Posted on 10/29/2015 11:41:32 AM PDT by C19fan
As the sports business has evolved, the cost of making bad decisions has become more costly. When owners, general managers and athletic directors realize they made the wrong choice, the cost of keeping that coach or player could be more detrimental than suffering the financial pain of cutting him loose.
(Excerpt) Read more at espn.go.com ...
He went 12 wins, 44 losses at KU.
...after he ran Florida’s offense into the cellar
Notre Dame got the ‘good’ version of Weis.
I don’t understand how Weiss’ deal was worse than Hamilton’s.
I wish someone would pay me several millions and say I was a bad hire. I would be able to get over it.
My favorite dead money story is the owners of one of the old ABA franchises. The NBA offered them a buyout of something like $5 million when the leagues merged, but the owners (of the St. Louis Spirits?) held out and were given something like a 1/22nd split of national TV revenues. They’ve made hundreds of millions of dollars over the past 35 years. I think the NBA finally bought them out for a half billion last year.
My favorite dead money story is the owners of one of the old ABA franchises. The NBA offered them a buyout of something like $5 million when the leagues merged, but the owners (of the St. Louis Spirits?) held out and were given something like a 1/22nd split of national TV revenues. They’ve made hundreds of millions of dollars over the past 35 years. I think the NBA finally bought them out for a half billion last year.
It’s worse with CEO’s at big corporations. I’ve seen them paid nearly $100 million to leave and stop doing damage, only to be followed by another CEO getting the same deal.
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