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Swinefinder
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Bielema's buyout

Postby Swinefinder » Thu Feb 07, 2019 4:28 pm

I saw a Wally Hall column a couple of weeks ago stating that the Razorback Foundation was paying just over $320,000 a month to Bret Bielema to satisfy the buyout provision of his contract. This last year he worked as a "Special Assistant" to Bill Belichick. So, is it wrong to conclude that the Foundation paid his salary to work in the New England Patriot organization? Furthermore, what kind of job does he have to take to stop further payments (an Assistant Coaching job in either college or the NFL, a Coordinator job in college or the NFL, or a Head Coach job in any league)? How does this all work?

Swine Fusion
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Re: Bielema's buyout

Postby Swine Fusion » Thu Feb 07, 2019 4:34 pm

What Bielema made from the Pats is supposed to offset what he's getting from UA. And I'm pretty sure Wally is just throwing numbers out and has no idea how big the checks actually are (the RF is not subject to FOI requests).

So if New England was paying him $20,000 a month, just to have a number, that $20,000 would be subtracted from what the Foundation pays him, so his UA check would be $300,000.
My people skills are just fine; it's my tolerance to idiots that needs work.

Swinefinder
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Joined: Thu Dec 08, 2016 10:07 am

Re: Bielema's buyout

Postby Swinefinder » Thu Feb 07, 2019 5:10 pm

That makes sense. So, Bielema can go to work for some football program or franchise and the Foundation would still have to pay the difference between what he is receiving right now from us offset by what he receives from his new employer. However, what kind of job would he have to take so that the Foundation no longer owes him anything? Or is the Foundation going to subsidize his new employer's salary package until the 11 + million dollar buyout is satisfied?

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Army Hog
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Re: Bielema's buyout

Postby Army Hog » Thu Feb 07, 2019 5:27 pm

Swinefinder wrote:
Thu Feb 07, 2019 5:10 pm
That makes sense. So, Bielema can go to work for some football program or franchise and the Foundation would still have to pay the difference between what he is receiving right now from us offset by what he receives from his new employer. However, what kind of job would he have to take so that the Foundation no longer owes him anything? Or is the Foundation going to subsidize his new employer's salary package until the 11 + million dollar buyout is satisfied?
His pay would have to exceed the total amount owed by the RF. That's the way it sounds.

Swine Fusion
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Re: Bielema's buyout

Postby Swine Fusion » Thu Feb 07, 2019 6:13 pm

Swinefinder wrote:
Thu Feb 07, 2019 5:10 pm
That makes sense. So, Bielema can go to work for some football program or franchise and the Foundation would still have to pay the difference between what he is receiving right now from us offset by what he receives from his new employer. However, what kind of job would he have to take so that the Foundation no longer owes him anything? Or is the Foundation going to subsidize his new employer's salary package until the 11 + million dollar buyout is satisfied?
Pretty much we owe him the whole thing minus any offsets. So he would have to find a job paying $3 million plus before we'd get out of the obligation completely.

It could be worse. Kevin Sumlin's contract with Texas A&M had no offsets, so he was due the amount in full whether he got another coaching job or not.
My people skills are just fine; it's my tolerance to idiots that needs work.

Swine Fusion
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Joined: Mon Jun 27, 2016 8:52 am

Re: Bielema's buyout

Postby Swine Fusion » Thu Feb 07, 2019 6:19 pm

Amended. Just found out from Matt that there is no offset if the new job pays $125,000 or less. So he gets the full amount from UA PLUS what the Pats paid him if it's less than $125K. I bet his salary from NE is just about $125,000.
My people skills are just fine; it's my tolerance to idiots that needs work.

Swinefinder
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Re: Bielema's buyout

Postby Swinefinder » Fri Feb 08, 2019 1:53 pm

So the take away from this is that Bret Bielema is going to have to find a job that pays $3,000,000 annually or the Razorback Foundation is going to pay out the entire $11,000,000 + contract (whichever comes last) to fulfill the contract's final obligations? Am I missing something? In the meantime, whoever hires him could very well have part of its salary package for his (Bielema's) services be paid for by the Razorback Foundation. If my interpretation is wrong (please correct me but if this is true), is it any wonder why Jeff Long is no longer employed by the University of Arkansas?

I realize that Kevin Summlin got an even more lucrative buy out. It's that kind of thinking that leaves not doubt why the Aggies have a whole line of comedic material written about them.

As a low dollar contributor (and nosebleed season ticker holder) to the Razorback Foundation, it is disheartening to know that a very small portion of my hard earned money is (or has) been spent to pay Coach Bielema's salary from the New England Patriots. I have sat in the stands at War Memorial or Razorback stadium drinking from a $4 bottle of water and watched our team get beat by the likes of Toledo or North Texas State. Is it any wonder why the Razorback fan base feels so negative about things related to football. I can only hope that Chad Morris can show us some consistent improvement this next year and beyond. If not, then I think the powers that be really need to make some hard decisions about our whole football program from the concessions we buy to what type of jock our guys use. Patience is slowly running out.

Swine Fusion
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Re: Bielema's buyout

Postby Swine Fusion » Sat Feb 09, 2019 7:49 am

No we're not paying his salary from the Patriots. What we are doing is giving NE a bargain. They're able to pay him $125K instead of what he might be earning if there were no buyout being paid.
My people skills are just fine; it's my tolerance to idiots that needs work.

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