Xavier's Sean Miller & buyout clause

[muPARTY]

Well, Xavier's Sean Miller has been informed, according to a source, through the back channels that Indiana will find a way to pay the $2 million buyout in his contract if he's interested in becoming Kelvin Sampson's replacement.

http://blogs.heraldtimesonline.com/iusp/?p=1858

2 things strike me.

1)  if Indiana was going to have trouble afforing his buyout, then how low is Crean's?

2)  the rest of the article shows he probably won't be moving.


but i do hold out hope that what he said was for Indiana specificly. 
Marquette could offer the top conference, great exposure, phenominal facilities, great history/tradition, winning program, good salary, and finally.... all of that with only a fraction of the pressure that the Indiana job would have. 

i hope he said what he said because Indiana truely wasn't what he was intrested in, being seen as a savior and having he weight of the Hoosier nation put on his shoulders.  something that 'd be more stress than fun.... unlike the Marquette coaching position.

[MUsoxfan]

This would be a guy around for the short-term.      Also, if TC's buyout was less than this then I almost blame MU as much as TC for this nonsense and they need to start inserting large buyout clauses into these generous contracts. 

[ChicosBailBonds]

This would be a guy around for the short-term.      Also, if TC's buyout was less than this then I almost blame MU as much as TC for this nonsense and they need to start inserting large buyout clauses into these generous contracts. 

Who was the legal counsel for MU that sets up these contracts?  None other than.....

[NYWarrior]

This would be a guy around for the short-term.      Also, if TC's buyout was less than this then I almost blame MU as much as TC for this nonsense and they need to start inserting large buyout clauses into these generous contracts. 

why would u blame MU?  Crean probably didnt want a big buyout and negotiated as such.......who would, it only limits your opportunities.  MU would have never been in no position to tell TC to hit the road if they disagreed on that point.

[bilsu]

I do not know the numbers, but let's say Crean's buyout was a million and Miller's buyout is 2 million. I t would have cost Indiana 2 million to buy Miller out, but in effect it only costs MU 1 million to buy Miller out. Also do not forget that Indiana also had to buyout their last three coaches, so their funds may actually be more limited than MU's. Besides that I think Crean has a longer track reocrd of success, so it is easier for Indiana to justify paying his buyot price which could actually be the same as or more than Miller's

[Norm]

No way Sean Miller comes to Marquette. Xavier has a relatively new arena, a passionate fan base, is the top team in the A-10, and gets to the NCAAs every year.

[NavinRJohnson]

This would be a guy around for the short-term.      Also, if TC's buyout was less than this then I almost blame MU as much as TC for this nonsense and they need to start inserting large buyout clauses into these generous contracts. 

Who was the legal counsel for MU that sets up these contracts?  None other than.....

Man this guy can't win for losing. First of all, we don't know what they buyout was. Secondly, given what IU is paying him would it have mattered? $1 million? $2 million? $3 million? Crean had all the leverage in negotiating both his last extension with us, as well as his new deal with IU, and he used it. If they buyout was too low for people around here, then it is because Crean and his agent required as much. What choice did Mu have. Give him what he wants or watch him walk away, as he just did.

One thing his contracts have made abundantly clear is that Crean is all about Tom Crean and Tom Crean's bank accounts. I have no problem with that. He works hard, does all the right thing, and for the most part produces, so show him the money. At 10 years at $2.3 million/per, he can spare me all this crap about wanting to be part of Indiana basketball, blah, blah, blah. He wants the big checks and he wants the exposure. Again, I have no problem with that, but lets call it what it is.

He held the proverbial gun to MU's head a couple years ago, and he did the same thing to IU this week, because he had all the leverage and the ability to do so. Not sure why there is this rush to condemn Cottingham when he was basically powerless to prevent any of this. Raise your hand if you think MU should have ponied up a new 10-year, $2.3+ million dollar deal for Tom Crean given the complete disregard he showed for the last one.

I like Tom Crean and appreciate everything he did, but I'm a spiteful cynical person, and but Bruce Pearl is a year into a 6-year deal, that will pay him about $1.6 per. His buyout is also only $1 million over 36-months. If I'm MU, I'm offering him 10 years, $20 million. One because the guy can obviously coach and has taken his programs well beyond their perceived ceilings, and perhaps more importantly to stick it in Crean's eye.

[mwbauer7]

why would u blame MU?  Crean probably didnt want a big buyout and negotiated as such.......who would, it only limits your opportunities.  MU would have never been in no position to tell TC to hit the road if they disagreed on that point.

If you've got a guy under contract until 2016-2017 that buyout better be pretty DAMN LARGE. You don't commit yourself to one side of the contract for that long without the same "committment" from the other side.

If that buyout isn't in the $2+mil range the University's Legal team is a joke...

[NavinRJohnson]

why would u blame MU?  Crean probably didnt want a big buyout and negotiated as such.......who would, it only limits your opportunities.  MU would have never been in no position to tell TC to hit the road if they disagreed on that point.

If you've got a guy under contract until 2016-2017 that buyout better be pretty DAMN LARGE. You don't commit yourself to one side of the contract for that long without the same "committment" from the other side.

If that buyout isn't in the $2+mil range the University's Legal team is a joke...

That's all fine and good, but if the guy on the other side is saying I have this offer from School X in my hand, and I am not signing the extension if it has that large a buyout in it, or if it isn't for this amount of money, etc. What exactly are they to do? They let him walk away, they get ripped for that. They give into him and he eventually walks away, they get ripped for that.

MU made an unprecedented commitment to him either believing/hoping he too would honor it, or being content that it would be time for somebody new if/when he chose to turn his back. If you are going to be upset with anyone, I assure you it sould be Tom Crean, not MU.

[Tribby]

phenominal facilities

I don't want to ever see or hear the word "phenomenal" (or "phenominal," as it were), ever again.

[mwbauer7]

why would u blame MU?  Crean probably didnt want a big buyout and negotiated as such.......who would, it only limits your opportunities.  MU would have never been in no position to tell TC to hit the road if they disagreed on that point.

If you've got a guy under contract until 2016-2017 that buyout better be pretty DAMN LARGE. You don't commit yourself to one side of the contract for that long without the same "committment" from the other side.

If that buyout isn't in the $2+mil range the University's Legal team is a joke...

That's all fine and good, but if the guy on the other side is saying I have this offer from School X in my hand, and I am not signing the extension if it has that large a buyout in it, or if it isn't for this amount of money, etc. What exactly are they to do? They let him walk away, they get ripped for that. They give into him and he eventually walks away, they get ripped for that.

MU made an unprecedented commitment to him either believing/hoping he too would honor it, or being content that it would be time for somebody new if/when he chose to turn his back. If you are going to be upset with anyone, I assure you it sould be Tom Crean, not MU.

I guess you're right. I'm just going through the frustrated stage again...