How FAU Could Afford To Fire Tom Herman (a sensible contract clause)

[SUMG]

The FAU head coach signed a five-year contract with a base salary of $750,000, including annual incremental increases. For the 2024 college football campaign, Herman’s salary will be $1 million. He’ll earn $1.25 million in 2025, $1.35 million in 2026, and in the final year of the contract, he’ll earn $1.5 million.

 

Herman hadn’t been a head coach since the 2020 season when Texas fired him. He spent time as an analyst for the Chicago Bears in 2021, but made his return to college football when the Owls hired him after the 2022 season.

With FAU headed to the American Athletic Conference, the Owls needed a coach who had experience and could recruit the area well. Herman recruited well at his previous stops, and the administration believed he could do it again in Florida.

If FAU terminates his contract, he will be paid a lump sum of 20 weeks of his annual salary or the remainder of the contract, depending on which number is lower.

 

[Dannymacfan]

8 minutes ago, SUMG said:

If FAU terminates his contract, he will be paid a lump sum of 20 weeks of his annual salary or the remainder of the contract, depending on which number is lower.

 

wow if UNT did not do something similar with Morris I will be extremely disappointed.  Morris had MUCH lower credentials than Hermans did!

[Green with Envy]

I’m not sure I completely follow the math on the Herman contract.   Wouldn’t 20 weeks always be lower?  
 

Here is an abridged version of the Morris contract.    If I’m correct, my math says we can cut him loose right now for 1,980,000   

—————-

Morris will earn a base salary of $900,000 per year, plus guaranteed incentives, including a $300,000 annual radio/television stipend.

The school would be required to pay 100% of Morris’ base salary for the first 36 months of the agreement, plus 60% of his base salary for the last 24 months if he is fired without cause.

 

 

[jtm0097]

https://sportsdata.usatoday.com/ncaa/salaries/football/coach

According to this, his buyout is 2,070,000.

[FirefightnRick]

1 hour ago, SUMG said:

The FAU head coach signed a five-year contract with a base salary of $750,000, including annual incremental increases. For the 2024 college football campaign, Herman’s salary will be $1 million. He’ll earn $1.25 million in 2025, $1.35 million in 2026, and in the final year of the contract, he’ll earn $1.5 million.

 

Herman hadn’t been a head coach since the 2020 season when Texas fired him. He spent time as an analyst for the Chicago Bears in 2021, but made his return to college football when the Owls hired him after the 2022 season.

With FAU headed to the American Athletic Conference, the Owls needed a coach who had experience and could recruit the area well. Herman recruited well at his previous stops, and the administration believed he could do it again in Florida.

If FAU terminates his contract, he will be paid a lump sum of 20 weeks of his annual salary or the remainder of the contract, depending on which number is lower.

 

Imagine that?  Good find StandUp!

 

Rick

[Green with Envy]

2 hours ago, SUMG said:

If FAU terminates his contract, he will be paid a lump sum of 20 weeks of his annual salary or the remainder of the contract, depending on which number is lower.

 

Can someone put an actual number to this?   

[Side.Show.Joe]

On 11/24/2024 at 12:35 PM, Green with Envy said:

I’m not sure I completely follow the math on the Herman contract.   Wouldn’t 20 weeks always be lower?  
 

Here is an abridged version of the Morris contract.    If I’m correct, my math says we can cut him loose right now for 1,980,000   

—————-

 

Morris will earn a base salary of $900,000 per year, plus guaranteed incentives, including a $300,000 annual radio/television stipend.

The school would be required to pay 100% of Morris’ base salary for the first 36 months of the agreement, plus 60% of his base salary for the last 24 months if he is fired without cause.

 

 

Losing too many games seems like cause to me.

[3_n_out]

22 minutes ago, Side.Show.Joe said:

Losing too many games seems like cause to me.

I mean…what other reason for an underperforming coach should there be?

[greenjoe]

And he gets $300,000. for that riveting radio show once a week during football season.  $25,000. per episode.  Now that’s entertainment.

[Green with Envy]

6 hours ago, 3_n_out said:

I mean…what other reason for an underperforming coach should there be?

Bobby Petrino is on line 2 

[3_n_out]

2 hours ago, Green with Envy said:

Bobby Petrino is on line 2 

At least Bobby went out with style

[UNTFan23]

The thing to keep in mind is UNT can put such a clause in a contract but that doesn't mean a coach will agree to sign on the dotted line.

[NT80]

On 11/24/2024 at 12:22 PM, SUMG said:

 

If FAU terminates his contract, he will be paid a lump sum of 20 weeks of his annual salary or the remainder of the contract, depending on which number is lower.

 

At 2-9, FAU should dust off this clause and use it now, lol.