AP report on Tuberville's departure

gatorbuzz said:
nail on the head.

They are all on the state of alabama's defined benefit pension plan. it has a 10 year vest. the annual payout upon his retirement is 2.01% * 10 years (his service time) * high three of his last several years of salary. So he'll get just over 20% of his salary when he retires - every year. this is one reason why he has put up with the nonsense over the past several years - and why he has been reluctant to fire his assistants.
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Really? They are on the state pension plan, even though their salaries are paid by the private organization of the AA? After all, as has been mentioned here before, their salaries are not part of the state budget -- but their retirements are? Wow. I wonder if the residents of Alabama know that?
 
law_bee said:
I think this is SPIN. you don't pay someone 6mil buyout if THEY RESIGN.
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That's what I'm saying. They can spin it all they want, but Tuberville was fired. I can't understand how they would agree to pay someone 6 million smackers if they just up and quit. Of course maybe the AU higher-ups wanted him gone so bad that Tuberville held their feet to the fire (knowing this) and said "I'll leave if you give me the 6 million"! It's all speculation of course and we'll never know. The thread on this board by Beej67 where the asst coaches' wives are calling in to the sports talk radio stations in Birmingham (I beleive) leads me to believe that Tommy was canned. Those ladies were pissed! I'm sure that the AU AD was holding his breath that they didn't air any more dirty laundry than they did. You upset a momma bears' cubs, and you better watch out!

Either way, I agree with BOR, their AD is a fool for letting him go and is gonna pay big time I'm afraid for the way this was all handled....

A lot of speculation on the talk radio circuit that AU is really going hard after Mike Leach from TT. Apparently, Leach S*@t - canned his candidacy for the UW job today. One would hope if AU was gonna let go of arguably one of the best coaches they've ever had, they would have somebody better waiting in the wings, ala a Sabanesque type coach. I just don't see Mike Leach being that kind of coach. Oh well, what the hell do I know.

In other news.........Roddy Jones is still running....:laugher:
 
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gatorbuzz said:
nail on the head.

They are all on the state of alabama's defined benefit pension plan. it has a 10 year vest. the annual payout upon his retirement is 2.01% * 10 years (his service time) * high three of his last several years of salary. So he'll get just over 20% of his salary when he retires - every year. this is one reason why he has put up with the nonsense over the past several years - and why he has been reluctant to fire his assistants.
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Wasn't his salary $3 mil/yr? Dang, if that's the case (if I'm reading this right), $600,000 dollars a year is a pretty sweet deal. Damn, I knew I should have been a major college head football coach! To bad GT didn't offer that major......:laugher:
 
gtalum96 said:
Wasn't his salary $3 mil/yr? Dang, if that's the case (if I'm reading this right), $600,000 dollars a year is a pretty sweet deal. Damn, I knew I should have been a major college head football coach! To bad GT didn't offer that major......:laugher:
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I think the salary is much lower - the large balance is described in the contract as radio/tv show money. I used to have a copy of Gailey's contract - his salary was a couple/few hundred thousand dollars. Then his compensation for the tv/radio show was something like six or seven hundred thousand dollars.
 
BuzzMD said:
Really? They are on the state pension plan, even though their salaries are paid by the private organization of the AA? After all, as has been mentioned here before, their salaries are not part of the state budget -- but their retirements are? Wow. I wonder if the residents of Alabama know that?
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I don't know all of the details. The employer still makes the contribution to the state pension plan. So for Auburn faculty the respective colleges (e.g., college of business, A&S, etc) make a contribution from their budget to the state plan for the faculty retirement. It's not as if the state is a price taker on the employer's hiring decision. the employer has to provide a contribution.

The unusual deal with AUburn is that the retirement plan is defined benefit with a 10-year vest.
 
gatorbuzz said:
I think the salary is much lower - the large balance is described in the contract as radio/tv show money. I used to have a copy of Gailey's contract - his salary was a couple/few hundred thousand dollars. Then his compensation for the tv/radio show was something like six or seven hundred thousand dollars.
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I found the copy of Gailey's contract. His base salary was $437,582. His pay for TV/Radio was $371,609 in the first year.
 
law_bee said:
I think this is SPIN. you don't pay someone 6mil buyout if THEY RESIGN.
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I am not so sure. I go on golf trips twice a year with some Auburn grads who are what I consider mainstream fans, non- Bobby Lowder. They all have deep respect for Tubby for his coaching ability and his character, and feel he got a bad rub during the Lowder/Petrino fiasco several years ago. But at the same time, they think Satan has changed the landscape in Alabama football, and that Tommy cannot compete with Saban's recruiting. Given that Satan is a better recruiter AND a better coach, they see no way Auburn can compete with UA in the coming years. Tubberville, feeling the pulse of the alumni, did not want to stay if not wanted. But the alumni also wanted Tubs to get a fair deal. Everyone has their own idea of what a fair deal is after 10 years, the success he has had, and the crap that he was put through, but the powers to be ruled it to be 5.1 million, so be it.
I wish Tubberville all the best. If it weren't for PJ, I would definitely want him at Tech.
 
gatorbuzz said:
I think the salary is much lower - the large balance is described in the contract as radio/tv show money. I used to have a copy of Gailey's contract - his salary was a couple/few hundred thousand dollars. Then his compensation for the tv/radio show was something like six or seven hundred thousand dollars.
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I think the original poster was talking about Tuberville's salary at Auburn if I'm not mistaken, but in my humble opinion, we were paying too much for the product during Gailey's tenure.....:laugher:
 
gtalum96 said:
I think the original poster was talking about Tuberville's salary at Auburn if I'm not mistaken, but in my humble opinion, we were paying too much for the product during Gailey's tenure.....:laugher:
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Actually, we were not...he had the 46th highest pay package in college football and we typically ended up with a much higher ranking than many of the 45 ahead of him.
 
Bogey said:
I am not so sure. I go on golf trips twice a year with some Auburn grads who are what I consider mainstream fans, non- Bobby Lowder. They all have deep respect for Tubby for his coaching ability and his character, and feel he got a bad rub during the Lowder/Petrino fiasco several years ago. But at the same time, they think Satan has changed the landscape in Alabama football, and that Tommy cannot compete with Saban's recruiting. Given that Satan is a better recruiter AND a better coach, they see no way Auburn can compete with UA in the coming years. Tubberville, feeling the pulse of the alumni, did not want to stay if not wanted. But the alumni also wanted Tubs to get a fair deal. Everyone has their own idea of what a fair deal is after 10 years, the success he has had, and the crap that he was put through, but the powers to be ruled it to be 5.1 million, so be it.
I wish Tubberville all the best. If it weren't for PJ, I would definitely want him at Tech.
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If that's the case, that was pretty generous of them. If they were willing to pay him that much money with him truly resigning, that tells me all I need to know. Most of the alumni know he was a damn good coach and a few of the big dogs at the top wanted him gone (aka Lowder). Maybe it's true and he couldn't win in-state against Sata...I mean Saban, but they should've begged him to stay. Who do they think they're going to get that can beat Saban in the recruiting battle as well as on the field? Regardless, it stinks! Makes one wonder if Tuberville had been putting together a deal with MSU all along.

From what I've been hearing over the last couple of days on the radio, most of the AU fans are vehemently oppposed to him leaving! I think it was a definite surprise to many that he was "let go"?
 
hiveredtech said:
Actually, we were not...he had the 46th highest pay package in college football and we typically ended up with a much higher ranking than many of the 45 ahead of him.
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That's one of the things I was saying before when people thought we could get a much better coach than Gailey for the same salary. CPJ's salary is nearly double that of CCG. You pay for what you get.
 
hiveredtech said:
Actually, we were not...he had the 46th highest pay package in college football and we typically ended up with a much higher ranking than many of the 45 ahead of him.
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This doesnt mean we werent paying too much, all this means is that the other 45 ahead could also have been paying too much. Its all subjective though, like How much should a championship winning coach be payed?
 
floridajacket said:
Also, Leach close to deal with Auburn according to "a source with knowledge of the situation."

http://whatsthefuss.freedomblogging.com/

Yarrr...
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Not surprising, after he supposedly "suddenly" backed out of consideration for the UW job, the general speculation was he was headed to AU. I know Texas Tech is not considered by many to be a very good job, but it's surprising they would let Leach get away after the year he's had. Supposedly, he's been in a big fight with the AD over contract terms but I don't know much about it.....anyway, I just don't see him being the right guy for the AU job. I have a feeling that this whole Tuberville thing came about pretty quickly, and now the AU AD is scrambling to replace him with a big name. I have a feeling, if indeed it is Leach, they're gonna pay him big money and in 4-5 years, be worse off (aka Weis at ND).But what do I know? Of course, AU football will be fun to watch. The man loves to throw the ball....
 
This seems to be the norm now for hiring coaches, some coach has one good year and he is suddenly the hot coach of the day and schools are willing to shell out huge amounts of money, Im glad we didnt do that and we went out and hired a coach that has a history of winning at every program he has been at. Muschamp seems to be the most amazing coach ever and he has never been a head coach before but now he is making 900k to be super assistant.
 
G776T said:
This seems to be the norm now for hiring coaches, some coach has one good year and he is suddenly the hot coach of the day
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I think an ACC team from Atlanta did this after the '91 season? Something Lewis...???
 
gtalum96 said:
I think the original poster was talking about Tuberville's salary at Auburn if I'm not mistaken, but in my humble opinion, we were paying too much for the product during Gailey's tenure.....:laugher:
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Yes, we were talking about Tuberville's salary. I only brought up Gailey because I have a copy of his signed contract and i could read the terms. I think the way the total compensation is composed of salary and tv/radio is general to the profession, thus, we can look at Gailey's salary and assume that Tuberville's $3mill/year is not all "salary" technically. The technical "salary" might be $500,000 - with the balance coming from tv/radio and/or camp income. This is relevant b/c the auburn pension plan would be based on the $500,000/year as opposed to the $3m/year. Relevant to previous posts about the amount of the pension Tuberville will get.
 
BTW, Leach has won 8+ games since 2002, hardly a flash in the pan. And that's in Lubbock. Sure, Texas has a bunch of talent, but that's still Lubbock. I see Auburn doing very well if they hired him.
 
gatorbuzz said:
Yes, we were talking about Tuberville's salary. I only brought up Gailey because I have a copy of his signed contract and i could read the terms. I think the way the total compensation is composed of salary and tv/radio is general to the profession, thus, we can look at Gailey's salary and assume that Tuberville's $3mill/year is not all "salary" technically. The technical "salary" might be $500,000 - with the balance coming from tv/radio and/or camp income. This is relevant b/c the auburn pension plan would be based on the $500,000/year as opposed to the $3m/year. Relevant to previous posts about the amount of the pension Tuberville will get.
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Got ya. Thanks. Like I said wasn't sure if I was reading it right.....
 
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