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According to an article posted on Death Valley Voice difference in CMM’s buyout is:
Posted on 2/9/25 at 7:53 am
Posted on 2/9/25 at 7:53 am
7.5 mil this year compared to 6.1 mil next year
Not a big difference if you buy him out this year compared to next
Not a big difference if you buy him out this year compared to next
This post was edited on 2/9/25 at 8:16 am
Posted on 2/9/25 at 7:55 am to saturncube21
If we don't have to pay his salary, it's a win
Posted on 2/9/25 at 7:59 am to saturncube21
Wow, didnt realize that was it, feels like an easy decision
Posted on 2/9/25 at 8:08 am to saturncube21
Maybe somebody can contact Shaq for some help. He said he wasn’t watching MBB because they were a bad team.
He probably has $7M laying around in his spare change dish. It’d be worth a call
He probably has $7M laying around in his spare change dish. It’d be worth a call
Posted on 2/9/25 at 8:11 am to LINOESC
quote:
He said he wasn’t watching MBB because they were a bad team.
This true?
Posted on 2/9/25 at 8:16 am to saturncube21
You realize it goes down because it is connected to his salary, right?
If he is working he is getting paid lol.
If he is working he is getting paid lol.
Posted on 2/9/25 at 8:23 am to saturncube21
We can't afford not to fire him.
He is burying this program.
He is burying this program.
Posted on 2/9/25 at 8:25 am to saturncube21
I wonder how they came up with those numbers. He has 4 years left on his contract after this season. He'll make $2.9m, $3m, $3.1m, and $3.2m over those 4 seasons for a total of $12.2m. LSU would owe him 80% of that total if they fire him after this season, which would be about $9.76m.
However, the buyout isn't due all at once. It's to be paid in monthly installments over the same time period that's left on his contract. So, 4 years, if fired after this season, which would make the annual buyout payments a little over $2.4m each.
Something to keep in mind, McMahon would be required to make a good-faith effort to find another coaching, executive or media job in college or pro basketball. And whatever he makes from that job would reduce by that much what LSU would owe him.
Because of that, the two parties could agree to a reduced lump sum settlement, which perhaps actually could come out to about $7m, if not less.
However, the buyout isn't due all at once. It's to be paid in monthly installments over the same time period that's left on his contract. So, 4 years, if fired after this season, which would make the annual buyout payments a little over $2.4m each.
Something to keep in mind, McMahon would be required to make a good-faith effort to find another coaching, executive or media job in college or pro basketball. And whatever he makes from that job would reduce by that much what LSU would owe him.
Because of that, the two parties could agree to a reduced lump sum settlement, which perhaps actually could come out to about $7m, if not less.
Posted on 2/9/25 at 8:40 am to TigerScribe
quote:
Because of that, the two parties could agree to a reduced lump sum settlement, which perhaps actually could come out to about $7m, if not less.
Sickening. We’re on the hook for his incompetence. Hopefully contracts start having performance guarantees built in especially for mid tier coaches.
Posted on 2/9/25 at 8:46 am to saturncube21
quote:
Google the article
Just did. I see now how the writer came up with his number. He said LSU would owe MM 50% of his remaining contract value. It's actually 80% per the buyout language in MM's contract (his contract is available online).
Regardless, I imagine the two sides could go for a negotiated reduced settlement, should MM be let go.
Posted on 2/9/25 at 8:49 am to saturncube21
why did you need to give this dude 7 years
Posted on 2/9/25 at 8:51 am to Draconian Sanctions
Didn’t. Woodward is a loon.
Posted on 2/9/25 at 8:51 am to TheosDeddy
quote:
This true?
He said he wasn’t watching MBB in general. This was last year when he said he was a fan of Angel Reese & follows WBB
Posted on 2/9/25 at 8:56 am to josh336
quote:
Wow, didnt realize that was it, feels like an easy decision
Likely would be without the $20+million coming out of the budget for revenue sharing beginning in 25-26 school year.
Posted on 2/9/25 at 9:03 am to Draconian Sanctions
It was the only way to convince a coach to come to a team that was facing NCAA sanctions and had zero scholarship players on the roster.
Woodward still needs to answer for these ridiculous contracts.
Woodward still needs to answer for these ridiculous contracts.
Posted on 2/9/25 at 10:20 am to saturncube21
Who would come in and make us a ‘blue blood’? I just don’t see much changing and as much as I enjoyed the excitement that WW brought, didn’t see it as sustainable here. Maybe I’m wrong.
Posted on 2/9/25 at 10:45 am to saturncube21
Not gonna happen so don't matter..
Posted on 2/9/25 at 11:06 am to saturncube21
McTrans is historically bad. Dude seems like a great person but that doesn’t win games. Cut ties and move on.
Hire tPear back…
Hire tPear back…
Posted on 2/9/25 at 11:09 am to saturncube21
It’s times like this when I realize I would hate to be a big money booster.
“We really appreciate you helping pay for some of the highest paid football, baseball, and women’s basketball staffs. We also appreciate all of the NIL money for recruits. Y’all got an extra $7.5 million to fire the basketball staff and hire a new one?”
“We really appreciate you helping pay for some of the highest paid football, baseball, and women’s basketball staffs. We also appreciate all of the NIL money for recruits. Y’all got an extra $7.5 million to fire the basketball staff and hire a new one?”
This post was edited on 2/9/25 at 11:09 am
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