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Posted on 3/19/19 at 11:28 am to Lester Earl
Please sweet baby Jesus let this be true!!!
Posted on 3/19/19 at 11:29 am to MOT
quote:
I assumed through June to coincide with the end of the fiscal year. But it still shouldn’t be close to 5 even if you assume it’s through July and they haven’t been paid this month.
My understanding is the current buyout reduces to $7.5MM on 02/28/20 (so $2.5MM over the next year) and then reduces at a rate of $250k/month for the remainder ($3MM/year). So, in theory, if he's fired after December of 2020, then his buyout would be ~$4.5MM, about the same as it was as of the end of this past football season. I'm honestly shocked the admin did what no one expected they would. I said back when they made the initial announcement they were negotiating an extension and raise that if the buyout remained about the same in two years that everyone should be ok with that. And I'm also shocked they were able to get away with only a $500k raise. Almost seems to me as if Orgeron didn't even try to put the screws to them given how it seems the athletic department generally always caved to demands in the past regardless of leverage.
This post was edited on 3/19/19 at 11:31 am
Posted on 3/19/19 at 11:29 am to GumboPot
Your son needs to reveal his sources
If he refuses, ground him
If he refuses, ground him
Posted on 3/19/19 at 11:29 am to Lester Earl
quote:
And I dont think the OLOL is settled enough for them to use that.
But a Yahoo Report, with a selective portion of a wire tap transcript is enough to fire a coach?
Posted on 3/19/19 at 11:31 am to GumboPot
Take away his phone if he is wrong
Posted on 3/19/19 at 11:32 am to GumboPot
quote:
My son is now texting me from high school that Alleva is out.
How does he know? Is he taking a shop class being taught by Alleva??
Posted on 3/19/19 at 11:32 am to Tigercowboy
quote:
But a Yahoo Report, with a selective portion of a wire tap transcript is enough to fire a coach?
the cause to fire Wade would come from multiple contract breaches, and nothing directly associated with the Yahoo report.
For the OLOL thing, Alleva would be more on the hook than FKing. That was an athletic department dealing.
This post was edited on 3/19/19 at 11:33 am
Posted on 3/19/19 at 11:33 am to Lester Earl
quote:
the cause to fire Wade would come from multiple contract breaches, and nothing directly associated with the Yahoo report.
Name one.
quote:
For the OLOL thing, Alleva would be more on the hook than FKing. That was an athletic department dealing.
No. It’s a financial issue. Something the president should definitely be aware of.
HE GONE!
This post was edited on 3/19/19 at 11:35 am
Posted on 3/19/19 at 11:34 am to BPTiger
quote:
I’m 50% certain that Dr X, Mack & The Shoe post here and are laughing their asses off.
Out yourselves Dr X, Mack & The Shoe.
I'm The Shoe
Posted on 3/19/19 at 11:35 am to Lester Earl
quote:
thats $5mil of contracts that must be paid out if both these guys are canned.
not if they are involved in things that are not in the interest of LSU
Posted on 3/19/19 at 11:39 am to J2thaROC
Posted on 3/19/19 at 11:41 am to Lester Earl
How did he violate any of that?
Give me specifics. You are making the claim. It’s up to you to prove it.
Give me specifics. You are making the claim. It’s up to you to prove it.
This post was edited on 3/19/19 at 11:42 am
Posted on 3/19/19 at 11:45 am to J2thaROC
quote:
Name one.
He's probably referring to the article released last week by Glen Guilbeau (
quote:
This basically means the university is following the procedures in Wade’s contract that are required for it to have the option of firing him for cause. The agreement says the school can fire Wade for cause for “unreasonably refusing or repeatedly failing to perform any duties … after written notice to coach of LSU's reasonable expectation.”
Wade also can be fired for cause for “knowingly committing material or repeated significant violations of any provision of this agreement,” provided that those initial violations are not resolved within 10 days of Wade being notified of the violations.
Key words in the above being "material or significant violations of any provision"
Would not meeting with administrators to discuss a non-active investigation be considered a material violation? That would be up to courts to decide. I don't think the LSU admin is or would be willing to take their chances on using only that as cause to fire Wade and not be absolutely certain they'd be able to escape his buyout.
The former talks about Wade failing to unreasonably perform his duties after written notice. We don't know he's received written notice, which is pretty important. It's also highly argumentative whether it is unreasonable that he hasn't met with Alleva, et al, given the circumstances, even if he did receive written notice. The last thing LSU wants to do is have a litigation that costs them a couple million dollars and risk losing.
So, while those provisions may very well be in his contract, it would be a stretch for LSU to use those as grounds for firing him at the present time. If he were totally uncooperative with an open NCAA investigation or was unwilling to discuss any conditions to meet with Alleva, then maybe. But one has to assume that his attorneys in New York wouldn't be advising him to act in a manner that could potentially cost him his job.
This post was edited on 3/19/19 at 12:09 pm
Posted on 3/19/19 at 11:45 am to Sir Fury
quote:
There’s also the new U-high debacle
U-High debacle? What the hell are you talking about? The fact that Saban and now Jimbo are buying U-High players?
Posted on 3/19/19 at 11:45 am to J2thaROC
If you would read it, you wouldnt have to ask me. It's 3 pages that are really spaced out. I think you can handle it. I believe in you.
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