Bear Down Wildcats

KaibabKat wrote:[quote="...CSU Bakersfield (never even heard of this school)....

Main Event wrote:

azcat49 wrote:

Main Event wrote:

Not going to miss him. Nice to see he waived the white flag as he is tired of recruiting against us and the bruins

Cal head basketball coach Cuonzo Martin's contract runs through 2019

BearTerritory has obtained the employment contract for California head men's basketball coach Cuonzo Martin. The contract, with a base salary of $250,000 per year and a variable talent fee, replaces the terms sheet agreed to on April 15, 2014, and runs through the end of the 2018-19 season. The original term sheet, it must be noted, contained a line saying that "The parties agree to work together in good faith to negotiate a mutually agreeable employment agreement within ninety (90) days." That was on April 14, 2014.

According to the finalized contract, signed on June 3, Martin received a $250,000 base salary, and a $1.29 million talent fee for the periods of April 15, 2014-April 14, 2015, April 15, 2015 through April 14, 2016, and April 15, 2016 through June 14, 2016. From June 15, 2016, through April 14, 2017, Martin will receive a talent fee of $1.65 million. From April 15, 2017 to April 14, 2018, and April 15, 2018 to April 14, 2019, Martin will receive an annual talent fee of $1.39 million.

On Martin's original term sheet signed with Sandy Barbour, his talent fee was $1.54m each year of the contract, with a base of $250,000. Martin receives a bonus of $15,000 if his teams win the Pac-12 conference in the regular season, win the Pac-12 Tournament, or are selected to the NCAA Tournament. If Martin's teams win 20 games in a season, he gets $10,000. Martin receives a bonus of $20,000 if his team advances to the Round of 32 in the NCAA Tournament, $25,000 for the Sweet Sixteen, and $25,000 for the Elite Eight. If Martin reaches the Final Four, he receives $40,000. Martin would also receive $40,000 for winning the NCAA title. If selected as the Pac-12 Coach of the Year, Martin would receive a bonus of $20,000. If he receives National Coach of the Year, he gets $25,000.

Martin is scheduled to receive a $508,000 signing bonus within 30 days after the contract is executed (June 3). Martin also received a retention bonus payment of $1.54 million for coaching through the 2014-15 season, with $640,000 paid on April 16, 2015, $450,000 on April 16, 2016, and $450,000 on April 16, 2017. Even if Martin and the University part ways, that obligation would remain.

If Martin's team achieves a GPA of 2.70 or higher, for both fall and spring terms, he will receive a bonus of $20,000 at the end of the season. If his teams achieve a 2.85 team GPA, he gets $40,000. If his team in a given year surpasses the 3.00 GPA mark, he receives $50,000. Only the highest of those bonuses is to be paid if the team achieves the enumerated goal (he doesn't receive $110,000 if the team has a GPA over 3.00).

Martin also receives a membership at the Claremont Country Club.

Also included in the finalized contract is a buy-out clause, which is structured the same way as in the original term sheet.

In the event that the University fires Martin without cause, the University is scheduled to pay $2.75 million to Martin if he is fired before April 14, 2017, $2 million if between April 15, 2017 and April 14, 2018, and $1 million if betwen April 15, 2018 and April 14, 2019. However, Martin, if fired, must make "reasonable efforts" to obtain employment as a Division I head coach, should he be terminated without cause. His compensation from that new job would mitigate the payments to be made by the University in that circumstance (if he would be paid $1 million by his new employer, the payment by the University would go down by $1 million), and that would extend to the natural end date of the contract.

If Martin himself leaves prior to April 14, 2017, he will pay $1.1 million to the University. If he leaves between April 15, 2017 and April 14, 2018, he pays the University $1 million. If he leaves between April 15, 2018 and April 14, 2019, he would owe the University $750,000.

The University paid Martin's buyout to Tennessee in 2014, at $1.3m.

Jefe wrote:Where are you seeing $3M?

azcat49 wrote:Not going to miss him.

NYCat wrote:Randy Bennett to Cal?

NYCat wrote:Randy Bennett to Cal?

Chicat wrote:

azcat49 wrote:Not going to miss him.

You can't. We play Mizzou next year.

NYCat wrote:Randy Bennett to Cal?

They'll low ball him and he should absolutely turn it down.

Chicat wrote:

azcat49 wrote:Not going to miss him.

You can't. We play Mizzou next year.

ChooChooCat wrote:

Chicat wrote:

azcat49 wrote:Not going to miss him.

You can't. We play Mizzou next year.

I don't believe we do. The home and home has been completed.

az91 wrote:I saw a news story that with Romar out, it looks like Cuonzo will hire Michael Porter Sr. and get Michael Porter Jr. to enroll at Mizzou. Nice pick up .

JMarkJohns wrote:What brought about the demise of Quin Snyder at Missouri again? Boy does that look like a blunder with him doing so well with the Jazz.

CatFanOneMil wrote:This article is pretty telling about Cuonzo...

When asked which foot Rabb had injured his reply was "I don't know probably both of them"...then he benches his remaining best shooter for the remainder of the second half it is very obvious Martin WANTED to lose to Bakersfield...he's a dick no one should toss the guys he coached all year under the bus just because he wants to leave early...dick move from a dick guy, glad he's gone form the Pac 12 we deserve better...hell even Cal deserves better than Cuonzo "steal a recruit and run" Martin...

http://www.dailycal.org/2017/03/16/real-disrespect/" target="_blank

splitsecond wrote:Cuonzo is the pastor of the church in the hood that lives in a mansion and drives a a mercedes or three.

And he is possibly the most overrated / underachieving coach in Pac 12 history.

Bangkok Wildcat wrote:Anyone else enjoying the train wreck at Cal? Lmao.....couldn't happen to a better dbag fan base.

Moore transferred to Kansas 'because of his ailing Father in Chicago'....ummmm, yeah right....

Spaceman Spiff wrote:

Bangkok Wildcat wrote:Anyone else enjoying the train wreck at Cal? Lmao.....couldn't happen to a better dbag fan base.

Moore transferred to Kansas 'because of his ailing Father in Chicago'....ummmm, yeah right....

They brought it on themselves. They hired a mercenary, then got mercenaried.

The athletics program at the University of California, Berkeley, in, say, 2037 will barely resemble what you see today. And the hammer is already starting to fall.

Cal owes its dire fortunes to a disastrous stadium-remodeling boondoggle, which the athletic department will be paying for until 2113. Right now, they owe $18 million per year, and that’s only on the interest payments. Once they start paying off the principal, that number will spike to $26 million annually and keep rising for a while. Cal is a big-time athletics program, with a bunch of national championships and a cadre of prominent alumni in the NFL, NBA, and Olympic sports, but it’s not so big that it can withstand this financial shitstorm without taking on water. It was $22 million in the red last year, which was the biggest loss in the nation, and that’s not going to improve, especially as both the football and men’s basketball teams (the only revenue-generating sports) look like they’ll be bad this year.

The chancellor created a task force in September 2016 to help chart a course through the forthcoming budgetary crisis, and that committee issued bleak findings in a June assessment, writing, “Given its magnitude, it is virtually certain that interest expense will exceed IA’s operating income for the foreseeable future no matter what actions are taken regarding program scope in IA.”

They found that cutting sports would save Cal money in the immediate term, but could potentially cost the school a good chunk of its donor base. They warned of looming austerity, but weren’t quite ready to identify specific measures.

New chancellor Carol Christ has come in guns blazing, promising a balanced budget by 2020 (the university is $110 million in debt) and a stabilization of the “corrosive” athletic department. Fittingly, Cal recently announced its new budget for the 2018 fiscal year, and it is laden with cuts across the board. Those reductions include, naturally, cuts to athletics, designed to reduce debt by $4.65 million. Part of that plan could be to start selling beer at games. The rest isn’t as fun. Freshmen will no longer get free season tickets to football games. Ominously, the plan identified potential long-term savings through “reductions in program scope” of up to $8 million per year, which seems like a sure sign that entire sports will be cut.

Men’s soccer and men’s track and field might be among the first teams to go. In 2010, Cal moved to cut five teams, including their legendary rugby squad, but a last-gasp philanthropy boost saved them. This time around, Cal floated converting Edwards Stadium into more housing, and relocating the soccer and track teams...somewhere else. Cal’s campus is in a dense urban environment and there’s not exactly a bounty of available space. Roster size reductions are also on the table, since cutting sports outright would threaten the donor base. There are no easy answers.

But the worry isn’t merely that Cal will lose a team or two and go forward with, say, 27 teams instead of the 30 it has now. The looming debt is bigger than that and the challenges Cal faces are far more existential. Even with the sponsorship deals Cal has recently signed, even if they sell tens of thousands of beers a game, even if they build housing on the Edwards Stadium site, Cal still won’t be in a comfortable position for the increasing debts it’ll owe when the principal payment on the stadium kicks in. This is just the start of the hard decisions.

And the person making those will be someone other than Cal AD Mike Williams, who announced this week that he’ll be stepping down within the year. Williams helped seal a new apparel deal with Under Armour, made a football head coaching hire that fans seem excited about (Justin Wilcox), and nudged up Cal football’s previously horrid graduation rates. He did a good enough job to keep the gig if he wanted it, but even then, why would anyone want the Cal AD job? Cal needs to increase attendance for its cash cows and find a way to navigate a rapidly steepening financial cliff, so the AD’s job is now to try and drum up enthusiasm while simultaneously figuring out which sports will be sniped off. It’s a no-win situation, and the grimmest part is, the biggest losses are yet to come.

Bangkok Wildcat wrote:Karma?

rgdeuce wrote:

Bangkok Wildcat wrote:Karma?

You spelled California wrong.

Bangkok Wildcat wrote:

rgdeuce wrote:

Bangkok Wildcat wrote:Karma?

You spelled California wrong.

I will take 'WHACKOS' for $110 million in debt Alex......What is "People's Republic of CALIFORNIA?" .

ASUHATER! wrote:What does the richest, most economically successful, open and free state in the US have to do with Cal not being able to balance it's budget?
Because the "people's republic of California" is doing pretty damn well.