Petrino buyout
- Thread starter GOCARDS6
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That's all? I knew there was a gap between conferences but wow that's much bigger than I thought.
Purdue received $51 MM from the BTN this year, and it goes to $52 MM in 2019.
https://awfulannouncing.com/ncaa/bi...-reaches-an-insane-51-million-per-school.html
Does Louisville have an active billionaire rolodex that is going to allow it to outmatch Purdue's financial warchest in a bidding war?
Purdue received $51 MM from the BTN this year, and it goes to $52 MM in 2019.
https://awfulannouncing.com/ncaa/bi...-reaches-an-insane-51-million-per-school.html
Does Louisville have an active billionaire rolodex that is going to allow it to outmatch Purdue's financial warchest in a bidding war?
Nevermind....misread OPs post.
But yes....the ACC network money will no doubt be used to help pay his buyout. I would assume that plus booster funds.
Also, I can appreciate the Purdue fan pulling a UK fan stunt and riding those conference coattails for bragging rights.
But yes....the ACC network money will no doubt be used to help pay his buyout. I would assume that plus booster funds.
Also, I can appreciate the Purdue fan pulling a UK fan stunt and riding those conference coattails for bragging rights.
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Can you get an advance on those funds?
https://awfulannouncing.com/league-...-the-conference-shooting-past-the-pac-12.html
…The ACC distributed an average of $26.6 million per school in 2017, with total revenue up 12 percent and Notre Dame receiving a fraction of that. The Pac-12 was at $31.5 million in its most recent financial statements, the Big 12 at an estimated $40 million (its official figure of $36.5 million doesn’t include some tertiary media rights, including Texas’ Longhorn Network) and the SEC at $40.9 million, while the Big Ten is expected to exceed $50 million.
I don't doubt that Lousiville can use it's network of donors to temporarily bridge the gap ($30.7 to $51MM). But even if it can raise the $20MM to gap the difference from 2018, and your projected $12MM gap for 2019 ($52MM vs est $40MM).
That's a $32MM gap just in income that has to be made up.
Then you have to subtract the buyout for Petrino, Brohm's buyout to Purdue, plus be able to outbid Purdue on his new contract.
Is that financially realistic for UofL with the already existing buyout to your AD and the looming legal battle with Pitino still outstanding?
Your new AD is in a tough spot balancing the financial reality of the athletic dept vs the fans expectations/demands ....
While I obviously favor the B1G. My post is more about trying to understand UofL's financial capabilities vs Purdue.
Obviously UofL has the "home" advantage over Purdue for Brohm, but is that the only advantage they have?
Facilities = Purdue
Overall Conference = Let's call it a wash (we probably each would favor our own conference and can make decent arguments as to why)
Division = Purdue (B10 West is super favorable)
Financial Health = ???
Proximity/Intangibles = UofL
Are UofL fans entirely counting on just Brohm's families ties to the university to be enough to overcome everything else?
Don't know, all I know is that our AD is certainly speaking from the perspective that we can and thats all I know.
Plus Petrino's buyout is not due immediately upon his firing it can be paid over time. The way I would view this is that if UL has the money to fire Petrino and will go through that process then they aren't going to turn around and hire a lack luster cheap coach. Especially when the guy everyone wants is next door and at a school like Purdue. Which, no disrespect while a respectable program is still a program that Louisville should be able to take their coach.
So either either the AD and all the media are completely setting themselves up to fall flat on their face and have the full fury of the fan base released on them or the media is hearing things and our AD has a plan.
Plus Petrino's buyout is not due immediately upon his firing it can be paid over time. The way I would view this is that if UL has the money to fire Petrino and will go through that process then they aren't going to turn around and hire a lack luster cheap coach. Especially when the guy everyone wants is next door and at a school like Purdue. Which, no disrespect while a respectable program is still a program that Louisville should be able to take their coach.
So either either the AD and all the media are completely setting themselves up to fall flat on their face and have the full fury of the fan base released on them or the media is hearing things and our AD has a plan.
Its kind of crazy how much these Boil fans know about UofL and then in the same sentence act like they are not worried about us poaching their coach.....Ive never seen so many Boils on this site ever. I feel like we will all need a shot of penicillin after all of this is over.
Oh I'm not discouting UofL's chances here. There is most definitely a chance. I'm trying to gauge all of the issues to figure out how likely/serious this could get.
Brohm COULD leave Purdue for UofL (hence why you see more Purdue fans here).
For me personally I figure the best way for me to learn more about how likely that possibility is ... is to come straight to the source.
If you land him, I think it'd almost entirely be because of the fact that he's from there and played there. If that wasn't the case and he didn't have UL ties, don't really think UL is an upgrade from Purdue.
LoL at all of you worried about University finances.
If Nick Saban wanted to come here or and commanded a 5 yr 8 million per year salary you dont think the University couldnt come up with the money ?
LoL.
Face it Purdue, Sucks fans. Brohm will be named head coach at UofL in December.
If Nick Saban wanted to come here or and commanded a 5 yr 8 million per year salary you dont think the University couldnt come up with the money ?
LoL.
Face it Purdue, Sucks fans. Brohm will be named head coach at UofL in December.
We are not sources, we know nothing honestly just like you.
I just know our local radio guys act like its a lock as they did when Mack was hired as well. We heard the EXACT same stuff from Xavier and UK fans.....Mack will NEVER come there, your basketball is a dumpster fire, he has the number 1 overall seed in the tourny, hes still recruiting at xavier etc.... Our basketball program literally is a dumpster fire and he came, our football program is not. It s a bad team but that is it. That can be fixed and will.
Not really. UofL has two state of the art facilities with more than 150 suites as well as about 15,000 premium seats combined at the football and basketball stadiums. Purdue fans seem to have absolutely no concept of just how well supported UofL is by its fan base.
You can make all the money you want from your TV channel. UofL will soon be earning money from a similar channel and will still have significantly more revenue from sales of all those premium seats and suites.
Go look at the revenue data at the Equity in Athletics website, and you will soon realize that you’re up against a school that is top 20 in total revenue, even without the ACC network. Purdue is a great school, but would lose if it comes down to a bidding war for Jeff Brohm.
I"m not saying UofL couldn't temporarily come up with the finances. But it's a fair question to ask who is financially more healthy and likely to be able to outbid the other for Brohm.
I'm guessing you think UofL can... do you have actual reasoning for this? Or do you just think UofL will mortgage its financial health to the tilt to make it happen?
Im in my 30's and I've honestly never ever though of Purdue as good or relevant in anything sports wise. I couldn't tell you one single thing or accomplishment from Purdue in athletics. It is definitely a step up...solely living in Louisville vs West Lafayette is a major upgrade in itself.
The way I would view this considering you and I, along with most people on this board don't have any specific inside info is that if firing Bobby and hiring Brohm wasn't a possible then we would have at least heard some "walking back" of the idea of Petrino being fired or the Brohm talk....instead the media have been speaking for weeks from a standpoint like Petrino is already fired and the AD has had multiple chances to stand up for Petrino and hasn't done that.
So....I would say the idea that Petrino will be fired is a near certainty and that to me, would be the biggest issue to focus on if I'm a Purdue fan. Because then it becomes a fight with Louisville and as I said, if they can afford to fire Petrino then they can afford to pay to get the guy they want....so it then becomes a battle of Purdue and his alma mater/hometown. Under normal circumstances most coaches would probably view Purdue and Louisville as similar jobs...at least two jobs that aren't drastically different but (and no offense to Purdue) but it would be stunning to see him turn down his alma mater to stay at a program like Purdue...for no other reason than I don't see Purdue outbidding Louisville for him.
So....I would say the idea that Petrino will be fired is a near certainty and that to me, would be the biggest issue to focus on if I'm a Purdue fan. Because then it becomes a fight with Louisville and as I said, if they can afford to fire Petrino then they can afford to pay to get the guy they want....so it then becomes a battle of Purdue and his alma mater/hometown. Under normal circumstances most coaches would probably view Purdue and Louisville as similar jobs...at least two jobs that aren't drastically different but (and no offense to Purdue) but it would be stunning to see him turn down his alma mater to stay at a program like Purdue...for no other reason than I don't see Purdue outbidding Louisville for him.
Ah now this is something I was looking for.
So football attendance and ticket sales aren't an issue for UofL? eg it's one thing to have the seats another to actually generate revenue from them. (Purdue knows this all too well).
Got the link to the revenue data you refer to? I could google it, but I want to make sure I'm looking at the same info you are referring to.
Fair enough. I have similar reasoning as this for why I think Brohm to UofL talk could happen.
I also have quite a few reasons why I think UofL may be pinning too much of their hope on the Brohm to UofL storyline as "wishful thinking" too....
I think both fan bases can be guilty of that.
Personally I'd just like for you to fire Petrino this year. As long as that happens then I like our chances. Get another 2-3 years out then I think the pendulum swings a bit more towards UofL.
If you guys fire him now and lock in another coach then that should quell this for 4-5 years at a minimum (hopefully more if we both have success during that time as well)
https://ope.ed.gov/athletics/#/
Ticket sales and attendance definitely matter ... but what’s most important is selling all of the premium seats and suites. If those big donors aren’t happy, and aren’t going to renew, then that is a major concern.
Ticket sales and attendance definitely matter ... but what’s most important is selling all of the premium seats and suites. If those big donors aren’t happy, and aren’t going to renew, then that is a major concern.
I have found that lots of folks are impressed with revenue and seldom know the difference between gross and net!
Premium seating (and season tickets) at all levels including the NFL have been impacted by the new tax laws
which reduce or eliminate deductibility.
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