Quote:
Originally Posted by Djeffery
Mike Babcock only just stopped getting paid by the Leafs a year ago, and now probably has a couple years of Columbus paychecks coming in too. I think he's made more money getting paid to not coach than he has coaching lol.
|
It truly is mind boggling how owner's allow their GM's to sign these unnecessaryily long contracts for coaches and pointless extensions. And major colleges too, whether they are public or private universities.
95% of the time that coach didn't have teams lined up knocking on his door wanting his services so who knows why you felt it was necessary to give him an 8 year contract. And no, Shannahan, teams weren't trying to poach Keefe from you (AFAIK). He was the coach of a very talented team that happens to be in his hometown. A vote of confidence is just another way of grifting the system and making the rich richer in the old boys club.
College football has the most egrigious examples. This past year gave us a new all time low. Texas A&M signed Jimbo Fisher from FSU for a 10 year $75m deal. He won one NC at FSU but then the wheels started coming off. Multiple experts said their recruiting was slowing down the cupboard was starting to become bare. TAMU signed him to that gaudy deal anyway.
Four years into his contract they gave him an extension despite not winning the conference he was in yet. They added three years and his salary was $9m starting the next season. He was fired a few months ago and is guaranteed $77.5m, even if he takes another job elsewhere.
Once again, no one was trying to hire him away. TAMU is a public school too. They have to be accountable and they do get state funding for various things. However, like all major programs, they have boosters, which are rich alumni who can fund a big chunk of these deals. In this case, the boosters are paying for his buyout. They are most likely oil magnates.
Imagine what social good could be done with all all these tens of millions they flush down the toilet by giving it to already rich men that didn't earn it.