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+---- Thread: Louisiana Raises the Bar [Coaching] (/thread-692272.html)
Louisiana Raises the Bar [Coaching] - Vobserver - 06-13-2014 07:44 AM
UL and football coach Mark Hudspeth have signed a 6 year contract giving Hud an average annual salary of just over $1,000,000.
http://www.theadvertiser.com/story/sports/college/football/2014/06/13/coach-hud-million-mark/10410019/
RE: Louisiana Raises the Bar [Coaching] - ark30inf - 06-13-2014 07:53 AM
Ours has been pretty much coaching for free for three years in a row. Plus we had one guy pay us to be coach.
RE: Louisiana Raises the Bar [Coaching] - NCeagle - 06-13-2014 08:55 AM
nice. upping the salary is one of the best ways to keep a coach from jumping ship. good move
RE: Louisiana Raises the Bar [Coaching] - AppManDG - 06-13-2014 10:15 AM
(06-13-2014 07:53 AM)ark30inf Wrote: Ours has been pretty much coaching for free for three years in a row. Plus we had one guy pay us to be coach.
If so you guys sure have been getting a lot of bang for the buck!
Re: RE: Louisiana Raises the Bar [Coaching] - ark30inf - 06-13-2014 10:45 AM
(06-13-2014 10:15 AM)AppManDG Wrote:(06-13-2014 07:53 AM)ark30inf Wrote: Ours has been pretty much coaching for free for three years in a row. Plus we had one guy pay us to be coach.
If so you guys sure have been getting a lot of bang for the buck!
It's true. And it has worked great.
But it does cause heartburn.
RE: Louisiana Raises the Bar [Coaching] - CajunAmos - 06-13-2014 10:48 AM
(06-13-2014 10:45 AM)ark30inf Wrote:(06-13-2014 10:15 AM)AppManDG Wrote:(06-13-2014 07:53 AM)ark30inf Wrote: Ours has been pretty much coaching for free for three years in a row. Plus we had one guy pay us to be coach.
If so you guys sure have been getting a lot of bang for the buck!
It's true. And it has worked great.
But it does cause heartburn.
Never thought of buy out clauses as a profit making venture. Very nice.
Re: RE: Louisiana Raises the Bar [Coaching] - ark30inf - 06-13-2014 11:04 AM
(06-13-2014 10:48 AM)CajunAmos Wrote:(06-13-2014 10:45 AM)ark30inf Wrote:(06-13-2014 10:15 AM)AppManDG Wrote:(06-13-2014 07:53 AM)ark30inf Wrote: Ours has been pretty much coaching for free for three years in a row. Plus we had one guy pay us to be coach.
If so you guys sure have been getting a lot of bang for the buck!
It's true. And it has worked great.
But it does cause heartburn.
Never thought of buy out clauses as a profit making venture. Very nice.
The drawback being that you have to win your bowl games without a coaching staff. Kind of a bummer.
Louisiana Raises the Bar [Coaching] - Hemi Man - 06-13-2014 11:50 AM
When LB leaves it will be time for Troy U and Troy fans to put up or shut up!
Posted from my mobile device using the CSNbbs App
RE: Louisiana Raises the Bar [Coaching] - Louisianafanrcajun90 - 06-13-2014 11:58 AM
(06-13-2014 07:44 AM)Vobserver Wrote: UL and football coach Mark Hudspeth have signed a 6 year contract giving Hud an average annual salary of just over $1,000,000.
http://www.theadvertiser.com/story/sports/college/football/2014/06/13/coach-hud-million-mark/10410019/
As George Jefferson would have said, "We're moving on up"!
RE: Louisiana Raises the Bar [Coaching] - Louisianafanrcajun90 - 06-13-2014 12:04 PM
(06-13-2014 10:45 AM)ark30inf Wrote:(06-13-2014 10:15 AM)AppManDG Wrote:(06-13-2014 07:53 AM)ark30inf Wrote: Ours has been pretty much coaching for free for three years in a row. Plus we had one guy pay us to be coach.
If so you guys sure have been getting a lot of bang for the buck!
It's true. And it has worked great.
But it does cause heartburn.
You guys have created an interesting niche. ASU has become coaching U. Do well over there and move on up very quickly.
RE: Louisiana Raises the Bar [Coaching] - Saint3333 - 06-13-2014 12:47 PM
Over 5% of ULL's budget goes to one coach, that seems high. Where is that money coming from?
RE: Louisiana Raises the Bar [Coaching] - Georgia_Power_Company - 06-13-2014 01:00 PM
(06-13-2014 12:47 PM)Saint3333 Wrote: Over 5% of ULL's budget goes to one coach, that seems high. Where is that money coming from?
I agree are you not paying your assistants?
RE: Louisiana Raises the Bar [Coaching] - Complacent Cajun - 06-13-2014 01:16 PM
(06-13-2014 01:00 PM)Georgia_Power_Company Wrote:(06-13-2014 12:47 PM)Saint3333 Wrote: Over 5% of ULL's budget goes to one coach, that seems high. Where is that money coming from?
I agree are you not paying your assistants?
I'm sure someone can come in here and give a more accurate answer than me, but we're about to break last year's RCAF donation record just 6 months into the year.
We also have an RCAF banquet after the football season, and 100% of the proceeds from that event goes straight into the assistants salary pool (I think).
Also banking on the increased number of season tickets sold this year, as well as revenue anticipated from crowds hopefully larger than 28k (6 home games) this year.
RE: Louisiana Raises the Bar [Coaching] - geauxcajuns - 06-13-2014 01:42 PM
(06-13-2014 01:00 PM)Georgia_Power_Company Wrote:(06-13-2014 12:47 PM)Saint3333 Wrote: Over 5% of ULL's budget goes to one coach, that seems high. Where is that money coming from?
I agree are you not paying your assistants?
Highest paid assistants in the Sun Belt.
RE: Louisiana Raises the Bar [Coaching] - Vobserver - 06-13-2014 01:46 PM
(06-13-2014 12:47 PM)Saint3333 Wrote: Over 5% of ULL's budget goes to one coach, that seems high. Where is that money coming from?
I will answer both questions.
First; the accounting practices we use exclude very significant costs associated with athletics that are not included in the athletic budget. As an example, building maintenance is charged to the University Grounds department, or in the case of the Cajundome, to the City of Lafayette. Therefore, what looks like 5% isn't really 5%. In any event, only $175K/yr of Hud's salary is being paid by the University; the rest is being paid by the boosters.
We pay our assistants at or very near the top of the conference.
RE: Louisiana Raises the Bar [Coaching] - arkstfan - 06-13-2014 01:47 PM
(06-13-2014 01:46 PM)Vobserver Wrote:(06-13-2014 12:47 PM)Saint3333 Wrote: Over 5% of ULL's budget goes to one coach, that seems high. Where is that money coming from?
I will answer both questions.
First; the accounting practices we use exclude very significant costs associated with athletics that are not included in the athletic budget. As an example, building maintenance is charged to the University Grounds department, or in the case of the Cajundome, to the City of Lafayette. Therefore, what looks like 5% isn't really 5%. In any event, only $175K/yr of Hud's salary is being paid by the University; the rest is being paid by the boosters.
We pay our assistants at or very near the top of the conference.
Yeah I do a several times a year explanation that varying accounting practices make reported budget figures unreliable when comparing between schools but it's a wasted effort.
RE: Louisiana Raises the Bar [Coaching] - Saint3333 - 06-13-2014 02:16 PM
I can understand the differences in accounting policies and could see why building maintenance may not be an athletic expense, but a coach's salary should be included. Under what department are those expenses held?
My CPA nose is smelling something with this explanation.
RE: Louisiana Raises the Bar [Coaching] - CrazyCajun - 06-13-2014 02:33 PM
(06-13-2014 01:46 PM)Vobserver Wrote:(06-13-2014 12:47 PM)Saint3333 Wrote: Over 5% of ULL's budget goes to one coach, that seems high. Where is that money coming from?
I will answer both questions.
First; the accounting practices we use exclude very significant costs associated with athletics that are not included in the athletic budget. As an example, building maintenance is charged to the University Grounds department, or in the case of the Cajundome, to the City of Lafayette. Therefore, what looks like 5% isn't really 5%. In any event, only $175K/yr of Hud's salary is being paid by the University; the rest is being paid by the boosters.
We pay our assistants at or very near the top of the conference.
Mr.VO, if I'm not mistaken I think that cap is $225K on any state employee.
RE: Louisiana Raises the Bar [Coaching] - CrazyCajun - 06-13-2014 02:37 PM
(06-13-2014 02:16 PM)Saint3333 Wrote: I can understand the differences in accounting policies and could see why building maintenance may not be an athletic expense, but a coach's salary should be included. Under what department are those expenses held?
My CPA nose is smelling something with this explanation.
Total Coaches Salary and Compensation Line shows the actual expense, that number is offset by another line in the budget called Donations and other Goods and Services. There is no accounting trick to it, standard P&L Reporting.
Re: RE: Louisiana Raises the Bar [Coaching] - ark30inf - 06-13-2014 02:42 PM
(06-13-2014 01:47 PM)arkstfan Wrote:(06-13-2014 01:46 PM)Vobserver Wrote:(06-13-2014 12:47 PM)Saint3333 Wrote: Over 5% of ULL's budget goes to one coach, that seems high. Where is that money coming from?
I will answer both questions.
First; the accounting practices we use exclude very significant costs associated with athletics that are not included in the athletic budget. As an example, building maintenance is charged to the University Grounds department, or in the case of the Cajundome, to the City of Lafayette. Therefore, what looks like 5% isn't really 5%. In any event, only $175K/yr of Hud's salary is being paid by the University; the rest is being paid by the boosters.
We pay our assistants at or very near the top of the conference.
Yeah I do a several times a year explanation that varying accounting practices make reported budget figures unreliable when comparing between schools but it's a wasted effort.
Its amazing how those little lists of athletic budgets get viewed as holy writ.