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re: Cam Cameron gets paid $600k 1st yr $1.3M 2nd, $1.5M 3rd
Posted on 2/20/13 at 11:19 am to lsuhunt555
Posted on 2/20/13 at 11:19 am to lsuhunt555
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?
Lawyers. Aren't we grand?
This post was edited on 2/20/13 at 11:24 am
Posted on 2/20/13 at 11:24 am to nycajun
Well my guess as to why it says "initially" for this year would be incentive clauses.
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