Stallings buyout

[Panther_in_Kentucky]

If we pay $10 million to buy him out, Gallagher has to go. He is responsible for Barnes, who was responsible for reducing Dixon's buyout and hiring Stallings.

If we pay a full $10 million, and I doubt we do, I just dont see how we can hire a no-name mid-major who won't sell tickets. We may just have to give up and be held hostage by Barnes's contract special until the buyout is more reasonable.

Honestly, I think Pitt should sue Barnes and the search firm.

Maybe if Stallings stays they can drastically reduce prices to say $100 for the season, everything GA outside of the clubbies. That way they'd probably sell 15K or so ensuring attendance of maybe 5k-6K for ACC games.

People won't support losers, even if you paid them to attend.

 

[balboa10]

who knows if accurate but...

Zeise’s article talks about attendance may force action

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If we pay $10 million to buy him out, Gallagher has to go. He is responsible for Barnes, who was responsible for reducing Dixon's buyout and hiring Stallings.

If we pay a full $10 million, and I doubt we do, I just dont see how we can hire a no-name mid-major who won't sell tickets. We may just have to give up and be held hostage by Barnes's contract special until the buyout is more reasonable.

Honestly, I think Pitt should sue Barnes and the search firm.

Maybe if Stallings stays they can drastically reduce prices to say $100 for the season, everything GA outside of the clubbies. That way they'd probably sell 15K or so ensuring attendance of maybe 5k-6K for ACC games.

I called for floor seats for season and I’m on a waiting list so those are still selling out.

 

[Rezzo]

If we pay $10 million to buy him out, Gallagher has to go. He is responsible for Barnes, who was responsible for reducing Dixon's buyout and hiring Stallings.

If we pay a full $10 million, and I doubt we do, I just dont see how we can hire a no-name mid-major who won't sell tickets. We may just have to give up and be held hostage by Barnes's contract special until the buyout is more reasonable.

Honestly, I think Pitt should sue Barnes and the search firm.

Maybe if Stallings stays they can drastically reduce prices to say $100 for the season, everything GA outside of the clubbies. That way they'd probably sell 15K or so ensuring attendance of maybe 5k-6K for ACC games.

Barnes should be investigated criminally. What he did has to be a crime!!!

 

[303vND]

If we pay $10 million to buy him out, Gallagher has to go. He is responsible for Barnes, who was responsible for reducing Dixon's buyout and hiring Stallings.

If we pay a full $10 million, and I doubt we do, I just dont see how we can hire a no-name mid-major who won't sell tickets. We may just have to give up and be held hostage by Barnes's contract special until the buyout is more reasonable.

Honestly, I think Pitt should sue Barnes and the search firm.

Maybe if Stallings stays they can drastically reduce prices to say $100 for the season, everything GA outside of the clubbies. That way they'd probably sell 15K or so ensuring attendance of maybe 5k-6K for ACC games.

Totally agree regarding Gallagher - how he let this contract, with these dollars, for this coach get approved and across his desk is beyond irresponsible - it was downright stupid. And he should be held accountable.

 

[Gunga_Galunga]

There is literally no chance his buyout is $8-10M. None.


Of his salary? That is possible. That wouldn't be near $8-10M, though. At most that would be 2/3 of his compensation, so if he is making $2M total (from Pitt) a year then about $1.34M of that would be salary. $1.34M x 4 = $5.36M. Obviously no one in their right mind would count this year's $2M compensation. Now, it could be slightly higher than that $5.4M number because it probably has yearly escalators that lead to an average $2M yearly compensation, so if you figure a 7% yearly increase you'd end up with a buyout of about $5.8-5.9M. So, the buyout for years 3-6 is somewhere between $5.3M-5.9M. It would be hard to believe it is immediately payable, either, but it could be.

Then he is gone, no question about it. If not, Lyke should be fired.

My initial guess a while back was $5-$6m. That should not be prohibitive and a good hire can justify/recoup that in a few years.

 

[Fsgolfdr]

Then he is gone, no question about it. If not, Lyke should be fired.

My initial guess a while back was $5-$6m. That should not be prohibitive and a good hire can justify/recoup that in a few years.

Your key words “good hire “ ! What makes you think Pitt will make a good hire ?

 

[SoufOaklin4Life]

Your key words “good hire “ ! What makes you think Pitt will make a good hire ?

Confidence the odds of being worse are low.

 

[CaptainMurphy]

Totally agree regarding Gallagher - how he let this contract, with these dollars, for this coach get approved and across his desk is beyond irresponsible - it was downright stupid. And he should be held accountable.

Maybe but you don't fire the chancellor over a bad coaching hire as SMF suggests. The only time a chancellor should lose his job over athletics is if there is a major scandal. Looks like he may have gotten it right with Lyke. Hopefully he had learned from his prior mistake with Barnes.

 

[Sean Miller Fan]

I read comments regarding ticket prices. I haven't checked, but people have stated that lower bowl tickets can be bought for $6. If these tickets go unsold why do people think they could offer a $99 package and it will somehow increase attendance?

The solution is for Stallings to go. If he stays and the team wins, say 4 conference games next year, then what? My opinion is that he is what he is an average coach. If this is what the fans want, then keep him. I on the other hand think the best option for program is get rid of him.

Because nobody buys individual game tickets. People dont wake up on a Tuesday and say, "let me check Stubhub to see what the going rate for the Pitt game tonight."

For $99 for the season, Pitt will sell all the upper deck tickets. It would draw a different demographic. Maybe not as many Pitt fans but just general basketball fans who want to see ACC ball.

 

[Sean Miller Fan]

If we pay $10 million to buy him out, Gallagher has to go. He is responsible for Barnes, who was responsible for reducing Dixon's buyout and hiring Stallings.

If we pay a full $10 million, and I doubt we do, I just dont see how we can hire a no-name mid-major who won't sell tickets. We may just have to give up and be held hostage by Barnes's contract special until the buyout is more reasonable.

Honestly, I think Pitt should sue Barnes and the search firm.

Maybe if Stallings stays they can drastically reduce prices to say $100 for the season, everything GA outside of the clubbies. That way they'd probably sell 15K or so ensuring attendance of maybe 5k-6K for ACC games.

Barnes should be investigated criminally. What he did has to be a crime!!!

I do believe Barnes and the search firm should be investigated.

 

[HailToPitt1985]

Maybe but you don't fire the chancellor over a bad coaching hire as SMF suggests. The only time a chancellor should lose his job over athletics is if there is a major scandal. Looks like he may have gotten it right with Lyke. Hopefully he had learned from his prior mistake with Barnes.

I agree. A Chancellor has more important and more impactful matters to handle than a coaching hire by his AD, who should be responsible for that. He delegates that responsibility to the AD. Now if for some reason Stallings had a record or was involved in a scandal, I can see Gallagher getting involved and nixing the whole deal. And with any new coach, that's on Lyke.

 

[BuffetParrothead]

If we pay $10 million to buy him out, Gallagher has to go. He is responsible for Barnes, who was responsible for reducing Dixon's buyout and hiring Stallings.

If we pay a full $10 million, and I doubt we do, I just dont see how we can hire a no-name mid-major who won't sell tickets. We may just have to give up and be held hostage by Barnes's contract special until the buyout is more reasonable.

Honestly, I think Pitt should sue Barnes and the search firm.

Maybe if Stallings stays they can drastically reduce prices to say $100 for the season, everything GA outside of the clubbies. That way they'd probably sell 15K or so ensuring attendance of maybe 5k-6K for ACC games.

A $ 10 mill buyout might make economic sense and I sure hope Pitt has people other than those who had a hand in hiring Stalling performing this analysis.


As I mentioned in a prior thread the $ 10 mill buyout is coming from somewhere.No matter how you look at it, it's money that won't be available for other sports which hurts overall Pitt athletics.

If the proper job was done in hiring Stalling this waste of money wouldn't be necessary.

Gallagher is responsible for managing the entire univerisity not just the academic components or the areas where he feels comfortable.

Pitt Leadership has failed miserably in the area of managing Pitt athletics specifically revenue sports.

Here's my worry.

Since revenue sports is the one areas that Pitt Leadership has been unable to manage properly for many years, maybe they'll do what alot of businesses do when they have a business segment that they don't manage properly get rid of it??

IMO PItt is heading in the direction of eliminating football and basketball and just having Oympic sports. The new AD Lyke has experience in managing non revenue sports.

Pitt makes no money on football and basketball.
Only a small component of the fanbase supports both sports.
They don't have a Leadership Team with the compentencies to manage those sports.
In short it's to much trouble and effort to waste time on either sport so getting rid of both down the road makes sense.

"its' five o'clock somewhere"
Signed: Mr Buffett
Go Pitt & CSU Rams!

 

[Sean Miller Fan]

If we pay $10 million to buy him out, Gallagher has to go. He is responsible for Barnes, who was responsible for reducing Dixon's buyout and hiring Stallings.

If we pay a full $10 million, and I doubt we do, I just dont see how we can hire a no-name mid-major who won't sell tickets. We may just have to give up and be held hostage by Barnes's contract special until the buyout is more reasonable.

Honestly, I think Pitt should sue Barnes and the search firm.

Maybe if Stallings stays they can drastically reduce prices to say $100 for the season, everything GA outside of the clubbies. That way they'd probably sell 15K or so ensuring attendance of maybe 5k-6K for ACC games.

A $ 10 mill buyout might make economic sense and I sure hope Pitt has people other than those who had a hand in hiring Stalling performing this analysis.


As I mentioned in a prior thread the $ 10 mill buyout is coming from somewhere.No matter how you look at it, it's money that won't be available for other sports which hurts overall Pitt athletics.

If the proper job was done in hiring Stalling this waste of money wouldn't be necessary.

Gallagher is responsible for managing the entire univerisity not just the academic components or the areas where he feels comfortable.

Pitt Leadership has failed miserably in the area of managing Pitt athletics specifically revenue sports.

Here's my worry.

Since revenue sports is the one areas that Pitt Leadership has been unable to manage properly for many years, maybe they'll do what alot of businesses do when they have a business segment that they don't manage properly get rid of it??

IMO PItt is heading in the direction of eliminating football and basketball and just having Oympic sports. The new AD Lyke has experience in managing non revenue sports.

Pitt makes no money on football and basketball.
Only a small component of the fanbase supports both sports.
They don't have a Leadership Team with the compentencies to manage those sports.
In short it's to much trouble and effort to waste time on either sport so getting rid of both down the road makes sense.

"its' five o'clock somewhere"
Signed: Mr Buffett
Go Pitt & CSU Rams!

The thought of them giving up the ACC and moving to the A10 or D3 seems unrealistic. However, the ACC kicking us out or being left behind in a 4 super-conference model is more likely. Not that I think it will happen but if we start drawing 15K for football and 2K for basketball, you never know

 

[andypappas]

Because nobody buys individual game tickets. People dont wake up on a Tuesday and say, "let me check Stubhub to see what the going rate for the Pitt game tonight."

For $99 for the season, Pitt will sell all the upper deck tickets. It would draw a different demographic. Maybe not as many Pitt fans but just general basketball fans who want to see ACC ball.

See your comment makes no sense. What demographic will it draw? You are saying it would draw ACC fans? For $6 ACC fans are not showing up. You think they would show up to watch Pitt play all the little sisters of the poor in the non conference games?

 

[HailToPitt1985]

A $ 10 mill buyout might make economic sense and I sure hope Pitt has people other than those who had a hand in hiring Stalling performing this analysis.


As I mentioned in a prior thread the $ 10 mill buyout is coming from somewhere.No matter how you look at it, it's money that won't be available for other sports which hurts overall Pitt athletics.

If the proper job was done in hiring Stalling this waste of money wouldn't be necessary.

Gallagher is responsible for managing the entire univerisity not just the academic components or the areas where he feels comfortable.

Pitt Leadership has failed miserably in the area of managing Pitt athletics specifically revenue sports.

Here's my worry.

Since revenue sports is the one areas that Pitt Leadership has been unable to manage properly for many years, maybe they'll do what alot of businesses do when they have a business segment that they don't manage properly get rid of it??

IMO PItt is heading in the direction of eliminating football and basketball and just having Oympic sports. The new AD Lyke has experience in managing non revenue sports.

Pitt makes no money on football and basketball.
Only a small component of the fanbase supports both sports.
They don't have a Leadership Team with the compentencies to manage those sports.
In short it's to much trouble and effort to waste time on either sport so getting rid of both down the road makes sense.

"its' five o'clock somewhere"
Signed: Mr Buffett
Go Pitt & CSU Rams!

What you said about support of both sports by the fanbase is true. If you look at the entire Pitt alumni universe and the current Pitt student population, support of either sport is minimal. Then looking at the actual Pitt athletics fanbase, there are the football supporters and the basketball supporters. Few support both sports. I know I do, but I don't think I'm in the majority.

 

[Sean Miller Fan]

Because nobody buys individual game tickets. People dont wake up on a Tuesday and say, "let me check Stubhub to see what the going rate for the Pitt game tonight."

For $99 for the season, Pitt will sell all the upper deck tickets. It would draw a different demographic. Maybe not as many Pitt fans but just general basketball fans who want to see ACC ball.

See your comment makes no sense. What demographic will it draw? You are saying it would draw ACC fans? For $6 ACC fans are not showing up. You think they would show up to watch Pitt play all the little sisters of the poor in the non conference games?

Not necessarily but $99 upper level season tickets on billboards and buses sell out. Its a great price for major D1 college bball. Some dad in Wexford who went to Bucknell and could care less about Pitt would buy them and take his kids to 5-6 games per year and maybe give away a few to his friends and neighbors.

 

[PittFathead87]

No one is going to throw even $100 away to watch this disaster

 

[BuffetParrothead]

Not necessarily but $99 upper level season tickets on billboards and buses sell out. Its a great price for major D1 college bball. Some dad in Wexford who went to Bucknell and could care less about Pitt would buy them and take his kids to 5-6 games per year and maybe give away a few to his friends and neighbors.

Pitt fans are so miserable these days they don't have friends and their neighbors have moved.
Pitt fans who aren't miserable and have friends and neighbors don't want their friends and neighbors to know they're Pitt fans so they won't give away extra tickets.

"it's five o'clock somewhere"
Signed: Mr Buffett
Go Pitt & CSU Rams!

 

[andypappas]

Not necessarily but $99 upper level season tickets on billboards and buses sell out. Its a great price for major D1 college bball. Some dad in Wexford who went to Bucknell and could care less about Pitt would buy them and take his kids to 5-6 games per year and maybe give away a few to his friends and neighbors.

Sorry, this makes no sense. You can advertise all you want. If it smells like crap, looks like crap....It is crap