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Started By
Message
I don’t understand the buyouts
Posted on 1/10/21 at 10:03 am
Posted on 1/10/21 at 10:03 am
You didn’t do your job to the standard you were hired for. Shouldn’t there be some conditions you meet to receive the buyout rather than just existing?
15
Posted on 1/10/21 at 10:07 am to easy money
quote:
Shouldn’t there be some conditions you meet to receive the buyout
Yes, there was a contract.
Posted on 1/10/21 at 10:08 am to easy money
Well, Terry Bowden was being paid by Auburn for years after he moved on. Contract verbiage had LSZu by the “coin purse”.
Posted on 1/10/21 at 10:14 am to lsu711
Anything in the contract about performance, work ethic....I would imagine so.
Posted on 1/10/21 at 10:15 am to easy money
“I just needed more time”
^ that’s why you have a buyout clause. Time is money and we don’t want to wait
^ that’s why you have a buyout clause. Time is money and we don’t want to wait
This post was edited on 1/10/21 at 10:16 am
Posted on 1/10/21 at 10:18 am to 225Tyga
Google Bobby Bonilla if you want to see something about shitty contracts made.
Posted on 1/10/21 at 10:19 am to easy money
What’s the point of a buyout if you allow poor performance to be an out?
Posted on 1/10/21 at 10:38 am to SammyTiger
quote:
What’s the point of a buyout if you allow poor performance to be an out?
Not only that but poor performance is highly subjective. Where’s the line between poor and barely acceptable performance? How does talent, injuries, experience, and SOS factor in the equation? The line can’t be quantified and would be different every season.
Contacts with subjective language = lawsuits.
Posted on 1/10/21 at 10:39 am to easy money
It is in the contract.
Posted on 1/10/21 at 10:55 am to Im4datigers
Lmfao!!! Holy shite! Good on him. I have never heard of this guy until you. What a screw up by the Mets. How do u let a 5mil sit and gain interest for enough time to become 29mil.
Such a crazy senario for FBI and everyone to be involved to make that contract gain money like that lol
Such a crazy senario for FBI and everyone to be involved to make that contract gain money like that lol
Posted on 1/10/21 at 10:59 am to easy money
Pelini buyout was excessive and unwarranted
Posted on 1/10/21 at 11:23 am to lsusteve1
1. Contracts should be written as such to have certain performance levels reached for certain pay outs. As long as the coordinators meet expectations things are good. If they are exceeded there are bonuses, if the aren't met... well, there you go.
2. The HC that selects his assistants and coordinators, therefore the HC should be partially financially responsible. Just like when a HC gets bonuses based on the success of his coordinators when he wins the Div / Conf. / Bowl game / NC......He should be on the hook for the failure and ultimate firings.
2. The HC that selects his assistants and coordinators, therefore the HC should be partially financially responsible. Just like when a HC gets bonuses based on the success of his coordinators when he wins the Div / Conf. / Bowl game / NC......He should be on the hook for the failure and ultimate firings.
This post was edited on 1/10/21 at 9:21 pm
Posted on 1/10/21 at 11:25 am to The First Cut
Bottom 5 in the nation is pretty low.
Posted on 1/10/21 at 11:26 am to Im4datigers
Bobby Bonilla day is hilarious. Hell of a contract.
Posted on 1/10/21 at 11:26 am to lsusteve1
quote:
Pelini buyout was excessive and unwarranted
Bases on what? The two parties mentioned in the contract both agreed to it.
Posted on 1/10/21 at 11:27 am to oneg8rh8r
If you ever put those things in a contract, no coach would ever want to come to your school.
Posted on 1/10/21 at 11:28 am to easy money
quote:
I don’t understand the buyouts
We can tell you, but we can’t understand it for you.
Posted on 1/10/21 at 11:35 am to easy money
It is contract work. Anybody, not just coaches, that works under contract will be paid the full amount of the contract unless they are terminated with cause or there is a buyout clause in the contract. Not every contract has a buyout clause and they are for less than what the remaining amount is on the contract.
Posted on 1/10/21 at 11:38 am to oneg8rh8r
quote:
1. Contracts should be written as such to have certain performance levels reached for certain pay outs. As long as the coordinators meet expectations things are good. If they are exceeded there are bonuses, if the aren't met... well, there you go.
2. The HC that selects his assistants / coordinators should be partially financially responsible. Just like when a HC gets bonuses based on the success of his coordinators when he wins the Div / Conf. / Bowl game / NC......He should be on the hook for the failure and ultimate firings.
No agent of any coach worth a flip would agree to any of this. Those bonuses are all stated in the contract. They wouldn’t sign the contract if it forced them to pay for the buyouts of failed coaches.
Posted on 1/10/21 at 11:40 am to 225Tyga
Any experienced lawyer or coach knows that the success of the players coached by the coach/ client can be impacted by a lot of things beyond the control of the coach.
Here there was new coach, installing a new defense (4/3) without a full contingent of his own players. And there is COVID.
Coaches will all tell you they only need more time .
And any coordinator or arse't coach knows that his success can be hampered by the interference of a HC, by locker room issues caused by others (including the HC) or by the neglect of a HC (who, for example, might not have his head fully in the game b/c of a mid-life crisis).
Nobody is going to agree to forfeit a buyout in their contract b/c of these and other risks beyond the coach's control.
Here there was new coach, installing a new defense (4/3) without a full contingent of his own players. And there is COVID.
Coaches will all tell you they only need more time .
And any coordinator or arse't coach knows that his success can be hampered by the interference of a HC, by locker room issues caused by others (including the HC) or by the neglect of a HC (who, for example, might not have his head fully in the game b/c of a mid-life crisis).
Nobody is going to agree to forfeit a buyout in their contract b/c of these and other risks beyond the coach's control.
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