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re: James Franklin’s contract is tied to $31 million Vanderbilt facility upgrades
Posted on 1/10/14 at 11:52 am to BluegrassBelle
Posted on 1/10/14 at 11:52 am to BluegrassBelle
quote:
But for the sake of entertaining it, do you honestly think it would hold up in court if Vandy saddled him with the full cost of an upgrade/facility? Especially if it's significantly more than his contract AND the cost of the facilities ended up being more than when he signed the contract? I just have a hard time seeing that hold up if it's challenged.
I don't think anyone thinks PSU would be on the hook for the full 31 million. The facilities upgrades that have occurred were guaranteed to Franklin by the school in the contract, so their value was at least somewhat set, likely with a maximum cost which could be taken into account for the contract. Also, David Williams is a reknowned authority on tax and sports law. Do you think someone like that writes up a contract that won't be upheld in court?
This post was edited on 1/10/14 at 11:53 am
Posted on 1/10/14 at 1:33 pm to DoreonthePlains
Article states that this came from somebody they spoke to in the Vandy athletic dept. I thought Vandy didn't have an athletic dept?
This post was edited on 1/10/14 at 1:35 pm
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