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re: Coaches on the Hot Seat after Week 2
Posted on 9/8/19 at 2:17 am to rt3
Posted on 9/8/19 at 2:17 am to rt3
quote:
what's that buy out like?
quote:
If Florida State fires Taggart before his contract expires on Jan. 31, 2023, his buyout is 85 percent of the remaining balance. For example, for simplicity's sake, if the Seminoles fire Taggart on Feb. 1, 2020, after his second full season as head coach, they would owe him 85 percent of $20 million, or $17 million.
Feb. 1, 2020: $17 million
Feb. 1, 2021: $12.75 million
Feb. 1, 2022: $8.5 million
Feb. 1: 2023: $4.25 million
Also,
quote:
In early December 2017, days after eighth-year head coach Jimbo Fisher left for Texas A&M, Florida State swiped Taggart from Oregon. It was a pricey swipe. They paid Oregon $3 million for Taggart's buyout and about $1.4 million that Oregon previously owed Taggart's former employer, South Florida.
So by the end of this season, Florida State will have shelled out almost $15 million for 2 years of this shite
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