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“Today, coaches can enjoy multimillion-dollar contracts when they jump to another university, even when their former team suffers sanctions for misconduct that happened under the coach’s watch. We would like to see ‘clawback’ provisions in new contracts that would enable institutions to recoup some salary and bonuses from coaches and ADs for rogue programs, even after coaches leave an institution.”

The nanny state once again tries to interfere with the free market – the Secretary of Education thinks there’s something wrong with both rogue and non-rogue big-time university sports programs. American public universities shouldn’t use mucho tax money to make Tubby Smith (soon, it’s rumored, to take his winning ways to Texas Tech!) rich as all get-out. Rick Pitino shouldn’t make $20,500 a day. And so forth.

It’s the exact same thing with so-called ‘insider trading,’ not to mention giving for-profit colleges a hard time. Government is the problem.

*****************
UD thanks JND.

Margaret Soltan, March 31, 2013 10:21AM
Posted in: sport

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One Response to ““Today, coaches can enjoy multimillion-dollar contracts when they jump to another university, even when their former team suffers sanctions for misconduct that happened under the coach’s watch. We would like to see ‘clawback’ provisions in new contracts that would enable institutions to recoup some salary and bonuses from coaches and ADs for rogue programs, even after coaches leave an institution.””

  1. Bill Gleason Says:

    The whole Tubby thing is amusing or disgusting depending on your viewpoint.

    The administration – in its great wisdom – UPPED Tubby’s buy out to 2.5 mil and gave him a year extension, last year.

    The old beginning cook’s saying comes to mind: We eat our mistakes.

    Tubby was not a bad coach and played – apparently – by the rules. You’d think a school like Minnesota, given its place in basketball history – see Haskins, Clem – would be thankful to have a straight shooter in place.

    And the total cost of this coaching switch will be somewhere in the neighborhood of six million dollars.

    Fortunately, as UD has pointed out in an earlier post, it is a good thing that Minnesota is such a rich state.

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