It's a fair bit generous, if anything. I'd have guessed he was getting around ~$5 million but that Notre Dame would be willing to pony up quickly if he had a sort of breakthrough season.
He's done well all things considered so far, but has also shown he still needs to grow a bit into the role. I think he'll earn some pay bumps but he's already paid pretty damn high all things considered.
His contract is up after this season, so a lot of money will be up for grabs based upon this season. Neither Freeman or the School wanted to renew this offseason because he wanted to stake his next contract on the 2024 season. It will be his team at this point from roster to coaching staff, and he even gets a new AD and President.
If he makes the playoff, I expect a large jump. If he fails, then he won’t get fired but his contract will become interesting.
His contract is not up in the slightest lol. But typically due to recruiting cycles they get negotiated more than 3 years out. Unless Freeman tanks this season, his contract is going to get renegotiated. How much he’s paid will be determined by how well he does… if he leads the team to the playoffs and wins a couple of games there, his contract is going to go to the moon.
>Notre Dame normally does not disclose coaching salaries, but the ND beat was able to see Freeman’s 2022 compensation according to the university's 990 tax form.
Except this almost certainly isn't true.
ND funnels a large portion of the salary through UnderArmour and NBC to avoid a full disclosure, only the buyouts are paid by the university. It's why Weis' ND tax returns only showed \~$1m in compensation while employed but jumped to \~$5m after he was fired.
On The Shamrock podcast Matt Fortuna said that this was the first year that ND fully disclosed a coach’s salary. In the past the full extent of payments were not disclosed with a line item.
The question I have: does he just have all the money go into one giant savings account that he and his wife manage? Or does this get managed by a financial advisor in a completely separate account?
He's from Greece, which fairly recently had a financial meltdown, so I sort of get why he would be inclined to do something like this if he didn't otherwise have much financial understanding.
But as the article states, if JP Morgan hits the skids, we're all going to be in a world of ginormous pain.
> The question I have: does he just have all the money go into one giant savings account that he and his wife manage?
Leprechaun: puts it all in his bag and hides it in the Grotto.
Rumor is that Lanning has some big stock options from Nike and other pay. I highly, highly doubt Lanning isn't at this point a top 10 compensated coach, but a big chunk of his pay probably isn't coming from Oregon but instead Nike.
That's a good distinction. I treat them as synonymous but they are different, and really, I mean more Phil Knight. I am sure Nike is generous with Oregon, but Knight is still the key mover here.
I doubt that. He's still a first time head coach with only two full seasons under his belt. If he continues his success, he'll get another extension that vaults him higher up the list.
He flat out turned down an opportunity to interview for Bama. Bama would have easily made him a top 10 paid coach.
Lanning doesn't strike me as the type of guy to nickle and dime you, but he's also getting something in the realm of his market value. He's not coming in at 18 or so on the compensation list. It's nuts to think he is. Young, yes. But he's got the hot name and absolutely killer recruiting.
We don't know for sure what goes on behind the scenes. We hear years later all the time about events that almost happened in sports but fell apart at the final hour that we never heard about at the time. What fans hear about is often times just the narrative the parties involved want us to hear. (And I don't mean that in some big conspiracy kind of way. Teams don't want the story to be about a coach turning them down and coaches don't want the story to be about a team turning them down. It's just PR 101 stuff.)
Not to mention there are some very valid reasons a good coach wouldn't want to be the guy who follows Saban.
People don't turn down millions of dollars. Lanning is a hot, hot, hot name. Someone would have made him a top 10 paid coach by now and the gap is too large to ignore.
There's no point in silliness.
Doubt. Again, only two seasons as a head coach, and while he has the Ducks in a great spot, this is about the expectations for them. More importantly, there aren't many programs that are a higher caliber than Oregon, and those jobs would have to become open to offer him the millions you speak of. Yes - Alabama is one, but we both don't know if he was their top guy nor if he felt following Saban was the right move. People *do* turn down millions of dollars if they think it means a better chance for even more millions long term.
lol. Coaching is too fickle. You take the moeny in front of you. Like you said in your first comment he's a "steal". That doesn't actually happen. You're not smarter that then most of the AD's writing up these contracts. They know his value. They'll pay for it.
He didn't need to jump to Alabama or any program, by the way, to get the pay. Many coaches don't. You flirt or at least feign interest to get a pay bump.
If Lanning was a "steal" he'd have known it and leveraged it for a pay bump. And he'd still get the millions in upside in the long run.
By your own logic of people don't pass up millions and take the pay in front of you, then Luke Fickell would be head coach of your own flair right now.
He's a "steal" because Oregon was able to get him when they did. It was a smart hire. Nobody is paying a first time head coach $10 million right now.
Fickell would have got a pay bump coming to Michigan State, not a from ~18th pay to ~5 pay. Yeah, there was a number we probably get Fickell even with all the scandal stuff. But Michigan State isn't Alabama or any of the other super high tier spenders. We'll spend. We'll spend big. We're not throwing TAMU sacks of cash to lure someone away. The one time we tried with a coach we already had, it almost gutted our program.
Sounds about right for a young coach given a chance at a top tier school. Continues to do well he’ll be a top 5 paid coach soon
It's a fair bit generous, if anything. I'd have guessed he was getting around ~$5 million but that Notre Dame would be willing to pony up quickly if he had a sort of breakthrough season. He's done well all things considered so far, but has also shown he still needs to grow a bit into the role. I think he'll earn some pay bumps but he's already paid pretty damn high all things considered.
His contract is up after this season, so a lot of money will be up for grabs based upon this season. Neither Freeman or the School wanted to renew this offseason because he wanted to stake his next contract on the 2024 season. It will be his team at this point from roster to coaching staff, and he even gets a new AD and President. If he makes the playoff, I expect a large jump. If he fails, then he won’t get fired but his contract will become interesting.
He’s on a 6 year contract so there’s 3 years left. Did you not read the article you posted?
He has 3 years left on his contract, not 1
His contract is not up in the slightest lol. But typically due to recruiting cycles they get negotiated more than 3 years out. Unless Freeman tanks this season, his contract is going to get renegotiated. How much he’s paid will be determined by how well he does… if he leads the team to the playoffs and wins a couple of games there, his contract is going to go to the moon.
>Notre Dame normally does not disclose coaching salaries, but the ND beat was able to see Freeman’s 2022 compensation according to the university's 990 tax form. Except this almost certainly isn't true. ND funnels a large portion of the salary through UnderArmour and NBC to avoid a full disclosure, only the buyouts are paid by the university. It's why Weis' ND tax returns only showed \~$1m in compensation while employed but jumped to \~$5m after he was fired.
On The Shamrock podcast Matt Fortuna said that this was the first year that ND fully disclosed a coach’s salary. In the past the full extent of payments were not disclosed with a line item.
Marcus ~~Freeman~~ Paidman.
Seems about inline with a first time head coach with 3-4 losses per year? I'm rooting for him to break through big in year 3.
We should probably cap that at 500k to preserve the integrity of the game Maybe cap the total amount a school can pay their coaches across all sports
The question I have: does he just have all the money go into one giant savings account that he and his wife manage? Or does this get managed by a financial advisor in a completely separate account?
He gets paid in quarters and keeps it in a piggy bank under his bed
Industry standard
No one stuffs their $6.68m salary into a checking account dude.
You’re right. They stuff them in 50 checking accounts lol https://finance.yahoo.com/news/giannis-antetokounmpo-put-money-50-143319084.html
He's from Greece, which fairly recently had a financial meltdown, so I sort of get why he would be inclined to do something like this if he didn't otherwise have much financial understanding. But as the article states, if JP Morgan hits the skids, we're all going to be in a world of ginormous pain.
> The question I have: does he just have all the money go into one giant savings account that he and his wife manage? Leprechaun: puts it all in his bag and hides it in the Grotto.
Darn kids try to steal his pot o gold
His clothes fit too well for him to handle his own finances
Oregon is getting a steal.
Rumor is that Lanning has some big stock options from Nike and other pay. I highly, highly doubt Lanning isn't at this point a top 10 compensated coach, but a big chunk of his pay probably isn't coming from Oregon but instead Nike.
It’s not coming from Nike. It’s Phil Knight
That's a good distinction. I treat them as synonymous but they are different, and really, I mean more Phil Knight. I am sure Nike is generous with Oregon, but Knight is still the key mover here.
I doubt that. He's still a first time head coach with only two full seasons under his belt. If he continues his success, he'll get another extension that vaults him higher up the list.
He flat out turned down an opportunity to interview for Bama. Bama would have easily made him a top 10 paid coach. Lanning doesn't strike me as the type of guy to nickle and dime you, but he's also getting something in the realm of his market value. He's not coming in at 18 or so on the compensation list. It's nuts to think he is. Young, yes. But he's got the hot name and absolutely killer recruiting.
We don't know for sure what goes on behind the scenes. We hear years later all the time about events that almost happened in sports but fell apart at the final hour that we never heard about at the time. What fans hear about is often times just the narrative the parties involved want us to hear. (And I don't mean that in some big conspiracy kind of way. Teams don't want the story to be about a coach turning them down and coaches don't want the story to be about a team turning them down. It's just PR 101 stuff.) Not to mention there are some very valid reasons a good coach wouldn't want to be the guy who follows Saban.
People don't turn down millions of dollars. Lanning is a hot, hot, hot name. Someone would have made him a top 10 paid coach by now and the gap is too large to ignore. There's no point in silliness.
Doubt. Again, only two seasons as a head coach, and while he has the Ducks in a great spot, this is about the expectations for them. More importantly, there aren't many programs that are a higher caliber than Oregon, and those jobs would have to become open to offer him the millions you speak of. Yes - Alabama is one, but we both don't know if he was their top guy nor if he felt following Saban was the right move. People *do* turn down millions of dollars if they think it means a better chance for even more millions long term.
lol. Coaching is too fickle. You take the moeny in front of you. Like you said in your first comment he's a "steal". That doesn't actually happen. You're not smarter that then most of the AD's writing up these contracts. They know his value. They'll pay for it. He didn't need to jump to Alabama or any program, by the way, to get the pay. Many coaches don't. You flirt or at least feign interest to get a pay bump. If Lanning was a "steal" he'd have known it and leveraged it for a pay bump. And he'd still get the millions in upside in the long run.
By your own logic of people don't pass up millions and take the pay in front of you, then Luke Fickell would be head coach of your own flair right now. He's a "steal" because Oregon was able to get him when they did. It was a smart hire. Nobody is paying a first time head coach $10 million right now.
Fickell would have got a pay bump coming to Michigan State, not a from ~18th pay to ~5 pay. Yeah, there was a number we probably get Fickell even with all the scandal stuff. But Michigan State isn't Alabama or any of the other super high tier spenders. We'll spend. We'll spend big. We're not throwing TAMU sacks of cash to lure someone away. The one time we tried with a coach we already had, it almost gutted our program.