Developments on NIL and Warde on money spent on assistants
There have been a couple of minor interesting pieces of information regarding NIL and Warde's spending on assistant coaches.
On Wednesday, the university announced a strategic partnership with Learfield (which has already been a partner in branding and broadcasting) and Altius Sports Partners to enhance and grow the NIL sphere in Ann Arbor. With the new partnership, Altius will hire an executive general manager for NIL who will work on campus to help facilitate deals and educate student-athletes on what’s available to them within the NIL space.
https://x.com/isaiahhole/status/1757808178639552927?s=20
On Wednesday, Michigan athletic director Warde Manuel shared that though he hired Sherrone Moore to have continuity within the program, he was aware that this mass departure was on the table and it was planned for. Regarding the savings from Jim's contract, Warde said
“Yes — and it’s not really a savings,” Manuel said. “Prior to Jim leaving, I invested more in our assistant pool. And it really brought it up by a couple of million dollars to invest in our assistant coaches. And so that was done prior to Jim deciding to leave to go to the Chargers and that remains with Sherrone, in terms of that investment.”
https://x.com/wolverineswire/status/1757808277105094898?s=20
February 14th, 2024 at 11:59 AM ^
I love Warde.
February 14th, 2024 at 12:18 PM ^
Even though the quote basically admits that he did not increase money for assistants at all from what was already in place when Jim left?
So basically didn't try to strategically use any of that to keep anyone?
I really hope there's a an implied /s at the end of your comment
February 14th, 2024 at 1:00 PM ^
The coaches had massive success here and parlayed it into getting the NFL. That's a force he wouldn't be able to stop. Sucks but it's true.
February 14th, 2024 at 1:05 PM ^
For some. Herbert is one where it's pretty clear we could have kept him if we accepted his offer (same money, longer term contract). I would be there were others as well.
February 14th, 2024 at 2:10 PM ^
I read that Herbert basically got $1.75M/yr from the Chargers, so it's not a given the money was the same. And again, a S&C coach getting a longer-term guaranteed contract than your HC is pretty atypical. I think Herbert is a really good S&C coach but people are acting like he's some messiah out there.
February 14th, 2024 at 2:30 PM ^
I love it when geniuses down vote for being truthful and logical.
They trust the snakeoil salesmen like Jon U and Sam but ignore the obvious facts that Warde has done an excellent job as the AD and he is a TRUE MICHIGAN MAN and here for the long haul unlike others who just proclaim to be.
I'll trust the regents and the president of the university over clickbait whores trying to line their pockets on the backs of a bunch of muppetheads.
February 14th, 2024 at 3:10 PM ^
I do not agree but it is a legitimate point of view that does not deserve a down vote.
February 14th, 2024 at 3:47 PM ^
Seriously Warde, quit blogging and go to bed!
February 14th, 2024 at 5:15 PM ^
I'll bet that the same muppetheads calling for Warde's dismissal are the same brain surgeons who called for Jim Harbaugh to be fired. I would love to be able to track that, it's the same people who fall for the propaganda on social media and take it as fact, then spread it as though it is.
They remind me of another "group" that's fairly prominent in our society today.
February 14th, 2024 at 4:47 PM ^
Hi Warde!
February 14th, 2024 at 1:07 PM ^
No shit JHumich, I mean give me a break.
Warde must think we're idiots and can't do math, he realizes we're a smart Fanbase and not OSU cooler poopers?
He must think he can just spout a bunch of BS and it'll fly, how can this great university have such an average/meh AD?
February 14th, 2024 at 2:31 PM ^
Ahhh....YES, the MUPPETHEAD'S I referred to above.
February 14th, 2024 at 10:29 PM ^
Go to bed, Mrs. Manuel
February 14th, 2024 at 4:29 PM ^
"We spent what we were planning to spend on assistants anyway, and saved $6M-ish dollars on Sherrone's comp vs what we offered Jim so there were absolutely no savings."
--Pretty much exactly what Warde said
Either this guy just admitted that they didn't reallocate Jim's salary to keep anyone, they didn't plan on Jim ever taking the deal (hence no savings vs "the plan"), or Warde isn't good at applied math/logic. None of those is a great look.
February 14th, 2024 at 6:17 PM ^
I'm not sure I understand Warde's math. You pay Sherrone roughly half (give or take) what you offered Jim. The assistant coaches' salary pool is unchanged. Isn't there an embedded savings in that scenario? Could not more have been added to the assistant coaches' pool of funds with that savings?
February 14th, 2024 at 10:42 PM ^
I suspect you should have included /s
February 14th, 2024 at 12:02 PM ^
I don't buy it. Jim's contract minus Sherrone's contract = savings. Warde would have been paying those assistants those greater amounts if JIm had stayed.
February 14th, 2024 at 12:05 PM ^
Last year Athletic Department $4 million profit.
February 14th, 2024 at 12:51 PM ^
Be careful just looking at the bottom line of a financial statement when trying to determine the true cash flow of any entity, especially one as large as Michigan's athletic department. I haven't viewed the financial statements themselves but I'd bet dollars to dimes that there's a ton of "noncash" expenses built into the financials that skews the financial reporting. One of the largest of these items tends to be depreciation which books as an expense but there's no real expenditure of cash, per se. Generally, at least in the banking world, we would add back these noncash expenses to the bottom line to determine the true cash flow of a given entity. In successful ventures, this can dramatically change the presented financial condition of an entity.
February 14th, 2024 at 12:59 PM ^
Well actually.... when looking at cash flow and you add Depreciation back in, you have to take out CAPEX cash outlays.
Not sure what the Athletic Department is spending money on these days, I'm assuming upgrades and new buildings (like always) and monuments to the "Michigan Difference".
February 14th, 2024 at 1:08 PM ^
Yes, there are multiple factors that are taken into account when analyzing financial information to determine true cash flow. My larger point was that you can't just look at the bottom number on a financial statement of a complex organization and say, "this is what we made".
February 14th, 2024 at 5:10 PM ^
Thank you for so kindly stating the obvious. The fantastically hilarious point is that people actually believe they CAN draw conclusions from a fairly bland, innocuous comment by Warde. It's pure comedy. I'll bet $1 99% are Maga cultists, so easily manipulated.
February 14th, 2024 at 7:42 PM ^
Im as liberal as the day is long but knock it off.
February 14th, 2024 at 10:12 PM ^
True, but in a way you could interpret that depreciation as accrued anticipated future capital expenditure/facility upkeep and maintenance charges. The only difference is in the timing of the cash flows and the net present value of those charges. Let’s hope that the actual cash is well invested so that $4 million of accrued surplus translates to more actual value than the reported number so we can earmark more dry powder for the future.
February 14th, 2024 at 3:40 PM ^
Leaving aside the finer point of cash flow analysis, there was a $4 million profit in a big time athletic department that is bloated beyond recognition. Fat, dumb and happy.
February 14th, 2024 at 12:42 PM ^
Whether the thought is Warde is dumb, or great, an AD can't expect to say to the public that he is saving money on his shiny new coach. Shiny new coach would not like the sound of that and might SMASH him.
Rabbit hole: I'm going to use 'smash' whenever possible. 'Honey, let's go x for dinner...', 'SMASH!' 'Honey - want to go sit in the hot tub?', 'SMASH!' It works. Thanks Coach!
February 14th, 2024 at 12:51 PM ^
Try, Honey you want to SMASH? Let us know how it goes.
February 14th, 2024 at 3:41 PM ^
Well…it is Valentines Day.
February 14th, 2024 at 12:03 PM ^
I’m sure warde will retain Juwan or go cheap on his next basketball coach.
February 14th, 2024 at 12:06 PM ^
so he was planning on having to pay assistants on a national championship team more the following season.... insightful. That must be why some on the board want to extend him.
February 14th, 2024 at 12:06 PM ^
“Prior to Jim leaving, I invested more in our assistant pool. And it really brought it up by a couple of million dollars to invest in our assistant coaches. And so that was done prior to Jim deciding to leave to go to the Chargers and that remains with Sherrone, in terms of that investment.”
Weird, you would think if this was true, it would've yielded more results
February 14th, 2024 at 12:10 PM ^
It's almost like pay was not the major factor in assistants deciding to leave. Crazy idea, I know.
February 14th, 2024 at 2:12 PM ^
Oh come on, it's been pretty clear from the experts here that UM would have been able to retain every coach they wanted just by paying them more because all of them love UM and want nothing else in their careers than to stay in Ann Arbor until they retire.
February 14th, 2024 at 3:23 PM ^
Retire!? They should either die on the sidelines or leave when we decide that they're past their prime. Because this is MICHIGAN, FERGODSAKES.
February 14th, 2024 at 12:08 PM ^
Wow! That’s some high level reasoning!
Jim (expensive) + Assistants (increased with Jim) = Sherrone (significantly less than Jim) + Assistants (same as with Jim). Maybe the Athletic Department should consult with the Math Department.
February 14th, 2024 at 12:53 PM ^
This obvious and overt admit from Warde that resulted in the Warde fans defending him was the piece of all of this that surprised me more than Warde saying the very thing and, I really believe, he thought it meant something different/better.
February 14th, 2024 at 1:35 PM ^
Not defending Warde, but Jim was $8.5M plus incentives. Sherrone is $6.5M plus incentives. $2M difference. I believe Warde is saying he went over budget an extra $2M on assistants and staff per Jim's request. Now that he's "saved $2M" by Jim leaving, he back to the 2023 budget. Had Jim stayed, the $11.5M plus incentives would have been a $3M increase to the budget.
February 14th, 2024 at 3:44 PM ^
Isn’t Sherrone $27.5 million over five years? That $5.5M per year.
February 14th, 2024 at 4:33 PM ^
The problem with using Jim's past salary as the baseline, is that it is pretty close to a tacit admission that they didn't budget for the extension they offered him.
If they budgeted for $11.5M in 2024 and pay out $6.5M, the savings vs the "plan" is $5M.
February 14th, 2024 at 12:13 PM ^
Fire Warde
February 14th, 2024 at 12:13 PM ^
Like I've said before, I have my issues with Warde Manuel (his views on NIL, how he handled the Harbaugh relationship, etc), but I don't think the issue has ever been he's too cheap. I'm not sure when that became a thing.
February 14th, 2024 at 12:45 PM ^
There's been some very lazy suggestions that Harbaugh et al could still be working for Michigan if only the AD had signed a blank check. There are a number of reasons (portal nonsense, general NCAA chicanery, recruitment and re-recruitment, etc.) why money might not be the sole determining factor.
February 15th, 2024 at 9:38 AM ^
I’m curious, exactly what are Warde’s “views on NIL” and exactly how did he “handle the Harbaugh relationship”?
Based on what I’ve read the only info ANYONE has is the garbage spewed by the clickbait whores whose only goal is to drive traffic to their social media accounts in order to line their pockets. You know, the “journalists” who tell you they have “sources” but yet 99% of what they offer is completely inaccurate in the end.
The Warde haters are the same that have hated every single AD at UofM but NONE has a clue to the actual issues. Yet, because they read that John U and Sam have “sources” (both always wrong) they take it as gospel
If I’m wrong, please provide a single shred of evidence to support these beliefs that were not derived from those with other motives but actual facts about Warde’s stance on NIL or how he handled the Harbaugh situation. Let’s not forget, Jim was actively seeking other jobs long before the burger gate issue. He didn’t suddenly decide to leave because of some bs theory that “Warde didn’t support him”.
Until I see proof that’s not manufactured with an ulterior motive, I’ll assume nobody here knows a damn thing other than what the clickbait whores tell you. The proofs in the pudding, Warde was just placed in a fairly important NCAA leadership position and his contract is being extended. If he’s as incompetent as so many have been led to believe, do you think this would happen? Of course not, but you keep falling for it, because Sam and John U told you they have “sources” LMAO.
February 14th, 2024 at 12:13 PM ^
Did he wave his hand like a Jedi when he said this nonsense?
February 14th, 2024 at 12:45 PM ^
he waved his Pimp Hand.
/too soon?
February 14th, 2024 at 5:49 PM ^
Hackett had the pimp hand, and the pimp watch to go with it.
February 14th, 2024 at 12:14 PM ^
More complete BS from our Dear Leader
February 14th, 2024 at 12:15 PM ^
Hire Warde!
February 14th, 2024 at 12:15 PM ^
Sounds to me like he is saying they were going to increase the assistant pool no matter what happened to Harbaugh.
So how, exactly, is there not a savings by not paying Moore as much as Harbaugh was getting himself?
February 14th, 2024 at 12:45 PM ^
Unless all that extra 'Harbaugh' money went into the assistant coach pool, I don't see how you aren't saving money.