Durkin contract: 5 yrs, $12.5MM with one-time rollover of $2.65MM
Good for DJ. That's an amount of money that no sane person would turn down.
I'll be surprised if he can manage to win there, but it doesn't really matter when you're guaranteed to make so much that you can retire at the end of your deal (or when you're bought out after being fired).
December 3rd, 2015 at 2:42 PM ^
Odds he stays at Maryland 5 years? 3,720 to 1.
December 3rd, 2015 at 2:45 PM ^
December 3rd, 2015 at 2:51 PM ^
Oh Han, you nutty Correlian.
December 3rd, 2015 at 2:47 PM ^
I'll take that bet. Put me down for $10.
December 3rd, 2015 at 3:56 PM ^
for 50
December 3rd, 2015 at 6:08 PM ^
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December 3rd, 2015 at 3:28 PM ^
that he wears an actual Maryland hat on the sidelines?
December 3rd, 2015 at 3:47 PM ^
I'm saying about as high that he stays ther the entire length of his contract. The answer is that he will ostly likely not wear a Maryland hat.
December 3rd, 2015 at 7:17 PM ^
over the next five years-100%. If he is successful he will make more than that. If he isn't he will still make the $12.5. You can't blame him for locking in his financial future.
December 3rd, 2015 at 8:25 PM ^
I don't think that this is necessarily true. It depends on the terms of the contract.
December 3rd, 2015 at 2:42 PM ^
I highly doubt he'll be retiring anytime soon, regardless of how it pans out at Maryland. Dude loves coaching too much.
December 3rd, 2015 at 2:43 PM ^
He's also in his thirties
December 3rd, 2015 at 2:47 PM ^
I plan on retiring in my 40s assuming I can amass 25x my annual spending. Why work a day longer than you have to?
December 3rd, 2015 at 2:58 PM ^
Do you have a mustache?
December 3rd, 2015 at 3:11 PM ^
Growing my stache at the moment. Haha. I'll get there via Vanguard index funds and my Republic Wireless phone. Love that site. You?
December 3rd, 2015 at 3:18 PM ^
definitely on my regular read list
December 3rd, 2015 at 3:56 PM ^
Don't forget about my boy JIm Collins. I RE'd in February at 42 after being laid off. Life is grand. #TrinityStudy
I know, I know....Cool story bro.
December 3rd, 2015 at 4:05 PM ^
I'd love to hear that story. Seriously. People like you get me extra motivated to keep going and saving.
December 3rd, 2015 at 3:38 PM ^
sometimes you need a purpose to wake up in the morning and get going.
December 3rd, 2015 at 2:43 PM ^
What a traitor to decide $12 million guaranteed dollars is a good choice for his family.
December 3rd, 2015 at 2:52 PM ^
December 3rd, 2015 at 2:58 PM ^
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December 3rd, 2015 at 3:07 PM ^
December 3rd, 2015 at 4:07 PM ^
You expected something different? He's been a high profile DC for a few years now, had great success in the job, and is clearly ambitious and gunning for a HC job.
A Power 5 job landed in his lap. It was not a question of if he would leave, but when he would leave. To be 37 and be offered to keys to a P5 head coaching gig is a pretty great opportunity and I can't begrudge him taking it.
December 3rd, 2015 at 4:35 PM ^
December 3rd, 2015 at 4:53 PM ^
December 3rd, 2015 at 3:02 PM ^
There's really no evidence he was a dick about it. Not a shred of evidence that Harbaugh objected in the slightest to when/how he interviewed (which we also have no facts about). No indication that his "poaching" was anything more than offering a coaching spot to a guy who seems to want one (and will probably now get one at U of M).
It'd be one thing if people were saying "I remain uncertain of whether he handled this properly. Hopefully we'll find out eventually." Instead, it's been a whole lot of "Screw you, traitor."
December 3rd, 2015 at 3:11 PM ^
December 3rd, 2015 at 3:17 PM ^
Well, when people say what I think are stupid/unfair hot takes, I'm going to criticize them. That criticism and fairness is what has made this board better than many others.
Also, please don't send any muscle at me. I'm not in the game.
December 3rd, 2015 at 4:10 PM ^
I think the hottest take of all is thinking this was a good plan for his long-term coaching aspirations.
December 3rd, 2015 at 3:18 PM ^
The "traitor" sentiment has nothing to do with him leaving for a better job. It's not even about him trying to take someone with him (and evidently that didn't pan out). It has everything to do with declining performance of his LB unit. People have a right to be, ahem, annoyed at how the OSU game went down. There is a perception, which I definitely share, that his job search and interview process was a factor in his game prep.
If he isn't loyal to the program and coach that hired him, it's much better that he did leave. Thinking he didn't just start entertaining offers the week before OSU. Which is why I'm not among the well-wishers. Arguably he wasn't doing the job he was hired to do.
December 3rd, 2015 at 4:53 PM ^
December 3rd, 2015 at 3:21 PM ^
Nice straw man you have there.
December 3rd, 2015 at 3:35 PM ^
*Trader
/Hot Sports Takes
December 3rd, 2015 at 4:42 PM ^
I don't get why you seem butthurt over the butthurt over his departure. Yes, some people reacted emotionally, but you're overreacting to it.
December 3rd, 2015 at 6:34 PM ^
But now you're butthurt over the butthurt over the butthurt over his departure. The circle of butthurt--like a snake devouring its own ass.
December 3rd, 2015 at 2:44 PM ^
about the way he left (OSU bedshitting in particular), but DJ and I are about the same age, and there is no way in hell I would turn down that kind of money. Even if it was going to kill the rest of my career. Retiring @ 43 with $10 million in the bank sounds pretty damn good to me.
December 3rd, 2015 at 3:06 PM ^
Totally agreed. Realistically, even if he bombs at Maryland, he should still be able to go back as a coordinator somewhere making a few hundred thousand per year and work his way back up. He's young. People fail. Colleges will understand the situation he was in at Maryland.
Cam Cameron might be a good example. Bombed at IU, but still had a pretty successful coaching career after.
December 3rd, 2015 at 3:40 PM ^
So you are assuming only a 20% state and federal tax rate, wow, hook me up with your tax accountant!
December 3rd, 2015 at 2:45 PM ^
Well, that's a shit ton of money to expect him to turn down. Make the most of it, and we will see you next November in the Big House.
December 3rd, 2015 at 2:46 PM ^
Sure, that's a lot of cash, but retirement money? He's 37, right?
This won't be his last job. Even if he spends 10 years at Maryland.
December 3rd, 2015 at 2:50 PM ^
December 3rd, 2015 at 2:51 PM ^
Isn't enough to retire on in your mid-40's, you're doing life wrong.
Just my opinion.
December 3rd, 2015 at 2:54 PM ^
If you live modestly and invest wisely I would think it is enough.
December 3rd, 2015 at 4:11 PM ^
You don't even have to live all that modestly with $10mm in the bank. At a conservative 1.5% annual rate of return, you're grossing $150k/year just in the interest. That's enough to live very comfortably. Even throwing in a middling DC job at $150k/yr gives you a gross income of $300k. That's a LOT of money.
December 3rd, 2015 at 2:54 PM ^
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December 3rd, 2015 at 2:56 PM ^
Or, you are living life really really fun. Maybe they are living life "right".
December 3rd, 2015 at 3:12 PM ^
12.5 salary, but 10% goes to his agent, so that's 1.25 million gone.
Also, Maryland is a high tax area, so almost 50% will go to taxes (max federal bracket of just under 40%, state of another 7, and then add in FIFA, and assorted other local taxes and fees). That's 6.25 million.
So, of his 12.5 million, he is left with $5 million over 5 years. Obviously, that is a lot of $$, but in a high cost of living area, if you live nicely (but not over the top) it is not retire at 42 and live on the interest $$, especially if you have a few kids.
December 3rd, 2015 at 3:24 PM ^
that he's starting from zero. He's been making a high six-figure salary for at least a few years already, so he should already have substantial assets and/or savings.
Either way, with $5 million or $10 million in the bank, I'd sleep a lot better at night than I do now.