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re: Orgeron fights back against Louisiana Supreme Court ruling that he owes ex-wife $8 million
Posted on 7/12/25 at 5:42 pm to chRxis
Posted on 7/12/25 at 5:42 pm to chRxis
He wouldn’t have gotten that money if he quit, died, was fired for fault or took another job
so how was it earned before he was fired?
so how was it earned before he was fired?
0
Posted on 7/12/25 at 5:45 pm to WaterLink
quote:
If he had continued coaching she would get half of the salary per the terms of the contract.
I don’t believe that’s accurate, maybe others can confirm if that’s true or not.
He did indeed keep coaching LSU after the divorce, I doubt he was sending her half his paycheck after the divorce.
This post was edited on 7/12/25 at 5:45 pm
Posted on 7/12/25 at 6:58 pm to Volvagia
quote:
The divorce was finalized before he left LSU.
but not before he negotiated and finalized that buyout... thus, here we are...
Posted on 7/12/25 at 7:06 pm to timlan2057
quote:
How much did he pay in taxes, attorneys etc. from that buyout?
When they do the final calculation/accounting, she won’t get $8 million cash. The court/lawyers/CPAs will take into consideration the fact that she has to pay for her share of the taxes on the $16 million as well as whatever came out of it as attorneys cost and agent fees.
Posted on 7/12/25 at 7:09 pm to JPLSU1981
quote:
He did indeed keep coaching LSU after the divorce, I doubt he was sending her half his paycheck after the divorce.
that would have been dependent upon the judges ruling for alimony... that's a separate issue...
but as far as any money made or assets acquired by either spouse, during the time of the marriage, legally speaking, each party is entitled to half...
Posted on 7/12/25 at 7:13 pm to chRxis
quote:
quote:
The divorce was finalized before he left LSU.
but not before he negotiated and finalized that buyout... thus, here we are...
From what I understand, he not only negotiated it, but also signed a "Memorandum of Understanding" with the university before his divorce was finalized. That is where he f*cked up.
Women's rights groups have excoriated Miami Heat coach Eric Spoelstra for “cheating“ his wife out of millions of dollars because he didn’t sign his extension with the Heat until right after his divorce was finalized. As a result, his ex-wife wasn’t entitled to any future monies. However, he did it exactly how he should have. He was under no legal or moral obligation to structure his future contracts and compensation in a way that would benefit his future ex-wife.
This post was edited on 7/12/25 at 7:17 pm
Posted on 7/12/25 at 7:20 pm to MMauler
quote:
he not only negotiated it, but also signed a "Memorandum of Understanding" with the university before his divorce was finalized.
exactly... that new contract with the university, being he was still married at the time, became communal funds of the marriage, and subject to the 50/50 split...
hell, he could have negotiated it, and NOT signed it until after the divorce, knowing how much he was about to come into, and not owed her a dime...
Posted on 7/12/25 at 7:38 pm to chRxis
quote:
hell, he could have negotiated it, and NOT signed it until after the divorce, knowing how much he was about to come into, and not owed her a dime...
The timing is extremely important. I don’t know how the dates of his firing, his divorce being finalized, and the negotiation of the buyout happened. Perhaps LSU wanted to get it over with and wasn’t willing to wait. Often times, I believe these things are negotiated before the coach is even fired. So, perhaps there was nothing his lawyers could do with respect to the timing.
However, if LSU was in no hurry and his lawyer/agent knew that he was going through a divorce proceeding, he might have some sort of malpractice suit against his lawyers/agent for not advising him to wait until after the divorce before he signed anything relating to the buyout.
This post was edited on 7/12/25 at 7:39 pm
Posted on 7/12/25 at 8:48 pm to chRxis
quote:
but as far as any money made or assets acquired by either spouse, during the time of the marriage, legally speaking, each party is entitled to half...
Again, no. Anything earned after the termination of the community is not community property. The community was terminated in February 2020, nearly 18 months before he was fired and well before a single cent of the liquidated damages were earned. Just like every penny he earned coaching between February 2020 and October 2021 was not community property, either (even according to this opinion).
Posted on 7/12/25 at 8:48 pm to chRxis
quote:
but as far as any money made or assets acquired by either spouse, during the time of the marriage, legally speaking, each party is entitled to half...
Again, no. Anything earned after the termination of the community is not community property. The community was terminated in February 2020, nearly 18 months before he was fired and well before a single cent of the liquidated damages were earned. Just like every penny he earned coaching between February 2020 and October 2021 was not community property, either (even according to this opinion).
Posted on 7/12/25 at 8:48 pm to chRxis
quote:
but as far as any money made or assets acquired by either spouse, during the time of the marriage, legally speaking, each party is entitled to half...
Again, no. Anything earned after the termination of the community is not community property. The community was terminated in February 2020, nearly 18 months before he was fired and well before a single cent of the liquidated damages were earned. Just like every penny he earned coaching between February 2020 and October 2021 was not community property, either (even according to this opinion).
Posted on 7/12/25 at 9:29 pm to King Joey
Yeah the more I’ve thought about this today the more I’m on O’s side here.
The buyout is not some magical random prize number created out of thin air…. It’s merely a prepayment of future earnings under the contract had he continued to be employed. She was never entitled to those future earnings to begin with post-divorce. So she shouldn’t be entitled to the lump sum buyout prepayment of future earnings.
The only scenario I could see where I would feel she’d be entitled to it is if the initial divorce settlement/judgment awarded her part of the future earnings on the contract, which as I understand it did not.
Had he continued working for LSU, she would not have gotten any of his monthly income on the contract. So why should she get the same income when it becomes a lump sum as opposed to a monthly paycheck?
Seems to me the court may have gotten too hung up on the idea of the contract and buyout being an “asset” and not realizing all the buyout was effectively his regular earnings/regular paycheck paid out in advance.
The buyout is not some magical random prize number created out of thin air…. It’s merely a prepayment of future earnings under the contract had he continued to be employed. She was never entitled to those future earnings to begin with post-divorce. So she shouldn’t be entitled to the lump sum buyout prepayment of future earnings.
The only scenario I could see where I would feel she’d be entitled to it is if the initial divorce settlement/judgment awarded her part of the future earnings on the contract, which as I understand it did not.
Had he continued working for LSU, she would not have gotten any of his monthly income on the contract. So why should she get the same income when it becomes a lump sum as opposed to a monthly paycheck?
Seems to me the court may have gotten too hung up on the idea of the contract and buyout being an “asset” and not realizing all the buyout was effectively his regular earnings/regular paycheck paid out in advance.
This post was edited on 7/12/25 at 9:39 pm
Posted on 7/12/25 at 9:36 pm to chRxis
quote:
but I do know what the fricking law is in LA... anything that you earn during the time you are married is equally split 50/50... there's really not much more to it than that
This money wasn’t earned during their marriage.
Posted on 7/12/25 at 9:38 pm to Havoc
Do you critically think at all.
The comment was about his history…not just at LSU.
The comment was about his history…not just at LSU.
Posted on 7/13/25 at 1:17 am to chRxis
quote:
but as far as any money made or assets acquired by either spouse, during the time of the marriage, legally speaking, each party is entitled to half...
Again, no. Anything earned after the termination of the community is not community property. The community was terminated in February 2020, nearly 18 months before he was fired and well before a single cent of the liquidated damages were earned. Just like every penny he earned coaching between February 2020 and October 2021 was not community property, either (even according to this opinion).
Posted on 7/13/25 at 8:34 am to Major Dutch Schaefer
The insecure jerkoffs jealous that Ed O is more successful than them celebrating this are absolutely pathetic. Newsflash: Ed O works harder than you and he knows more about football than you do. Contrary to whatever delusions you’ve convinced yourself, you’re not better than him. Get over it and enjoy the best season in college football history
Posted on 7/13/25 at 10:30 am to Godfather1
quote:
Translation: “I’ve already blown through most of that $17 million.”
Dumb post.
Translation: “She’s a drug addict who sat on her arse. She didn’t earn any of that shite.”
And he’s right. She’s not entitled to a damn thing. She’s lucky to have been along for the ride and that he didn’t kick her to the curb earlier.
Too many female millionaires got there because they stole money from a hardworking man while not accomplishing a damn thing on their own.
Posted on 7/13/25 at 10:41 am to TN Tygah
Last I heard his appeal was denied so it's mute argument now unless he take it to USSC
Posted on 7/13/25 at 10:54 am to TN Tygah
quote:
Translation: “She’s a drug addict who sat on her arse. She didn’t earn any of that shite.”
And he’s right. She’s not entitled to a damn thing. She’s lucky to have been along for the ride and that he didn’t kick her to the curb earlier.
Too many female millionaires got there because they stole money from a hardworking man while not accomplishing a damn thing on their own.
Moot fricking point. Everything you say may be true, but it doesn’t matter. The La Supreme Court has spoken. And I’d bet he doesn’t have the money to pay her.
This post was edited on 7/13/25 at 10:56 am
Posted on 7/13/25 at 10:58 am to Godfather1
White boots mistake
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