LA Tech, Holtz Announce Coaching Change Following Rice Game - latechsports.com

[Bulldog Tom]

Letting a coach go is always a risk, I suppose. But what I saw for next season was double-digit losses. No home games with anywhere close to 10,000 fans. The risk in this case is minimal.

In year 9 we did not have a capable offensive line for the second year in a row. Our gamble at QB did not pay off, no doubt not having a capable offensive line contributed to that problem. Special teams have been questionable for a while.

Sure Skip is a nice guy. Overall probably ran a pretty clean program. Every coach is going to have a player get in trouble at some point or have players flunk out. Only a idiot wouldn't understand that. But treating others with respect (being a nice guy) and running pretty much a clean program is not a reason to keep a coach, those should be the minimum expectations for any coach anywhere. Not doing those things should get you fired with no buyout.

This is an exciting time. The opportunities for the future are limitless. You couldn't say that this morning.

[Bulldog Tom]

I have not looked at the contract to try to figure out if this is accurate, but here is what this guy says................

Louisiana Tech announces that football head coach Skip Holtz will be departing. Per the terms of his contract, he will be owed a buyout of just over $3 million that is expressly not subject to a duty to mitigate and will not be offset by future job income

https://twitter.com/ByBerkowitz/stat...04266101854215

[Cal&Ken]

The bottom is 0 wins. The bottom is some state admin cancelling the program. The bottom is what happened to Marshall in the 70s.

We are not at the bottom.

We beat the sisters of the poor and lost to 2 teams that have beaten anyone other than us. There was literally no one in the stands- that is the bottom.

[FriscoDawg]

I have not looked at the contract to try to figure out if this is accurate, but here is what this guy says................

Louisiana Tech announces that football head coach Skip Holtz will be departing. Per the terms of his contract, he will be owed a buyout of just over $3 million that is expressly not subject to a duty to mitigate and will not be offset by future job income

https://twitter.com/ByBerkowitz/stat...04266101854215

After this season it would have been $2.55M ($850K for 3 years). Since it was announced before the last game, there must be an extra amount for this year.

[glm47]

I have not looked at the contract to try to figure out if this is accurate, but here is what this guy says................

Louisiana Tech announces that football head coach Skip Holtz will be departing. Per the terms of his contract, he will be owed a buyout of just over $3 million that is expressly not subject to a duty to mitigate and will not be offset by future job income

https://twitter.com/ByBerkowitz/stat...04266101854215

McClelland was truly an idiot.

Does the university not retain counsel for contract negotiations?

[FriscoDawg]

McClelland was truly an idiot.

Does the university not retain counsel for contract negotiations?

Counsel is supposed to guide idiots. Unless the idiots allowed the other party to write the entire contract. Some of the provisions we have found out about have no place in a contract for any Tech coach.

[Bone_afide_Dawg]

McClelland was truly an idiot.

Does the university not retain counsel for contract negotiations?

I don’t see McClelland being the idiot so much as he was the guy setting up his buddy with a golden parachute deal. The biggest idiot is Guice for agreeing to what Holtz had set up. But that’s come to be the norm for bureaucrats and institutionalists. They’re always the worst when it comes to spending other people’s money. Guice is just another stupid decision maker with no business sense.

[Blue Dawg]

And had it not been, today's action might not have happened. That was a clear signal of what next year would have looked like, and that couldn't be allowed to happen.

Our boycott worked. "Just come to the games" is fine but would have us looking at who knows how many more years of Holtz

For 3M dollars to not coach at Tech, i don't feel a shred of remorse

[glm47]

I don’t see McClelland being the idiot so much as he was the guy setting up his buddy with a golden parachute deal. The biggest idiot is Guice for agreeing to what Holtz had set up. But that’s come to be the norm for bureaucrats and institutionalists. They’re always the worst when it comes to spending other people’s money. Guice is just another stupid decision maker with no business sense.

McClelland’s job was to pursue the best interests of his employer. He obviously didn’t do that if those terms are correct.

[Dowty]

These are the terms laid out in the 2017 contract. I would imagine the current one is written exactly the same except for the salary amounts since the auto-extension was built into this one.


13.0
Termination Without Cause
13.1
If the UNIVERSITY terminates this CONTRACT without cause, as liquidated
damages, the FOUNDATION shall pay COACH his total annual compensation (see Paragraphs
3.1 and 3.2) remaining on this CONTRACT that would have been earned but for UNIVERSITY'S
termination without cause. These amounts shall be payable by the FOUNDATION solely through
its athletic funds. The amount due for the calendar year in which termination without cause occurs
shall be payable within thirty (30) days of termination without cause. The remaining balance shall
be payable in equal installments, with the first installment due on July 15 following termination
without cause and all subsequent installments payable by July 15 of each successive year until paid
in full. FOUNDATION may accelerate payments to COACH without penalty. However, in no
event will such payments be subject to any offset and/or mitigation.

[johnnylightnin]

I can’t believe they actually did it. My guess is some of their NEZ fundraising meetings didn’t go as planned.

[Dawgs2448]

15“I know your works, that you are neither cold nor hot. I could wish you were cold or hot. 16 So then, because you are lukewarm, and neither cold nor hot, I will vomit you out of My mouth. (Rev 3:15-16).

What’s worse than bad, is mediocre/lukewarm. Holtz was the king of mediocrity. Mediocrity allows you to settle in, keeping you from moving forward. Holtz brought us winning seasons, good players, bowl wins, but he was unable to win a conference championship. I lost all confidence in Holtz when I witnessed us get beat down in 2015 by So. Miss 58-24. Tech administration had to make this decision.

[eagle2180]

I can’t believe they actually did it. My guess is some of their NEZ fundraising meetings didn’t go as planned.

LOL! They didn’t have much choice in today’s environment.

[Mad Italian]

Classical spin:
"Ehh, that's good enough."
Mediocretes

[FriscoDawg]

The amounts owed are for years from July 1 to June 30. The current year base plus supplemental salary is $775K through June 30, 2022, and $850K for each year through June 30, 2025.

So the reported slightly over $3M amount is correct with $2.55M for future years plus $452,083.33 for the rest of this fiscal year (December through June). That is $3,002.083.33 total. Contract details are here.