A Sea Of Red

LUADJeff

Needless to say, I am thrilled Danny Rocco is still our fb coach. He signed a 2 year extension on his contract @ 4:15 today. Go Flames!

DR: "We need to finish what we started here."

DC wrote:Talk around the water cooler and on messageboards indicates that Rocco might sign an extension. We'll give you an update on the 10 o'clock news once we check our sources again

Chris Lang wrote:The extension has been in the works since before Christmas, FWIW.

SumItUp wrote:

Chris Lang wrote:The extension has been in the works since before Christmas, FWIW.

FIFY

Chris, again, your work is appreciated by those of us that don't live in the 245 area. It's nice to have someone with contacts that sources their posts for FF.

sigmo7 wrote:He told us about the extention on sunday, while we were up there on an official visit. Figured i better not say anything. Even though it means very little now a days, it sounded pretty positive to us.

LUconn wrote:Does LU disclose details for how much, normally?

LUconn wrote:I assume since we're private that we don't have to, and therefore wouldn't.

olldflame wrote:The fact that there is no increase tells me that this is more than likely a temporary arrangement to provide some added security and end some of the distractions, but not a finished product. Does anyone think for a minute that if we make a playoff run in the next couple of years he won't get a brand new deal for substantially more money?

ENpk0mUl wrote:

LUconn wrote:Does LU disclose details for how much, normally?

No.

LUconn wrote:I assume since we're private that we don't have to, and therefore wouldn't.

Yes and no. Yes they're private so they don't have to unless an employee is a key executive or one of the top five highest paid. Then it is public record.

As a 501(c)(3) organization LU has to file Form 990 with the IRS which is public record. The 990 forms include pay for key executives and the top five employee salaries, as well as balance sheets, top paid contractors, etc.

The latest available 990 form for LU is the 2008 form, which contains data for the year 2007. It is available here: http://www.guidestar.org/FinDocuments/2008/540/946/2008-540946734-050f7179-9.pdf

As you can see from the form Rocco is in the top five list so his pay is listed. Since we know he didn't negotiate for a raise based on the reporters article we can assume his total pay is at least still at $248,697 which would make the two year extension worth a minimum of $497,394. That's assuming there has been no other undisclosed raises or compensation negotiated since 2007.

LUconn wrote:

ENpk0mUl wrote:

LUconn wrote:Does LU disclose details for how much, normally?

No.

LUconn wrote:I assume since we're private that we don't have to, and therefore wouldn't.

Yes and no. Yes they're private so they don't have to unless an employee is a key executive or one of the top five highest paid. Then it is public record.

As a 501(c)(3) organization LU has to file Form 990 with the IRS which is public record. The 990 forms include pay for key executives and the top five employee salaries, as well as balance sheets, top paid contractors, etc.

The latest available 990 form for LU is the 2008 form, which contains data for the year 2007. It is available here: http://www.guidestar.org/FinDocuments/2008/540/946/2008-540946734-050f7179-9.pdf

As you can see from the form Rocco is in the top five list so his pay is listed. Since we know he didn't negotiate for a raise based on the reporters article we can assume his total pay is at least still at $248,697 which would make the two year extension worth a minimum of $497,394. That's assuming there has been no other undisclosed raises or compensation negotiated since 2007.

Good find. Carey Green made more than BeTray. ha.

olldflame wrote:McKay was making more than anyone else here, it's just that most of it was still coming from New Mexico. Pretty sure his contract there was for $600,000, and they subtracted what we paid him from that. Pretty safe to say that if he were still around he would get a new deal for a competetive rate when the NM $$ dried up.