If I’m Loomis I’m offering a 5 year contract and letting the new coach know they have no expectations for the first 2 years. After that then we need to start seeing growth as the HC is molding the team into his own vision.
If someone told me that they didn't have any expectations for the first 2 years, I'd have to pass, no matter what they offered. That tells me that they aren't that interested in winning.