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re: Tim Brando and Miles' Buyout

Posted on 10/8/10 at 3:36 pm to
Posted by jlc05
Member since Nov 2005
32909 posts
Posted on 10/8/10 at 3:36 pm to
So what was Mentioned in the tb.com chat was correct
Posted by OldManRiver
Prairieville, LA
Member since Jan 2005
6925 posts
Posted on 10/8/10 at 3:38 pm to
quote:

So what was Mentioned in the tb.com chat was correct

If he has 4 years left on his deal, and BelowPar says 11.3 is the buyout, that's less than 4 X his yearly salary.

So I have no idea what the hell is going on
Posted by GIR
Member since Jan 2010
95 posts
Posted on 10/8/10 at 3:39 pm to
Somewhat. Lombardi signed Miles to a 7 year contract. How it was written was 5 years(max for state employee) with 2 automatic/guaranteed roll overs. After this season there will be 3 years served with 4 to go. The contract essentially wasn't rolled over the last two years except for automatic. If so there would be 7 years left currently.

4 x $3.751 = $15M
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