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

Posted on 1/10/14 at 9:42 am to
Posted by funnystuff
Member since Nov 2012
8371 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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