Sedler Family Men's Head Basketball Coach

[X-Fan]

Hadn't heard anything about this until today's article.

From the article it says:
"The largest donation ever made to Xavier's men's basketball program, a gift from Tom and Genny Sedler, endows the head coaching position held now by Chris Mack."

The men's basketball coach will be renamed the Sedler Family Men's Head Basketball Coach.

Donation endows Xavier's men's basketball position (http://www.cincinnati.com/story/sports/college/xavier/2015/01/19/donation-endows-xaviers-mens-basketball-position/21989653/)

I remember chuckling when Michigan announced Jim Harbaugh with the same endowment attached to his title, but hey, I'm cool with whatever will help the program.

Pretty cool to see X finding ways to grow the program and compete in today's college basketball landscape. It'll be interesting to see how this affects Xavier's ability to compensate Coach Mack, and recruit future men's basketball head coaches.

It certainly looks like AD Greg Christopher is every bit the fundraiser he was billed to be.

Thank you Sedler family! Now go buy some Home City Ice!

[D-West & PO-Z]

Wonder how much it was?

[Milhouse]

How does this work exactly? Is it an annual donation or sorts and they contribute directly to his salary?

[BMoreX]

This sounds like big big news.

Is it?

[kyxu]

I've been advocating for this type of naming of positions based on endowments/sponsorship at X for years. I was dreaming of the day when the Doritos Men's Head Basketball Coach was introduced at the Burger King Schiff Family Conference Center.

[DC Muskie]

Wonder how much it was?


How does this work exactly? Is it an annual donation or sorts and they contribute directly to his salary?


This sounds like big big news.

Is it?

This is just me guessing...

I imagine it would be at least a 7 figure gift. It probably will be split out like 80/20 to annual fund to endowment. I'm sure a percentage is earmarked for basketball team and ensuring that best efforts are made to keep the coach, or recruit another one if needed. Those percentages could possible change depending on the details of the gift agreement.

Colleges have been doing this for years pertaining the chairs of departments. Orchestras have as well concerning concertmasters, conductors, and chairs. It's a smart way to provide naming opportunities, which means more money.

And yes, this is a huge deal. HUGE.

Well done to Christopher for landing this. Most likely Bobinski got the ball rolling years ago.

[ballyhoohoo]

It wouldn't surprise me if it was the Sedler family's idea. They are a great family and hue proponents of Xavier. They bleed blue.

[Xavgrad08]

This is huge news. The link below is about endowed coaching positions. The article talks about Football, but the same applies to Basketball. Endowing a coaches title has been the trend in college coaching and is a nice way to boost a coaches salary while saving the athletic department money. Nice work Mr. Christopher.

http://www.nytimes.com/2012/08/27/sports/ncaafootball/endowments-becoming-common-for-football-coaching-jobs.html?pagewanted=all&_r=0

[LadyMuskie]

Does Mack have to change his twitter handle now from CoachChrisMack to SedlerFamilyMensHeadBasketballCoachChrisMack? Someone will need to change the title of the Chris Mack Reality Thread to the Sedler Family Men's Head Basketball Coach Chris Mack Reality Thread.

[MHettel]

Terry sedler was in my class at xu. Went to his house once. I got lost...inside the house.

Good stuff!

[Masterofreality]

Does Mack have to change his twitter handle now from CoachChrisMack to SedlerFamilyMensHeadBasketballCoachChrisMack? Someone will need to change the title of the Chris Mack Reality Thread to the Sedler Family Men's Head Basketball Coach Chris Mack Reality Thread.

Well, as an "endowed" Poster who initiated the Coach Chris Mack Reality Thread, I, through an agreement with Muskie have Copyrights to any and all activity in regard to threads that I initiate. As a result any type of financial transactions that affect any of my threads must include me with ongoing royalty payments or various other compensatory avenues. I expect my share to be forwarded forthwith.

If none of you other scofflaws made the same arrangement, I have no sympathy for you. :lol:



In reality, this is super news.

[xu82]

Terry sedler was in my class at xu. Went to his house once. I got lost...inside the house.

Good stuff!

Hats off to the Sedler family. Thank you!

My nephew used to spend part of his summer at his friends "summer house" in Newport RI. We drove past it once and my jaw dropped. The place is currently on the market for $19 million. I asked him what it was like inside. He responded "I don't know, I was only there 3 weeks so I didn't see the whole thing". The dad had Elton John helicopter in to the grounds to play his 50th birthday party.

[Xaveriana]

Help me understand the level of influence. If the Sedler family is unhappy with Mack's icy performance as a coach, he is gone?

[OTRMUSKIE]

I hope the sedler family men's head basketball coach will learn how to adjust in the second half. This new title doesn't roll off the tongue very easy. I agree with the one poster that Doritos would be a better sponsor.

[LadyMuskie]

How about the S.F.M.H.B.C.? Or, we could just pronounce it as a word like NASA does with their acronym. Sfmhbc.

[OTRMUSKIE]

Love it Lady! So it will be pronounced svumbic the H is silent. Really like what Svumbic is doing with the bigs this season. Yes now that rolls off a little better. Cheers to Svumbic!

[Masterofreality]

Well, what this really means now is that I can change my signature on X Hoops!

[mid major]

Yeah MOR, as they've paid the man. Partied several times with Tommy. Good people.

[DC Muskie]

Help me understand the level of influence. If the Sedler family is unhappy with Mack's icy performance as a coach, he is gone?

Hopefully none, and from the sounds of it from the article, they don't seem to be that type of people.

[drudy23]

Hopefully none, and from the sounds of it from the article, they don't seem to be that type of people.

Don't kid yourself...that type of cheese always has conditions.

[kmcrawfo]

Don't kid yourself...that type of cheese always has conditions.

It is not true that people don't give to Xavier in this fashion without such conditions. There are other coaching positions getting ready to be endowed as well and there are no strings attached. Some of these donations will be publicized such as this was and some will be silent per the donors request. Big things from big donors (all much greater than 7 figures) are in the works right now behind the scenes at X. You can thank our new AD greg Christopher and the leadership of the AFO for what is coming down the pipe.

[Milhouse]

It is not true that people don't give to Xavier in this fashion without such conditions. There are other coaching positions getting ready to be endowed as well and there are no strings attached. Some of these donations will be publicized such as this was and some will be silent per the donors request. Big things from big donors (all much greater than 7 figures) are in the works right now behind the scenes at X. You can thank our new AD greg Christopher and the leadership of the AFO for what is coming down the pipe.

I truly hope this is true.

[Masterofreality]

I truly hope this is true.

It is.

[nuts4xu]

"The largest donation ever made to Xavier's men's basketball program, a gift from Tom and Genny Sedler, endows the head coaching position held now by Chris Mack."


I know a few schools have this, but I don't believe any other schools in our league are endowing their head coaches. There are coaches that are paid better than Chris Mack, but our coach certainly has the largest endowment of any head coach in the Big East!!

That is a fact!

[GoMuskies]

So you're saying Coach Mack is the most well-endowed head coach in the Big East?

[nuts4xu]

So you're saying Coach Mack is the most well-endowed head coach in the Big East?

Seems like this would be accurate. He is also the only endowed head coach in the Big East, so he is more endowed than anyone else...as far as I can tell.

[waggy]

I'm gonna take your word for it.

[MADXSTER]

So you're saying Coach Mack is the most well-endowed head coach in the Big East?

I'm not touching this one.

[bleedXblue]

So what exactly does the endowment allow us to do? I'm assuming the money can be used for a portion of his contractual cost? Does it sit in a fund and is only used when needed? Just curious? I'm assuming the end game is making sure that we can continue to pay market value for top line coaches?

[LadyMuskie]

So what exactly does the endowment allow us to do? I'm assuming the money can be used for a portion of his contractual cost? Does it sit in a fund and is only used when needed? Just curious? I'm assuming the end game is making sure that we can continue to pay market value for top line coaches?

The initial press release made it sound like this allows us to pay our coaches a comparable salary while simultaneously freeing up other funds to pay for other things we need to make the program elite.

[94GRAD]

I'm not touching this one.

That's what see said

[Masterofreality]

The initial press release made it sound like this allows us to pay our coaches a comparable salary while simultaneously freeing up other funds to pay for other things we need to make the program elite.

Well I can state categorically that XU did "Pay the Men" in the offseason including the assistants. What tho does is ensure a very, VERY competitive compensation level can be maintained while not stealing $$ from other sources. It also frees up other money to fund the "Total Cost of College" that the Power 5 just passed and that Big East schools have committed to match.

[xeus]

Thanks for the inside scoop MOR!