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Cig Agrees to New Contract!

Technically true, but the negotiators would be doing a bad job if they weren’t close. “You us $10M if you leave but we owe you $1M if we let you go” (or vice versa) isn’t gonna happen. I’m not sure how close they end up being normally but I assume they’re typically fairly close.
No, the negotiators wouldn't. The figures reflect anticipated damages if the other side breaches, which are driven by completely different concerns.

The cost for IU buying out Cig will be higher at the beginning of the contract, because he wants to incentivize IU to let him build his program over 3 or more years, and would want that commitment as a requirement to leave his successful and (relatively) high paying job at JMU.

The cost for Cig paying us to leave would usually be lower in an initial contract, because there isn't a lot of demand for our coaches at big time high major schools, so there wasn't a lot of fear that he'd get poached after one season, given our history and expectations this year.

Of course, we are having a once in a lifetime type season, so that fear went up quite a bit in the last 6 weeks, which drove the need to tear up a 6 year contract after about 11 months and redo the numbers.

For example, if we fired Cig yesterday, we'd owe him 20 million. But if he resigned yesterday, he'd owe us 8 million. Quite a big difference.

Toward the end of the contract the numbers get closer, but no one cares about the numbers at the end because everyone hopes it works out and the contract gets reworked before then anyway, and neither side expects that any coach would be working in the last year or two of his contract without an extension, because of recruiting.
 
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Yeah, I went and looked it up. Cig would have owed us $6 million if he resigned after the season. We'd have owed him $18 million if we fired him without cause.

6M nothing to the big boys. Smart to renegotiate before a school in a recruiting hotbed bought a brings truck.

I assume both buyouts went way up. Kinda risky 10 games into year one, but that's the cost of doing business these days in college football. If we didn't do it, some other AD woulda gladly paid us 6 million for the privilege.
Coach Cig is one in a million for Indiana. We need to do all we can for continued success.
 
Coach Cig is one in a million for Indiana. We need to do all we can for continued success.
Yep, I get it. Kinda wild we are paying a guy 9 mil a year to coach football, but that's the market these days, and all the upheaval in college sports, especially with realignment and what happened to Washington State and Oregon State requires us to do everything required to be successful.
 
Great work by Dolson. I’ve slowly come around to the realization that I’ve really misjudged him as an AD. It’s also become clearer by the day just how sabotaged and hamstrung he has been on the basketball front.

Kudos to you for this post.
Not many would admit it!

And I agree with you that the basketball hire just doesn't fall in line with Scott's other decisions.
 
I have an in-law that works in the IU Bursars office. She may very well be working on those Cig numbers at the moment! I know she has worked on some of Colts QB Anthony Richardsons IU financials. I guess he is secretly taking some IU classes!
I was talking about people saying he was leaving for those Florida schools. I’ve been calling them on it all morning.
 
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Yeah, I went and looked it up. Cig would have owed us $6 million if he resigned after the season. We'd have owed him $18 million if we fired him without cause.

6M is nothing to the big boys. Smart to renegotiate before a school in a recruiting hotbed bought a brinks truck.

I assume both buyouts went way up. Kinda risky 10 games into year one, but that's the cost of doing business these days in college football. If we didn't do it, some other AD woulda gladly paid us 6 million for the privilege.
Sports Illustrated says $17 million if we fire him after one season. The other stuff checks out.

I don't disbelieve you. Different sources can say different things. If you went to contracts then my hats off to you.

 
Now you'll be hearing that we overpaid, and had to because we're Indiana, and their school's real target is ##### who is more proven.
Already happening. The Florida schools overspent and can’t move on from those coaches. FSU literally just fired every coordinator and had to spend to do it. ACC is so broke right now.
 
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Hopefully the raise for assistant coaches will be enough to keep the staff in place.
But you can’t blame them for leaving for a HC position.
But hopefully it’s enough to keep another school from taking them for another OC and DC job.
Very important to keep the gang together.
 
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No fear or anxiety about this getting done or when being done. Dolson is a damn good business man. So are Cignetti and his agent. Quality meets quality creates optimum results for America's Emerging Football Super Power. No doubt we'll be just as pleased with plans for IUFB facilities.
 
Kudos to you for this post.
Not many would admit it!

And I agree with you that the basketball hire just doesn't fall in line with Scott's other decisions.
I totally misjudged Dolson. I thought he was a Glass clone and would simply double-down on basketball and leave football out to dry.
However, that said, any AD at any school in this conference would have to be completely living in an Afghanistan cave to not see where this was all going when realignment and media deals started up. To not prioritize football for your school would be major malpractice for an AD in this conference.
 
Scott has proven he is VERY serious about building a championship football program!! I thought Scott was a puppet on a string for basketball, boy was i mistaken!!
 
I totally misjudged Dolson. I thought he was a Glass clone and would simply double-down on basketball and leave football out to dry.
However, that said, any AD at any school in this conference would have to be completely living in an Afghanistan cave to not see where this was all going when realignment and media deals started up. To not prioritize football for your school would be major malpractice for an AD in this conference.
You also went on record multiple times with posts saying the Big Ten was gonna boot IU from the conference because the FB team was contributing enough to the Conference which was never going to happen. It was absurd of you to post that before. However, it's clear as of this year, IU football does bring value and does add value to the football side of the Conference.
 
Scott has proven he is VERY serious about building a championship football program!! I thought Scott was a puppet on a string for basketball, boy was i mistaken!!
I think Scott was overruled on the basketball decision. He had a guy he went all in on. His second choice was Matta and then Buckner stepped in and shut it all down.
 
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You also went on record multiple times with posts saying the Big Ten was gonna boot IU from the conference because the FB team was contributing enough to the Conference which was never going to happen. It was absurd of you to post that before. However, it's clear as of this year, IU football does bring value and does add value to the football side of the Conference.
And, I stand by the fact that they were not serious about football and could have put us in severe jeopardy. And, if we had continued that course….well, never say never.
With the ever-changing nature of all this realignment, you don’t know what will happen next. If you’ve been following closely, you’ll know that revenue sharing is a a hot button issue with the biggest football names in the conference lobbying for a bigger share than other schools.
 
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