re: Does CEO really have a 12 million buyout?

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How the frick does a 3 yr, $3.5m a year contract equate to a $12m buyout? We would pay him more if we fired him than if he actually coached all three years? Am I mistaken about his salary or what am I missing?

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Yeah. That doesn't make sense. $12 mil would seem to equal the total amount of the 3-year contract. I wonder if that's where they're getting that number. Is the total contract guaranteed or something?

quote:

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How the frick does a 3 yr, $3.5m a year contract equate to a $12m buyout? We would pay him more if we fired him than if he actually coached all three years? Am I mistaken about his salary or what am I missing?

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Yeah, I'm not arguing that the buyout doesn't seem really high, because it does, but I haven't done any actual research in the buyout amount. Just taking what I see here at face value.

I guess what you can read into it is that O wouldn't agree to anything less than 3 years without LSU having a good bit of skin in the game.

I do believe it's a 5yr contract. Just looked it up.