as has been posted. Does that stick us with KP because we surely won't have the money to hire an upgrade..?
So if we pay Brohm 7 mil a year
- Thread starter Cardiac Red
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Donors maybe kicking in money towards that so UofL not paying all of it.
Hiring an upgrade is only half the problem. There’s the matter of an $8 million buyout…
No kidding... And KP is unlikely to walk away so basketball looks screwed for the foreseeable future.
I'll be more than happy to be proven wrong.
Brohm not settling for hometown discount. They’ll get this done but not a slam dunk.
Really? Thats your reasoning for not hiring the best coach for U of L that is currently available??? They are not tied together. You get the best football coach possible and if we need to fire CKP, we do that too.
Where did I say not to hire Brohm ? I'm all for hiring him. Matter of fact if we don't hire him we're probably screwed.
My point, which some of you are having trouble translating is if we pay this for Brohm it's going to cut down our options for making a move on KP.
Hey maybe I've paid to much attention to Zipps Financials and we have more money than I think but I sure don't see how. Happy to be wrong..
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On the money side of things, it's all interrelated.
But if you're determined to spend everything you can find, liquidate, or borrow, you can keep this up for awhile. I'm amazed U of L checks are still clearing the bank (assuming they are...)
It also doesn't take a detective to figure this out. It's why Fred Cowgill asked Josh Heird about money at the presser. U of L's finances are the worst kept secret in town. Everyone knows there's an end game involved...
I know the coaching salaries are all interrelated as Zipp mentioned but how many coaching changes has this program undergone lately? Didn't we always (up till now) come up with a coaching hire? We paid Mack pretty good.. Its not like we went out and brought someone in who was cheap. Could better decisions/hires been made? Certainly, but thats the AD's job, something us as fans can't really do much about except attend games or stay at home. Well with the exception of Zipp, his job is to keep reminding us how bad it was to let TJ go...
Coaching hires are an absolute crap shoot. I have no idea if money was a factor last time with Brohm but it can’t be this time around. I think Brohm has the potential to energize the fanbase and boosters. He will sell the football program. Which we haven’t had since Howard/JL.
You know we used to never really cared about wins and losses with Howard. We just believed in his vision. It was so much better than bitching about every loss.
Basketball is a mess but we have to see what happens roster wise next year. I think that is his come to Jesus or bridge year. Without a significant upgrade he probably won’t survive.
Nobody, I mean nobody can be expected to be paid significantly less than their worth even though fans expect them to. Its absurd to think that way. We want you but we don't want to pay you because we have made some bad financial decisions in the past....
TYou have to give him 2 years so other coaches don't resent you for firing him without giving him a chance.
I still do not understand the hire - he worked for Caliper forever. Cal is Mr. Slimeball.
We are coming up with a coaching hire now (apparently) we also have a basketball coach we did hire on the cheap and he has to go ! If you understand all athletic salaries are interrelated how do you not understand when you pay a load for one guy it's going to "probably " effect what kind of moves you can make on another position. That's my point. I'm not against hiring Brohm in anyway shape or form. Hell I'm happy about it. I sure am worried about our basketball program though. And it's just fact if we pay $7 mil as has been thrown around on here by several people and we are in the poor financial shape we're told we're in it doesn't look good for our basketball program.
CKP will turn it around or not. If he doesn't you promote Danny Manning, already on payroll and he either wins or doesn't and then you wait until the end of the year and find a new coach. Wash, spin, recycle...
I'm ok with that as long as we can afford to make a good move. I'm just tired of having a losing basketball program.. Hopefully we're not as broke as we've been told or if we are someone comes out of the woodwork with some private funds to help make a move..
Purely from a fan standpoint, I'm happy too. At this point, Brohm's the best hire to rebuild from this mess.
It's not his job to do that himself. He didn't create the huge financial hole we're in, but he's running the program that far and away brings in the most revenue. So we have that guy in the right position.
The issue being raised is "I thought we couldn't afford Brohm." And my response is we can't. Just because you have a Mercedes in your driveway doesn't mean you can afford it. Often it simply means you found someone stupid enough to give you the money.
It's true that the buyout money we're reportedly receiving for Satterfield will defray much of Brohm's salary increase the first couple years. Our finances decline by around $10 million annually BEFORE we start paying Brohm significantly more money. And it's not his fault we were already in that situation, nor do I expect our finances to improve by that amount plus his salary increase.
One right move ain't fixing this problem when we've made so many bad financial decisions. I'm reasonably confident the benefit from Brohm's hire will cover his higher salary. But not much more yet...
We don't have to give him squat. Nobody in their right mind is going to think bad of the university for ditching a total failure..
We're not going to win 5 games and that's being optimistic..
Zipp I'm hearing boost in ticket sales is already happening. I know that's an assumption but play along, if this is true, what's that impact on the financial end?
Call me naive but I really think they sell out Brohm's first game. Again not sure how much the helps but man if he hits the ground running maybe this helps the $ issue???
I'm hoping this is the case and we start drawing at least 45 -50 per game as in that many people in the seats not just tickets sold.
But, call me skeptical, this fanbase has always looked for reasons not to show up to games like, to hot, to cold, to early, to late, to windy, St James art fair, Luke Combs concert ( I even went to that one 🤣) just is what it is and that has been true through every good coach we've ever had with the exception of high profile games on a Friday or Saturday night.
Hope Brohm can change that culture.
I agree but I feel a buzz with this hire. I really do. I'm not predicting greatness but I think this is a guy the fans are ready to rally around. I think when you combine that with the downfall of the basketball program maybe, just maybe some fans are going to put up. I'm going to try to drag my old ass out there it's not easy for me anymore but I want to be there!
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If I'm driving from Houston to Louisville to watch a game then I don't want to hear one damn word about "too anything" from anyone.
The below are acceptable anything else will be considered bullshit.
Acceptable
1) Funeral
2) Family Emergency
3) Birth
4) Jail/Court/Jury Duty
5) Deployed
6) Held hostage
7) Flight canceled
8) Wedding (Family members only or best man/brides maid duty)
9) You have no sick days left and you have to work
10) Driving to cash lotto jackpot winning ticket
😄
The below are acceptable anything else will be considered bullshit.
Acceptable
1) Funeral
2) Family Emergency
3) Birth
4) Jail/Court/Jury Duty
5) Deployed
6) Held hostage
7) Flight canceled
8) Wedding (Family members only or best man/brides maid duty)
9) You have no sick days left and you have to work
10) Driving to cash lotto jackpot winning ticket
😄
On a very simple level, nearly 100% of football costs are fixed expenses. So each additional ticket sold is very valuable. Again very simplistic but I think our average number of tickets sold was around 40,000 this past season. If we can increase that to 50,000 then we will practically cover the incremental salary between Satt staff and Brohm staff. Selling tickets is a very important thing and that doesn’t account for potential increases in donations.
Ticket office salesperson estimated that they sold approximately 1,000 season tickets today alone, mine included.
Agree with most of the comments about higher football operating revenue. So let's wag some numbers...
If attendance jumps by 10,000 per game, that will be close to an all time high. Somewhere in the vicinity of 52,000 average. For a six-game home schedule, that's a total of 60,000 more tickets/fans.
In another thread, I discussed the game day revenue (GDR) that U of L receives. LINK That number maxed out in 2018 at a little under $70. The product 60,000 x 70 = $4.2 million in incremental revenue. (Read that linked thread to see what's included under GDR.)
That easily covers Brohm's higher annual salary of around $2.5 million, the difference between Brohm's and Satterfield's salaries. But keep in mind my estimates above are somewhat generous for GDR and attendance.
CONCLUSION: Based on what I can identify as direct revenue streams, the Brohm hire is financially justified, but it doesn't much help athletics' overall issues. Athletics finances are declining around $10 million annually. There would have to be other, less direct revenue streams (gifts/donations?) that are significantly improved. A good start would be stadium naming rights...
If attendance jumps by 10,000 per game, that will be close to an all time high. Somewhere in the vicinity of 52,000 average. For a six-game home schedule, that's a total of 60,000 more tickets/fans.
In another thread, I discussed the game day revenue (GDR) that U of L receives. LINK That number maxed out in 2018 at a little under $70. The product 60,000 x 70 = $4.2 million in incremental revenue. (Read that linked thread to see what's included under GDR.)
That easily covers Brohm's higher annual salary of around $2.5 million, the difference between Brohm's and Satterfield's salaries. But keep in mind my estimates above are somewhat generous for GDR and attendance.
CONCLUSION: Based on what I can identify as direct revenue streams, the Brohm hire is financially justified, but it doesn't much help athletics' overall issues. Athletics finances are declining around $10 million annually. There would have to be other, less direct revenue streams (gifts/donations?) that are significantly improved. A good start would be stadium naming rights...
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