They have the money. They had to pay $50M to leave the ACC (unless it was negotiated to a lower amount, can't remember). What did they do, save up for 50 years? They can find a couple mil to serve Turge his walking papers if they wanted to. The books, what they tell the public, and what they actually have are probably vastly different.
MD paid $31.4M to leave. Substantial for sure.
They left the ACC to begin with, because the program was broke. Not even, but under water.
The first couple of years in the Big Ten, they weren't getting full shares.
Things are improving (have to be as additional Big Ten $ is now coming in)... but this idea that they just have great means is a stretch imo.
Could they probably scrape the money together if they absolutely had to? Yeah, I'm sure they'd find away.
But Turgeon running a boring offense, and this lost '17-'18 season isn't enough to convince everyone needed at a University like that, that change is absolutely necessary. Others will point to the 3 tournament appearances prior to this year. The Big Ten overall records. The recruiting.... and when the advocate of pushing Turgeon out mentions attendance, others will mention the cost is high.
The end result will be that he's got years left on the deal, and they will give him more rope.
They've had to beg / borrow / steal for the new Cole Field House, and they still don't have that fully funded.
That's significant imo.
Turgeon's making $2.55M per year in base salaries.
'18-'19: $2.55M
'19-'20: $2.55M
'20-'21: $2.55M
'21-'22: $2.55M
'22-'23: $2.55M
= $12.75M owed
If the university fires Turgeon, it would owe him 50 percent of his remaining base and supplemental salaries within 60 days, and the remainder of his contract’s base and supplemental salaries in increments through the end of his term. He’d only miss out on bonuses he hadn’t yet reached, plus obvious chances to earn outside income as Maryland’s head coach.
So, if they fired him today... they'd have to come up with $6.375M within 60 days.
$6.375M + the new coach? = ?
Georgia hired Tom Crean recently. That was for $3M a year.
Maryland's going to fire Turgeon.... pay him $6.375M in the next 60 days to leave.... and hire a new Coach at at-least $1M annually?
If the new AD comes on, and desperately wants his 'guy'.... (and has some innovative fund raising in his pocket)... maybe.
Don't see it though.
I'll owe you drinks if it happens.