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re: Canada and Orgeron : The story
Posted on 1/10/18 at 12:21 pm to Nutriaitch
Posted on 1/10/18 at 12:21 pm to Nutriaitch
Thanks for taking the time to research all of that, actually pretty good info. 
The answer to the question of why would Canada take a lesser buyout if he wasn't doing the things being said is because doing so allowed him the possibility to make even more money going forward. Whether he will or not I'm not sure. But again, it's not out of the realm of possibility that someone with Canada's apparent ego would bet on himself in this situation because he thinks he can.
I would add that most of if not all of those schools are hiring new head coaches that are likely going to demand higher staff salaries. I don't think it's unrealistic at all to think more than 3 of the vacancies on that list will pay more than $775k for coordinators next year.
I'd also add that most of the big vacancies have been filled by coaches thatvare heavily involved in their teans offenses, and it is possible that Canada wouldn't have interest in going to those places since they would limit his power. Will be interesting to see how it plays out.
quote:
so the odds of him breaking even with the $3mil is actually quite slim.
The answer to the question of why would Canada take a lesser buyout if he wasn't doing the things being said is because doing so allowed him the possibility to make even more money going forward. Whether he will or not I'm not sure. But again, it's not out of the realm of possibility that someone with Canada's apparent ego would bet on himself in this situation because he thinks he can.
I would add that most of if not all of those schools are hiring new head coaches that are likely going to demand higher staff salaries. I don't think it's unrealistic at all to think more than 3 of the vacancies on that list will pay more than $775k for coordinators next year.
I'd also add that most of the big vacancies have been filled by coaches thatvare heavily involved in their teans offenses, and it is possible that Canada wouldn't have interest in going to those places since they would limit his power. Will be interesting to see how it plays out.
2
Posted on 1/10/18 at 12:24 pm to BayouCowboy
quote:
My original post was questioning why he didn't take the full buyout. In no report have I seen anywhere that if he does not get employed he receives the full contract. Therefore, more original question is still valid.
Posted on 1/10/18 at 12:26 pm to Open Your Eyes
quote:
The answer to the question of why would Canada take a lesser buyout if he wasn't doing the things being said is because doing so allowed him the possibility to make even more money going forward. Whether he will or not I'm not sure.
Why would Canada drop the possibility of the full contract up front? Didn't every other buyout to former LSU staff have terms that "if" they got new employment that would offset LSU's financial responsibility?
Posted on 1/10/18 at 12:27 pm to Jester
Also, the numbers Open Your Eyes is using are more accurate, apparently. I thought he was only owed $3M, but it is apparently $3.3M, so $775k is the break even point. Also, he doesn't have to deal with the cost and headache of litigating the divorce.
This post was edited on 1/10/18 at 12:29 pm
Posted on 1/10/18 at 12:27 pm to BayouCowboy
quote:
My original post was questioning why he didn't take the full buyout. In no report have I seen anywhere that if he does not get employed he receives the full contract. Therefore, more original question is still valid.
No. Now I can’t tell if you are trolling or not. This is literally the answer to your question.
quote:
According to The Advocate, the two parties came to a financial agreement Friday night, and Canada will walk away with roughly $1.7 million in buyout money, about half of the $3.3 million he was originally owed. However, that $1.7 million is guaranteed, meaning Canada will keep it on top of whatever salary he earns at a new job.
Posted on 1/10/18 at 12:28 pm to BayouCowboy
I've seen Jester try to explain this to you mutilple times in the thread. It's apparent you just do not understand the concept here. I don't know what else to tell you.
Posted on 1/10/18 at 12:28 pm to BayouCowboy
quote:
Why would Canada drop the possibility of the full contract up front? Didn't every other buyout to former LSU staff have terms that "if" they got new employment that would offset LSU's financial responsibility?
Yes, but that is using the contract-stipulated buyout language. The $1.75M buyout language removes that language to make for a more straight-forward agreement for both parties. His coaching contract is thus null and void moving forward.
This post was edited on 1/10/18 at 12:30 pm
Posted on 1/10/18 at 12:31 pm to lagallifrey
You can correct me if I'm wrong, but didn't every other coach have a deal where they got the full contract if they were not employed? This guarantees only that 1.7m correct?
Posted on 1/10/18 at 12:32 pm to Open Your Eyes
Derailed pretty quickly in here.
Posted on 1/10/18 at 12:32 pm to TenthTiger
quote:
Alleva was very clear. When Orgeron got involved in offensive affairs, we lost the worst game in years. Orgeron was told to give the keys to Canada and let him gameplan for the coming games.
So what is the relationship now between Alleva & Orgeron? O and Aranda?
Posted on 1/10/18 at 12:33 pm to Open Your Eyes
quote:
But again, it's not out of the realm of possibility that someone with Canada's apparent ego would bet on himself in this situation because he thinks he can.
oh he may very well bet on himself that he can.
but because it's "late" in the game, the number of openings is lower than had this happened immediately after the season.
I believe someone posted that $3.25 mil over 2 years is what his original buyout was.
He settled for $1.7
a difference of $1.55 mil
he needs to average $775 over 2 years to break even.
due to the small pool of openings, if he doesn't land a gig this year, he needs to hit the entire $1.55 mil next year.
Posted on 1/10/18 at 12:36 pm to Jester
quote:
Yes, but that is using the contract-stipulated buyout language. The $1.75M buyout language removes that language to make for a more straight-forward agreement for both parties. His coaching contract is thus null and void moving forward.
So we agree his buyout is an anomaly. That's all I'm saying. If you want to propose it's a better deal that's fine.
Posted on 1/10/18 at 12:37 pm to TenthTiger
I hate orgeron
Posted on 1/10/18 at 12:39 pm to TenthTiger
happens all the time
Posted on 1/10/18 at 12:41 pm to BayouCowboy
quote:
You can correct me if I'm wrong, but didn't every other coach have a deal where they got the full contract if they were not employed? This guarantees only that 1.7m correct?
Canada did as well originally by report. He then agreed to a lesser amount that is guaranteed. He may end up making the same amount of money, or less, or more. He seems confident enough in himself to think he could make more, without the legal headaches of fighting LSU. So it worked out for him, about the same money with less headaches.
Posted on 1/10/18 at 12:48 pm to Chicken
Chicken have you confirmed TenthTiger’s sources?
Posted on 1/10/18 at 12:52 pm to BayouCowboy
I lied. I'll give it a shot.
Matt Canada is owed $3.25 million dollars over the next 2 years by LSU. 2 possibilities:
Scenario A: Canada takes the $1.7 million guaranteed buyout and leaves. He finds another job this year making $800,000. After 2 years, he had made $3.3 million dollars.(1.7 million + 800,000 + 800,000)
Scenario B: Canada leaves being owed the full $3.25 million. Canada finds another job making $800,000. After 2 years, he has made $3.25 million.($800,000 + $800,000 + $1.65 million Lsu offset)
Scenario A yields $500,000 more than Scenario B. Which do you take?
The breakeven salary figure for Canada in $775,000. Anything more than that and he has made money with this decision. Anything less than that and he has lost money with this decision.
quote:
You can correct me if I'm wrong, but didn't every other coach have a deal where they got the full contract if they were not employed? This guarantees only that 1.7m correct?
Matt Canada is owed $3.25 million dollars over the next 2 years by LSU. 2 possibilities:
Scenario A: Canada takes the $1.7 million guaranteed buyout and leaves. He finds another job this year making $800,000. After 2 years, he had made $3.3 million dollars.(1.7 million + 800,000 + 800,000)
Scenario B: Canada leaves being owed the full $3.25 million. Canada finds another job making $800,000. After 2 years, he has made $3.25 million.($800,000 + $800,000 + $1.65 million Lsu offset)
Scenario A yields $500,000 more than Scenario B. Which do you take?
The breakeven salary figure for Canada in $775,000. Anything more than that and he has made money with this decision. Anything less than that and he has lost money with this decision.
Posted on 1/10/18 at 12:53 pm to Godfather1
quote:Actually...
quote:
He doesnt have the arm strength of Etling. But this is easily fixable. Hes a small guy. Give him time to beef up.
To me, this statement by itself shoots any credibility you might've had.
every comparison I heard about Brennan was to Hodson. Hodson never had the cannon to throw it 60+ yds in the air. A couple of Etling's deep passes WERE over 55 yds.
Throwing a 20 yd out and a 50+ yd bomb are two different things. And it's easily conceivable that Brennan, like Hodson, has the wrist strength and quick release to look good in short and intermediate passes. Hell, that's part of what makes the pass so catchable... it comes out quick so you think there's more velocity than there is.
I remember people getting defensive about Hodson's arm at the time, too; and then when he went to New England, it was obvious he couldn't drive the ball.
Posted on 1/10/18 at 12:55 pm to TenthTiger
You just described Miles and Jimbo circa 2006
Posted on 1/10/18 at 12:56 pm to TenthTiger
I think Canada's explosion against Florida got caught on camera. I'll try to find it on youtube.
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