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re: James Franklin’s contract is tied to $31 million Vanderbilt facility upgrades

Posted on 1/10/14 at 8:29 am to
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
101218 posts
Posted on 1/10/14 at 8:29 am to
Someone has posted this over on the Rant and the thought was that it may be only for a percentage. I'd think they'd have a hard time holding him accountable for >$30 million in upgrades.
Posted by rebeloke
Member since Nov 2012
16300 posts
Posted on 1/10/14 at 8:32 am to
Exactly.
Posted by funnystuff
Member since Nov 2012
8489 posts
Posted on 1/10/14 at 9:42 am to
quote:

If Franklin was to leave Vanderbilt, the team that brings him on board would be forced to pay off the remainder of the project
If we accept this report as true, then all we know is that the buyout is somewhere between $0 and $31mil. Anything else is speculation.

But if we are speculating, I would guess that Vandy never approves this project without substantial fundraising before ever getting started. So my guess is that PSU would be on the hook for no more than half of the value of the project.
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