I'm not saying Saban owes $25 million or $10 million on anything. I'm just relaying something I've read. Does it mean Saban to Texas? No, but it does offer some proof of Saban having some real estate deals gone bad.

This stuff showed up originally on tigerdroppings, it may have been done while Saban was at LSU. It would be kinda funny if bad LSU booster deals were the thing that drove Saban from Bama to Texas.

I've been sitting at 0% chance Saban comes to Texas, this bumps it up to about 20% chance for me. I think it will end up being Strong, Shaw, Briles, Gundy or Malzahn. I don't see Harbaugh or Tomlin coming here. Frankly I don't give a **** who it is as long as Mack is gone.

I guess the theory is that Nick is in such bad financial shape that he has to sell himself to the highest bidder. That said, I share your skepticism. Nick could have been made whole on his investment already. Nick could be the 49% owner of a property that has a value of $24 million but no current capacity to service debt (not such a big deal). Who knows.

I will say this. If Nick is close to broke, he is a bigger dumbass about investing than your average 22-year old NFL player. I find that hard to believe. He has made a TON of money over the last 15 years.

If there's one thing I've learned following coach movements in college football, it is that they are really, really, really bad at real estate investing.

Yeah, I didn't read the entire initial bankruptcy doc, but just the first couple of sections make it pretty clear that this developer was not someone who should be running such a thing. And this was his side of the story!

It always astounds me how terrible people are at reading loan agreements though. Such a powerful urge to superimpose ironclad meaning over ambiguous boilerplate. Every year the same conversation:
"This means xxxxx."
"Why doesn't it say xxxxx, then?"
"You're an *******!"

If I were Nick and I had taken a dozen baths on **** like this, I'd be wary of groups of boosters anywhere eager to do business with me and set me up with more sweetheart deals. Look around the table, yadda yadda yadda.

I don't know how new or revelatory that real estate stuff is. I feel like I heard it before and it's basically the genesis for the 20M in the hole rumors. Just the same rumors building upon themselves. I may possibly be conflating that with John L. Smith- who was like flat broke when he was coaching Arky last year because of bad real estate deals.

Indeed John L filed bankruptcy last year as way in the hole. Not long after signing the 1 year contract with Arky, in fact.

There was also former Georgia coach Jim Donnan, who took millions off of other SEC coaches as part of his ponzi scheme built around real estate investing. Which I guess makes him a better strategist that I ever gave him credit for.

Yeah, it's incredible. Just throw that **** in a low cost mutual fund and get back in the film room or on the recruiting trail guys, you aren't going to turn into Donald Trump in your spare time

RT @gkketch: OB source has confirmed that Nick Saban has initiated vetting process of trying to see what a staff at Texas might look like.

pee vee ennnnnnnnn

The statement I saw from Bama's AD yesterday sure wasn't one that made me think they were confident he was staying.

It's hard to argue with what Saban's done at Alabama, but how much of that is just Bama being Bama and how much of that is the ability of a guy who Texas seems to want to pay what, almost twice what a bunch of other pretty damn good coaches are making? That's a ****load of $ per win in a sport where you're one questionable Glasses Ref call away from the one lost that sinks your season.

As an Alabama fan, if he leaves he's already rebuilt the program and positioned it to be a great success moving forward barring huge infractions or collosally dumb coaching hires.

As a Saban hater, "good riddance".

As a new Texas fan, "Ah crap, this joyless ****head again? Whelp, it was nice rooting for a school with standards for a while."

Hmm...maybe he could go to Michigan or something instead?

I think it is the coaches being bad at investing and not being bad at real estate investing.

I keep forgetting that Mack Brown is still employed as the coach at Texas. Why is that?

Opinion on James Franklin blacklab?

Mack speaking on espn now

Edit: nm just a prerecorded clip lol

because he is being a petulant ass.

If the rumors are to be believed, he really wants to break Darrell Royal's all time win record at Texas. He's currently 9 short so he may be able to get it in 2-3 years. So he's digging in his heels and trying to stick around.

The university president and outgoing AD want to control the message and make it look like Mack left on his own and don't want to fire him for some reason. Mack wants something above and beyond his buyout and is probably going to make them fire him.

Supposedly there was a meeting set up for earlier this week and Mack went on a recruiting trip to Florida and missed it. He hasn't been out of Travis County on a recruiting trip in 8 years so it looks like he did it to avoid the meeting. Texas wasn't even on the guys final five choices and he narrowed down to 2 a few weeks ago.

I think he's a great coach and after seeing the things he does with his kids would love to have him here.

I have not heard his name mentioned once in all the rumors floating around. I think we'd have to strike out on a bunch of people before he would be contacted.

Also

Sounds like Mack Brown is showing some WIM!

I wish he put this much effort in to game planning

Maybe he will!

That document is what's known as a disclosure statement, which a Chapter 11 bankruptcy debtor is required to file (and get court approval of). It's akin to a prospectus. The creditors vote up or down on a Chapter 11 plan in part based on disclosure statements. According to that document, the company is paying the entire ~$21 million mortgage but extending the maturity date. I looked at the case docket and the disclosure statement and Chapter 11 plan were approved a couple years ago and the bankruptcy case has been closed since September 2012. Unless the company has tanked on the restructured debt, this bankruptcy filing tells us literally nothing. Looks like a successful Chapter 11 case as of now.

I'll have you know that the bankruptcy judge in his case held that the evidence was insufficient as to a ponzi scheme. A lot of press leading up to the hearing. Not much press after the hearing.

lolhorns

if saban were gonna go to austin, why hasn't the deal already been completed? what's the holdup?

Well, they do still technically have a coach right now, and getting rid of him seems to be at least part of the holdup on whatever their plans are (whether those plans involve Saban or not).

So who's Saban supposed to be negotiating with? Would be very interesting if they get Saban wrapped up and Mack never leaves.

Maybe Saban could be "Coach in Waiting".

Brown is trying his best to scuttle/delay the deal. His ego is so big he doesn't want some one to come in and kick ass, tarnishing his legacy.

Big suprise, Kirk Herbstreet mentioned Jim Harbaugh the other day and it's news to Jim

http://sportsillustrated.cnn.com/-da...ees/?eref=sihp

Man, I can only imagine Texas' annoyance at having Mack inexplicably go from GAME OVER to getting another try. One more year?