re: Canada and Orgeron : The story

I lied. I'll give it a shot.

quote:

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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?

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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.