Ron Mexico Posted February 7, 2022 Report Share Posted February 7, 2022 12 minutes ago, HuskerFever said: I don't think that's accurate... https://journalstar.com/sports/huskers/mens-basketball/extension-hefty-buyout-part-of-hoiberg-contract-that-was-quietly-revised-in-2020/article_668a9258-cdd7-5fd8-acb9-009ecd1323f0.html The language of Hoiberg's contract would also make it financially difficult for the coach to leave for another Division I job in the first five years of his deal. If Hoiberg was to resign at Nebraska for another DI job, he would have owed Nebraska $11.5 million after Year 1, $10.25 million after Year 2, $8.75 million after Year 3 (this year), $7 million after Year 4, and $5.25 million after Year 5. However, if Hoiberg were to resign for a basketball position (coaching or executive position) outside of NCAA DI (i.e. the NBA), he would owe Nebraska $2.5 million after Year 1, $2 million after Year 2, $1.5 million after Year 3, $500,000 after Year 4 and $250,000 after Year 5. In either scenario, Hoiberg would not owe the school anything should he leave in the final two years of his deal. The part quoted talks about him leaving voluntarily. That has never been in my thought process. Here is the part of the article relevant to him being fired. Quote That means Hoiberg would be owed $18.5 million if he were fired after this season — $3.5 million for each of the five years after this season plus the $1 million in retention bonuses. We are in a really bad spot here...really bad if we want to outright fired him. We'd owe him everything. FH is also in a bad spot as he can't just leave otherwise he would owe us. While our bad spot is financial Fred's bad spot is his reputation. If there is a parting of ways it will be a negotiated buyout. Husker4theSpurs and huskerbill85 1 1 Quote Link to comment Share on other sites More sharing options...
HuskerFever Posted February 7, 2022 Report Share Posted February 7, 2022 8 minutes ago, Ron Mexico said: We are in a really bad spot here...really bad if we want to outright fired him. We'd owe him everything. FH is also in a bad spot as he can't just leave otherwise he would owe us. While our bad spot is financial Fred's bad spot is his reputation. If there is a parting of ways it will be a negotiated buyout. Agreed on all fronts here. Ron Mexico 1 Quote Link to comment Share on other sites More sharing options...
The Polish Rifle Posted February 7, 2022 Report Share Posted February 7, 2022 12 minutes ago, Ron Mexico said: The part quoted talks about him leaving voluntarily. That has never been in my thought process. Here is the part of the article relevant to him being fired. We are in a really bad spot here...really bad if we want to outright fired him. We'd owe him everything. FH is also in a bad spot as he can't just leave otherwise he would owe us. While our bad spot is financial Fred's bad spot is his reputation. If there is a parting of ways it will be a negotiated buyout. But Nebraska would never make Fred pay us to leave, right? I’m sure Trev has already let it be known if Fred finds an nba job he wanted, he could just leave and anything he owed us would be waived. Ron Mexico 1 Quote Link to comment Share on other sites More sharing options...
Ron Mexico Posted February 7, 2022 Report Share Posted February 7, 2022 11 minutes ago, The Polish Rifle said: But Nebraska would never make Fred pay us to leave, right? I’m sure Trev has already let it be known if Fred finds an nba job he wanted, he could just leave and anything he owed us would be waived. That would be ideal. The elephant in the room is that we still owe him $18.5mill over the next 5 years. This brings me back to negotiated buyout. Quote Link to comment Share on other sites More sharing options...
Vinny Posted February 7, 2022 Report Share Posted February 7, 2022 1 hour ago, uneblinstu said: I don’t think beer generates *that* much revenue… I’m in the beer industry, a 16oz pour will cost a bar/restaurant anywhere from ~$0.70-$2.00 depending on the style/brewery. At $10-12 per glass, the margin is very good for major venues. I’d also imagine they’re getting a bulk discount from the distributor or to keep dedicated taps etc. cornfed24-7 1 Quote Link to comment Share on other sites More sharing options...
hal9000 Posted February 7, 2022 Report Share Posted February 7, 2022 2 hours ago, uneblinstu said: I don’t think beer generates *that* much revenue… It’s not that the revenue from beer sales would help with the steep buyout. My point is, Trev is faced with very difficult decision. Fire Fred, and it’s beaucoup buyout. Keep Fred and he’s faced with an unenthusiastic fan base, and selling season tickets is going to be a challenge. If fans know beer can be purchased at PBA games for the first time, season ticket sales might be sustained, at least for another year. So financially speaking, Trev could hold out one more year and keep Fred, thereby punting the buyout problem down the road, and hope to God he can turn it around next season. Quote Link to comment Share on other sites More sharing options...
cornfed24-7 Posted February 7, 2022 Report Share Posted February 7, 2022 1 hour ago, Vinny said: I’m in the beer industry, a 16oz pour will cost a bar/restaurant anywhere from ~$0.70-$2.00 depending on the style/brewery. At $10-12 per glass, the margin is very good for major venues. I’d also imagine they’re getting a bulk discount from the distributor or to keep dedicated taps etc. Yay math! Busy at the moment but this seems like an easy calculation I am going to do when I get some time UNLESS someone beats me to it Quote Link to comment Share on other sites More sharing options...
Vinny Posted February 7, 2022 Report Share Posted February 7, 2022 The athletic department can make $18.5 mil by selling about 2.25 million beers. Quote Link to comment Share on other sites More sharing options...
busticket Posted February 7, 2022 Report Share Posted February 7, 2022 If we can manage to keep attendance up, the product on the floor should lead to a serious level of beer consumption. Bugeaters1 1 Quote Link to comment Share on other sites More sharing options...
Nebrasketball1979 Posted February 7, 2022 Report Share Posted February 7, 2022 1 minute ago, Vinny said: The athletic department can make $18.5 mil by selling about 2.25 million beers. That sounds like a challenge most on this board would be willing to accept. cornfed24-7, Vinny, Bugeaters1 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
HuskerFever Posted February 7, 2022 Report Share Posted February 7, 2022 Is it just me or is it demoralizing that we could have used $18.5M some other way to really elevate our program to heights it hasn't experienced before? Instead it all just goes to one man and Uncle Sam. Quote Link to comment Share on other sites More sharing options...
Vinny Posted February 7, 2022 Report Share Posted February 7, 2022 29 minutes ago, Nebrasketball1979 said: That sounds like a challenge most on this board would be willing to accept. Count me in. Quote Link to comment Share on other sites More sharing options...
Handy Johnson Posted February 7, 2022 Report Share Posted February 7, 2022 I hope they keep alcohol sales out of Memorial Stadium & PBA. Having a couple brews or being blind drunk won’t change the product on the field or the court. What you make in revenue you’ll lose in the overall quality & tenor of the crowd. BjoeHusker and Cazzie22 2 Quote Link to comment Share on other sites More sharing options...
Faux Mike Peltz Posted February 7, 2022 Report Share Posted February 7, 2022 I’m not sure the university gets 100% of the concession revenue. SMG and the beverage arm- SAVOR oversee and manage the PBA concessions and since PBA is not owned by the university, rather, they are tenants, I don’t think they get the full revenue from concessions like they do at Memorial Stadium or the Devaney… Quote Link to comment Share on other sites More sharing options...
hhcscott Posted February 7, 2022 Report Share Posted February 7, 2022 I'm confused...U of A in Tucson started selling beer a few seasons ago, probably saw the train wreck of the Sumlin era coming, and crowds did not increase or stay the same, they shrunk. Three dreadful seasons of Sumlin and one bad ( but too soon to tell) season of Fisch and MLS preseason is likely to draw bigger crowds. (The 4th Avenue St Fair does) I can sit home and watch a team quit on a coach with beers that cost less than half stadium prices. Why would anyone be enticed by overpriced beer if they no longer buying into the team? Beer is not keeping the arena full. HuscurAdam, CanadianHusker, Ron Mexico and 5 others 3 5 Quote Link to comment Share on other sites More sharing options...
Vinny Posted February 7, 2022 Report Share Posted February 7, 2022 6 hours ago, hhcscott said: I'm confused...U of A in Tucson started selling beer a few seasons ago, probably saw the train wreck of the Sumlin era coming, and crowds did not increase or stay the same, they shrunk. Three dreadful seasons of Sumlin and one bad ( but too soon to tell) season of Fisch and MLS preseason is likely to draw bigger crowds. (The 4th Avenue St Fair does) I can sit home and watch a team quit on a coach with beers that cost less than half stadium prices. Why would anyone be enticed by overpriced beer if they no longer buying into the team? Beer is not keeping the arena full. I’m not saying it would bring more people in. I wouldn’t go just because of it. But I would definitely enjoy a beer or two when at a game. Especially a baseball or football game. It’s quite nice enjoying a day, a beer and a game. And if folks are talking adding alcohol sales to offset one, or two potentially, huge buyouts, I was just saying how many we’d have sell to make up for eating those buyouts. It’s a lot of beer. Faux Mike has a point as well. I’m sure at PBA especially 100% of beer revenue would not be heading back to the athletic department. Quote Link to comment Share on other sites More sharing options...
Jugular Posted February 7, 2022 Report Share Posted February 7, 2022 13 hours ago, Ron Mexico said: It's his 1st season. For reference here are the 4 previous seasons before Miles got there: SEASON W - Overall L - Overall W/L % - Overall W - Conf L - Conf W/L % - Conf 2020-21 5 16 0.238 2 12 0.143 2019-20 7 24 0.226 3 15 0.167 2018-19 4 27 0.129 1 17 0.056 2017-18 4 26 0.133 1 17 0.056 Hey now, don’t bring facts into the discussion Quote Link to comment Share on other sites More sharing options...
Norm Peterson Posted February 7, 2022 Report Share Posted February 7, 2022 13 hours ago, uneblinstu said: I don’t think beer generates *that* much revenue… Half-price shots if we get down 20 in the first half. They'd be rolling in dough. CanadianHusker, Vinny and Ron Mexico 3 Quote Link to comment Share on other sites More sharing options...
Ron Mexico Posted February 7, 2022 Report Share Posted February 7, 2022 27 minutes ago, Jugular said: Hey now, don’t bring facts into the discussion It's actually much worse than that. From the 1988/89 season to now they have had 2 winning seasons. During that same time frame they have had 1 winning conference season. Interestingly enough, during that same time frame they qualified for the NCAA tourney during the 1995/96 season by winning the Big West Conference tournament. They finished the season 13-17. Quote Link to comment Share on other sites More sharing options...
Ron Mexico Posted February 7, 2022 Report Share Posted February 7, 2022 11 hours ago, HuskerFever said: Is it just me or is it demoralizing that we could have used $18.5M some other way to really elevate our program to heights it hasn't experienced before? Instead it all just goes to one man and Uncle Sam. Serious question, what more can be done at this point? Is there anything missing that we can control to make this a more attractive spot for coaches and recruits? Quote Link to comment Share on other sites More sharing options...
hhcscott Posted February 7, 2022 Report Share Posted February 7, 2022 9 minutes ago, Ron Mexico said: Serious question, what more can be done at this point? Is there anything missing that we can control to make this a more attractive spot for coaches and recruits? Hand the 18.5 million in a paper bag(I mean nil) directly to recruits? I'm sorry you said serious question. That is the challenge. We already changed everything, we thought for the better, in the last ten years and are getting blown out by Northwestern and compared unfavorably to Wyoming. Quote Link to comment Share on other sites More sharing options...
BannedAccount Posted February 7, 2022 Report Share Posted February 7, 2022 11 hours ago, busticket said: If we can manage to keep attendance up, the product on the floor should lead to a serious level of beer consumption. Id rather stay at home and drink cheaper beer if im forced to watch this product. Quote Link to comment Share on other sites More sharing options...
BannedAccount Posted February 7, 2022 Report Share Posted February 7, 2022 14 minutes ago, Ron Mexico said: Serious question, what more can be done at this point? Is there anything missing that we can control to make this a more attractive spot for coaches and recruits? At this point its finding the right guy Quote Link to comment Share on other sites More sharing options...
BannedAccount Posted February 7, 2022 Report Share Posted February 7, 2022 14 hours ago, uneblinstu said: I don’t think beer generates *that* much revenue… Probably looking at a $1M for a fb season with all the fans. In reality its not that much. Quote Link to comment Share on other sites More sharing options...
BjoeHusker Posted February 7, 2022 Report Share Posted February 7, 2022 19 hours ago, NUdiehard said: Miles is currently winless (0-10) in the Mountain West Conference. And has a 36 point home loss to CSU (how ironic), a 25 point loss to UNLV, a 30 point home loss to Fresno St., a 20 point road loss to Fresno St., multiple other 16+ point losses. And? Quote Link to comment Share on other sites More sharing options...
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