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re: Alleva has a 2 million dollar buyout
Posted on 10/6/17 at 1:12 pm to CBandits82
Posted on 10/6/17 at 1:12 pm to CBandits82
quote:
Alleva has a 2 million dollar buyout
No he doesn't. Probably closer to $1,487,500 today. His base salary is $525,000 a year. His contract runs to July 2020. His termination without cause-liquidated damages is 100% of base salary for remaining contract term. So, from today, he'd have right at 34 months remaining at $43,750 per month.
1
Posted on 10/6/17 at 1:50 pm to MardiGrasCajun
Less an offset for money earned in the future. If he gets a mid major AD job at $200k a year for the next three years you're looking at under $1 million total for the buyout.
And it's paid over double the remaining time. If it's 34 months left then Alleva gets paid monthly for the next 68 months.
And it's paid over double the remaining time. If it's 34 months left then Alleva gets paid monthly for the next 68 months.
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