This weekend the University of Memphis signed head basketball coach John Calipari to a big ol' contract extension- that should keep him on the sideline until the 2012-2013 season.
I say should, because everyone knows that Coaches contracts in general aren't worth the paper they're printed on. If Coach X decides he's leaving State U for for Other State U, no piece of paper will prevent that from happening. Prime example, Rich Rodriguez leaving a big contract at West Virginia for another even bigger contract at Michigan.
So why is this deal with Calipari worth mentioning? It's big because the University and their boosters have made it almost impossible for John to leave for monetary reasons, simply because no one will be able to pay him, like he's getting paid right now in Memphis.
The details may blow your mind. But here they are, $2.35 million a year with a longevity bonus of $5 Million if he stays until the contract expires. That oughtta help off set the rising Gas prices don't ya think?
But it's not just about the money. I mean it is, but there's more to it than that. By locking Cal up, and paying him what they're paying him, the University is also effectively buying him out from the constant rumors that Cal is on the next train out of town. Ya think that helps with recruiting? You better believe it does.
Is $2.35 million a year too much to pay a college basketball coach- um, Yeah, You better believe it is. I'll bet even Cal would agree with me. (maybe) But thats the going rate for the best in the business right now, and Cal is clearly at the top of his profession and worth that jack.
Is Cal worth it?
I'd argue Yes.
He's the ultimate spokesman for the University, he's raised the profile of the school, the city, and Conference USA. He's the best at dealing with the media, from us local guys, to the big time National folks. He can sell Memphis like no one else. He's also winning games like no one other than Adolph Rupp has ever done. He's won 104 games in the past 3 years. 104! He's Moby Dick in the small pond that is C-USA. He's turned the Tigers into a perennial powerhouse.
So is he worth the dough? You know what I think, how about you?
| Member Comments | Total Comments: 6 |
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crony_capitalist
Apr 28, 2008 | 2:38 PM |
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sonnygll
Apr 28, 2008 | 2:58 PM |
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MattStark
Apr 28, 2008 | 3:03 PM |
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crony_capitalist
Apr 28, 2008 | 4:40 PM |
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MattStark
Apr 28, 2008 | 5:12 PM |
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crony_capitalist
Apr 28, 2008 | 5:49 PM |
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I love this job so much I'd do it for free, but thankfully I don't have to- because my kids gotta eat.
Member Since: 10/18/2006