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Question on Mack Browns buyout

Posted on 12/12/13 at 8:38 am
Posted by tween the hedges
Member since Feb 2012
20650 posts
Posted on 12/12/13 at 8:38 am
I know he was saying he doesn't want to step down but Texas appears to be forcing him out. I also know he has a pretty sizable buyout. If he is forced to resign does he still get the money? Is that why he is waiting to get fired?
Posted by tritiger
Member since Apr 2006
1436 posts
Posted on 12/12/13 at 8:39 am to
$2.75MM if fired/quits.

$5.5MM (appx) if he stays, hence he wants to keep working.
Posted by JakeTheTiger
Biloxi, MS
Member since Jul 2005
3154 posts
Posted on 12/12/13 at 8:42 am to
You expect someone to answer this without reading the contract?
Posted by Indiana Tiger
Member since Feb 2005
4139 posts
Posted on 12/12/13 at 8:48 am to
IMO, he will get a better deal if he resigns, but he doesn't want to. I think he will accept it, but not until he's convinced he has no play at all.
Posted by PJinAtl
Atlanta
Member since Nov 2007
14716 posts
Posted on 12/12/13 at 9:04 am to
I wouldn't say he is "waiting to get fired" but he is probably trying to negotiate something. I would put it akin to the Tuberville situation at AU. It ended up being a mutual parting of ways (he at least got to say he resigned) but the school still gave him a nice exit package.

Probably what Mack is doing. They are giving him the chance to step aside somewhat gracefully, he is looking to get a nice severance package from them. If they try to low ball him, he digs in and makes them think he will fight it and try to get the full buyout. Texas doesn't want to pony up that kind of cash, so they will keep upping their offer until they reach a settlement point and then he can "resign/step down".
Posted by dante
Kingwood, TX
Member since Mar 2006
10669 posts
Posted on 12/12/13 at 9:13 am to
quote:

2.75MM if fired/quits. $5.5MM (appx) if he stays, hence he wants to keep working.
IF the same boosters are willing to assume $40 million in debt for Saban I can't imagine them not covering the "full" amount of Brown's contract if he "resigns".
Posted by OrangeBlood
Austin
Member since Sep 2005
802 posts
Posted on 12/12/13 at 9:23 am to
I would say that I am 100% sure Mack is getting forced out but that would discount Mack's wishy-washiness. And what I mean by that is for the last couple years, the man has vacillated between wanting to retire and "being reenergized" to keep coaching almost on a daily basis. But he's out.

His contractual buyout before 12/31/2014 is 2.75 mil. it doesn't matter if he's fired or resigns, he's going to get this and more...the "more" part maybe hinging on his willingness to play ball with the rest of the plans. And it's likely to be a substantial "more" - that's what most of the delay this week has been about, sorting that out before he announces. A lot of people will be watching the 10am presser with interest, I don't think it's 100% he announces but he very well may.
Posted by jb4
Member since Apr 2013
14045 posts
Posted on 12/12/13 at 9:30 am to
what leverage does mack have? AD just has to say mack your out and texas owes him 2.75M buyout. Mack doesn't like it since he makes 5.5M per year coaching but not much he can do since his agent didn't get a better buyout deal, see iowa.
This post was edited on 12/12/13 at 9:32 am
Posted by lsuroadie
South LA
Member since Oct 2007
8456 posts
Posted on 12/12/13 at 9:36 am to
Mack I don't think is too concerned about money. his wife makes more in a year than him and Saban combined. its about his legacy and his want to keep coaching.

it sucks the way it is going down but that's life.

to answer your question, the buyout ie getting rid of Mack is the least of UT's worries
Posted by OrangeBlood
Austin
Member since Sep 2005
802 posts
Posted on 12/12/13 at 9:36 am to
quote:

what leverage does mack have? AD just has to say mack your out and texas owes him 2.75M buyout. Mack doesn't like it since he makes 5.5M per year coaching but not much he can do since his agent didn't get a better buyout deal, see iowa.



Texas isn't Iowa - trust me, I wish Texas operated that way. I wish it was as easy as Steve Patterson telling Mack, you're fired, here's your buyout. But it's not - if you're an older Hog fan you probably have seen this play out before.

The thought process is that - especially in Mack's case - a "happy" Mack will bring in more donor money in the coming years than a "sad" Mack and the extra payment is worth it. Also it's paying for a problem to go away.

It doesn't make sense. trust me, I know.
Posted by LSUTIGER in TEXAS
Member since Jan 2008
13692 posts
Posted on 12/12/13 at 9:45 am to
quote:

his wife makes more in a year than him and Saban combined.
do explain
Posted by Politiceaux
Member since Feb 2009
17668 posts
Posted on 12/12/13 at 9:46 am to
quote:

Mack I don't think is too concerned about money. his wife makes more in a year than him and Saban combined.
Family money?
Posted by LSUTIGER in TEXAS
Member since Jan 2008
13692 posts
Posted on 12/12/13 at 9:50 am to
quote:

Mack I don't think is too concerned about money. his wife makes more in a year than him and Saban combined.
Family money?
said makes more not has more...
Posted by lsuroadie
South LA
Member since Oct 2007
8456 posts
Posted on 12/12/13 at 10:55 am to
quote:

do explain
Mack's wife is a real estate mogul, in NC and Austin. She brings in 5-15mm a year...reportedly.

they are not worried about where their next meal is coming from.
Posted by Brisket
Over dere
Member since Dec 2009
933 posts
Posted on 12/12/13 at 11:03 am to
quote:

Mack's wife is a real estate mogul, in NC and Austin. She brings in 5-15mm a year...reportedly.


Where can I get me one of those
Posted by bigpapamac
Mobile, AL
Member since Oct 2007
22610 posts
Posted on 12/12/13 at 11:04 am to
His buyout is actually really small either way considering how big his contract is.
Posted by Gradual_Stroke
Bee Cave, TX
Member since Oct 2012
20917 posts
Posted on 12/12/13 at 11:05 am to
It's quite the chodely buyout, actually. Especially for one of the winningest coaches in their school's history. They were an Arkansas-level brand before MackIII got there and Disney'd up the place.
Posted by tmc94
Member since Sep 2012
11559 posts
Posted on 12/12/13 at 11:24 am to
No, he won't resign simply because he wants to keep coaching. And he has a couple of heavyweights in his corner. If Powers gets ousted expect it to happen fast though.

The buyout is pretty meaningless to both sides. They'll want him to be part of their program and give him a services contract. Supposedly he's been offered the buyout plus $1.25m annually through 2020 to resign. His response:
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