FOOTBALL WATCH: USF interim head coach Daniel Da Prato talks UCF game
- By Russ Wood
- The Bullpen
- 0 Replies
Coach Brian Gregory's contract, and my issue with ADMK...
- By bullpride9
- The Bullpen
- 34 Replies
I posted this in another thread but realized it needed its own thread and discussion because this gets pretty deep and indirectly turns to damning assessment of ADMK.
I do think the BOT, President, and ADMK must truly consider terminating CBG's employment before conference play. As you will read and see in the links below there is no discernable reason to keep him around unless saving $250k for the foundation and USF Athletics in a buyout is the goal, but to get to that savings we have to wait to fire him until April 2nd, 2023, which is during the Final Four-- anyone want to guess how damaging that could be for us in a future coaching search?!?!
I think a lot will depend on the next 2 weeks. If we're winless heading into the St. Francis of Brooklyn game, then I see maybe 3-4 wins on the out-of-conference schedule. If last season is any indication, we won 5 out of conference games, and 3 conference. If we win 3-4 out-of-conference keeping him around is not improving the scenario, and there is no defensible justification for him to stay beyond December 31...get through the football coaching search and then fire CBG!
Now below is supposedly CBG's contract. Now I will say there is a real reason to fire him after April 1, 2023, and that is we save $250k. Here was the issue I had last year with the fact ADMK did not make that move...the buyout wasn't any lower from the year before. This is a very, very poor reflection on ADMK, because he's in a real quandary now, if he waits until after April 1, which would alleviate a $250k, that is the weekend of the Final Four. Essentially, he will have blown a full month on signing a good coach and hopefully staving off transfer disasters. Furthermore, this looks horrific because on April 1, 2023, CBG is also due a bump in pay, as well as his assistants, AND he is then qualified for bonuses APR bonus, GPA above 3.00. So, the fact ADMK did not act last year, when there was no difference in buyout, is a damning assessment of a very poor executive. That buyout responsibility looks to be amalgamated between the Foundation and USF Athletics. There is no additional buyout for the Foundation because within here it is articulated his additional compensation.
Read the fine print of the contract below guys...his base salary is $400k, and additional compensation was $600k in his first year. That is exactly what the Times article on his initial hiring stated. So this provides EXACTLY WHAT HE IS MAKING FROM THE FOUNDATION. For example, today he is still making $400k from the Athletic Department and $725k from the Foundation. There is no top secret buyout for the foundation. IT is all spelled out in his contract extension below. We can track this pretty easily. See below is the Times article when he was initially hired, he had a $400k base salary, and $600k additional compensation. As an employer and man that runs businesses someone did not accurately review his contractual obligations, and realize he received no net value from keeping CBG another year, and in fact would put himself in a real hiring burden if he did wait long enough to get the benefit of $250k in 2023. That is extremely negligence on the part of ADMK, because to me he had every justification and right to recommend termination last spring and choosing to keep CBG another season not only put the program further behind, but it also served no financial purpose. To me that was an emotional decision by ADMK, of which he should not have the luxury to make such a call on the dime of donor money. At this point the more I review this the more it becomes harder to justify ADMK's long-term future employment with USF Athletics. This is gross negligence of a CEO in my opinion.
https://www.documentcloud.org/documents/21187298-brian-gregory-contract
www.tampabay.com
I do think the BOT, President, and ADMK must truly consider terminating CBG's employment before conference play. As you will read and see in the links below there is no discernable reason to keep him around unless saving $250k for the foundation and USF Athletics in a buyout is the goal, but to get to that savings we have to wait to fire him until April 2nd, 2023, which is during the Final Four-- anyone want to guess how damaging that could be for us in a future coaching search?!?!
I think a lot will depend on the next 2 weeks. If we're winless heading into the St. Francis of Brooklyn game, then I see maybe 3-4 wins on the out-of-conference schedule. If last season is any indication, we won 5 out of conference games, and 3 conference. If we win 3-4 out-of-conference keeping him around is not improving the scenario, and there is no defensible justification for him to stay beyond December 31...get through the football coaching search and then fire CBG!
Now below is supposedly CBG's contract. Now I will say there is a real reason to fire him after April 1, 2023, and that is we save $250k. Here was the issue I had last year with the fact ADMK did not make that move...the buyout wasn't any lower from the year before. This is a very, very poor reflection on ADMK, because he's in a real quandary now, if he waits until after April 1, which would alleviate a $250k, that is the weekend of the Final Four. Essentially, he will have blown a full month on signing a good coach and hopefully staving off transfer disasters. Furthermore, this looks horrific because on April 1, 2023, CBG is also due a bump in pay, as well as his assistants, AND he is then qualified for bonuses APR bonus, GPA above 3.00. So, the fact ADMK did not act last year, when there was no difference in buyout, is a damning assessment of a very poor executive. That buyout responsibility looks to be amalgamated between the Foundation and USF Athletics. There is no additional buyout for the Foundation because within here it is articulated his additional compensation.
Read the fine print of the contract below guys...his base salary is $400k, and additional compensation was $600k in his first year. That is exactly what the Times article on his initial hiring stated. So this provides EXACTLY WHAT HE IS MAKING FROM THE FOUNDATION. For example, today he is still making $400k from the Athletic Department and $725k from the Foundation. There is no top secret buyout for the foundation. IT is all spelled out in his contract extension below. We can track this pretty easily. See below is the Times article when he was initially hired, he had a $400k base salary, and $600k additional compensation. As an employer and man that runs businesses someone did not accurately review his contractual obligations, and realize he received no net value from keeping CBG another year, and in fact would put himself in a real hiring burden if he did wait long enough to get the benefit of $250k in 2023. That is extremely negligence on the part of ADMK, because to me he had every justification and right to recommend termination last spring and choosing to keep CBG another season not only put the program further behind, but it also served no financial purpose. To me that was an emotional decision by ADMK, of which he should not have the luxury to make such a call on the dime of donor money. At this point the more I review this the more it becomes harder to justify ADMK's long-term future employment with USF Athletics. This is gross negligence of a CEO in my opinion.
https://www.documentcloud.org/documents/21187298-brian-gregory-contract
Brian Gregory's USF contract: 6 years, $6.58 million
New Bulls men's basketball Brian Gregory has signed a six-year, $6.58-million contract that could extend by a year if the Bulls receive NCAA sanctions.<br/><br/>USF released Gregory's contract --...