5 Years $21.33M

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Paying above market so that we ‘look’ serious about football is stupid. Pay a candidate what they are worth.

Key is looking at somewhere in the range on 500k-1M as an OL/assistant HC. He might have some interest as a HC at a non-P5 school. But he isn’t going to be paid over 1M.

A 1.5M ‘prove it’ contract is better than the non-P5 route. You get more exposure and resources at Tech.

Get some wins and renegotiate in two years. Worst case, you banked 1-2M over what you would have made as an OL coach.

There are a few of P5 openings out there, Key is being considered for only 1 of those jobs. If we want to drop 4 million a year, there are plenty of better resumes to sort through.
 
WracerX said:
Paying above market so that we ‘look’ serious about football is stupid. Pay a candidate what they are worth.

Key is looking at somewhere in the range on 500k-1M as an OL/assistant HC. He might have some interest as a HC at a non-P5 school. But he isn’t going to be paid over 1M.

A 1.5M ‘prove it’ contract is better than the non-P5 route. You get more exposure and resources at Tech.

Get some wins and renegotiate in two years. Worst case, you banked 1-2M over what you would have made as an OL coach.

There are a few of P5 openings out there, Key is being considered for only 1 of those jobs. If we want to drop 4 million a year, there are plenty of better resumes to sort through.
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Is there any kind of rule that the exact details of a coach’s contract has to be made public? My entire working career I never told anyone what I made. I always thought that it was nobodies business but mine and the people paying me.
 
Nehru Jacket said:
Is there any kind of rule that the exact details of a coach’s contract has to be made public? My entire working career I never told anyone what I made. I always thought that it was nobodies business but mine and the people paying me.
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For public schools, yes. For private, no.
 
Nehru Jacket said:
Is there any kind of rule that the exact details of a coach’s contract has to be made public? My entire working career I never told anyone what I made. I always thought that it was nobodies business but mine and the people paying me.
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You can look up any public employee’s salary info.
 
GoGATech said:
The fact is we aren't going to hire him just to be cheap. If we hire him it's going to be because he's proven himself for the remainder of the season and he is the guy the administration wants going forward. In that case, the salary will be $3M and I don't think he's going to give a "discount" just because it's his home school, regardless of what other options he has. Also, he's making more than $600k now... between $800k and $1M IIRC.
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Fine. assume he is making $1M. But that is irrelevant, because he will either be the HC next year or he will be looking for a job. Please tell me where in America you think Brent Key can get a job making $1 million.

If you offer him $1.5M, to stay on and coach, please explain to me why he would not take that?
 
GTCrew said:
Fine. assume he is making $1M. But that is irrelevant, because he will either be the HC next year or he will be looking for a job. Please tell me where in America you think Brent Key can get a job making $1 million.

If you offer him $1.5M, to stay on and coach, please explain to me why he would not take that?
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Again, it's not about what he can make somewhere else. From what all I've gathered, I just don't believe he's going to give us the "hometeam" discount, and if he's selected to be the full-time, hired HC of a P5 football program, it will be because he earned it and he will want to be paid accordingly. I also have no doubt that he will find a soft landing spot if he doesn't get the job, or doesn't want to accept a small salary for a HC. Regardless of what he has done here so far, he is still largely respected in the industry as one of the top OL coaches. He wouldn't have a problem finding a job comparative to what he was doing under Collins IMO. If he does get offered the job, I do agree that there will be larger incentive-based bonuses, but I expect it will still be around the $3M mark but extremely buyout friendly on GT's side.
 
THWG247 said:
I don’t want to overpay, but we also don’t need to be in the bottom 3rd of ACC salaries, thats embarrassing and it sends the message that we are cheap-asses that aren’t serious about winning. We need to be smarter on the buyout.
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This is stupid.

One of the most profound offhand comments I ever heard was in 2008-2009 related to making an offer on a house during that time. It was "if you don't think your offer is embarrassing, you are offering too much." Why would we voluntarily throw away a win-win situation like we pay a low price to a guy where we are clearly his best, if not only, option? Because we don't want the other teams to think our coach is DollarTree coach? Is he a better coach if we pay him in the upper half of salaries? Or would we just be spending millions on a vanity play?

Are you the kind of person that would not accept an amazing deal on a beach condo because that would mean you were in the bottom third of values? Or would you be proud that other teams were paying their Head Coaches multiples more in salary with potentially less to show for it.

The idea that we should be embarrassed because everyone else is overpaying is ridiculous.
 
andrew said:
This is unrealistically low. Doubling our win total from the past three seasons and making a bowl would have him make only $1.2 million, which is far lower than the next lowest-paid coach (which was incidentally Collins at $2.8 million.)

Under this contract he could win eleven games and the ACC and he would still be the lowest paid coach in the conference.

We can get Key for cheap but not that cheap.
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What’s his alternative?
 
GTCrew said:
Fine. assume he is making $1M. But that is irrelevant, because he will either be the HC next year or he will be looking for a job. Please tell me where in America you think Brent Key can get a job making $1 million.

If you offer him $1.5M, to stay on and coach, please explain to me why he would not take that?
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My best guess is we would give his agent the $1.5 million offer, his agent would tell him that if we're offering at all then he's our first choice, and a counter offer of $3 million/year isn't going to cause us to pass on our first choice when our second choice would cost us at least that much.

So it would turn into a game of chicken, but both sides are motivated to come to a compromise because he wants us and we want him, and we land on a contract between $2 and $2.5 million.
 
GoGATech said:
Again, it's not about what he can make somewhere else. From what all I've gathered, I just don't believe he's going to give us the "hometeam" discount, and if he's selected to be the full-time, hired HC of a P5 football program, it will be because he earned it and he will want to be paid accordingly. I also have no doubt that he will find a soft landing spot if he doesn't get the job, or doesn't want to accept a small salary for a HC. Regardless of what he has done here so far, he is still largely respected in the industry as one of the top OL coaches. He wouldn't have a problem finding a job comparative to what he was doing under Collins IMO. If he does get offered the job, I do agree that there will be larger incentive-based bonuses, but I expect it will still be around the $3M mark but extremely buyout friendly on GT's side.
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NOBODY IS ASKING FOR A HOMETEAM DISCOUNT. PLEASE STOP SAYING THAT. I would be saying the same thing if we were talking about Weinke or Long.

If they give him 3 million base they are idiots. If they give him something where he wants anything but a minimum buyout they are idiots.

We will find out.
 
GTCrew said:
NOBODY IS ASKING FOR A HOMETEAM DISCOUNT. PLEASE STOP SAYING THAT. I would be saying the same thing if we were talking about Weinke or Long.

If they give him 3 million base they are idiots. If they give him something where he wants anything but a minimum buyout they are idiots.

We will find out.
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Nobody said he is asking for it, but offering that is asking him, "you wanna be our HC for a discount?" Because if you hire anybody else that's qualified they will get $3M+, so his question would be why shouldn't I? The ONLY way I see him taking that low of a salary would be if he didn't win the next 2 and we don't make a bowl, and we STILL offer him the job. I only way see him getting offered the job if we win the next 2, look competent against UGAg, and go to a bowl. That is why I believe the number will be higher.
 
andrew said:
My best guess is we would give his agent the $1.5 million offer, his agent would tell him that if we're offering at all then he's our first choice, and a counter offer of $3 million/year isn't going to cause us to pass on our first choice when our second choice would cost us at least that much.

So it would turn into a game of chicken, but both sides are motivated to come to a compromise because he wants us and we want him, and we land on a contract between $2 and $2.5 million.
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This is the insight that we have not talked about, because we have dumb people thinking that we need to pay him based on some magical head coach pay scale and also we need to throw around dollar dollar bills yall to not let anyone think we are cheapskates.

The insight is that Key's only leverage is how much our number two or number three candidates would cost. An established coach typically wants a big bump and a long term deal. Assuming Deion is off the table, Chadwell is the no brainer next man up. People speculated he would cost $5M and a longish contract would be assumed. That is the leverage that Key has, but while we are blindly overjoyed that we are beating 2-6 teams by one point because CGC beat us down so bad, him winning winnable games (and losing one) isn't really much proof of anything. If we were going to pay 3 million the pool opens up to include a lot of assistants and retreads.

If anything close to the OP rumor was negotiated, it would give me great confidence in the new AD. As described it would be a strikingly genius setup for us and a win-win for all involved.


Assuming Deion is off the table.
 
GoGATech said:
Nobody said he is asking for it, but offering that is asking him, "you wanna be our HC for a discount?" Because if you hire anybody else that's qualified they will get $3M+, so his question would be why shouldn't I? The ONLY way I see him taking that low of a salary would be if he didn't win the next 2 and we don't make a bowl, and we STILL offer him the job. I only way see him getting offered the job if we win the next 2, look competent against UGAg, and go to a bowl. That is why I believe the number will be higher.
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Yeah, because other people want those guys at $3 million. He doesn't get $3 million because someone thinks Monken is worth $3 million as a HC.
 
THWG247 said:
I don’t want to overpay, but we also don’t need to be in the bottom 3rd of ACC salaries, thats embarrassing and it sends the message that we are cheap-asses that aren’t serious about winning. We need to be smarter on the buyout.
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If you are signing a career position coach that is unlikely to even get an OC job anywhere otherwise, you shouldn’t pay him outside the bottom third just so you don’t appear cheap.

If you are making a competitive bid to someone with success as a HC elsewhere (Prime, Chadwell, BOB) that will draw other HC offers this cycle you should offer more so you can get the guy you want.
 
We are not transitioning out of the option, so I would put in a "suckage" clause. Any year you win three or less the buyout gets cut in half. Why the heck would you hire a coach that believes losing 9 games is a possibility for himself?
 
GTCrew said:
We are not transitioning out of the option, so I would put in a "suckage" clause. Any year you win three or less the buyout gets cut in half. Why the heck would you hire a coach that believes losing 9 games is a possibility for himself?
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For Key, I would just make the buyout super low to begin with. No need for a "suckage" clause if the total buyout is only $1 million after the first year and $500k after the second. And that's far more relevant to our finances and flexibility than whether we pay him $1.5 million, $2.5 million, or $3 million per year initially.

For any other coach, I think the suckage clause would be difficult simply because other schools won't be putting it in there. And no matter how much confidence a coach has in himself, he's not going to accept something like that when he has offers from other schools without it. Would probably have to pay much more upfront than them to make up for it. Unless we go with an unknown who can't get a competing offer.
 
andrew said:
For Key, I would just make the buyout super low to begin with. No need for a "suckage" clause if the total buyout is only $1 million after the first year and $500k after the second. And that's far more relevant to our finances and flexibility than whether we pay him $1.5 million, $2.5 million, or $3 million per year initially.

For any other coach, I think the suckage clause would be difficult simply because other schools won't be putting it in there. And no matter how much confidence a coach has in himself, he's not going to accept something like that when he has offers from other schools without it. Would probably have to pay much more upfront than them to make up for it. Unless we go with an unknown who can't get a competing offer.
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Put the clause in to weed out. If the difference between a guy coming here and going somewhere else is really JUST that, then maybe only for that candidate. It will never be just that. Never. And again, if the coach is worried about that clause it should be a huge red flag.
 
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