Wow $32 Million+! Got to wonder what's all included in those numbers. Buyout of Woody was $6 million+ as was the buyout of DeVries at West Virginia. Also need to consider the salaries of all the assistants and of course the portal expenditures.
Big number for the results but it may be somewhat inflated because of all that transpired in the last year.
https://twitter.com/JeffRabjohns/status/2033603513297584193?s=20
Take out $11M for all the buyouts (that's likely high) and we're still in the top 5 on that list. We're buying out Woody @ $1M/year, so I'd argue we're still first on that list even with the buyouts. it's been almost 30 years since I took fund accounting, so maybe they do have to recognize the entire $8M buyout as an expenditure in that year.
Regardless, the results don't align with the investment.
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB
https://twitter.com/JeffRabjohns/status/2033603513297584193?s=20
Take out $10M for all the buyouts (that's high) and we're still in the top 5 on that list. We're buying out Woody @ $1M/year, so I'd argue we're still first on that list even with the buyouts. it's been almost 30 years since I took fund accounting, so maybe they do have to recognize the entire buyout as an expenditure in that year.
Regardless, the results don't align with the investment.
Oh, I agree our return on spend still stinks. Really stinks. I'm just noting that we're not spending like ~$10-12M more per year than big programs such as UK etc.
As an FYI, we ended up negotiating with Woody and instead of the ~$8.4M buyout paid $1M per year, IU paid him a lump $6.5M five days after he left.
As an FYI, we ended up in a negotiating with Woody and instead of the ~$8.4M buyout paid $1M per year, IU paid him a lump $6.5M five days after he left.
I'd forgotten all about that lump sum and my math is still wrong at 11M. 10th place on the list was $19M and change, so we're still top 10 with nothing to show for it. I'd love to see the last 15 years of data compared to peers.
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB
The headlines insinuate DD had that much money- the numbered were based on last year.
IU has overspent and underperformed in each year of NIL. The best ROI was Woody's 2nd year, largely because of TJD.
It doesn't matter whose tenure it refers to... it's one bad decision after another. And to make it worse not learning from the bad decisions.. it's borderline insanity. We spent the most, doesn't matter what it was spent on .. we took the prize and got stugots for all of it.
This is sickening, given the results we've seen.
https://www.extrapointsmb.com/p/here-s-what-it-costs-to-make-a-run-in-march-madness
Nobody else was even close.
Edit for Clarity - This would overlap with Woodson's last season, not Devries first season.
SI reported we spent 10 million for players this yr. That combined with DeVries contract of ~4.7 million(?)
equals about 2.5 million per each of the six Q1/Q2 wins
I hope the big money donors aren't scared off
Wilkerson was probably underpaid. TD maybe overpaid but not far off the going rate. He couldve got a lot on the open market. It wasnt Daddys gift. But then he underwhelmed... Ate too many steaks with his money.
Some of our other players were overpaid. Never seen someone like Bailey before. Rough year. But I can see why some teams were interested. I hope it wasnt our coaching making everybody sub-par.
Yeah, Wilkerson was the underrated gem of this team offensively.
Defense was bad from everyone, no bright spots there.
If Wilkerson had a couple better games, he ends up a 90/50/40 guy, which is outstanding.
@openwheel I would say Wilkerson and DeVries were both decent values. We seem to know that Bailey got 1million, he wasn't a good value, obviously. I haven't really seen, or heard, what everyone else was paid. Enright might have been a decent value if he wasn't paid much, same with Alexis.
The actual numbers specific players are getting is largely unknown, and pretty important when evaluating all these decisions. We know guys like Landeborg, Mara, Johnson, Cadeau... were all getting a lot of money... but what about Gayle, McKenny, Cason, etc... If all these elite teams are paying their support rotation players all 500K plus... then its hard to make the math workout, for IU to be "Sweet 16 competitive", with much less than 15 million or so. DeVries and Carr's challenge... as I see it... identify 4-5 elite level players, that cover the main on the court types of players needed, and land them... but then to find under the radar support rotation players, that they can "get cheap".
The more I look at potential portal guys, and think about roster construction... the less competitive I think "10 Million" was against who we want to be our peers. Its hard to come up with numbers much less than 12-13 million plus for teams like Purdue, Illinois, MSU, UCLA, Michigan. I'd guess IU was probably a little more than teams like Nebraska, Iowa, Wisconsin even... Washington and USC, I suspect were up near IU in NIL spend.
There's no question we didn't get a great ROI on our reported 10 million dollar roster. But when I start actually trying to guess and put numbers on competing rosters, its hard to not question some of these reported "top 10 in the country", or "top 2 in the conference", reports. Braden Smith, TKR, Cluff... they were all getting 7 figures, Smith multiple 7 figures, if not TKR too. Loyer, Cox, Harris, Jacobsen, they weren't getting anything less than 500K, probably more. It quickly adds up to a budget higher than 10 million. Michigan blew past that. Illinois blew past that, I'm sure. UCLA blew past that.
I know of NAIA guys getting 6 figure NIL deals. I know of D3 guys getting similar deals. So the baseline for pretty much any scholarship spot in the B10, is 6 figures... in my mind. With most all rotation guys getting multiple 6 figures, for any contending level p4 team. When you start using that info, it makes 10 million much less "impressive".
@iunorth I dunno about Tucker. I believe he got paid like the top-20 portal player he was, so about whatever big check Wilkerson got.
But, it's water under the bridge now...
https://twitter.com/JeffRabjohns/status/2033603513297584193?s=20
Take out $10M for all the buyouts (that's high) and we're still in the top 5 on that list. We're buying out Woody @ $1M/year, so I'd argue we're still first on that list even with the buyouts. it's been almost 30 years since I took fund accounting, so maybe they do have to recognize the entire buyout as an expenditure in that year.
Regardless, the results don't align with the investment.
Oh, I agree our return on spend still stinks. Really stinks. I'm just noting that we're not spending like ~$10-12M more per year than big programs such as UK etc.
As an FYI, we ended up negotiating with Woody and instead of the ~$8.4M buyout paid $1M per year, IU paid him a lump $6.5M five days after he left.
I really do not care how much more kentucky is spending their results over the last 25 are something us IU fans can only dream of. The fact of the matter is our results are god awful. Two tournaments in ten years is just pathetic for a so called blue blood.
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