| FTBL The early word is Grobe for Arkansas

[Guest]

We'll see if bigger sources have this same story tomorrow.

http://www.arkansasnews.com/archive/2007/12/05/News/344292.html

 

[crimsontradition14]

We'll see if bigger sources have this same story tomorrow.

http://www.arkansasnews.com/archive/2007/12/05/News/344292.html

There have been two early words already. I think Grobe comes up with an extension soon.

 

[Guest]

We'll see if bigger sources have this same story tomorrow.

http://www.arkansasnews.com/archive/2007/12/05/News/344292.html

There have been two early words already. I think Grobe comes up with an extension soon.

Not this time.

There has been smoke before (Tubby's buyout was too much even for Arkansas to stomache) but this is not smoke.

This is done. Grobe to Arkansas...

 

[crimsontradition14]

We'll see if bigger sources have this same story tomorrow.

http://www.arkansasnews.com/archive/2007/12/05/News/344292.html

There have been two early words already. I think Grobe comes up with an extension soon.

Not this time.

There has been smoke before (Tubby's buyout was too much even for Arkansas to stomache) but this is not smoke.

This is done. Grobe to Arkansas...

What other confirmations are there?

 

[imported_Porter]

We'll see if bigger sources have this same story tomorrow.

http://www.arkansasnews.com/archive/2007/12/05/News/344292.html

There have been two early words already. I think Grobe comes up with an extension soon.

Not this time.

There has been smoke before (Tubby's buyout was too much even for Arkansas to stomache) but this is not smoke.

This is done. Grobe to Arkansas...

That's a shame, I wish they had gotten Tommy Bowden or Fisher.

 

[Guest]

We'll see if bigger sources have this same story tomorrow.

http://www.arkansasnews.com/archive/2007/12/05/News/344292.html

There have been two early words already. I think Grobe comes up with an extension soon.

Not this time.

There has been smoke before (Tubby's buyout was too much even for Arkansas to stomache) but this is not smoke.

This is done. Grobe to Arkansas...

What other confirmations are there?

I can't link a telephone call, but I imagine it is all over the net or will be soon...it is very advanced. They were talking a couple of days ago and Grobe had to accept it before anything was leaked...I understand that was part of the deal if they wanted him. He will be paid about $600,000 more than he was paid at Wake, and all of his assistants will make more.

He was the leading candidate for Nebraska, but TO wanted to dictate what assistants he could bring...he was loyal and that says a lot about his character. Arkansas got a really good coach and a good person...a far cry from the nutcase.

 

[imported_porkchop]

Arkansas has been in this situation before. Like 3 or 4 times before, in the last week. those fans are just begging for the AD to get the coach to the contract table ASAP before it all goes south again.

 

[imalive1459]

It reminds me of Alabama's situation... just slightly more disheartening. Tuberville would have been a great catch for those guys, even though I still hate him.

 

[BAMA-FREAK]

Good hire imo. I bet he might end up staying at Wake.

 

[TerryP]

We'll see if bigger sources have this same story tomorrow.

http://www.arkansasnews.com/archive/2007/12/05/News/344292.html

There have been two early words already. I think Grobe comes up with an extension soon.

Not this time.

There has been smoke before (Tubby's buyout was too much even for Arkansas to stomache) but this is not smoke.

This is done. Grobe to Arkansas...

What other confirmations are there?

Link 1

Link 2

Link 3

Link 4

All Arkansas outlets, but all reporting the same thing as the original link.

MOST Importantly, their official web site covering Arkansas sports has it on their front page.

Official web site

Fayetteville - A University of Arkansas private fundraising arm approved a salary supplement Wednesday for Wake Forest coach Jim Grobe, a strong indication that Grobe will replace Houston Nutt as the Razorbacks' coach.

There was no word from the university, however, on whether Grobe would replace Nutt, who quit Nov. 26 and was hired almost immediately at Ole Miss.

The Razorback Foundation raises funds privately for Arkansas athletic programs and pays coaches amounts far beyond their regular state salaries. Nutt, for instance, made $330,000 annually from the state but had a compensation package worth $1.5 million a year -- much of the extra coming from Foundation funds.

Ralph Bradbury, a member of the Razorback Foundation's board of directors, confirmed Wednesday night that the foundation had approved a deal for Grobe. He said he couldn't confirm for sure that Grobe's hiring was final because that issue remains in the hands of athletic director Jeff Long and Grobe himself.

"There's absolutely no way I could confirm that it's a done deal," Bradbury said.

The Morning News of Northwest Arkansas reported on its Web site Wednesday night that Grobe would likely be introduced Thursday as Arkansas' coach.

Grobe and Wake Forest athletic director Ron Wellman did not immediately return calls seeking comment.

Part of Bradbury's hesitation to confirm Grobe's actual hiring might stem from Arkansas' search for a basketball coach earlier this year. The Razorbacks hired Dana Altman, who changed his mind and went back to Creighton the next day.

"You can have a press conference and still not be the coach," Bradbury said.

 

[TerryP]

To add, if the contract offered is only 600K more than WF, that isn't a great deal of money for a school like WF to match.

 

[Guest]

To add, if the contract offered is only 600K more than WF, that isn't a great deal of money for a school like WF to match.

Actually, it is. Wake is only half the size of Jacksonville State and was already stretching to pay him what they were paying (1.1M). Their stadium only seats 31,500.

600,000 is just what I have heard - there is likely an elevator clause and significant bonuses.

 

[TerryP]

To add, if the contract offered is only 600K more than WF, that isn't a great deal of money for a school like WF to match.

Actually, it is. Wake is only half the size of Jacksonville State and was already stretching to pay him what they were paying (1.1M). Their stadium only seats 31,500.

600,000 is just what I have heard - there is likely an elevator clause and significant bonuses.

One would like to translate seating and size of a school to what they can afford. That would make sense if you were talking about some Div. 1 schools. Wake, doesn't fall into that category simply because of the type of student they graduate and the money within their Alumni Association.

IF their AA wants Grobe to stay, one booster alone would cough of many times that.

It's a private school, with a lot of private donations. The school has over a billion dollars in endowments right now.

 

[Guest]

To add, if the contract offered is only 600K more than WF, that isn't a great deal of money for a school like WF to match.

Actually, it is. Wake is only half the size of Jacksonville State and was already stretching to pay him what they were paying (1.1M). Their stadium only seats 31,500.

600,000 is just what I have heard - there is likely an elevator clause and significant bonuses.

One would like to translate seating and size of a school to what they can afford. That would make sense if you were talking about some Div. 1 schools. Wake, doesn't fall into that category simply because of the type of student they graduate and the money within their Alumni Association.

IF their AA wants Grobe to stay, one booster alone would cough of many times that.

It's a private school, with a lot of private donations. The school has over a billion dollars in endowments right now.

Yeah, I have to agree with Terry on this one. That billion dollars immediately grabbed my attention. Dang, that's a lot!

Alabama has around half a billion, Auburn less than 400 million and big, bad Florida with 8-9 times more students than Wake has less (around 800 million). Wake and its alumni pack a poweful punch numbers wise for such a small private school.

 

[imported_RollTideRandy]

I’m not really sure what this says about their ability to pay a football coach, but I know tuition at Wake Forrest in 1993 was $27,000 per semester vs Alabama which was around $1200. That’s a pretty huge difference.

The thing I find odd about this whole deal is that NONE of the national news agencies are even reporting it “could” happen. Makes me think that maybe the Ark media’s sources aren’t that good.

 

[TerryP]

Randy, AP has something up on it. That last link from the UArk official web site was credited to AP.

By a few accounts I've read around the web this morning Grobe was at all pleased with the circus that hit his practice fields yesterday. The players, aren't too happy as well with some claiming if he goes, they go. Of course, that is coming from 18-19 year old kids and it was their first reaction.

 

[Guest]

To add, if the contract offered is only 600K more than WF, that isn't a great deal of money for a school like WF to match.

Actually, it is. Wake is only half the size of Jacksonville State and was already stretching to pay him what they were paying (1.1M). Their stadium only seats 31,500.

600,000 is just what I have heard - there is likely an elevator clause and significant bonuses.

One would like to translate seating and size of a school to what they can afford. That would make sense if you were talking about some Div. 1 schools. Wake, doesn't fall into that category simply because of the type of student they graduate and the money within their Alumni Association.

IF their AA wants Grobe to stay, one booster alone would cough of many times that.

It's a private school, with a lot of private donations. The school has over a billion dollars in endowments right now.

Academic endowment does not have any bearing on what a school is capable of paying a coach. A school having a billion dollar dollar endowment is not unusual.

The reason for the wealth of Wake is in large part due to their medical school. Med schools are expensive to operate and require a significant endowment, and you find that more reputable academic institutions have larger endowments.

Harvard has a $25 Billion dollar endowment...can or will they pay $2M for a coach? Yale is $15 Billion. Columbia is over $5 Billion and they had the longest losing streak in college history. Northwestern is over $4 Billion.

In the SEC, Vandy has $2.3 Billion.

Asbury Theological Seminary is around $100M-$150M and it is strictly a graduate school in Theology, Biblical Studies, and counseling.

The point is, the premium placed on athletics at a school with less than 5,000 students and a stadium of 31,500 that is rarely sold out, is significantly lower than what would be needed to fund a $2M coach.

 

[TerryP]

FWIW, Scout.com is reporting Grobe is staying at WF...posted 9:45, EST.

 

[TerryP]

To add, if the contract offered is only 600K more than WF, that isn't a great deal of money for a school like WF to match.

Actually, it is. Wake is only half the size of Jacksonville State and was already stretching to pay him what they were paying (1.1M). Their stadium only seats 31,500.

600,000 is just what I have heard - there is likely an elevator clause and significant bonuses.

One would like to translate seating and size of a school to what they can afford. That would make sense if you were talking about some Div. 1 schools. Wake, doesn't fall into that category simply because of the type of student they graduate and the money within their Alumni Association.

IF their AA wants Grobe to stay, one booster alone would cough of many times that.

It's a private school, with a lot of private donations. The school has over a billion dollars in endowments right now.

Academic endowment does not have any bearing on what a school is capable of paying a coach. A school having a billion dollar dollar endowment is not unusual.

The reason for the wealth of Wake is in large part due to their medical school. Med schools are expensive to operate and require a significant endowment, and you find that more reputable academic institutions have larger endowments.

Harvard has a $25 Billion dollar endowment...can or will they pay $2M for a coach? Yale is $15 Billion. Columbia is over $5 Billion and they had the longest losing streak in college history. Northwestern is over $4 Billion.

In the SEC, Vandy has $2.3 Billion.

Asbury Theological Seminary is around $100M-$150M and it is strictly a graduate school in Theology, Biblical Studies, and counseling.

The point is, the premium placed on athletics at a school with less than 5,000 students and a stadium of 31,500 that is rarely sold out, is significantly lower than what would be needed to fund a $2M coach.

The $ amount is a direct reflection on how much a school has at its finger tips if they need the money.

Earlier, you said that 600K is a lot of money to match. When you consider the sheer volume of monies at their disposal, 600K pales in comparison.

BF, when we have our lower-tier boosters writing checks for 500K when we were after Saban, considering the the type of students WF graduates, do you honestly believe they couldn't pick up the phone and have several million in a couple of days?!?

 

[imported_porkchop]

Like Terry said, it looks like Grobe is staying put! :shock: ;sh Anyone that thought BAMA had it bad during the coaching searches hasn't kept up with the Arky search. It's 10 times worse than anything we had to go through. I'm almost feeling sorry for them at this point. They've been used by pretty much every candidate that they've looked at.

It's turned into a complete circus in Fayetteville. It's not like we didn't see this coming though. Grobe just did what everyone else has done to them. Used them to get more from their employers.