Will buyouts prevent head coaching changes? | College Football Enquirer
Yahoo Sports national columnist Dan Wetzel and senior college sports reporter Ross Dellenger are joined by Sports Illustrated’s Pat Forde to discuss the economic effects of head coach buyouts and how the transfer portal should change coaching contracts. Hear the full conversation on the “College Football Enquirer” podcast - and subscribe on Apple Podcasts, Spotify, YouTube or wherever you listen.
Video Transcript
It's time for some money moves presented by Invesco QQQ, the official ETF of the NCAA.
Well, we talk money in college sports.
There's almost nothing bigger than coaching buyouts.
I'm gonna give us a list of teams and fan bases and schools that might want to move on from their guy, but kinda can't Lincoln Riley at us.
C that's a private school.
We don't have the full details, but I think Rossi reported 90 million as his buy out.
That's what I've heard.
I would, I would be safe to say that it's Jimbo Fisher ish money at least, right?
At least like 75 to 80 million.
Ok.
So now you got him and you're not winning Florida State, one of the worst teams in the country this year.
Granted, they were undefeated last year.
Alabama comes calling, they give Mike Norvell a huge deal.
63.8 million reported buy out uh Billy Napier of Florida is 26.
I guess you can pay that.
We talked about LSU and Brian Kelly, 60 million for Brian Kelly.
They may start looking up that details depending on how Saturday goes, James Franklin.
I don't really know how you buy out a guy who almost wins every game but 56.7 million.
Uh, and then the, the creme de la creme was Brent Venables at Oklahoma who got a contract extension last summer and they said, well, you gotta get paid like an sec coach.
How does that like an sec coach?
That was the excuse.
Yeah.
So he has a $44.8 million buy out.
And I, I'm not saying you bought, you, fire any of these guys.
I actually think you work with them.
But is this just been the agents getting the better of the schools?
And does this ever change pat?
Well, it certainly needs to change.
As you said, the economics of the sport are changing dramatically and the other part, the other part of it is, you know, the long terms of these contracts were always justified by saying we need it for recruiting.
We need the, the security of having guys for five years to know that they're gonna have.
Their coach recruiting is now a year to year proposition with the portal.
You don't, you know, you're not, you're not going out and getting classes for five years anymore.
So there's less reason to do it.
There's should be less money to go around and there should be less tolerance of having these outrageous buyouts when you're sitting there allegedly standing on a street corner, putting out a coffee can asking the fans for more nickels so you can pay the house settlement.