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Greg Schiano would have made $27.7M over 6-plus years in scrapped Vols deal
Posted on 12/11/17 at 10:44 pm
Posted on 12/11/17 at 10:44 pm
ESPN: Document reveals details of Schiano-Tenn. deal
Greg Schiano would have earned $27.7 million in a proposed deal of six-plus years with Tennessee before the deal fell apart because of uproar from fans and on social media.
The school on Monday released a copy of the memorandum of understanding (MOU) between John Currie, who has since been replaced by Phillip Fulmer as athletic director, and Schiano.
The MOU, which ESPN obtained through an open records request, says the terms are binding and does not say that the lack of a signature by any party makes it invalid. But a spokesperson for the school said the document also was never signed by Tennessee's chief financial officer, David Miller, which the school says makes the contract invalid.
It is still not known whether Schiano is making any kind of claim based on what was represented to him. If he believes he was in fact hired, and then fired without cause, he would be owed 75 percent of the contract, which would equal $20.7 million.
Greg Schiano would have earned $27.7 million in a proposed deal of six-plus years with Tennessee before the deal fell apart because of uproar from fans and on social media.
The school on Monday released a copy of the memorandum of understanding (MOU) between John Currie, who has since been replaced by Phillip Fulmer as athletic director, and Schiano.
The MOU, which ESPN obtained through an open records request, says the terms are binding and does not say that the lack of a signature by any party makes it invalid. But a spokesperson for the school said the document also was never signed by Tennessee's chief financial officer, David Miller, which the school says makes the contract invalid.
It is still not known whether Schiano is making any kind of claim based on what was represented to him. If he believes he was in fact hired, and then fired without cause, he would be owed 75 percent of the contract, which would equal $20.7 million.
8
Posted on 12/11/17 at 10:52 pm to cj35
MOU did not have two of the required signatures necessary to make it legally binding.
VOLS stackedddddd (w/ cash)
Schiano frickeddddd (no kids)
VOLS stackedddddd (w/ cash)
Schiano frickeddddd (no kids)
This post was edited on 12/11/17 at 10:53 pm
Posted on 12/11/17 at 10:52 pm to cj35
They were going to pay 4.5 for Schiano but wouldn't come up with the scratch for Brohm? What a clown show.
Posted on 12/12/17 at 7:01 am to cj35
Are car allowances and house allowances always included in those contracts? Oh and private jet access and 20 tickets/game for friends and family?
Posted on 12/12/17 at 7:04 am to saintsfan22
Neither of them are worth that and both would've been awful fits with VOLS
Posted on 12/12/17 at 7:15 am to cj35
quote:
Six-plus years
So seven....eight?
Posted on 12/12/17 at 8:23 am to cj35
This will get settled out of court and if he is smart he will make them pay something.
Posted on 12/12/17 at 9:11 am to cj35
Show me the money
Posted on 12/12/17 at 9:11 am to rebeloke
quote:
This will get settled out of court and if he is smart he will make them pay something.
Tenn will absolutely have to pay. How much is the only question. They'll inevitably come up with some settlement in the $3-$5million range probably.
Posted on 12/12/17 at 9:14 am to JPLSU1981
quote:
$3-$5 million range
Posted on 12/12/17 at 10:48 am to David Ricky
quote:
Neither of them are worth that and both would've been awful fits with VOLS
It was obvious to all paying attention that after the Schiano deal was squashed, the administration cut the legs out from under Currie no matter where he went next. I thought he bounced back well with the Brohm and Leach efforts, but the powers that be at UT wouldn't allow any of it.
Such a clown show. But at least you have Fulmer.
Posted on 12/12/17 at 10:50 am to cj35
Hope he gets some kind of compensation out of this.
Posted on 12/12/17 at 11:03 am to Goldrush25
(no message)
This post was edited on 12/12/17 at 11:20 am
Posted on 12/12/17 at 11:06 am to wildtigercat93
Are you retarded?
Posted on 12/12/17 at 11:20 am to mountain D values
Simply hungover
Posted on 12/22/17 at 8:38 am to Goldrush25
quote:
Hope he gets some kind of compensation out of this.
Why? Because he couldn't pass a background check?
Posted on 12/22/17 at 8:53 am to cj35
If he stays with osu would he have to have had his resignation processed, and then re-contracted for him to "believe he was hired."
I believe the mou isn't official, but wondering in case he tried to fight it in court.
I believe the mou isn't official, but wondering in case he tried to fight it in court.
Posted on 12/27/17 at 1:40 pm to TOSOV
quote:
If he stays with osu would he have to have had his resignation processed, and then re-contracted for him to "believe he was hired."
Good point.
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