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re: Per Scona, Canada is indeed being forced out
Posted on 1/3/18 at 4:18 pm to BilJ
Posted on 1/3/18 at 4:18 pm to BilJ
The $3 million buyout is reduced by anything Canada earns in the future, or could earn with best efforts. And of course, it only happens if LSU out and out fires him.
If that happens LSU is going to decide that with best efforts, Canada could have gotten $800k a year or better at a new job.
More likely LSU will just Mexican standoff him and wait for him to quit on his own. That would trigger his own buyout of 15% to 40% of his remainder (depending on conference and distance of his new job) rather than an LSU payment to Canada. Either way there's little to no chance LSU pays him anywhere near a "$3 million buyout."
Canada Contract
If that happens LSU is going to decide that with best efforts, Canada could have gotten $800k a year or better at a new job.
More likely LSU will just Mexican standoff him and wait for him to quit on his own. That would trigger his own buyout of 15% to 40% of his remainder (depending on conference and distance of his new job) rather than an LSU payment to Canada. Either way there's little to no chance LSU pays him anywhere near a "$3 million buyout."
Canada Contract
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