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Started By
Message
re: The buyout is just under $9.4 Million and decreasing daily...
Posted on 10/1/17 at 11:07 pm to cypressbrake3
Posted on 10/1/17 at 11:07 pm to cypressbrake3
quote:
Interesting, but I've read several times that his buyout reduces to 6 million on 1/1/19. That doesn't square with your 11/30/18 number of 5,291,677.
But I hope you're right.
It is kind of goofy but the $6 million number you read is correct for January 1, 2019. It would be a million dollars cheaper to fire him in 12/31/2018 than to fire him the following day. The difference is bc the buyout(termination) is reduced by 2.5 million bt 1/1/18 and 1/1/19 however he would make 3.5 million. So the buyout during the 2018 calendar year is reduced by his compensation earned YTD.
It looks like all the articles I've seen reference the advocate article from March which is why I searched for the actual contract.
This post was edited on 10/1/17 at 11:12 pm
2
Posted on 10/1/17 at 11:16 pm to notbilly
quote:
notbilly
Well done sir
Posted on 10/1/17 at 11:31 pm to notbilly
quote:
It would be a million dollars cheaper to fire him in 12/31/2018 than to fire him the following day.
I noticed that as well. Honestly this, without a shadow of a doubt, leads me to believe that O isn't getting past next November if he does in fact stay.
Say he shits it up next season, his buyout will only be $5,291,667 as mentioned on 12/1/18.
That is very interesting. Saving from $750,000 to $1 million by firing next season between 12/1/18 and 12/31/18 as opposed to 1/1/19 when it will be $6 million. That is light years better than getting this dude a 3rd year.
All of a sudden my excitement levels just went up again. That is not half bad. The sooner this happens, the better it is to start the rebuild. If O is canned on December 1st this year, his buyout will be $8,791,667. Much better than $12 million. I have no doubts we would pull the plug on that shite quick.
This post was edited on 10/1/17 at 11:58 pm
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