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Rich Rodriguez (official thread of last laughs)

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martinss01;1634792; said:
anyone know what his opinion of justin boren is now?
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I think RR was sold short of family values. Think of all the scUM kids that got to stay home for the holidays instead of having the hassels of bowl games. Not only did he improve family values for the players and coaches without that extra month of practices but it benifited the entire scUM fan base. The band, students and what ever fans they had left didn't have to worry about forcing a winter vacation with the Michigan economy being what it is. I think RR took one for the whole state of Michigan and I hope everybody realizes it. He should be a folk hero and given tenure dag nabbit.
 
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Rich Rodriguez's first payment to West Virginia due Monday

It?s time for Michigan football coach Rich Rodriguez to make the first of three half-million-dollar payments. According to West Virginia University deputy director of athletics Mike Parsons, the first $500,000 is due to the school Monday, based on the agreement Rodriguez made to depart for U-M.
?After the legal issues were concluded, this was the agreement,? Parsons said today.
Asked whether he expects the payment, Parsons said, ?There are legal documents ? why wouldn?t we? As far as we?re concerned, this was resolved.?
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cont'd
 
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Jaxbuck;1644067; said:
Can we set up a vbet if he pays on time or not?

I just can't help but think it wouldn't be the first time RR used the phrase "the check's in the mail".
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If he's trying to pay online, if he hasn't already done it, he'll be late. Monday is a bank/federal holiday for MLK's birthday. He might be able to get something postmarked today, which could satisfy the deadline.

But not knowing what the definition of 'on time' is, I don't think I can create odds for this.
 
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BB73;1644073; said:
If he's trying to pay online, if he hasn't already done it, he'll be late. Monday is a bank/federal holiday for MLK's birthday. He might be able to get something postmarked today, which could satisfy the deadline.

But not knowing what the definition of 'on time' is, I don't think I can create odds for this.
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A check that will clear, or some other form of legal U.S. tender, covering the full amount of the agreed on payment in their (WVU's) possession (not in transit) by Monday 1/18/10.

Given his track record and the federal holiday I'd say 100-1 against him living up to it. So something like;

+200 RR pays in full on time
-200 RR is a day late, a dollar short or worse.
 
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From LightningRods' article

The payment agreement covers a $4-million buyout penalty that was part of Rodriguez?s West Virginia contract, which he broke when he left in December 2007. The University of Michigan agreed to pay $2.5 million, and Rodriguez $1.5 million. Rodriguez will make annual payments of $500,000 for three years.
Parsons confirmed Michigan paid its share after the agreement was reached in the summer of 2008. U-M?s athletic department also paid Rodriguez?s attorney fees. Rodriguez is in the third year of a U-M contract that pays him about $2.5 million annually.
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So over the past 2 season, UM has paid $10 million plus attorney fees to have RRod destroy their program. For those counting that is $1.25 million+ per win.
 
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dav713;1644084; said:
From LightningRods' article




So over the past 2 season, UM has paid $10 million plus attorney fees to have RRod destroy their program. For those counting that is $1.25 million+ per win.
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Also worth noting that based on an annual income of 2.5M and a 35% tax bracket, the 500,000K penalty represents about 31% of RR's take home pay.

I don't care what the amount is, you feel 31% of your take home going down the toilet.
 
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Jaxbuck;1644095; said:
Also worth noting that based on an annual income of 2.5M and a 35% tax bracket, the 500,000K penalty represents about 31% of RR's take home pay.

I don't care what the amount is, you feel 31% of your take home going down the toilet.
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Now he'll just have to light his cigars with $50's instead of $100's (all the while laughing his ass off at the morons in the scUM administration).
 
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Jaxbuck;1644095; said:
Also worth noting that based on an annual income of 2.5M and a 35% tax bracket, the 500,000K penalty represents about 31% of RR's take home pay.

I don't care what the amount is, you feel 31% of your take home going down the toilet.
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True, true....but if he's still living in a trailer park, he should have some extra cash laying around, unless it was all blown on "fuck me" heels and leopard print dresses.

Cocktail waitress, Dolly Parton wig.
 
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TheIronColonel;1644122; said:
Now he'll just have to light his cigars with $50's instead of $100's (all the while laughing his ass off at the morons in the scUM administration).
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a lot depends on how things shake out with the NCAA investigation and the W/L record this year.

Paying off 1M in cash over the next 2 years (assuming he pays his 500K this year) gets problematic if you don't have the same level of income you had when you took on that debt.

Kind of related way to think of how much that 500K is to RR....He owes 1.5M to WVU payed over 3 years. That's roughly equivalent to 1 year of his take home salary.

Think of your own personal situation regardless of the amount you make, what if you had to pay an amount equal to 1 years salary to someone over the next 3 years. That's a chunk.

I'm not pointing this out because I feel sorry for the prick, just pointing out what has to be a stressful financial situation (on top of the losing/ncaa investigation/internal scUM friction) in the name of schadenfreude. :wink2:
 
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[sarcasm]You're right, we should all feel sorry for those poor millionaires. How will they survive?[/sarcasm]

I do understand what you're saying (my wife and I took a massive pay cut so I could go back to get my graduate degree), but when you incur financial hardship because you're a weasely little bastard who tries to get out from under contractual obligations with pre-defined financial penalties, I don't have to feel sorry for him at all. The guy has been making million dollar plus salaries for the better part of a decade; there's no way this puts him in a big financial pinch (particularly when he's known it's coming for around 12 months) unless he's utterly, completely retarded and flushed money down the toilet in stupid business deals.

On second thought, yeah, he's probably going to feel the hurt here.
 
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