I'm not sure how badly Beard's market value has been affected, but he was making $5 million annually at Texas. So if you fired Payne now and hired Beard, here would be the annual salary and buyout costs for our current and past head coaches...
2023
Mack's buyout $1.6 million
Payne's buyout $3.3 million
Beard's salary $5 million
2024
Mack's buyout $1.6 million
Payne's buyout $3.3 million
Beard's salary $5 million
2025
Payne's buyout $3.3 million
Beard's salary $5 million
By comparison, the basketball budget this year is around $7 million which we will assume covers Payne's salary and Mack's buyout. Presumably for the next two years, you would need another $10 million to pay for Beard assuming you couldn't cut basketball expenses anywhere else.
And I've posted the chart below before for men's basketball budgets. For years, U of L has systematically REDUCED the money is spends to fund men's basketball.
This is why you're just dreaming about hiring Beard or any other high profile coach. When Mack's buyout ends in 2025, we will be able to afford a modestly paid coach--about what Payne makes--who will hopefully way outperform what we will be paying him.
The basketball program has been deemphasized. What we (do not) invest in basketball is evidence of that...