Thursday, June 21, 2007


Turgeon has signed his contract, two months after being hired. What the hell took so long? $Bill seems to think that "seven weeks" (acutaly $Bill, it was more like eight) is "moving pretty fast." In a huge bueacracy like TAMU a contract has to make quite a journey: personnel office on campus -> central administration -> chancellor's office -> legal people -> athletic department financial people -> the regents. In the 57 days between hiring and signing, the contract moved between six different offices. So, on average, each office kept the contract 8.14 days. Over a week. It is summer time, what are these people doing?

The deal is worth $9,600,000 and includes a buyout clause of $1 mil for the first year, $1/2 mil for the the second year, and $1/4 mil for the remainder of his contract. Previously, Fran was the only coach on campus with a buyout clause. $Bill's philosophy is that "if someone doesn't want to be here then don't let the door hit you in the ass on the way out we wish them well wherever they decide to go." But as we start to spread some serious cash around, we need some protections. We had to pay $200K for Turgeon.

The contract also includes the use of a vehicle, a country club membership, tickets to games, and a number of incentives. Big 12 Conference regular season, NCAA Tournament appearance, Sweet 16, Final Four, and the NCAA championship are each a +$41,667. That is a possible +$208,335.

1 comment:

Anonymous said...

eight weeks does sound like a long time...but as you said...it's summer time...they have nothing to do so they can read over this sweet deal and make it look like people are earning their keep.....glad it's done...did not know it was not signed....