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Post by saywhatnow on May 23, 2019 8:03:01 GMT -5
What rule(s)? What specific rule or rules? It matters. Also, is he guilty? The biggest question on this thread and we still have no idea. Still unknown yet we have all of these VT peeps with insider knowledge.
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Post by vbnerd on May 23, 2019 8:52:55 GMT -5
He hasn’t already? Why postpone what appears inevitable within 30 days? Based on his $215,000 contract - resigning would cost him $18,000 rather than “work” another 30 days. Well the distinction is a bit steeper than that. If Iowa fires him without cause, they owe him $200,000 per year... $600,000. He has a bonus coming in June 30, $15,000 if he’s still on payroll. If he leaves on his own, he owes Iowa $300,000, no doubt a buyout designed to prevent him from being tempted by other jobs. So he’s done, but Bond and Iowa are going to haggle over $900,000 and the investigation gives Iowa ammunition for their haggling.
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Post by vbprisoner on May 23, 2019 9:17:57 GMT -5
OK, this is much bigger than I thought...
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Post by Wiswell on May 23, 2019 9:37:38 GMT -5
OK, this is much bigger than I thought... Yup, me too. I guess I didn't think the stakes were that high in a nonrevenue sport to have such a severe violation (plus naivete on my part). However, a coach with a competitive mindset is going to do what he's going to do to try to get ahead. Especially when trying to turn around a program.
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Post by n00b on May 23, 2019 9:59:41 GMT -5
Based on his $215,000 contract - resigning would cost him $18,000 rather than “work” another 30 days. Well the distinction is a bit steeper than that. If Iowa fires him without cause, they owe him $200,000 per year... $600,000. He has a bonus coming in June 30, $15,000 if he’s still on payroll. If he leaves on his own, he owes Iowa $300,000, no doubt a buyout designed to prevent him from being tempted by other jobs. So he’s done, but Bond and Iowa are going to haggle over $900,000 and the investigation gives Iowa ammunition for their haggling. At this point, I'm certain that Iowa would let him out of his contract without Bond paying out the $300,000.
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Post by badgerblockparty on May 23, 2019 10:25:27 GMT -5
OK, this is much bigger than I thought... Yup, me too. I guess I didn't think the stakes were that high in a nonrevenue sport to have such a severe violation (plus naivete on my part). However, a coach with a competitive mindset is going to do what he's going to do to try to get ahead. Especially when trying to turn around a program. Do we even know what the severe violation is?
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Post by Wiswell on May 23, 2019 11:39:50 GMT -5
Yup, me too. I guess I didn't think the stakes were that high in a nonrevenue sport to have such a severe violation (plus naivete on my part). However, a coach with a competitive mindset is going to do what he's going to do to try to get ahead. Especially when trying to turn around a program. Do we even know what the severe violation is? No, but it's investigated as a level 1 or 2, which is severe.
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Post by Deleted on May 23, 2019 12:02:05 GMT -5
OK, this is much bigger than I thought... Yup, me too. I guess I didn't think the stakes were that high in a nonrevenue sport to have such a severe violation (plus naivete on my part). However, a coach with a competitive mindset is going to do what he's going to do to try to get ahead. Especially when trying to turn around a program. A competitive mindset? Don't you mean 'a lack of ethics'. I know many coaches who do not cheat to get ahead. Where this upsets me is I have two friends who apply for D1 jobs, never get them, but cheaters do repeatedly and then we wonder what is wrong with college sports. It makes it easier to coach high school and low level club ball.
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Post by Wolfgang on May 23, 2019 12:37:05 GMT -5
Well the distinction is a bit steeper than that. If Iowa fires him without cause, they owe him $200,000 per year... $600,000. He has a bonus coming in June 30, $15,000 if he’s still on payroll. If he leaves on his own, he owes Iowa $300,000, no doubt a buyout designed to prevent him from being tempted by other jobs. So he’s done, but Bond and Iowa are going to haggle over $900,000 and the investigation gives Iowa ammunition for their haggling. At this point, I'm certain that Iowa would let him out of his contract without Bond paying out the $300,000. In the football and basketball world, this penalty (sometimes it's called a "buyout") would be paid by the new employer, e.g., if Clemson coach Dabo Swinney left for Alabama early, Alabama would, most likely, pay the buyout. In the case of Shymansky, there's no "new employer" other than Starbucks or Lyft, so Shymansky would be on the hook.
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Post by vbnerd on May 23, 2019 12:51:28 GMT -5
Well the distinction is a bit steeper than that. If Iowa fires him without cause, they owe him $200,000 per year... $600,000. He has a bonus coming in June 30, $15,000 if he’s still on payroll. If he leaves on his own, he owes Iowa $300,000, no doubt a buyout designed to prevent him from being tempted by other jobs. So he’s done, but Bond and Iowa are going to haggle over $900,000 and the investigation gives Iowa ammunition for their haggling. At this point, I'm certain that Iowa would let him out of his contract without Bond paying out the $300,000. Sure, and at the moment, I'd bet that Shymansky would agree to leave for $600,000. Iowa can fire him after 30 days, with cause. If they can cross their T's and dot their I's they can do it without owing him anything. Until then he is still getting his paycheck, benefits, etc, and if it takes the University longer than June 30, he get $15,000 for his longevity bonus. Then when they do fire him, does he have a leg to stand on in court? If so he sues for wrongful termination and probably the $600,000 and Iowa settles for something less than what it was going to cost them to adjudicate the case. There is a process, both with the NCAA and with hiring/firing policy. It's just going to take a little bit of time to sort it all out.
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Post by Wolfgang on May 23, 2019 12:59:52 GMT -5
If I were Shymansky, I'd start to use up those benefits right about now, like get that long overdue crown filling, get a new prescription for my glasses, and finally get my prostate checked.
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Post by volleyguy on May 23, 2019 13:02:24 GMT -5
At this point, I'm certain that Iowa would let him out of his contract without Bond paying out the $300,000. Sure, and at the moment, I'd bet that Shymansky would agree to leave for $600,000. Iowa can fire him after 30 days, with cause. If they can cross their T's and dot their I's they can do it without owing him anything. Until then he is still getting his paycheck, benefits, etc, and if it takes the University longer than June 30, he get $15,000 for his longevity bonus. Then when they do fire him, does he have a leg to stand on in court? If so he sues for wrongful termination and probably the $600,000 and Iowa settles for something less than what it was going to cost them to adjudicate the case. There is a process, both with the NCAA and with hiring/firing policy. It's just going to take a little bit of time to sort it all out. We have some reporting on the actual language of his contract, which suggests that he is limited to arbitration in an appeal of his termination. Unless there is specific language, I highly doubt he can be fired for cause and forced to pay the $330K "buyout". If he resigns in lieu of appealing a termination, he could negotiate a waiver of all or some of the buyout amount.
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Post by Wolfgang on May 23, 2019 13:10:32 GMT -5
Sure, and at the moment, I'd bet that Shymansky would agree to leave for $600,000. Iowa can fire him after 30 days, with cause. If they can cross their T's and dot their I's they can do it without owing him anything. Until then he is still getting his paycheck, benefits, etc, and if it takes the University longer than June 30, he get $15,000 for his longevity bonus. Then when they do fire him, does he have a leg to stand on in court? If so he sues for wrongful termination and probably the $600,000 and Iowa settles for something less than what it was going to cost them to adjudicate the case. There is a process, both with the NCAA and with hiring/firing policy. It's just going to take a little bit of time to sort it all out. We have some reporting on the actual language of his contract, which suggests that he is limited to arbitration in an appeal of his termination. Unless there is specific language, I highly doubt he can be fired for cause and forced to pay the $330K "buyout". If he resigns in lieu of appealing a termination, he could negotiate a waiver of all or some of the buyout amount. If he resigns, they'll be so relieved that they'll just let him go without enforcing the buyout. The buyout is not there for the current employer to make money, rather it's a way to deter valued coaches from seeking employment elsewhere and if they do so, the current employer wants to be paid, usually by the new employer. If the coach is not "valued," then they don't care about the buyout clause. They just want him outta there. (Of course, you'll never know if your coach is going to be valuable or not at the outset, so the buyout is a "just in case.") The $300,000 buyout is really low. I remember a discussion on VT where Tom Hilbert (of Colorado State) was said to be possibly interested in the Wisconsin job (I think?) and someone brought up Hilbert's buyout at CSU. It was in the $5M neighborhood. I don't know if this is true or not.
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Post by oldmanred on May 23, 2019 17:46:29 GMT -5
What did he do? maybe he could wash dishes or become a janitor? A guy's gonna have to make a living!! GO HUSKERS
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Post by Wolfgang on May 23, 2019 17:52:33 GMT -5
What did he do? maybe he could wash dishes or become a janitor? A guy's gonna have to make a living!! GO HUSKERS I just watched a PBS Newshour segment last night that basically said that the food service industry has one of the highest stress and mental health rates in the nation (world?).
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