by Mike Miller
Indiana paid search firm Parker Executive Search $90,000 for its help in landing new men’s basketball coach Archie Miller, according to an open records request filed by The Herald-Times.
Parker’s scope of work for IU included identifying qualified candidates, facilitating interviews, supplying background information and notifying candidates of the outcome of the search.
Per the contract, IU paid Parker two equal retainers of $45,000. The first invoice was to be filed at the start of the search and the second was to be filed 30 days thereafter or upon the hiring of the new coach, whichever came first.
One of the primary reasons search firms have become popular in modern day coaching searches is that they provide cover for schools and coaches so that communication can be conducted confidentially.
According to the contract, if Miller resigned or was terminated within one full calendar year of his starting date, Parker would conduct a replacement search at no additional fee.
“Maybe it’s occupational hazard as being a lawyer, but I believe in being well advised,” Indiana athletic director Fred Glass told reporters following Miller’s introductory press conference on March 27. “This was the biggest hire that I was going to make, and maybe is made in a decade here at Indiana. I wouldn’t exactly say spare no expense, but if I thought there was value, I wanted to try and harvest that value.
“I think there was value in discreet, distinct areas that I asked them to provide counsel. It wasn’t across the board, but they were valuable in the search.”
In the past, Parker has worked with Vanderbilt, Chicago, Washington, Pennsylvania, Oregon, Notre Dame, Buffalo, Northwestern, North Carolina State and Dartmouth, among others, to help identify candidates for athletics positions.
In March, Missouri reportedly paid Parker $80,000 for the search that ultimately led to the hiring of Cuonzo Martin.
hoosiersportsreport.com/2017/05/iu-paid-search-firm-90000-for-help-hiring-archie-miller
Go Hoosiers!
Indiana paid search firm Parker Executive Search $90,000 for its help in landing new men’s basketball coach Archie Miller, according to an open records request filed by The Herald-Times.
Parker’s scope of work for IU included identifying qualified candidates, facilitating interviews, supplying background information and notifying candidates of the outcome of the search.
Per the contract, IU paid Parker two equal retainers of $45,000. The first invoice was to be filed at the start of the search and the second was to be filed 30 days thereafter or upon the hiring of the new coach, whichever came first.
One of the primary reasons search firms have become popular in modern day coaching searches is that they provide cover for schools and coaches so that communication can be conducted confidentially.
According to the contract, if Miller resigned or was terminated within one full calendar year of his starting date, Parker would conduct a replacement search at no additional fee.
“Maybe it’s occupational hazard as being a lawyer, but I believe in being well advised,” Indiana athletic director Fred Glass told reporters following Miller’s introductory press conference on March 27. “This was the biggest hire that I was going to make, and maybe is made in a decade here at Indiana. I wouldn’t exactly say spare no expense, but if I thought there was value, I wanted to try and harvest that value.
“I think there was value in discreet, distinct areas that I asked them to provide counsel. It wasn’t across the board, but they were valuable in the search.”
In the past, Parker has worked with Vanderbilt, Chicago, Washington, Pennsylvania, Oregon, Notre Dame, Buffalo, Northwestern, North Carolina State and Dartmouth, among others, to help identify candidates for athletics positions.
In March, Missouri reportedly paid Parker $80,000 for the search that ultimately led to the hiring of Cuonzo Martin.
hoosiersportsreport.com/2017/05/iu-paid-search-firm-90000-for-help-hiring-archie-miller
Go Hoosiers!
