NEIL CORNRICH & NC SPORTS: MANAGING THE CAREERS OF PROFESSIONALS IN THE SPORTS INDUSTRY

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Thursday, November 30, 2006

USA Today Discusses Performance Bonuses, Cornrich Comments



Ka-ching! Coaches rack up rewards this week

November 29, 2006
By Michael McCarthy and Jodi Upton, USA TODAY


College football coaches will be playing a game within their final regular-season games this weekend: the pursuit of millions of dollars of performance bonuses built into their employment contracts.

Nearly every coach receives an array of incentives for leading his team to a bowl game, winning a conference championship or landing a berth in one of the five big-money Bowl Championship Series games in January, according to USA TODAY's analysis of their deals.

Agent Neil Cornrich of NC Sports says: "Head coaches are the CEOs of their companies. Bonuses allow coaches to share in the added value they create with superior performance."

Coaches coach to win games, says Boise State's Chris Petersen, whose team has completed a 12-0 regular season and almost surely will be included in the BCS when its matchups are announced Sunday. Bonuses, he adds, are gravy. "It's not like you're going to coach any harder," he says. "I guess it's just the American way."

Louisville athletics director Tom Jurich — whose coach, Bobby Petrino, has the Big East Conference title, a BCS bid and about $400,000 at stake — says he proposed the various bonuses to Petrino.

That's a lot of money riding on one game, Jurich says, "but if everything falls right on Saturday, we stand to make a lot more than that. (Petrino) should share in the rewards."

If all falls right for Ohio State and Jim Tressel, already in the national title game, the school is to begin renegotiating his contract, now worth a little more than $2 million annually.

Monday, November 27, 2006

Neil Cornrich Cited as No.1 Rep



November 26, 2006

Football agent Neil Cornrich, who runs NC Sports in Beachwood, should be smiling broadly these days: A recent, exhaustive study by on coaching salaries in college football revealed that Cornrich is the No. 1 rep in getting top dollars for head coaches. Two Cornrich clients, Bob Stoops of Oklahoma and Kirk Ferentz of Iowa, rank first and second, respectively, in total salary among head coaches. And several of Cornrich's college coaches have extremely lucrative bonus packages.

Friday, November 17, 2006

Reviled or loved, agents get results



November 17, 2006

By Michael McCarthy and Steve Wieberg, USA TODAY

Knowledge is power in any negotiation. Just ask sports agents Jimmy Sexton and Neil Cornrich.

Separately, they represent many of the best-known and best-paid coaches in college football — and a fair number of NFL coaches and players as well.

Taken together, they represent at least a dozen of the 42 coaches earning more than $1 million this year in USA TODAY's study of Division I-A football coaches' compensation. They could represent more since Cornrich declines to release his full client list.

Their knowledge of who's making how much from what university, or NFL team, has helped drive up coaching salaries over the last decade, according to athletics directors and Sexton himself.

Cornrich's Cleveland-based NC Sports represents an array of coaches, including Iowa's Kirk Ferentz, Oklahoma's Bob Stoops, Minnesota's Glen Mason, Kansas' Mark Mangino, Virginia's Al Groh, Boston College's Tom O'Brien, Arizona's Mike Stoops, South Florida's Jim Leavitt and Wisconsin's Bret Bielema.

Sexton's Athletic Resource Management in Memphis represents four top coaches in the Southeastern Conference — Auburn's Tommy Tuberville, South Carolina's Steve Spurrier, Tennessee's Phillip Fulmer and Arkansas' Houston Nutt — as well as Larry Coker of Miami (Fla.), Frank Beamer of Virginia Tech, Nick Saban of the Miami Dolphins and the Dallas Cowboys' Bill Parcells.

The agents' NFL connections are important. Pro salaries help set the bar for coaching salaries. Many coaches shuttle back and forth in search of the best deal.

Relations between agents and athletics directors are so poisonous, some ADs refuse to negotiate with them, says Dutch Baughman, executive director of the Division I-A Athletic Directors' Association.

"Some of them say they won't negotiate with terrorists," he says. "What happens in many cases is ... if I'm an agent and I'm talking to you, the AD, I'll tell you the compensation levels of my other clients in an effort to drive up the compensation for the coach you and I are talking about.

"The problem is the numbers they cite for the other coaches are grossly inflated."

Among the athletics directors telling USA TODAY they refuse to deal directly with agents are Arkansas' Frank Broyles, defending national champion Texas' DeLoss Dodds and Texas A&M's Bill Byrne.

"I don't want to deal with people in that profession," says Broyles, Arkansas's football coach from 1958-1976.

"If everything were equal, I'd certainly not go with the coach with an agent," Dodds says.

Sexton takes the terrorist remark as a compliment: "We are responsible for driving up prices. What else are we supposed to do? Drive them down?" Cornrich, an attorney, gives a more lawyerly answer: "Clearly, knowing the market leads to a fair result for both sides."

Sexton and Cornrich say the tough talk from athletics directors is more posturing, or wishful thinking, than reality.

Yes, there's some old-school ADs who won't talk to agents, Sexton says. What they're not saying is they pass off what they see as distasteful work to their assistants, university general counsels or even high-powered alumni on the board of trustees.

"I've never had a case where someone at the school didn't deal with me," Sexton says.

As for agents allegedly inflating salaries, they can't do it, Sexton says. "With all the open-records laws out there, these guys have access to the information. If I say a coach is making $2 million, they can go check it out themselves."

If people want to judge him, Sexton says they should look at his results. When longtime Virginia Tech coach Beamer hired Sexton in 2005, the agent immediately decided his new client was "underpaid." The result? With Sexton's help, Beamer negotiated a new seven-year contract in October that boosted his pay 42.9% from $1.4 million to $2 million a year. The deal runs through the 2012 season, with an option for three more years.

Beamer's contract also includes, according to the announcement by Virginia Tech, pay raises for his assistant coaches, an annual performance-based raise program and an improved bonus structure for postseason appearances.

"When we walked into the school, they knew we had the credibility to talk about what other coaches made," Sexton says. Beamer could not be reached for comment.

Agents take a 3%-5% cut from their clients, according to Sexton. Still, Auburn coach Tommy Tuberville says he doesn't know "very many" peers who fly solo. When the showdown comes at contract time, and the showdown always comes, the coach can play good cop to the agent's bad cop.

"You need somebody between you if you're going to do any negotiating or ask for anything else," Tuberville says. "If you go in and start dealing with numbers and all those things, you might create friction. So I just stay out of it."

Iowa's Ferentz, a Cornrich client, is in the midst of 13-month period in which he will earn at least $4.6 million through contract amendments made in May. Ferentz notes his fellow coaches are more familiar with X's and O's on the chalkboard than contracts, performance incentives and buyout clauses.

"I think Abraham Lincoln said something to the effect of 'Anybody who represents himself in a legal issue has a fool for a client,' " Ferentz says. "All I know is football. I know coaching a little bit. But I have zero knowledge when it comes to the business aspect of things."

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