[Mick]

Were I writing the JH contract, I would put a very, very large amount in an annuity that vests over a 10 year period at about 7% a year with a balloon for year 10.

...the more I think that we don\'t have a JoePa type coach because we haven\'t created a JoePa-type incentive system.  And I don\'t mean the type of contract that Paterno has, I mean one that offers an itinerant coach the kind of security that coaches never, ever, ever get.

We have a young coach that has exhibited success literally everywhere he\'s been, was a Voldemort finalist himself, and has now coached two Voldemort finalists.  He took a team from 1-11 to 11-1 (and hopefully 12-1) in four years.  And honestly, if two plays in the Oregon game had gone differently...the onside kick recovery by Oregon and the failure to call a hold on Stanford\'s DB during Oregon\'s long TD run, maybe Stanford is in the BCS championship game.  Hell, if the game is played at Stanford, I think Stanford\'s in the BCS championship game.

I wouldn\'t offer a long-term annuity to a coach.  For me, I don\'t really trust them.  There\'s a local retail organization that (at least two years ago) offered its managers a large, very long term annuity that paid off brobdingnagian, but only at the end of a very long period (more than a decade, less than two).  And the contracts are at will, and they can let go of employees for any reason at any time.  I had heard that no one had ever collected the annuity, but I\'m not certain if that\'s the case now.  My point is, the staff at the company distrusts the annuity, and discount it as an effective tool.

On the other hand...if you want a great coach for life, why not offer him a contract for life?  Coach Harbaugh, your work has been incredible, Stanford wants to reward you with a lifetime contract of $x annually with a CPI rider.  You\'ll never want again.  Whaddaya say?"

So crazy it just might work.

[Mick]

Were I writing the JH contract, I would put a very, very large amount in an annuity that vests over a 10 year period at about 7% a year with a balloon for year 10.

...the more I think that we don\'t have a JoePa type coach because we haven\'t created a JoePa-type incentive system.  And I don\'t mean the type of contract that Paterno has, I mean one that offers an itinerant coach the kind of security that coaches never, ever, ever get.

We have a young coach that has exhibited success literally everywhere he\'s been, was a Voldemort finalist himself, and has now coached two Voldemort finalists.  He took a team from 1-11 to 11-1 (and hopefully 12-1) in four years.  And honestly, if two plays in the Oregon game had gone differently...the onside kick recovery by Oregon and the failure to call a hold on Stanford\'s DB during Oregon\'s long TD run, maybe Stanford is in the BCS championship game.  Hell, if the game is played at Stanford, I think Stanford\'s in the BCS championship game.

I wouldn\'t offer a long-term annuity to a coach.  For me, I don\'t really trust them.  There\'s a local retail organization that (at least two years ago) offered its managers a large, very long term annuity that paid off brobdingnagian, but only at the end of a very long period (more than a decade, less than two).  And the contracts are at will, and they can let go of employees for any reason at any time.  I had heard that no one had ever collected the annuity, but I\'m not certain if that\'s the case now.  My point is, the staff at the company distrusts the annuity, and discount it as an effective tool.

On the other hand...if you want a great coach for life, why not offer him a contract for life?  Coach Harbaugh, your work has been incredible, Stanford wants to reward you with a lifetime contract of $x annually with a CPI rider.  You\'ll never want again.  Whaddaya say?"

So crazy it just might work.