Do any of you understand how contracts work??

Probably better than most.

If they agree to something great, but I feel like we’re gonna pay him a frick ton of money still.

I wish you would have posted this last week so I could have shared and discussed this with my family over Christmas dinner.

I'd say I have an above average understanding of contracts.

And truth be told, he could very well be paid his full buyout. It depends on the verbiage and how the contract is written.

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Do any of you understand how contracts work??

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Canada WILL NOT be payed his full buyout. He is not being terminated by LSU... It appears to be a mutual agreement that will modify the contract.

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If you were as knowledgeable about contracts as you purport to be, you'd know that without the instrument in front of you, there's no way to know what terms are written into the agreement.

Although I tend to agree with you that LSU has the money to snag a good OC, they could very well be on the hook for millions of dollars depending on the language of Canada's original agreement. Also, the last thing the administration or the AD want is a fresh round of protracted contract litigation (see Chavis).
So they'll likely be more inclined to shove cash at him if he makes a stink about it.

I think I have a good handle on how contracts work, too.
And the first thing required is to read the damn thing.
Secondly, there is no reason I have seen to expect that this will not cost LSU a lot of money to buy Canada out. His silence and patience, as well as his (apparent) willingness to stay on all suggest to me that he perceived no need to take any action to save his job.
You better believe that F. King and Alleva will watch closely how much this screw up costs LSU and it WILL have an impac
t on how much LSU pays a new OC.

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I think I have a good handle on how contracts work, too.
And the first thing required is to read the damn thing.
Secondly, there is no reason I have seen to expect that this will not cost LSU a lot of money to buy Canada out. His silence and patience, as well as his (apparent) willingness to stay on all suggest to me that he perceived no need to take any action to save his job.
You better believe that F. King and Alleva will watch closely how much this screw up costs LSU and it WILL have an impac
t on how much LSU pays a new OC.

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Agree with all of this.

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Yep. And as time goes by his leverage goes up. He can afford a dead year, LSU cannot. I suspect he’ll get almost full buyout to be mitigated by other earnings. Unlike Miles, he will take another job to keep his career moving. This will probably cost LSU a couple hundred thousand per year. That’s the difference between what we’re paying him and his market value.

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Maybe. There are certain incentives for him to modify his buyout though.

Agreed. Canada did his job just fine from the second half of the Troy game through the end of the year, and from what I hear, without a lot of conversation with O. So no reason he couldn't do the same for the 2018. For $1.5 million/yr, I could put up with a bunch of crap, innuendos, and dirty looks. Suspect Canada can also.

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Canada WILL NOT be payed his full buyout. He is not being terminated by LSU... It appears to be a mutual agreement that will modify the contract. So please stop saying LSU can't afford a top OC

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It hasn't even happened yet, you have no idea what is going to happen specifically.

Likely, they've already agreed to some number and I wouldn't be surprised if Canada has a line on a job already and LSU pays the difference, if any.

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if canada wants out im sure its a negotiated deal at maybe halve of the remaining contract to walk away, hell if "he" wants out it could just be a severance pay type thing at only 1/4 of the remaining contract amount. it "seems" by all accounts, its a mutual want that he wants to leave and LSU is ok with him leaving so i would be shocked if they had to pay him much to buy out his contract, but only time will tell.

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your title of "how contract's work" is a little deceiving. it's how contract terminations are done. every contract I've read, in the thousands, have termination provisions that cover the spectrum of why did it terminate. it's not like changing your damn cable company. BOTH parties have certain leverages. certainly, Canada will get some money but LSU will not end up on the hook for the entire amount; that would kill Canada's career. in all likelihood they will negotiate to buy his house, pay a severance and guarantee him a reduced paycheck offset by future earnings. in other words, they will make him whole. he has seen what LSU did with Chavis and he wants no part of that. he could end up spending hundreds of thousands in legal fees and smear his name at the same time. if he has any sense at all, he'll take a reasonable exit strategy and start looking for a new job.