It is hard for people to understand why the cost of changing coaches is Jones severance plus what we pay the new coach. We have to pay Jones the money regardless, so from basic math perspective, the cost is what we pay the new coach over the next three years, period. We have to pay Jones his $1M per year no matter what, so that is a sunk cost, not a cost of changing coaches.wifeisafurd said:
This thread is full of know it alls, who might be better informed if they invest in the private site.
First of all, the cost of changing coaches is Jones' severance of several million and what we pay the new coach.
Second, MBB when even doing well barely makes it in the black without severance and it just a plain loser if you add unfunded severance. It is like that at almost every Pac school, not named Arizona or maybe UCLA. The only way to fund new coaches is either a donor funds the transition or football pays for it (Ernie Kent's situation)
Second, that money is paid out of an operating fund that the Chancellor wants to not operate at a deficit. With a good portion of football revenues going to a capital fund, Cal probably has no money to pay fo replace Jones, no less increase the coaching salary. That likely becomes apparent to all of you know it alls as soon as Monday. There has been plenty of discussion on the economics of Pac basketball and Cal basketball, and comments like Cal can afford $2 million (no less $4.8 million) are just clueless, as will become evident in short order..
Third, the ignorant comments that donors being short sighted have no clue why the usual donors are not coming to the table. You can go to the private site and find out why or you can put the money up yourself. In the latter case, you better hurry.
Fourth, there are the remarks about capital projects for Title 9, which are paid out of a capital funds. The upgrades are required to be complaint with a tier that Cal has committed to qualify. With capital projects, you can borrow and then raise funds, and people that are willing to donate for purposes that have a specific use and provide naming rights, but not donate to the operating fund. Another long discussion on the private board. As people who have followed the discussions on the Insiders boards, there is a huge different where Cal sits on operating funds versus capital funds. BTW, the term funds doesn't mean money, but how accounts are organized under GAAP for schools.
Fifth, I don't see why everyone is knocking the original post. Cal will need to look at cheap alternative for a replacement coach. Right idea, but perhaps wrong guy since he wife's career also is an issue. But expect any new coach in th near future to be a former Cal player who is willing to take a low salary, a non-D1 coach who makes a low salary, or an assistant coach somewhere. Reduce the Jones severance and maybe you have more flexibility, but you guys need to start facing some cold, hard economic reality.
You've tried to explain before why the athletic department has to look at it as the cost of Jones' buyout plus the cost of the new coach, and I understand you say there is some very bizarre incomprehensible reason why that is true, but it will never be apparent to any of the rest of us who took 3rd grade math but didn't take graduate level courses in how to have a stupid bureaucracy.
If MBB is barely in the black without a severance even when doing well, then things are hopeless. Unless we have rich donors who love the program, we're screwed. Sounds like we're screwed. And if MBB is barely in the black even when doing well and there is no severance, well, the it must be really in the red when the program is in the tank and everyone gives up their season tickets.
I agree it is stupid to criticize donors. If I got ten billion dollars in my pocket tomorrow, I would not be donating any significant amounts to Cal basketball. As much as I love Cal basketball, sorry, the world has much greater needs, even if I will spend money on season tickets and time attending games.
If the economic reality is that we can't afford to pay a competitive salary, though, then it is time to face facts, Cal will never be competitive in MBB barring some low paid coach creating an unexpected turnaround. Again, may as well just keep Jones until there is no more buyout, then hire someone else cheap and hope he works out, give him a few years, etc., etc., etc. I.e., we're back to the Dick years.
I appreciate your posts. For better or for worse, you're coming really close to convincing me that it is time to give up season tickets, even if, in one form or another, I've had them for 41 seasons. I can always go when I have the time. Heck, even if I just go to 6 or 7 conference games, 2 or 3 OOC games, and buy tickets on StubHub, I'll spend less than half of what my season ticket cost me, and still most of the time get better seats than what I have now. What I read from you is that the cold, hard economic reality is Cal basketball is going to suck unless and until we catch lightning in a bottle.
As fond as I have been for 45 years of Cal basketball, maybe it is time to just stop hanging on to the past. Maybe it is time to get season tickets to St. Mary's basketball, it is closer to the old Harmon experience without teams as crappy as we saw with the Dicks. I enjoyed going to the occasional game when my son was a student there, and it is closer to my house than Cal, and they don't have a cold, hard economic reality that they will be at or near the bottom of the conference for years to come, barring some change of luck.
Sigh.