Where will Cal get the money and have enough to hire a new coach?

The Magic of Memorial.

Same source who paid last buyout.

wifeisafurd said:

---

Same source who paid last buyout.

---

A former SquareJaw fan?

Win some more games, get 10,000 - 15,000 more fans in the stadium on Saturdays, done in less than 2 seasons

Exactly. Also, another year of Wlcox would have canceled my season tickets so it doesn't even need to all be new ticket sales. Glad they made the change because I really did not want to cancel.

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

calumnus said:

---

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

---

Typically there is what happened in the Franklin case where there is a negotiated up front buy-out. This happens when the coach gets a new job lined-up (there will be a lot of DC positions opening-up in the coaching carousal), there are state taxes to consider, time value of money, and the like. In Franklin's case, he settled for something like $9million rathe than the remaining $50 million "buy-out over the remaining contract period, contingent on signing an agreement with VA Tech

It used to be that donors funded these things, but as Sebsterbear corrected me, Cal (not donors) is picking up the tab these days on severance. This apparently has become the norm, as evidenced by the Louisiana Governor's recent outburst regarding the taxpayers having to play Brian Kelly's $54 million "buyout" (Now that someone has explained to the Governor the economics and importance of college football in Louisiana, he has since shut-up, and the AD was fired to become the fall guy).

As an aside, it often is difficult to get donors to fund severance payments, as they rightfully don't like to see their money used for someone else's mistakes.

As an aside, USC is supposedly going to play somewhere around $100 million to get rid of Riley.

wifeisafurd said:

---

calumnus said:

---

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

---

Typically there is what happened in the Franklin case where there is a negotiated up front buy-out. This happens when the coach gets a new job lined-up (there will be a lot of DC positions opening-up in the coaching carousal), there are state taxes to consider, time value of money, and the like. In Franklin's case, he settled for something like $9million rathe than the remaining $50 million "buy-out over the remaining contract period, contingent on signing an agreement with VA Tech

It used to be that donors funded these things, but as Sebsterbear corrected me, Cal is picking up the tab these days on severance. This apparently has become the norm, as evidenced by the Louisiana Governor's recent outburst regarding the taxpayers having to play Brian Kelly's $54 million "buyout" (Now that someone has explained to the Governor the economics and importance of college football in Louisiana, he has since shut-up, and the AD was fired to become the fall guy).

As an aside, it often is difficult to get donors to fund severance payments, as they rightfully don't like to see their money used for someone else's mistakes.

---

Oregon State is reportedly interviewing him, which would be good for us and for him and his friends.

Oregon state? Would be ironic if he coaches his Alma Mater's Rival. Perhaps he takes on the DC role at Oregon after Tosh Signs.

calumnus said:

---

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

---

Penn State is going to pay James Franklin something like less than 20% of his buyout because of what you just stated.

ducktilldeath said:

---

calumnus said:

---

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

---

Penn State is going to pay James Franklin something like less than 20% of his buyout because of what you just stated.

---

Exactly. If Oregon State hires him that is found money.

calumnus said:

---

ducktilldeath said:

---

calumnus said:

---

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

---

Penn State is going to pay James Franklin something like less than 20% of his buyout because of what you just stated.

---

Exactly. If Oregon State hires him that is found money.

---

Which is why he should have been fired years ago.

ducktilldeath said:

---

calumnus said:

---

ducktilldeath said:

---

calumnus said:

---

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

---

Penn State is going to pay James Franklin something like less than 20% of his buyout because of what you just stated.

---

Exactly. If Oregon State hires him that is found money.

---

Which is why he should have been fired years ago.

---

Amen. Moreover he shouldn't have been hired or extended, extended again and extended again in the first, second, third and fourth place…

calumnus said:

---

ducktilldeath said:

---

calumnus said:

---

ducktilldeath said:

---

calumnus said:

---

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

---

Penn State is going to pay James Franklin something like less than 20% of his buyout because of what you just stated.

---

Exactly. If Oregon State hires him that is found money.

---

Which is why he should have been fired years ago.

---

Amen. Moreover he shouldn't have been hired or extended, extended again and extended again in the first, second, third and fourth place…

---

I'm excited for you.

Trumpanzee said:

---

Where will Cal get the money and have enough to hire a new coach?

---

All Cal has to do is buy just 30 spot bitcoin at the current price and they will get their $10 million by the end of 2nd quarter 2026. No leverage required! Not financial advice.

Drinking Pinot with hamburger steak.

The Coaching Carousel of Cash.

TandemBear said:

---

The Coaching Carousel of Cash.

---

Biddness.

calumnus said:

---

wifeisafurd said:

---

---

Oregon State is reportedly interviewing him, which would be good for us and for him and his friends.

---

I think he will do well there. He's a good coach. Things were promising around 2019. Covid really messed him up and he needs a change.

AXLBear said:

---

calumnus said:

---

wifeisafurd said:

---

---

Oregon State is reportedly interviewing him, which would be good for us and for him and his friends.

---

I think he will do well there. He's a good coach. Things were promising around 2019. Covid really messed him up and he needs a change.

---

He always liked surrounding himself with guys from the Pacific Northwest and recruiting kids from the Mountain West (new Pac-10) footprint. Was never going to work at Cal but could be solid at Oregon State in the new Pac-10. Maybe he brings Harsin or Rolovich with him as OC? Or brings back Baldwin or Musgrave?

calumnus said:

---

AXLBear said:

---

calumnus said:

---

wifeisafurd said:

---

---

Oregon State is reportedly interviewing him, which would be good for us and for him and his friends.

---

I think he will do well there. He's a good coach. Things were promising around 2019. Covid really messed him up and he needs a change.

---

He always liked surrounding himself with guys from the Pacific Northwest and recruiting kids from the Mountain West (new Pac-10) footprint. Was never going to work at Cal but could be solid at Oregon State in the new Pac-10. Maybe he brings Harsin or Rolovich with him as OC? Or brings back Baldwin or Musgrave?

---

Wilcox is not in the mix for Oregon State.
They contacted him and he evidently said no thanks. Regardless, it went nowhere. I'll be surprised if Wilcox doesn't take a break for a bit.

Alkiadt said:

---

calumnus said:

---

AXLBear said:

---

calumnus said:

---

wifeisafurd said:

---

---

Oregon State is reportedly interviewing him, which would be good for us and for him and his friends.

---

I think he will do well there. He's a good coach. Things were promising around 2019. Covid really messed him up and he needs a change.

---

He always liked surrounding himself with guys from the Pacific Northwest and recruiting kids from the Mountain West (new Pac-10) footprint. Was never going to work at Cal but could be solid at Oregon State in the new Pac-10. Maybe he brings Harsin or Rolovich with him as OC? Or brings back Baldwin or Musgrave?

---

Wilcox is not in the mix for Oregon State.
They contacted him and he evidently said no thanks. Regardless, it went nowhere. I'll be surprised if Wilcox doesn't take a break for a bit.

---

Presumably that means a negotiated lower buyout?

ecb said:

---

Alkiadt said:

---

calumnus said:

---

AXLBear said:

---

calumnus said:

---

wifeisafurd said:

---

---

Oregon State is reportedly interviewing him, which would be good for us and for him and his friends.

---

I think he will do well there. He's a good coach. Things were promising around 2019. Covid really messed him up and he needs a change.

---

He always liked surrounding himself with guys from the Pacific Northwest and recruiting kids from the Mountain West (new Pac-10) footprint. Was never going to work at Cal but could be solid at Oregon State in the new Pac-10. Maybe he brings Harsin or Rolovich with him as OC? Or brings back Baldwin or Musgrave?

---

Wilcox is not in the mix for Oregon State.
They contacted him and he evidently said no thanks. Regardless, it went nowhere. I'll be surprised if Wilcox doesn't take a break for a bit.

---

Presumably that means a negotiated lower buyout?

---

I have no idea. I just said I would not be surprised if he took some time off.
He does not have to accept the first job even if it is offered. I understand Oregon state reached out to him. Not the other way around. They're desperate….

Alkiadt said:

---

ecb said:

---

Alkiadt said:

---

calumnus said:

---

AXLBear said:

---

calumnus said:

---

wifeisafurd said:

---

---

Oregon State is reportedly interviewing him, which would be good for us and for him and his friends.

---

I think he will do well there. He's a good coach. Things were promising around 2019. Covid really messed him up and he needs a change.

---

He always liked surrounding himself with guys from the Pacific Northwest and recruiting kids from the Mountain West (new Pac-10) footprint. Was never going to work at Cal but could be solid at Oregon State in the new Pac-10. Maybe he brings Harsin or Rolovich with him as OC? Or brings back Baldwin or Musgrave?

---

Wilcox is not in the mix for Oregon State.
They contacted him and he evidently said no thanks. Regardless, it went nowhere. I'll be surprised if Wilcox doesn't take a break for a bit.

---

Presumably that means a negotiated lower buyout?

---

I have no idea. I just said I would not be surprised if he took some time off.
He does not have to accept the first job even if it is offered. I understand Oregon state reached out to him. Not the other way around. They're desperate….

---

I guess it would also depend on how hard he / his agent / we wanted to negotiate.

Oregon State was rebuffed by Wilcox and then by the other front-runner. They have a tough job there. I suspect they will continue to decline. Hopefully Phil Knight does something for them to keep them in the football business because they got issues. That could have been Cal (and still could be if we do not make a good choice).

Trumpanzee said:

---

Where will Cal get the money and have enough to hire a new coach?

---

There were no good options. The buyout was the best of bad options. Let's say the Athletic Department opted to keep him under the current contract, but not extend him (which was the next most likely scenario). He would have had real difficulty recruiting anyone unless we were going to lay out big NIL money because all of the recruits would have known Wilcox was a sinking ship.

It could be worse - a Brian Kelly or James Franklin level buyout.

AXLBear said:

---

calumnus said:

---

wifeisafurd said:

---

---

Oregon State is reportedly interviewing him, which would be good for us and for him and his friends.

---

HE IS NOT A GOOD COACH
I think he will do well there. He's a good coach. Things were promising around 2019. Covid really messed him up and he needs a change.

---

Oski87 said:

---

Oregon State was rebuffed by Wilcox and then by the other front-runner. They have a tough job there. I suspect they will continue to decline. Hopefully Phil Knight does something for them to keep them in the football business because they got issues. That could have been Cal (and still could be if we do not make a good choice).

---

Cal is in a different position, being a much larger school in a larger media market, so maybe wasn't ever going to get screwed as badly as OSU. But still, yes, it's a cautionary tale.

calumnus said:

---

ducktilldeath said:

---

calumnus said:

---

ducktilldeath said:

---

calumnus said:

---

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

---

Penn State is going to pay James Franklin something like less than 20% of his buyout because of what you just stated.

---

Exactly. If Oregon State hires him that is found money.

---

Which is why he should have been fired years ago.

---

Amen. Moreover he shouldn't have been hired or extended, extended again and extended again in the first, second, third and fourth place…

---

Yup. Though to me the real issue with pushing for his firing before now was that Jim Knowlton would have been picking the replacement, so was there really anything to be gained? Different story now that Ron Rivera is here.

Alkiadt said:

---

ecb said:

---

Alkiadt said:

---

calumnus said:

---

AXLBear said:

---

calumnus said:

---

wifeisafurd said:

---

---

Oregon State is reportedly interviewing him, which would be good for us and for him and his friends.

---

I think he will do well there. He's a good coach. Things were promising around 2019. Covid really messed him up and he needs a change.

---

He always liked surrounding himself with guys from the Pacific Northwest and recruiting kids from the Mountain West (new Pac-10) footprint. Was never going to work at Cal but could be solid at Oregon State in the new Pac-10. Maybe he brings Harsin or Rolovich with him as OC? Or brings back Baldwin or Musgrave?

---

Wilcox is not in the mix for Oregon State.
They contacted him and he evidently said no thanks. Regardless, it went nowhere. I'll be surprised if Wilcox doesn't take a break for a bit.

---

Presumably that means a negotiated lower buyout?

---

I have no idea. I just said I would not be surprised if he took some time off.
He does not have to accept the first job even if it is offered. I understand Oregon state reached out to him. Not the other way around. They're desperate….

---

His contract does have an obligation to mitigate and I doubt he gets a better offer/better fit than Oregon State. It may be a sign that his buyout has already been negotiated down to eliminate that requirement. If not, and he really just wants to take time off (understandable) competent negotiators at Cal <should> negotiate a lower buyout based on what Oregon State pays because the premise for his payments is that he wants to be a head coach next year and the year after, but I doubt they do.

sycasey said:

---

calumnus said:

---

ducktilldeath said:

---

calumnus said:

---

ducktilldeath said:

---

calumnus said:

---

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

---

Penn State is going to pay James Franklin something like less than 20% of his buyout because of what you just stated.

---

Exactly. If Oregon State hires him that is found money.

---

Which is why he should have been fired years ago.

---

Amen. Moreover he shouldn't have been hired or extended, extended again and extended again in the first, second, third and fourth place…

---

Yup. Though to me the real issue with pushing for his firing before now was that Jim Knowlton would have been picking the replacement, so was there really anything to be gained? Different story now that Ron Rivera is here.

---

Lyons should have sent Knowlton packing in the summer of 2024 when he took the job, brought in Ron, then gone through this process a year ago. This year's schedule was a huge opportunity to get a new coach off on the right foot, probably not with Mendoza, but likely with Sagapolutele and most of our skill players back.

calumnus said:

---

Alkiadt said:

---

ecb said:

---

Alkiadt said:

---

calumnus said:

---

AXLBear said:

---

calumnus said:

---

wifeisafurd said:

---

---

Oregon State is reportedly interviewing him, which would be good for us and for him and his friends.

---

I think he will do well there. He's a good coach. Things were promising around 2019. Covid really messed him up and he needs a change.

---

He always liked surrounding himself with guys from the Pacific Northwest and recruiting kids from the Mountain West (new Pac-10) footprint. Was never going to work at Cal but could be solid at Oregon State in the new Pac-10. Maybe he brings Harsin or Rolovich with him as OC? Or brings back Baldwin or Musgrave?

---

Wilcox is not in the mix for Oregon State.
They contacted him and he evidently said no thanks. Regardless, it went nowhere. I'll be surprised if Wilcox doesn't take a break for a bit.

---

Presumably that means a negotiated lower buyout?

---

I have no idea. I just said I would not be surprised if he took some time off.
He does not have to accept the first job even if it is offered. I understand Oregon state reached out to him. Not the other way around. They're desperate….

---

His contract does have an obligation to mitigate and I doubt he gets a better offer/better fit than Oregon State. It may be a sign that his buyout has already been negotiated down to eliminate that requirement. If not, and he really just wants to take time off (understandable) competent negotiators at Cal <should> negotiate a lower buyout based on what Oregon State pays because the premise for his payments is that he wants to be a head coach next year and the year after, but I doubt they do.

---

What's the time requirement on having to mitigate?

calumnus said:

---

sycasey said:

---

calumnus said:

---

ducktilldeath said:

---

calumnus said:

---

ducktilldeath said:

---

calumnus said:

---

There is not necessarily a "buyout."

Wilcox is owed his regular payments. He won't get his bonuses. He also has an obligation to mitigate, with any earnings at his next job deducted from what we owe him.

The above can be negotiated down. The payments can be reduced to eliminate the obligation to mitigate. It can be negotiated to be a lump sum payment, but in this case I think both parties would prefer to have the payments extended over time. Cal for budgetary reasons and Wilcox for tax purposes.

For example, Knowlton had no "buyout" he is going to continue to receive his $1.3 million annual salary in monthly payments through 2029 while living in Colorado. Wilcox may sell his California home and just live in his Idaho home, or if he lands another job, move there while receiving his payments from Cal over the next two years.

But yes, new money needs to be raised for the new coach. Unless Rivera steps into the role at his current salary.

---

Penn State is going to pay James Franklin something like less than 20% of his buyout because of what you just stated.

---

Exactly. If Oregon State hires him that is found money.

---

Which is why he should have been fired years ago.

---

Amen. Moreover he shouldn't have been hired or extended, extended again and extended again in the first, second, third and fourth place…

---

Yup. Though to me the real issue with pushing for his firing before now was that Jim Knowlton would have been picking the replacement, so was there really anything to be gained? Different story now that Ron Rivera is here.

---

Lyons should have sent Knowlton packing in the summer of 2024 when he took the job, brought in Ron, then gone through this process a year ago. This year's schedule was a huge opportunity to get a new coach off on the right foot, probably not with Mendoza, but likely with Sagapolutele and most of our skill players back.

---

Sure, it all should have happened quicker but still: the timeline was that we needed to be rid of Knowlton before we tried getting a new coach.

Trumpanzee said:

---

Where will Cal get the money and have enough to hire a new coach?

---

A small ipo might be enough

Data: Axios research. Chart: Axios Visuals