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Started By
Message
re: JBoy elaborates on LSU offer to Lincoln Riley
Posted on 11/24/21 at 8:14 am to LSU615
Posted on 11/24/21 at 8:14 am to LSU615
quote:
Basically he offered a verbal contract and if Riley wants it they’ll draft up the paperwork.
Pretty sure this part is incorrect. His agent and lawyer at least got a copy of the written offer. The numbers were confirmed by a guy who works in financial consulting, and they don't do anything without a document.
0
Posted on 11/24/21 at 8:16 am to PGuy_77
Not sure that is really an offer, maybe a suggestion
Posted on 11/24/21 at 8:17 am to LSU615
quote:
Basically he offered a verbal contract and if Riley wants it they’ll draft up the paperwork. Otherwise it’s a waste of time.
I get it. It was just a contradictory statement. You can't have a done deal without paperwork being signed. Posted on 11/24/21 at 8:18 am to Captain Crown
quote:
Looking like Lincoln Bucks
Posted on 11/24/21 at 8:22 am to koLSU86
quote:
I get it. It was just a contradictory statement. You can't have a done deal without paperwork being signed.
Have you guys ever been offered any kind of job or made any kind of major purchase? You talk numbers first and if there’s legitimate interest you then turn to the papers.
Posted on 11/24/21 at 8:23 am to sicboy
quote:
since OU is probably completely out of the CFP
OU has an 88% chance to make the playoffs if they win out
Posted on 11/24/21 at 8:27 am to koLSU86
quote:
You can't have a done deal without paperwork being signed.
quote:
His first time out in December 2008, not many people wanted the job. The Huskies had gone 0–11 in Tyrone Willingham’s final season, and Woodward considered it a victory to get USC offensive coordinator Steve Sarkisian. When USC poached Sarkisian following the firing of Lane Kiffin in 2013, Woodward had a list of standard candidates. There was Jim Mora Jr., a Washington alumnus who had gone 19–8 in his first two seasons at UCLA. There was Justin Wilcox, an up-and-comer who had served as Washington’s defensive coordinator under Sarkisian. But as Woodward considered these names, he got a call from Bennett Speyer, who represented Chris Petersen. Petersen had decided the timing was right to leave Boise State, and Washington fit what he sought in a Power 5 job.
Woodward’s response: “WHAT?” His next thought? “Let’s get it done,” Woodward says. “It literally went down that fast.”
How Woodward hired Petersen to Washington story
Posted on 11/24/21 at 8:28 am to The First Cut
quote:
Have you guys ever been offered any kind of job or made any kind of major purchase? You talk numbers first and if there’s legitimate interest you then turn to the papers.
For fricks sake. I get where they are coming from, but you can't say something is final until the paperwork has been drafted and it matches everything you've talked about. That's why saying there won't be paperwork until the deal is done is contradictory. You can't have a deal done without it being on paper and matching what you've talked about. It would be more accurate to state that the preliminary talks have been agreed upon and the deal being done is pending paperwork being signed. The gif I posted that started this was mostly a joke because the comment didn't exactly make sense.
It's really not that serious. 
Posted on 11/24/21 at 8:29 am to PGuy_77
His cousin, TBoy, says it’s Fickell
Posted on 11/24/21 at 8:31 am to koLSU86
You have an agreement in principal in terms of salary, bonuses, and expectations from both sides before you ever draft contracts. A contract drafted before those agreements are a complete waste of time and money.
Posted on 11/24/21 at 8:35 am to PGuy_77
JBoy is blowing smoke. It ain’t Riley. It’s bigger. Get excited!
Posted on 11/24/21 at 8:38 am to EasyGoing
Well it can’t get bigger for me because Riley is at the top of my personal list.
Posted on 11/24/21 at 8:38 am to OchoDedos
quote:
This guy knows about as much as my Rottweiler
Posted on 11/24/21 at 8:39 am to The First Cut
quote:
You have an agreement in principal in terms of salary, bonuses, and expectations from both sides before you ever draft contracts. A contract drafted before those agreements are a complete waste of time and money.
This is true of course.
There's a guy who posted over on the OU site that he works for the firm that reviewed the document, and confirmed the numbers are substantially the same as the 8/96 info that was reported. I work in the same industry and the way this guy reported the information and the language that he used, I believe him 110%. So for sure the verbal part took place a few months ago, but this thing with Riley has gotten to the point that CPA's and lawyers have been looking at it to advise their clients.
Posted on 11/24/21 at 8:43 am to Jabontik
quote:
but this thing with Riley has gotten to the point that CPA's and lawyers have been looking at it to advise their clients.
Obviously that means it’s progressed past the initial talks. But based on this info, what do you think Jabon?
Posted on 11/24/21 at 8:43 am to Fat Bastard
Posted on 11/24/21 at 8:45 am to The First Cut
quote:
You have an agreement in principal in terms of salary, bonuses, and expectations from both sides before you ever draft contracts. A contract drafted before those agreements are a complete waste of time and money.
You can stop explaining it. I understand how it works. I'm just saying......that the deal is not officially done until the paperwork is drafted and signed. You can agree verbally all you want, but until the drafted paperwork matches everything you talked about and it is signed, the deal isn't completed. That's all I'm trying to say. I'm not saying you can't verbally agree to terms, but saying something is done before the contracts have been drafted and signed is incorrect. The fact remains that you can verbally agree to things all you want and still not sign the contract.
Posted on 11/24/21 at 9:07 am to koLSU86
quote:
You can stop explaining it. I understand how it works. I'm just saying......that the deal is not officially done until the paperwork is drafted and signed. You can agree verbally all you want, but until the drafted paperwork matches everything you talked about and it is signed, the deal isn't completed. That's all I'm trying to say. I'm not saying you can't verbally agree to terms, but saying something is done before the contracts have been drafted and signed is incorrect. The fact remains that you can verbally agree to things all you want and still not sign the contract.
Exactly. Case in point: Jimbo Fisher and Tom Herman in 2019. Its all verbal so the press doesn't get anything that can be published. But remember once an AD welches on his verbal commitment he's finished in the business as an AD. No agent will ever deal with him again.
Posted on 11/24/21 at 9:12 am to PGuy_77
He hasn't said "no" as of today. Total package would be up to $15mm (for Asst Coaching hires).
We aren't signing him for less than $10mm per year.
We aren't signing him for less than $10mm per year.
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