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Coach raise is an extension means he has a 9 year deal

Posted on 1/24/20 at 6:23 pm
Posted by DeafVallyBatnR
Member since Sep 2004
16798 posts
Posted on 1/24/20 at 6:23 pm
And 5.8 a year.

Am I wrong?

Well I know I'm wrong.

But is my math wrong?
Posted by Mickey Goldmill
Baton Rouge
Member since Mar 2010
22996 posts
Posted on 1/24/20 at 6:31 pm to
With a deal like this, it likely replaces his old contract.
Posted by xrockfordf150x
Walker, LA
Member since Sep 2008
3824 posts
Posted on 1/24/20 at 6:36 pm to
Extension usually means the terms of the previous contract have been extended to the new terms for the given price. So no you do not add the terms together.
Posted by GeorgeWest
Baton Rouge
Member since Nov 2013
13055 posts
Posted on 1/24/20 at 7:29 pm to
Isn't O's new guaranteed salary $6 mil a year and not $7mil a year? That &42 mil amount over 6 years is a maximum and not a minimum.
Posted by idlewatcher
County Jail
Member since Jan 2012
78817 posts
Posted on 1/24/20 at 9:56 pm to
Old contract voided. New contract signed which has updated terms, salary, bonuses etc.
Posted by MardiGrasCajun
Dirty Coast, MS
Member since Sep 2005
5344 posts
Posted on 1/24/20 at 11:56 pm to
quote:

Old contract voided. New contract signed which has updated terms, salary, bonuses etc.


Nah, current contract will be amended not voided. Sections (dates, base, incentives, etc.) of current contract changed to new terms. Sections such as sports camps, duties, termination clauses (and many others) will not change unless the change was negotiated. There is no voiding...only amendments or a termination of agreement. He's gone if the agreement is terminated by either party.
Posted by Negatiger1986
Inside the Leather
Member since Sep 2010
433 posts
Posted on 1/25/20 at 12:05 am to
For all intents and purposes, the new deal replaces the old one. You have added nothing to the discussion.
Posted by OKBoomerSooner
Member since Dec 2019
3122 posts
Posted on 1/25/20 at 12:15 am to
He’s using the correct legal nomenclature hoss just chill out fr 100
Posted by SportTiger1
Stonewall, LA
Member since Feb 2007
28499 posts
Posted on 1/25/20 at 12:49 am to
quote:

correct legal nomenclature

Is this necessary on a sports message board? The old contract is invalid for all intents and purposes. Call it what you will
Posted by AmazinGrace
LSU Fan, Georgetown Alumni
Member since Dec 2013
931 posts
Posted on 1/25/20 at 9:07 am to
Yes, O's average salary for the duration of this particular contract is now at 6 million per year when you add remaining money with new money.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62695 posts
Posted on 1/25/20 at 9:48 am to
It came out that the value of this deal is worth 42 million. If it replaces the current one, that means the value is spread over 8 years.

I'm not arguing one way or the other, just saying the right answer changes the annual amount.
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