Pat Kelsey

[umassfan.com]

$3M in 1997 is like a $1B now. Back in my day you could buy a candy bar for a nickel.

$3,000,000 of 1997 dollars would be worth: $4,477,611.94 in 2015
http://www.davemanuel.com/inflation-calculator.php

The point is now the administration hopefully sees it as investment. 2.5mil +1mil bonues is more than his 1997 contract was. Might he have stayed? Probably not, and if he didn't than the offer does no harm. If he did the money would have been made back easily.

My point was based around the concept of the next coach more than rehash of Calapari. If we take Shrewsberry and he goes to the NIT next year and 2 NCAA in a row and has solid recruits of his own, we should drop a fat boy contract on the table. 2mil base and 1mil potential bonuses for 5 years with a 2 mil buyout and lock him down. Again 4000 seats per home game is 1million alone not counting any other increased revenue. Invest it in the coach.

[Tman1319]

$3M in 1997 is like a $1B now. Back in my day you could buy a candy bar for a nickel.

$3,000,000 of 1997 dollars would be worth: $4,477,611.94 in 2015
http://www.davemanuel.com/inflation-calculator.php

I think the original poster was referring to the amount of money IN sports through TV contracts, and other sources of revenue (and a little bit of hyperbole). In 2001, 17-20 coaches made one million or more. I believe this year that number is closer to 80.

[uz2b-len]

Totally agree with UMassfan's analysis, and hoping that's what happens.

[EBox]

$3M in 1997 is like a $1B now. Back in my day you could buy a candy bar for a nickel.

$3,000,000 of 1997 dollars would be worth: $4,477,611.94 in 2015
http://www.davemanuel.com/inflation-calculator.php

The point is now the administration hopefully sees it as investment. 2.5mil +1mil bonues is more than his 1997 contract was. Might he have stayed? Probably not, and if he didn't than the offer does no harm. If he did the money would have been made back easily.

My point was based around the concept of the next coach more than rehash of Calapari. If we take Shrewsberry and he goes to the NIT next year and 2 NCAA in a row and has solid recruits of his own, we should drop a fat boy contract on the table. 2mil base and 1mil potential bonuses for 5 years with a 2 mil buyout and lock him down. Again 4000 seats per home game is 1million alone not counting any other increased revenue. Invest it in the coach.

Not disagreeing with the concept but not sure the math is right with 4000 seats being $1M. You're factoring the revenue only, not the variable expenses of opening Mullins, setting up the floor, breaking it down, electricity, heat, payroll (security, ushers, engineer/custodian, EMTs, electrical, etc.). And don't forget the fixed costs of insurance, maintenance, etc. required to keep a game ready environment. I'd guess breakeven attendance per home game is about 6500-7000, and that's conservative.

But let's not get ahead of ourselves and assume Shrew is a lock at this point, right?

[DearOleUMass]

^
Without going into a ton of detail because I'm not sure its worth the time to dig much deeper into what the budget is for running the Mullins Center on a per game basis but fixed costs are kind of arbitrary after the fact whether you have 1 person watching the game or a full arena. While I'm sure they would need to have more staff in attendance for games with more people attending, the cost to setup the floor/breaking it down, heat, electricity, insurance all cost relatively the same for 1 person watching the game versus a sold out Mullins.

[minutefanjsf]

Not disagreeing with the concept but not sure the math is right with 4000 seats being $1M. You're factoring the revenue only, not the variable expenses of opening Mullins, setting up the floor, breaking it down, electricity, heat, payroll (security, ushers, engineer/custodian, EMTs, electrical, etc.). And don't forget the fixed costs of insurance, maintenance, etc. required to keep a game ready environment. I'd guess breakeven attendance per home game is about 6500-7000, and that's conservative.

But let's not get ahead of ourselves and assume Shrew is a lock at this point, right?

I agree not to get ahead of ourselves, but the break even at the Mullins is lower, since the kids still pay an athletics fee to subsidize sports. ideally that fee and subsidy could be removed or lessened if we start selling tickets to our major, ahem revenue sports.....

[umassfan.com]

Not disagreeing with the concept but not sure the math is right with 4000 seats being $1M. You're factoring the revenue only, not the variable expenses of opening Mullins, setting up the floor, breaking it down, electricity, heat, payroll (security, ushers, engineer/custodian, EMTs, electrical, etc.). And don't forget the fixed costs of insurance, maintenance, etc. required to keep a game ready environment. I'd guess breakeven attendance per home game is about 6500-7000, and that's conservative.

But let's not get ahead of ourselves and assume Shrew is a lock at this point, right?

There are to ways to look at it and you are looking at it the short sighted way. You say I didnt factor stuff but the reality is you factored in irrelevant stuff. If break even is 7000 and we are at 4000 we are losing moneyy. We can afford to lose the money now. So when we make an extra 1million putting it towards the coach means we are losing the same while drastically increasing other revenue streams.

really two ways of looking at it:
#1 All those expenses means that once we have a good coach we should count our blessings and pocket somebody for once. This in turn means the good coach treats UMass as a stepping stone, leaves and attendance drops along with revenue. We go back to mediocrity and Basketball is a money drain again.

#2 All those expenses are just the expenses of running a program and we accept that they don't drastically change with more fans l. So we spend the extra revenue on keeping the good coach. This keeps us good, eventually we sell 8000 seats a game vs 4000 which adds 1 million in ticket sales per year, we drop that money into the coach because the UMass brand, enrollment, advertising, and tv revenue has skyrocketed.

[MikeUMA]

Kelsey finally got around to deleting last week's tweets about how excited he was to coach at UMass.

#fraud

[Uminuteman]

^
Has he written the $1,000,000 check yet?

[eldonabe]

^
I assume he just wrote the check payable to Derek Kellogg

[Rudy]

I'm going to keep this thread alive periodically just because losers deserve no peace.

A guy with a bunch of kids turned down millions because he didn't get good vibes in the day he was here. Call DSS. That a**hole isn't fit to be a parent.

[InnervisionsUMASS]

I assume he just wrote the check payable to Derek Kellogg

Hey, that's fine by me. Get that off the books as quickly as possible.

[bmc24]

would love to run into Winthrop next year in some pre/post season tournament and pay our respects to PK in the form of lopsided victory

[umassfan.com]

I want Kelsey to goto Dayton. Instant rivalry of epic level. We also would definitely get the buyout.

[JoleonLescottsHair]

That a**hole isn't fit to be a parent.

I think he pulled a complete dick move too, but that's a bit much, man. Maybe he is actually a great parent and passed on the extra coin because of his kids. He is already making a good salary to support them, but maybe they have schools, friends, neighbors, playgrounds, day care etc that they are happy with. Who knows? Maybe he was not ready (clearly) to uproot his family. If so, he should have figured this out before signing a contract and bailing at the last minute, but questioning his parenting isn't really cool.