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re: Canada and Orgeron : The story
Posted on 1/10/18 at 12:31 pm to lagallifrey
Posted on 1/10/18 at 12:31 pm to lagallifrey
You can correct me if I'm wrong, but didn't every other coach have a deal where they got the full contract if they were not employed? This guarantees only that 1.7m correct?
2
Posted on 1/10/18 at 12:41 pm to BayouCowboy
quote:
You can correct me if I'm wrong, but didn't every other coach have a deal where they got the full contract if they were not employed? This guarantees only that 1.7m correct?
Canada did as well originally by report. He then agreed to a lesser amount that is guaranteed. He may end up making the same amount of money, or less, or more. He seems confident enough in himself to think he could make more, without the legal headaches of fighting LSU. So it worked out for him, about the same money with less headaches.
Posted on 1/10/18 at 12:52 pm to BayouCowboy
I lied. I'll give it a shot.
Matt Canada is owed $3.25 million dollars over the next 2 years by LSU. 2 possibilities:
Scenario A: Canada takes the $1.7 million guaranteed buyout and leaves. He finds another job this year making $800,000. After 2 years, he had made $3.3 million dollars.(1.7 million + 800,000 + 800,000)
Scenario B: Canada leaves being owed the full $3.25 million. Canada finds another job making $800,000. After 2 years, he has made $3.25 million.($800,000 + $800,000 + $1.65 million Lsu offset)
Scenario A yields $500,000 more than Scenario B. Which do you take?
The breakeven salary figure for Canada in $775,000. Anything more than that and he has made money with this decision. Anything less than that and he has lost money with this decision.
quote:
You can correct me if I'm wrong, but didn't every other coach have a deal where they got the full contract if they were not employed? This guarantees only that 1.7m correct?
Matt Canada is owed $3.25 million dollars over the next 2 years by LSU. 2 possibilities:
Scenario A: Canada takes the $1.7 million guaranteed buyout and leaves. He finds another job this year making $800,000. After 2 years, he had made $3.3 million dollars.(1.7 million + 800,000 + 800,000)
Scenario B: Canada leaves being owed the full $3.25 million. Canada finds another job making $800,000. After 2 years, he has made $3.25 million.($800,000 + $800,000 + $1.65 million Lsu offset)
Scenario A yields $500,000 more than Scenario B. Which do you take?
The breakeven salary figure for Canada in $775,000. Anything more than that and he has made money with this decision. Anything less than that and he has lost money with this decision.
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