For Hardt to fire Mooney would be admitting he made a multimillion dollar mistake with the extension, he obviously isn’t man enough to do that.
It seems that you are on the right track here. I think the whole retain and support Mooney thing is about covering-up for the AD and the department that he runs. Things that come
immediately to mind:
1) Consistent underachievement in most sports, mediocre to poor performance is obvious (reflects poorly on the Hardt administration)
2) Multimillion dollar extension mistake as stated by I-M-UR above (reflects poorly on Hardt and his administration)
3) School saying they will just get new fans (reflects poorly on the Hardt administration)
4) Matt whoever running his mouth regularly (reflects poorly on the Hardt administration)
5) Mooney, and the flagship program are the ultimate in mediocre to poor performance (reflects poorly on the Hardt administration)
6) COVID protocols were a failure, more so than most Universities (reflects poorly on the Hardt administration)
7) Hardt and Mooney were caught lying in the St. Louis debacle (reflects poorly on Hardt and his administration)
8) Mismanaged Hardt's and the schools relationship with the A-10 commissioner (reflects poorly on Hardt and his administration)
9) Sure fire, can't miss basketball season was a disaster (reflects poorly on Mooney and the Hardt administration)
If you flip the script and ask what the Hardt administration has done well, it is difficult to put many positives in his corner. I suspect that in his mind, he feels the need to sell the "everything is going great under my watch" story. That was, in fact, his statement.
It is pretty obvious to me that the bosses in Hardt's chain of command care little about winning. They likely don't know much about sports to begin with because they are academics. They seem to turn it over to Hardt. He tells that "things have never been better," they nod and smile, and follow it up with, that is good to hear.