have been even more expensive. As far as Iowa coaches go he was one of the least scandal ridden ones, you're gonna keep the keep the coach whose program had a massive racial discrimination scandal but try to fire a guy for cause because he was mean to refs? He didn't even have a technical in his last season until the very last game
Mean to the refs? He chased a ref back to the lockerroom and was suspended for two games.
You think you can fire him for cause for that several years later? Glad you don't work in legal for the school, athletic department has already lost enough lawsuits
Nope but his technicals and hissy fit resulting in him being kicked out of the last game of the year, should have been the last straw. And it was.
The ejection in the last game was BS and the ref being a baby but that's also not why he got fired lol. Be serious. If they tried to fire him for cause over an ejection he'd sue and win, and being petty over something like that would be a terrible message to send to future coaching candidates. It's like $1.5 million a year over three years the school will be fine. They signed a freely negotiated contract and they should honor it
He certainly did nothing to deserve getting kicked out of that game. That was more on a thin skinned ref than on Fran. A guy getting ejected shouldn’t be a “last straw “ anyway, not that big a deal.
