The coming year is going to be an endurance test for football fans. I heard Deener on his radio show Wednesday morning lamenting it and still talking up the chance that Satterfield will be fired. As unlikely as that is--for financial and other reasons--I worked up a buyout total for the coming calendar year if Satterfield and his staff were terminated. Here are the numbers as best I can estimate and a little explanation thereafter...
12/31/2021: $9.3 million
1/31/2022: $8.8
2/28/2022: $8.2
3/31/2022: $7.7
4/30/2022: $7.2
5/31/2022: $6.7
6/30/2022: $9.9
7/31/2022: $9.4
8/31/2022: $8.9
9/30/2022: $8.4
10/31/2022: $7.9
11/30/2022: $7.3
12/31/2022: $6.8
Using a few estimates for salaries I can't find, the assistants' salaries total about $3.8 million annually. Normally, assistants are on one year contracts that run the fiscal year. That's the assumption I made here with the assistants paid off on 6-30-2022 for their current contracts.
The problem you run into is that the assistants have to be kept under contract. So on 6-30-2022, another set of one year contracts would be signed. Assuming no one gets a raise and assistants are paid in full--normally the case--the buyout total jumps over $3 million at the middle of next year.
Of course, this math is obvious to football insiders. And if U of L decided to terminate the football staff, it would likely choose an optimum point economically to do that. But the average of the twelve 2022 amounts is $8.1 million, probably higher than people like us are walking around with in our heads.
Satterfield is to be paid 75% of his remaining contract of $3.25 million annually that runs through 12-31-2024. He's also receiving an annual bonus of $0.1 million for academic progress which I'm assuming he receives along with his base. That calculation works out to about $7.4 million starting the year and ending at $5.0 million this time next year.
I think these numbers are largely moot since we don't have money anymore to pay buyouts. But there are still those who do believe those funds exist, and we need to be on the same page what that hypothetical cost would be...
12/31/2021: $9.3 million
1/31/2022: $8.8
2/28/2022: $8.2
3/31/2022: $7.7
4/30/2022: $7.2
5/31/2022: $6.7
6/30/2022: $9.9
7/31/2022: $9.4
8/31/2022: $8.9
9/30/2022: $8.4
10/31/2022: $7.9
11/30/2022: $7.3
12/31/2022: $6.8
Using a few estimates for salaries I can't find, the assistants' salaries total about $3.8 million annually. Normally, assistants are on one year contracts that run the fiscal year. That's the assumption I made here with the assistants paid off on 6-30-2022 for their current contracts.
The problem you run into is that the assistants have to be kept under contract. So on 6-30-2022, another set of one year contracts would be signed. Assuming no one gets a raise and assistants are paid in full--normally the case--the buyout total jumps over $3 million at the middle of next year.
Of course, this math is obvious to football insiders. And if U of L decided to terminate the football staff, it would likely choose an optimum point economically to do that. But the average of the twelve 2022 amounts is $8.1 million, probably higher than people like us are walking around with in our heads.
Satterfield is to be paid 75% of his remaining contract of $3.25 million annually that runs through 12-31-2024. He's also receiving an annual bonus of $0.1 million for academic progress which I'm assuming he receives along with his base. That calculation works out to about $7.4 million starting the year and ending at $5.0 million this time next year.
I think these numbers are largely moot since we don't have money anymore to pay buyouts. But there are still those who do believe those funds exist, and we need to be on the same page what that hypothetical cost would be...
Last edited: