In all seriousness, who is the guy that you want to follow Mooney? If he gets sacked, what's the next step?
Fire Mooney
- Thread starter URWilk110
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The Colgate coach has had his team in the conference title game four years in a row. His overall record isn't great because it took a few years to get going, but they sure are going now. Watching them last night, they looked like what I thought we would look like this year.
8legs1dream
Graduate Assistant
what's worse, the unknown performance that a new coach will bring or the known performance that CM will bring?
McKay from Liberty - and he would likely bring back Kevin Anderson as some form of assistant. Only problem with McKay from Liberty is he might require a hefty paycheck. I think he has 5 years left on his current deal and his last known salary was around 650K in 2018 and safe to assume that has increased since then.
So would UR be willing to pay him 1 million a year and likely some, if not all, of his contract buyout for leaving early? I doubt it.
So would UR be willing to pay him 1 million a year and likely some, if not all, of his contract buyout for leaving early? I doubt it.
There are lots of great options. Lots. I've posted on a number of them over last few weeks. But I don't feel like getting back into it because it's just depressing. And some of those good choices will likely move on here in the coaching carousel while the UR admin celebrates the status quo.
Just found UR's latest 990 form, filed last July and covering July 1, 2018 through June 30, 2019...it shows Mooney got a nice influx of cash that year thanks to ~$1 million in previously deferred compensation that was paid out to him that year. So he took home almost $1.9 million that year, plus another $350,000 in retirement and other deferred comp. See page ~73 of the PDF.
Let's hire Robin Blandford as basketball coach. He makes the same amount as Mooney anyway. Put Mooney in charge of the Spider Management Co. He looks like an investment manager anyway. What do we have to lose?
Nuts. I'm not joking he probably had some longevity clause that paid him extra if he was still employed after a certain period of time. Another reason to fire him.
Highest compensation at the university but no accountability. Consistently doesn't meet expectations. Is this what the University teaches these days? I don't get it.
And I said this just recently on here to sman I believe, take a look at what we pay these ex presidents. Cooper hasn't been President for 14 years and he's pulling in 800k! Oh yeah I guess he gives a couple psychology lectures a semester remotely.
The point is we could buy Mooney out at any moment it's not hard.
well first of all...Are you a nice guy?
Do you know what a goal is? Clue.....not the kind you throw a ball into.
This is truly disgusting. There must be some law against this organizational scam being a tax deductible donation.
I assume you mean "ruining our investment?" Yes, there appear to be many people who are very well-versed in this!
If we had a "UR Spider Management Investment Forum" i think the posters there would be similarly excited about your proposed trade.
Well unlike Mooney at least Blandford was demoted and being sent into retirement in 2022.
I'm no CPA and not that this makes a difference ... it's still a lot of money ... but he still "earned" $1.1M or $1.3M (whatever it was) that year.
deferred compensation just means for some reason we paid him less than contractually obligated in prior years and caught up in 2018-19.
it does beg the question why we paid him less earlier? doing so is basically taking a loan from him, mostly likely with interest. was our athletic budget cash strapped for some reason? if so that contradicts popular opinion that we're sitting on a pile of money that we can use to buy out contracts at any time.
deferred compensation just means for some reason we paid him less than contractually obligated in prior years and caught up in 2018-19.
it does beg the question why we paid him less earlier? doing so is basically taking a loan from him, mostly likely with interest. was our athletic budget cash strapped for some reason? if so that contradicts popular opinion that we're sitting on a pile of money that we can use to buy out contracts at any time.
Deferred compensation is extremely common in coaching contracts for a variety of reasons...tax-advantaged treatment of a portion of the salary, separating out some retention bonus from the base salary to reduce the buyout on both sides, etc. We obviously don't know the details here, so it's impossible to say exactly how his contract is structured and why.
We should defer the rest of his salary indefinitely.
but he wasn't getting paid less earlier, the year prior he was over 1.2 mil I believe. As mentioned above the most logical was a retention bonus that is viewed as deferred comp and my sources agree. it would be a drop in bucket to buy it out if we had to. Did you see what we we still pay Ayers and especially Cooper who has been gone 14 years. Don't over complicate it, the university is flush with cash.
"Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a later date after which the income was earned. Examples of deferred compensation include pensions, retirement plans, and employee stock options."
the income was earned before. my point was this wasn't money earned in 2018-19. he didn't "earn" $2M in 2018-19,
the income was earned before. my point was this wasn't money earned in 2018-19. he didn't "earn" $2M in 2018-19,
It's true that it is being "double counted" the way the figures are being thrown around. That $1.2 million from the previous year likely also includes some deferred compensation that would show up again on a later 990 when it's actually paid out.
It's happened before...back in 2015-16 he had $1.46 million of deferred comp paid out, giving him almost $2.3 million in real pay plus another $400K in retirement and new deferred comp, pushing him close to $2.7 million.
So yeah, if people want to look at things over a number of years, deferred comp should be counted only once, either when it's granted or when it's paid out.
I'm not a CPA either but retention bonuses are deferred comp strategies too. He had a retention bonus in his contract.
Who cares the fact is his contract is even better & worth more. Another reason for transparency at the highest levels and we get "nothing to see here" from U of R.
No dispute but if you analyze all the 990s I'm confident he's been compensated even higher than the 1.25 or so average salary thrown around. He certainly had a high retention bonus in there. Thinking back I recall Miller even alluding to that.
My main point is it should not be a guessing game anyway. He's the highest paid guy at the university it's not an unreasonable ask to have that kind of transparency.
Quite confident any one of us on this board could have delivered as many NCAA bids over the past decade as Mooney for a fraction of the cost. They could have paid me 200K annually to not take the team to the NCAA and you damn well believe, I would have delivered. Think of what they could have done with that extra million annually.
8legs1dream
Graduate Assistant
I offer up my services for only 190k, what a bargain!
I wonder if either us are as "nice" of guys as they require for our coach and of course we have to represent the University well too. Those are pretty high bars. I can wear a suit and talk pretty. What about you?
8legs1dream
Graduate Assistant
I can do those things but my hair doesn't compare to the Moon-Man's, that's my downfall.
I’m more interested in why UR is paying Cooper.
Well apparently we pay buyouts on failed administrators but not on coaches.
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