https://www.businessreport.com/arti...l-coach-millions-dollars-stake-alexander-says
“It was a combination of factors and a decision that we made collectively,” Alexander says. “We weighed all the factors in all this and it was a joint decision between many of our board members, our AD and many of us decided this was the wrong time and wrong place (to replace Miles.)”
Alexander acknowledges that concerns over the exorbitant cost of buying out Miles’ contract—$15 million plus an additional $2 million for his coaching staff—and hiring a new coach factored heavily into the decision, though he says money was not the only determinant.
“After the type of budget battle we went through this past spring we certainly do not need to be throwing tens of millions of dollars around under certain circumstances,” he says. “We don’t need to go into the next legislative session with a black eye that we’re throwing tens of millions of dollars around on issues that aren’t associated with academic progress.”
Alexander goes on to say that “we’re focused on the university as a whole, the students as a whole, and that was a very costly direction we were headed in and under the circumstances we felt it was not the prudent decision to make.”
No university funds would have been used to buy out Miles’ contract. However, Alexander, who has been a tireless advocate of increased state support for higher education, says many in the general public—and even the Legislature—fail to understand that distinction.
“The public at large really doesn’t differentiate where the money comes from,” he says. “No matter how you explain it, it’s still a $15 million to $25 million decision that needs to be factored into the overall equation.”
“It was a combination of factors and a decision that we made collectively,” Alexander says. “We weighed all the factors in all this and it was a joint decision between many of our board members, our AD and many of us decided this was the wrong time and wrong place (to replace Miles.)”
Alexander acknowledges that concerns over the exorbitant cost of buying out Miles’ contract—$15 million plus an additional $2 million for his coaching staff—and hiring a new coach factored heavily into the decision, though he says money was not the only determinant.
“After the type of budget battle we went through this past spring we certainly do not need to be throwing tens of millions of dollars around under certain circumstances,” he says. “We don’t need to go into the next legislative session with a black eye that we’re throwing tens of millions of dollars around on issues that aren’t associated with academic progress.”
Alexander goes on to say that “we’re focused on the university as a whole, the students as a whole, and that was a very costly direction we were headed in and under the circumstances we felt it was not the prudent decision to make.”
No university funds would have been used to buy out Miles’ contract. However, Alexander, who has been a tireless advocate of increased state support for higher education, says many in the general public—and even the Legislature—fail to understand that distinction.
“The public at large really doesn’t differentiate where the money comes from,” he says. “No matter how you explain it, it’s still a $15 million to $25 million decision that needs to be factored into the overall equation.”
