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About O’s buyout?

Posted on 10/13/21 at 9:06 am
Posted by tigerfan63
cenla.
Member since Aug 2006
1691 posts
Posted on 10/13/21 at 9:06 am
Taking selfies in bed with bimbos. Not a lawyer, but is that grounds for immediate termination ?
This post was edited on 10/14/21 at 2:06 pm
Posted by Gravitiger
Member since Jun 2011
12418 posts
Posted on 10/13/21 at 9:12 am to
Here is the relevant language, from Paragraph 11(A)(iii) of his contract:

Engaging in misconduct which either: (a) displays a continual, serious disrespect or continual, serious disregard for the mission of LSU; (b) brings Coach into substantial public disrepute sufficient to impair coach’s ability to perform the obligations contained herein without adverse impact to the Team or Program; or (c) constitutes moral turpitude or breaches the high moral and ethical standards applicable to Coach as a visible representative of LSU.
Posted by tigerfan63
cenla.
Member since Aug 2006
1691 posts
Posted on 10/13/21 at 9:16 am to
Seems he checks slk the boxes.
Posted by barry
Location, Location, Location
Member since Aug 2006
51395 posts
Posted on 10/13/21 at 9:18 am to
quote:

Not a lawyer, but is that grounds for immediate termination ?


Even if you fire him for cause, he can still cause a mess and file lawsuits and drag it out. Best case, we fire him for cause and negotiate a lower buyout.
Posted by Gravitiger
Member since Jun 2011
12418 posts
Posted on 10/13/21 at 9:19 am to
Not really. It's vague to the point of unenforceability.
This post was edited on 10/13/21 at 9:20 am
Posted by Gravitiger
Member since Jun 2011
12418 posts
Posted on 10/13/21 at 9:20 am to
quote:

Best case, we fire him without cause and negotiate a lower buyout.
FIFY
Posted by brett408
Member since Jan 2005
2426 posts
Posted on 10/13/21 at 9:20 am to
If the Buyout is in fact $21 million, it should be a non-factor in any decision that is made to remove Orgeron.

LSU will lose double that in revenue if this shite show continues. It would be best to hedge their bet and make the move as quickly as possible.
Posted by Gravitiger
Member since Jun 2011
12418 posts
Posted on 10/13/21 at 9:21 am to
quote:

If the Buyout is in fact $21 million, it should be a non-factor in any decision that is made to remove Orgeron.

LSU will lose double that in revenue if this shite show continues. It would be best to hedge their bet and make the move as quickly as possible.
Not even close. The vast majority of our athletics revenue is from guaranteed media contracts negotiated at the conference level. As long as we remain in the SEC, sports revenue is a non-issue. This is how Vandy and Mississippi State and South Carolina survive.
This post was edited on 10/13/21 at 10:14 am
Posted by brett408
Member since Jan 2005
2426 posts
Posted on 10/13/21 at 9:42 am to
What about attendance, apparel sales, bowl revenue, etc?

Contracts are one thing, but the lingering effects of shitty coaching will absolutely cost a shite ton of money.

Not to mention the fact that boosters will absolutely not be investing any money with the program at this point...
Posted by Gravitiger
Member since Jun 2011
12418 posts
Posted on 10/13/21 at 9:52 am to
quote:

What about attendance, apparel sales, bowl revenue, etc?

Contracts are one thing, but the lingering effects of shitty coaching will absolutely cost a shite ton of money.

Not to mention the fact that boosters will absolutely not be investing any money with the program at this point...
All secondary to media dollars.

Apparel sales are a blip on the financial radar. Attendance wise, people will still buy season tix and pay the mandatory minimum donation. In-stadium gameday sales of F&B barely break even.

Bowl money is shared with the conference and divvied up by even split. We actually make more money by not making a bowl, once you count the expenses and coaching bonuses.

Big money boosters will still give big money for access to the program, because it helps their other businesses. Big money boosters don't donate for on-field production. They donate to hobnob with the other big money people in the president's box.

LSU will not lose $42 million in revenue if Ed is not fired. That is what you claimed. It makes no sense.
This post was edited on 10/13/21 at 10:12 am
Posted by Epaminondas
The Boot
Member since Jul 2020
5902 posts
Posted on 10/13/21 at 9:55 am to
Firing "for cause" means that he's being fired for reasons other than being a shitty coach.

Look at it from the perspective of an impartial outside observer and not an LSU fan. LSU didn't fire Orgeron when all of this shite went down and when he wasn't too far removed from a Nat'l. Championship. But now that LSU's football performance is an absolute disaster, they're going to fire Orgeron for something other than sucking at coaching football?

This is not remotely believable.
Posted by Gravitiger
Member since Jun 2011
12418 posts
Posted on 10/13/21 at 9:58 am to
quote:

Firing "for cause" means that he's being fired for reasons other than being a shitty coach.

Look at it from the perspective of an impartial outside observer and not an LSU fan. LSU didn't fire Orgeron when all of this shite went down and when he wasn't too far removed from a Nat'l. Championship. But now that LSU's football performance is an absolute disaster, they're going to fire Orgeron for something other than sucking at coaching football?

This is not remotely believable.

I 100% agree. Why did you direct this response to me?
Posted by Epaminondas
The Boot
Member since Jul 2020
5902 posts
Posted on 10/13/21 at 10:01 am to
quote:

Best case, we fire him for cause and negotiate a lower buyout.
LSU will very soon be in the extremely competitive market for the small number of people who can command multi-million dollar salaries and massive buyouts.

Does LSU want to go into that market with its targets knowing that LSU just tried to frick its last coach out of his buyout?

Posted by Gravitiger
Member since Jun 2011
12418 posts
Posted on 10/13/21 at 10:03 am to
You vastly underestimate the number and quality of coaches who would give their left nut to coach at LSU, no matter how "badly" we treated O.
This post was edited on 10/13/21 at 10:04 am
Posted by Epaminondas
The Boot
Member since Jul 2020
5902 posts
Posted on 10/13/21 at 10:03 am to
Sorry bro. I didn't mean to imply that anything you said was wrong. I was trying to explain put the contract language you cited into context.
Posted by brett408
Member since Jan 2005
2426 posts
Posted on 10/13/21 at 11:02 am to
quote:

LSU will not lose $42 million in revenue if Ed is not fired. That is what you claimed. It makes no sense.


It all depends on how long this is allowed to go on. I assure you that the lost dollars for LSU football will greatly exceed $42 million.
Posted by Gravitiger
Member since Jun 2011
12418 posts
Posted on 10/13/21 at 7:49 pm to
quote:

I assure you that the lost dollars for LSU football will greatly exceed $42 million.
I assure you it will not.
Posted by brett408
Member since Jan 2005
2426 posts
Posted on 10/14/21 at 11:31 am to
quote:

I assure you it will not.


So you would agree then that Florida State has the same dollars flowing into the university and the football program that they did about 10 years ago.

College Football is a business. If an underperforming coach brought in tons of money and increased it every year, there would be absolutely no reason for their removal.

It is simple business. You must not be very familiar with how business works.
Posted by GetmorewithLes
UK Basketball Fan
Member since Jan 2011
22865 posts
Posted on 10/14/21 at 12:35 pm to
quote:

Engaging in misconduct which either: (a) displays a continual, serious disrespect or continual, serious disregard for the mission of LSU; (b) brings Coach into substantial public disrepute sufficient to impair coach’s ability to perform the obligations contained herein without adverse impact to the Team or Program; or (c) constitutes moral turpitude or breaches the high moral and ethical standards applicable to Coach as a visible representative of LSU.


This is the expectation clause. Now you need to go to the Termination for Cause section. Most is standard compliance language. The term for cause for behavioral issues however requires a specific process which may or may not have been put in process. The process has to be documented, timely, and progressive. The employer cannot stack up grievances and hit him all at once for a termination. They can go straight to termination if the offense is egregious enough. However if O has done something worthy of firing for cause and they dont execute it at the time then they are kinda proving the defendents cade that the issue was not serious...

They can fire him straight up for nothing but they will owe him the buyout in total.
This post was edited on 10/14/21 at 12:37 pm
Posted by Tiger1988
Houston
Member since May 2016
30693 posts
Posted on 10/14/21 at 1:45 pm to
quote:

Look at it from the perspective of an impartial outside observer and not an LSU fan. LSU didn't fire Orgeron when all of this shite went down and when he wasn't too far removed from a Nat'l. Championship. But now that LSU's football performance is an absolute disaster, they're going to fire Orgeron for something other than sucking at coaching football?

This is not remotely believable.

How the frick do you know what was said last year and this one with respect to his behavior AND more importantly where does it say it has to be immediate?

Get the frick out of here with your bull shite.

He will get a buy out to keep his fricking big arse mouth shut but it won’t be no 18 or whatever it presently is. Who fricking cares when it happens.
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