It’s been a rough few weeks for Temple football as they have suffered the misfortune of losing not just one, but two head coaches to power conference programs. But at least the Owls are going to be paid well for their misfortune.
As reported by Brett McMurphy of Stadium, via Twitter, Temple will be receiving $6.5 million in buyout money from Georgia Tech and Miami. Georgia Tech owes Temple $2.5 million to buy out the contract of former Temple head coach Geoff Collins. And yesterday’s decision by recently hired Temple head coach Manny Diaz to stay with the Miami Hurricanes means Miami will have to pay Temple $4 million to buy out the contract of Diaz, which was just having the ink dry on the paper.
While coaching instability is never easy for a non-power conference program like Temple, at least the financial windfall helps soften the blow and potentially helps the program and university moving forward. Surely Temple would prefer not to have to accept the buyout money from either university, let alone two universities, but Temple will now move forward searching for a new head coach once again and know they have $6.5 million in additional revenue coming their way to put toward the football program in some way.