Fred Hoiberg

Fred Hoiberg, contract buyouts, and a shot at the NBA?

Leave a comment

When dealing with head coaching contracts these days, the key number to look for isn’t the number of years that he signs for.

It’s the buyout.

Rare is the case when a coach actually lives out the entirety of his contract. Usually, he leaves for a better job or ends up getting fired, which is why that buyout number becomes so important. How expensive will it be to make a change?

Fred Hoiberg is a perfect example. He signed a 10-year, $20 million contract extension with Iowa State in March, but it wasn’t until this week that we found out the numbers surrounding his contract. Hoiberg has a $2 million buyout if he leaves Ames, IA, for another school, which is a number big enough that it should keep Hoiberg a Cyclone for a long, long time. That’s a lot of money for a school — or a coach — to pony up.

But Hoiberg’s buyout if he leaves for an NBA job is just $500,000, which is significant for two reasons: A) Many people believe that Hoiberg’s next destination is going to be the NBA, and B) That kind of money is pocket change for an NBA franchise. From ESPN.com’s Myron Medcalf:

During our conversation in Ames a few months ago, he mentioned that he initially thought he’d begin his career in the NBA.

And I honestly believe that’s his next step. The buyout might deter college teams, but the NBA — he was an executive with the Minnesota Timberwolves after he retired in 2006 due to a heart condition — could be his final destination.

I think Hoiberg is one of the top young head coaches in America. He’s led the Cyclones to consecutive NCAA tournament appearances. And he’s enhanced the program’s recruiting pool.

But he’s an NBA coach or executive.

Bottom-line: Hoiberg isn’t leaving Iowa State for another college. That $2 million buyout could be $2, and I don’t think it would matter. He’s was born and raised in Ames. He was a Cyclone fan growing up and played his college ball there. His family is in the area. There’s a reason he’s called ‘The Mayor’.

If Duke or North Carolina came calling, that may be a different story.

But two trips to the NCAA tournament at Iowa State isn’t going to get you a job with one of the bluebloods.

For a guy that’s played in the NBA and has spent time as an executive in the NBA, that may be enough to get him some consideration for a job at that level.

You can find Rob on twitter @RobDauster.

NEW PODCAST: Pac-12 hoops, Purdue and Kansas wins, Denzel vs. Buddy … and beer!

Andy Enfield
(AP Photo/Marcio Jose Sanchez, File)
Leave a comment

It’s Wednesday, which means it’s time for me to be joined by a guest on the podcast and today, it was Jeff Eisenberg of Yahoo Sports.

Jeff is a west coast guy, so we spent some time talking about Pac-12 hoops and USC vs. Oregon. We also got into Kansas-West Virginia, Purdue’s win over Michigan State and Denzel Valentine vs. Buddy Hield.

And like me, Jeff is a bit of a beer snob, so we did have a chance to chat about some of our favorites early on. At this point, I should be sponsored by Bell’s.

Anyway, you can listen to the podcast by clicking “play” on the Soundcloud player embedded below. Or you can do so through either iTunes or Stitcher if you so choose. Thanks for listening!

VIDEO: Kentucky’s ‘Dancing Guy’ has scary fall while carrying girl

Leave a comment

Kentucky’s ‘Dancing Guy’ has turned into a fan favorite at Rupp Arena.

Every home game, during one of the TV timeouts in the second half, ‘Mony Mony’ will come on, Dancing Guy will hop into the aisle and he’ll break it down like only a middle-aged white guy from Kentucky can.

As you can see, it didn’t quite go all that well for Dancing Guy on Tuesday night, as he tried to do a rail slide while holding a young, female fan and completely ate it.

Here’s another angle of the fall:

It looks much scarier that it actually was, as all reports indicate that everyone made it through the fall healthy.