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When will colleges learn to stop giving those GIANT buyout packages
Posted on 9/7/17 at 6:35 pm
Posted on 9/7/17 at 6:35 pm
to coaches that will eventually let them down? (minus Saban of course)
Posted on 9/7/17 at 6:41 pm to 6R12
You can't go snag a coach with no security for them.
So never.
So never.
Posted on 9/7/17 at 8:44 pm to 6R12
Each negotiation depends on who is holding the bargaining chips. Top notch coaches go to teams that can and will pay top dollar and buyout packages are part of the bidding process.
Posted on 9/7/17 at 8:45 pm to 6R12
Let me know when you convince a championship caliber coach to commit to coach your school without giving him job security. Would love to pass on the formula to Joe Alleva
Posted on 9/7/17 at 9:06 pm to 6R12
Giving Coach O a huge buyout is the biggest head scratcher
There was zero reason to include one. Like he wasnt gonna sign that contract without it?
There was zero reason to include one. Like he wasnt gonna sign that contract without it?
Posted on 9/7/17 at 9:11 pm to 6R12
O getting a $12m buyout is the biggest frick up in the whole situation.
Posted on 9/7/17 at 9:20 pm to 6R12
That is all a part of the game....if you want to keep a successful coach, you have to garantee him money....and then if your fans demand that you fire him the next year, you are gonna pay the debt.
Posted on 9/8/17 at 7:59 am to 6R12
Aren't the "buyouts" the money the coach has to pay the SCHOOL in order to take another job?
For example, Saban has NO BUYOUT. Meaning, he can leave Alabama and not pay them a nickel.
A coach with a large "buyout" owes the college the money if he leaves. It is a poison pill to make it difficult for other schools to poach them. As coaches get more "power", the buyout goes DOWN because he can negotiate from strength.
I think the contract is the contract and the school owes that amount if it fires the coach for anything other than "for cause".
So, when Miles had 4 years left on his contract, he was nearly "unfireable" because he was owed so much money. That is why LSU stopped the 'automatic rollover' part of the contract as things got more bleak. It reduced the years left on the contract for which LSU would owe if he was fired.
Also, the contract can state the years of the payout. So, if a team owes a coach for 2 years of salary, it can sometimes be paid out over more years (example: 10 year payout)
Finally, often a school and a coach may negotiate a lower payoff than the contract owed amount in order to let the coach "resign" rather than be "fired", etc.
IF Orgeron has a "huge buyout"...it means he is bound to LSU and not able to leave it very easily.
For example, Saban has NO BUYOUT. Meaning, he can leave Alabama and not pay them a nickel.
A coach with a large "buyout" owes the college the money if he leaves. It is a poison pill to make it difficult for other schools to poach them. As coaches get more "power", the buyout goes DOWN because he can negotiate from strength.
I think the contract is the contract and the school owes that amount if it fires the coach for anything other than "for cause".
So, when Miles had 4 years left on his contract, he was nearly "unfireable" because he was owed so much money. That is why LSU stopped the 'automatic rollover' part of the contract as things got more bleak. It reduced the years left on the contract for which LSU would owe if he was fired.
Also, the contract can state the years of the payout. So, if a team owes a coach for 2 years of salary, it can sometimes be paid out over more years (example: 10 year payout)
Finally, often a school and a coach may negotiate a lower payoff than the contract owed amount in order to let the coach "resign" rather than be "fired", etc.
IF Orgeron has a "huge buyout"...it means he is bound to LSU and not able to leave it very easily.
Posted on 9/8/17 at 8:24 am to 6R12
When supply and demand is not a useful formula in business any longer.
Posted on 9/8/17 at 7:16 pm to 6R12
If you think Miles let LSU down
Posted on 9/8/17 at 7:31 pm to 6R12
Is the firing but out the same as the taking another job out? Are there 2 different buyouts negotiated?
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