Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd | Page 2 | TigerDroppings.com

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nitwit
Member since Oct 2007
2791 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


I assume that the first "year" is based on some kind of 6/30 fiscal yr., otherwise it is very odd.
If not a fiscal year adjustment, does CC and/ or LSU have some sort of option at the end of yr.1, which creates thepay disparity?
It's just odd.






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EarthwormJim
LSU Fan
Member since Dec 2005
9779 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


quote:

I wish I made "only" $600,000.


Me too.

Still a little strange considering last year Stud made $500,000 and Frank Wilson made $600,000.

Also when Krag was first brought in, he made $700,000.






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JBeam
LSU Fan
Guns,Germs & Steel
Member since Jan 2011
44863 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


also have to remember that Baltimore has to pay him as well.





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nycajun
LSU Fan
Nothin' could be finer.....
Member since Dec 2004
17508 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


That's an average of $950,000 a year for the 2 years he will be here.





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ezride25
USA Fan
They call me ez
Member since Nov 2008
15714 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


So it's just a layover you are saying? Back to the NFL?





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nycajun
LSU Fan
Nothin' could be finer.....
Member since Dec 2004
17508 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


quote:

So it's just a layover you are saying? Back to the NFL?



Or a college HC position.



This post was edited on 2/20 at 10:31 am


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nitwit
Member since Oct 2007
2791 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


I'm not saying there is an out for either party, just searching for some justification for pay at 50% for the first year...





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TIGER62
LSU Fan
METAIRIE, LA
Member since Aug 2005
1599 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


"bring back emmert"

he is the one that started it!!!!

gave saban the $1.2 with the clause that if he won nat champ , hw would get what the highest were paid

then bertman gave mioles the same clause - guys that what started the big numbers






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nycajun
LSU Fan
Nothin' could be finer.....
Member since Dec 2004
17508 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


Is the "annual" salary keyed to calendar years or to football season years? The article says "for the 2013 season". When does the 2013 season begin? Is he here for less than a full season? Or does what he's getting paid by Baltimore have some impact?


This post was edited on 2/20 at 10:55 am


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1999
LSU Fan
Where I be
Member since Oct 2009
7169 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


i assume baltimore is making up the difference in the first year.





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GeorgeTheGreek
Michigan State Fan
Sparta, Greece
Member since Mar 2008
36226 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


quote:

eah, that part was curious to me also. No idea on the reasoning behind it though.


Incentive to stick around and not go back to the NFL






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deathvalleyfreak43
LSU Fan
Baton Rouge
Member since Jul 2008
4198 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


quote:

Alleva just handing out cash money, eh?


Bitching about wanting a new OC but don't want to pay him?? Make up you're mind people






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Choctaw
Navy Fan
Pumpin' Sunshine
Member since Jul 2007
51780 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd








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lsuhunt555
Member since Nov 2008
21565 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


quote:

I'm surprised the first year is only $600,000.



Baltimore is likely paying in a few hundred grand as is Miami (possibly). So it lessens the burden on LSU.






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TigerB8
LSU Fan
Marietta, GA
Member since Oct 2003
2965 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


That contract feels like it was structured for a guy that might not stay long....





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nycajun
LSU Fan
Nothin' could be finer.....
Member since Dec 2004
17508 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


I went back and read the story, which no doubt is verbatim what the LSU press release says (since it's on the LSU website), which, in turn, was certainly carefully crafted by University legal. It says, "a three-year contract that will initially pay him $600,000 for the 2013 season..." It goes on to say that he "will earn $1.3 million in his second year and $1.5 million for the final year of the contract, which runs through the 2015 season." That wording isn't random. It switches back and forth among "initially..for...2013", "in" his second year, and "for" the final year...through the 2015 season". The wording suggests that the $600 thousand isn't everything he's getting in respect of the first season, and that the $1.3 million "in his second year" (not season) isn't necessarily all earmarked for the 2014 season. I suspect that they are spreading the total amount around in a way that best fits LSU budgetary parameters and CC's personal financial parameters.

Lawyers. Aren't we grand?



This post was edited on 2/20 at 11:24 am


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Mickey Goldmill
LSU Fan
Baton Rouge
Member since Mar 2010
5712 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


quote:

That contract feels like it was structured for a guy that might not stay long....


How so? I feel the complete opposite. Pay him more in the future when he is more likely to leave.

Plus, he's already been to the top. NFL Head Coach and years as a NFL OC. Why not stay and do something you may emjoy more with a good friend of yours. I'm sure he can live off of $1.5 million a year if he wants to stay longer.






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lsuhunt555
Member since Nov 2008
21565 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


Well my guess as to why it says "initially" for this year would be incentive clauses.





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AlexLSU
LSU Fan
Member since Jan 2005
24502 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


Baltimore is still paying him





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nycajun
LSU Fan
Nothin' could be finer.....
Member since Dec 2004
17508 posts

re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd


quote:

Well my guess as to why it says "initially" for this year would be incentive clauses.


Yeah. I thought about that, too. But I'm not sure it makes sense to have incentive clauses in year 1 that don't also show up in years 2 and 3. Or if the incentives in the later 2 years are proportional, then the disparity between 1 and 2 is still too great. My bet is that they're just structuring a total package in a way that works best for both parties. Maybe CC is getting a big payout from Baltimore and wants to defer some of the LSU salary into 2014 (and got a little bump for pushing it back). Or maybe LSU didn't want to hit their 2013 budget with the full amount. Or some of both. Just speculating, of course, but I'm not sure the incentive explanation holds up.






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