Heupel's UCF contract includes high buyout, innovative provisions

[UCFhonors]

This is exactly what we needed to do.

Thanks Brandon for the quick update

According to the terms in the memorandum of understanding, UCF will be owed a buyout of $10 million if Heupel departs prior to the 2020 bowl game.

Here are the highlights of the deal:

https://ucf.rivals.com/news/heupel-s-ucf-contract-includes-high-buyout-innovative-provisions

 

[ucfversusbcs]

I'm certainly happy about the high buyout! ADDW must really be reading the forums.

 

[Stormthecourt?]

I'm certainly happy about the high buyout! ADDW must really be reading the forums.

Glad he took my advice about the starting salary starting over.

 

[SCKnight]

The buyout provision changes to 50% of contract if Danny White is no longer the AD? That is an interesting provision.

 

[Mikesi]

-The staff salary pool will be $2.5 million

What was it last year? Has that increased significantly? Where is the excellence fund being used?

 

[Stormthecourt?]

-The staff salary pool will be $2.5 million

What was it last year? Has that increased significantly? Where is the excellence fund being used?

Increased a million I believe

 

[ucfversusbcs]

the 50 percent drop can be interpreted in different ways.

 

[UCFBS]

Should this really be posted outside the Dungeon?

 

[80'sKnight]

Now I can see why others may have no been so interested in UCF. White wanted loyalty, Sumlin may have wanted a stepping stone.

 

[Knight Badger 80]

So roughly the first two years base salary are paid by Frosts buy out....

 

[ucfversusbcs]

Should this really be posted outside the Dungeon?

is that link dungeon member only?

 

[Happy Hands]

The buyout provision changes to 50% of contract if Danny White is no longer the AD? That is an interesting provision.

White won't be here by the time that contract is up. The dude is damn good and people will notice. If we have him this time next year, I'll be happy.

 

[HammerB08]

Now I can see why others may have no been so interested in UCF. White wanted loyalty, Sumlin may have wanted a stepping stone.

That's what I'm thinking. Sumlin saw a 10-12 win team coming back and figured he'd just take that to the bank and then move on after 2018.

 

[Stormthecourt?]

White won't be here by the time that contract is up. The dude is damn good and people will notice. If we have him this time next year, I'll be happy.

Should bump him from 600k to a million tmrw

 

[UCFhonors]

Should this really be posted outside the Dungeon?

BS, you’re really starting to lose it.

Go take a few laps before posting again. While you’re on your run, say P6 on every exhale. Maybe that will help you remember who we are. MNCs

 

[Square Knight]

Should this really be posted outside the Dungeon?

Brandon is tweeting about all these details. It is not Dungeon only material.

 

[Poolside Knight]

this info was publicly available by other local news outlets as well

 

[HammerB08]

I always had a tough time keeping Oklahoma QBs Josh Heupel and Nate Hybl straight. This hire will solve my problems.

 

[Mikesi]

Should this really be posted outside the Dungeon?

Relax dude. You’re like me. You have your moments. Take a deep breath. All is back to normal now

 

[Mikesi]

So roughly the first two years base salary are paid by Frosts buy out....

UCF has money now

If Frost was here, we would have Frost, but no buyout and a big salary increase for him and the assistants. A several million dollar swing

 

[UCFBS]

Brandon is tweeting about all these details. It is not Dungeon only material.

Yeah, I caught that about a hour later. My apologies.

 

[Knightlife77]

Should this really be posted outside the Dungeon?

Didn't realize this was top secret information. Was the new coach going to wear a Darth Vader uniform so nobody knew who he was.

 

[muckdawg24]

https://ucf.rivals.com/news/heupel-s-ucf-contract-includes-high-buyout-innovative-provisions

Surprised his salary is under 2 million, but lots of incentives, thoughts?

 

[Ace of Knights]

https://ucf.rivals.com/news/heupel-s-ucf-contract-includes-high-buyout-innovative-provisions

Surprised his salary is under 2 million, but lots of incentives, thoughts?

I think Frost started with the same salary. I think it’s fair. First year as a first time head coach. Win and he’ll get a nice raise.

 

[muckdawg24]

Should bump him from 600k to a million tmrw

His dad doesn't even make a million. We're top 35 in pay for ADs.

 

[BG_Knightmare]

I think to stop the AAC coach plundering more schools in the conference need to implement a high buyout before the bowl clause. It's such a good way to approach the problem because if a school really wants to take the coach they either have to put up the big bucks or risk waiting until after early signing period is in full swing and risk losing recruits.

That makes me wonder what provisions are in Mike Norvells contract at Memphis.

 

[Miltonian]

I think to stop the AAC coach plundering more schools in the conference need to implement a high buyout before the bowl clause. It's such a good way to approach the problem because if a school really wants to take the coach they either have to put up the big bucks or risk waiting until after early signing period is in full swing and risk losing recruits.

That makes me wonder what provisions are in Mike Norvells contract at Memphis.

His incentives make it really attractive to stay and do well and keep the good of the program as far as growth in mind. With incentives, total pay would make him a top 10 paid coach.

 

[SiberianKnightmare]

Maybe he really wants to be UCF's Bobby Bowden. Frost wanted to as well. He just wanted to be Tom Osbourne Jr a little more.

 

[jestert79]

I like the connection with marketing, like season tickets. I think after O'Leary left we made some major steps with social media and video quality that helps hype up the fanbase. I'm guessing he wants to ensure any coach will keep that up.

 

[UCFhonors]

I think to stop the AAC coach plundering more schools in the conference need to implement a high buyout before the bowl clause. It's such a good way to approach the problem because if a school really wants to take the coach they either have to put up the big bucks or risk waiting until after early signing period is in full swing and risk losing recruits.

That makes me wonder what provisions are in Mike Norvells contract at Memphis.

Yep. And if your coach sucks, you won't make it the bowl. Great idea.

 

[UCFhonors]

https://ucf.rivals.com/news/heupel-s-ucf-contract-includes-high-buyout-innovative-provisions

Surprised his salary is under 2 million, but lots of incentives, thoughts?

It wasn't long ago that $2m was a top paid coach. Hell, Bob Stoops was the first to cross The $3m (adj for inflation). Not 25 years ago. 11 years ago.

We can't play this arms race, and win.

I've said LOUDLY for years, what we can't offer in pay, we can offer in job security. This is exactly what we have done with this contract.

When I started out in Investment Banking, 75%+ of the total compensation package for top level people's pay was their bonus. Some years they would get ZERO bonus.

If I had it my way, we would pay our coach $500k base with $1.5m of potential incentives. That is how the real world works.