Buzz Compensation for FY 13

[Dr. Blackheart]

As is required by law, Marquette just posted the IRS Form 990 on line for the fiscal year ending 6/30/14.  Here are the total compensation (salary, bonus, Team Buzz, benefits) figures from some key Hiroshima players, now dearly departed (although there are other casualties listed in here as well).

Buzz Williams: $3,287,170
Terri Mitchell: $487,417
Larry Williams: $467,580
Issac Chew: $366,314
Scott Pilarz:  $157,890 (not bad for a vow of poverty)
Bob Wild: $0
Bill Cords: Not listed, guessing $0 as he was also retired and is drawing a pension.

Buzz left for a salary of $2.3 million, when he was making a salary of $3,111,606 in taxable income at Marquette his last year, or $800+k less. The VTech basketball budget he inherited was reported to be half what he left at MU.

None of these particular players were listed to have received a severance package, but that may appear in next year's form depending on the exit agreements.

What a waste of the King's treasure.  Let's get a manager to flush this mess.

http://www.marquette.edu/financeoffice/documents/FY14TY13MU990PUBLIC.pdf

[Pakuni]

As is required by law, Marquette just posted the IRS Form 990 on line for the fiscal year ending 6/30/14.  Here are the total compensation (salary, bonus, Team Buzz, benefits) figures from some key Hiroshima players, now dearly departed (although there are other casualties listed in here as well).

Buzz Williams: $3,287,170
Terri Mitchell: $487,417
Larry Williams: $467,580
Issac Chew: $366,314
Scott Pilarz:  $157,890 (not bad for a vow of poverty)
Bob Wild: $0
Bill Cords: Not listed, guessing $0 as he was also retired and is drawing a pension.

Buzz left for a salary of $2.3 million, when he was making a salary of $3,111,606 in taxable income at Marquette his last year, or $800+k less. The VTech basketball budget he inherited was reported to be half what he left at MU.

None of these particular players were listed to have received a severance package, but that may appear in next year's form depending on the exit agreements.

What a waste of the King's treasure.  Let's get a manager to flush this mess.

http://www.marquette.edu/financeoffice/documents/FY14TY13MU990PUBLIC.pdf

$193K per win.
Righteous bucks.

[LAZER]

It still amazes me (it shouldn't, but it does) that more media hasn't raised questions about his departure.

[4everwarriors]

Guess Bumstead just didn't feel wanted here any more, ai na?

[Galway Eagle]

It still amazes me (it shouldn't, but it does) that more media hasn't raised questions about his departure.

If we had done well his last year or if we did well wojos first year then I'd bet more people would be writing about it. But for now it kinda seems like he was jumping off a sinking ship.

[willie warrior]

What a joke and extremely laughable. About as funny as No Dick still paying Charlie Weiss about 2 million this year. Those crazy catholic institutions forgot about frugality. But it goes full circle to Buzz: "I'll be at MU as long as they want me." Or to paraphrase Jack warden to Paul Newman in the Verdict: "You won. When they offer you the money, you have won." BTW, although it was fiction, that was a Catholic archdiocese offering the money. Oh those crazy Catholics with their money. Father Flanagan is turning in his grave. And so is Saint Peter turning over.

[brewcity77]

My guess is Buzz has a similar Team Buzz fund at Va Tech. Contrary to all reports, I don't think he took near the pay cut he convinced the media he took.

[LAZER]

If we had done well his last year or if we did well wojos first year then I'd bet more people would be writing about it. But for now it kinda seems like he was jumping off a sinking ship.

I understand what the national perception is, I'm just surprised there isn't a national hoops writer that was willing to poke around. MU has been incredibly tight lipped about the whole thing, which leads me to believe there might be skeletons there too.

[willie warrior]

My guess is Buzz has a similar Team Buzz fund at Va Tech. Contrary to all reports, I don't think he took near the pay cut he convinced the media he took.

Brew, I always believed that Sultan was the King Buzz slurper, but you are definitely moving up during the stretch drive.

[duanewade]

I'd be curious if women's basketball even grosses $500,000 annually which is about what they paid the coach.

Title 9 destroyed the Big East as all these schools inspite of making big money off men's football and basketball are still going broke subsidizing sports like volleyball with scholarships and coaches salary for sports that gross less than a sundry in a hotel. Because of this schools like Maryland had to change conferences for more money to pay for their deficits.

[brewcity77]

I understand what the national perception is, I'm just surprised there isn't a national hoops writer that was willing to poke around. MU has been incredibly tight lipped about the whole thing, which leads me to believe there might be skeletons there too.

It was spin. The initial report was that he took a pay cut, but I always found it hard to believe a guy who was so focused on numbers would take less money for a lesser job. My guess is his base salary is less than what he made at Marquette, which allowed his media cronies like Parrish and Goodman to sell the pay cut story. However, I'm sure any national guy that poked around would find incentives and Team Buzz bonuses would show Buzz making more at Va Tech. Something tells me "coach leaves for more pay in ESPN's favorite conference" wouldn't make much of a headline.

[Pakuni]

I'd be curious if women's basketball even grosses $500,000 annually which is about what they paid the coach.

Title 9 destroyed the Big East as all these schools inspite of making big money off men's football and basketball are still going broke subsidizing sports like volleyball with scholarships and coaches salary for sports that gross less than a sundry in a hotel. Because of this schools like Maryland had to change conferences for more money to pay for their deficits.

Title IX has been around longer than the Big East.
Hard to say Title IX regulations destroyed the conference when the conference has never been without them.

[4everwarriors]

Bumstead grabbed the first gig that wanted him and would pay a lotta bread, even if it was less than he was makin' at MU. That's what a desparate putz does when he wants outta a situation, hey?
He swung and whiffed on Auburn first, doe.

[warriorchick]

Scott Pilarz:  $157,890 (not bad for a vow of poverty)

I appreciate your attempt at snark here, but all Jesuits donate their salaries to the order in exchange for a stipend.

[bilsu]

What a joke and extremely laughable. About as funny as No Dick still paying Charlie Weiss about 2 million this year. Those crazy catholic institutions forgot about frugality. But it goes full circle to Buzz: "I'll be at MU as long as they want me." Or to paraphrase Jack warden to Paul Newman in the Verdict: "You won. When they offer you the money, you have won." BTW, although it was fiction, that was a Catholic archdiocese offering the money. Oh those crazy Catholics with their money. Father Flanagan is turning in his grave. And so is Saint Peter turning over.

I think he was true to his word. I think he knew the administration was no longer happy with him. He left before the lynch mob. Buzz is quirky, but he is not stupid.

[Dr. Blackheart]

I appreciate your attempt at snark here, but all Jesuits donate their salaries to the order in exchange for a stipend.

Fr. Wild was never listed on the 990 (such as below) as taking a "stipend", nor had Pilarz in the past. Perhaps a separation stipend or an accounting change?

http://www.marquette.edu/financeoffice/documents/FY11990PUBLIC.pdf
http://www.marquette.edu/financeoffice/documents/TY11FY12MU990PUBLIC.pdf

[GoldenWarrior11]

Buzz was also worried about the future of the reconfigured Big East.  The conference is no longer on ESPN, none of the schools sponsor football (which is the biggest deal in college athletics today, and there was genuine concern the league would be able to keep up the level of success moving forward.  The ACC is the top basketball league in the country, and is a power conference.

As shown in years past, Buzz is betting on himself.  He is betting on himself to turn Virginia Tech into a quality basketball program, he is betting on himself being successful in the tournament and he is betting on himself to be embraced and loved at the school - for however long the school will have him.

[wadesworld]

The pay cut wasn't Bert's false story story.  That's the truth.  The fear of the Big East sinking Marquette's program was the false story.  Bert knew that the Big East would be just fine if you're at or near the top of it every year.  What troubled Bert was that the administration stopped letting him just bring in whoever the heck he wanted to bring in no matter what the background and/or issues with the recruit were.  They finally stopped bending over backwards for him, and when he asked them to do it again they finally called his bluff.  Bert's ego had gotten too big for his own good and he couldn't stick around.  He needed things done his way and if not then he was gone.  So, he gowne.

[Dr. Blackheart]

It was spin. The initial report was that he took a pay cut, but I always found it hard to believe a guy who was so focused on numbers would take less money for a lesser job. My guess is his base salary is less than what he made at Marquette, which allowed his media cronies like Parrish and Goodman to sell the pay cut story. However, I'm sure any national guy that poked around would find incentives and Team Buzz bonuses would show Buzz making more at Va Tech. Something tells me "coach leaves for more pay in ESPN's favorite conference" wouldn't make much of a headline.

Paint Touches laid out the bonus incentives (not a ton of cash).  We will have to wait a year for the Virginia Tech Foundation 990 to see if there is a Team Buzz Williams income stream unless JayBee or PT can hunt down his final contract details.

http://painttouches.com/2014/05/14/buzz-williams-virginia-tech-contract-details/

[wadesworld]

Paint Touches laid out the bonus incentives (not a ton of cash).  We will have to wait a year for the Virginia Tech Foundation 990 to see if there is a Team Buzz Williams income stream unless JayBee or PT can hunt down his final contract details.

http://painttouches.com/2014/05/14/buzz-williams-virginia-tech-contract-details/

I'm sure Chicos just had a beer with VT's AD, he should just be able to ask him what Bert's total income is.

[Chicos' Buzz Scandal Countdown]

Fr. Wild was never listed on the 990 (such as below) as taking a "stipend", nor had Pilarz in the past. Perhaps a separation stipend or an accounting change?

http://www.marquette.edu/financeoffice/documents/FY11990PUBLIC.pdf
http://www.marquette.edu/financeoffice/documents/TY11FY12MU990PUBLIC.pdf

No idea but compensation can be more than salary. Personal travel, considerations of other kinds, or perhaps severance in this case?

[wadesworld]

No idea but compensation can be more than salary. Personal travel, considerations of other kinds, or perhaps severance in this case?

You don't get a severance package when you quit a job, even if your current job is happy about it. He might've received a few free empty cardboard boxes but that's about it.

[brewcity77]

You don't get a severance package when you quit a job, even if your current job is happy about it. He might've received a few free empty cardboard boxes but that's about it.

Not when you quit, but according to the PT article, Buzz gets a nice severance if he's terminated. Would be paid the full value of the contract through 2021 even if he takes another job. Essentially, Va Tech can't fire him.

[79Warrior]

I think he was true to his word. I think he knew the administration was no longer happy with him. He left before the lynch mob. Buzz is quirky, but he is not stupid.

There was no current administration when he left. They were already dumped.

[Chicos' Buzz Scandal Countdown]

Not when you quit, but according to the PT article, Buzz gets a nice severance if he's terminated. Would be paid the full value of the contract through 2021 even if he takes another job. Essentially, Va Tech can't fire him.

I was referring to Pilarz, who was fired.