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re: Does CEO really have a 12 million buyout?

Posted on 9/18/17 at 8:08 pm to
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63895 posts
Posted on 9/18/17 at 8:08 pm to
quote:

How the frick does a 3 yr, $3.5m a year contract equate to a $12m buyout? We would pay him more if we fired him than if he actually coached all three years? Am I mistaken about his salary or what am I missing?


Yeah. That doesn't make sense. $12 mil would seem to equal the total amount of the 3-year contract. I wonder if that's where they're getting that number. Is the total contract guaranteed or something?
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