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When it comes to buyouts, can a wealthy booster or alumni association contribute?
Posted on 11/25/20 at 11:28 am
Posted on 11/25/20 at 11:28 am
It seems like everyone is talking about how much money it would cost to buyout Pelini, but how does a buyout work exactly? I assume Pelini's contract is with LSU, but are there clauses that would allow for an "outside" party to step him and assist with the payout?
Posted on 11/25/20 at 11:40 am to Smell the crawfish
No, they money will be donated and earmarked for that exact buyout.
You have to take a couple of things into account.
#1) COVID has hit everyone. I wonder how many boosters are willing to fork up 4.6 million for Bo not to coach.
#2) We just went through this and paid Canada 1.5 million not to coach. I wonder how many times these boosters are going to be ok with stroking these checks for Ed’s frick ups.
#3) You have to pay the new guy on top of firing Bo.
#4) The athletic department is cut to the marrow. Layoffs everywhere combined with massive contracts for Linehanan, Orgeron and Pelini are crippling for the athletic department.
Orgeron needs to approach the board and take a 2-3 million dollar reduce over the life of his contract to fire Pelini.
Whether he does it or not is obviously up to him but Bo is on pace to have the worst defense in LSU history and maybe NCAA history.
If that happens again Orgeron is gonna be looking for a job himself and he’ll never get another level of job as LSU. Maybe ULL when Billy goes to USCe
You have to take a couple of things into account.
#1) COVID has hit everyone. I wonder how many boosters are willing to fork up 4.6 million for Bo not to coach.
#2) We just went through this and paid Canada 1.5 million not to coach. I wonder how many times these boosters are going to be ok with stroking these checks for Ed’s frick ups.
#3) You have to pay the new guy on top of firing Bo.
#4) The athletic department is cut to the marrow. Layoffs everywhere combined with massive contracts for Linehanan, Orgeron and Pelini are crippling for the athletic department.
Orgeron needs to approach the board and take a 2-3 million dollar reduce over the life of his contract to fire Pelini.
Whether he does it or not is obviously up to him but Bo is on pace to have the worst defense in LSU history and maybe NCAA history.
If that happens again Orgeron is gonna be looking for a job himself and he’ll never get another level of job as LSU. Maybe ULL when Billy goes to USCe
Posted on 11/25/20 at 11:42 am to Smell the crawfish
There ain't a whole lot of guys with millions of dollars who care enough to pay someone to walk.
Posted on 11/25/20 at 11:43 am to Smell the crawfish
Even if they raised 2x what they needed, LSU isn’t firing him, especially now with all this rape stuff going on
Posted on 11/25/20 at 12:14 pm to Smell the crawfish
They should take it out of O’s salary.
Posted on 11/25/20 at 12:15 pm to luciouslou
quote:
There ain't a whole lot of guys with millions of dollars who care enough to pay someone to walk.
Exactly. Unfortunately for O, he will have to go down with the ship when this defensive shite show inevitably happens again next year.
You can't just accept complete failure on the part of the defense. This is LSU.
Posted on 11/25/20 at 12:24 pm to Lester Earl
quote:Where do you see those 2 correlating? Honestly asking
Even if they raised 2x what they needed, LSU isn’t firing him, especially now with all this rape stuff going on
Posted on 11/25/20 at 12:33 pm to Solo Cam
It’s just a PR nightmare already
Imagine paying millions for a coach not to coach during these economic times. They’d catch so much shite. Why’s everything all about muh football
Imagine paying millions for a coach not to coach during these economic times. They’d catch so much shite. Why’s everything all about muh football
Posted on 11/25/20 at 12:35 pm to Lester Earl
That’s a good point.
I don’t see them doing it unless Bo agreed upon a reduced buyout to be paid in cash on the spot.
Woodward’s spending needs to be reigned in a bit. I understand getting your guy but these contracts are reckless
I don’t see them doing it unless Bo agreed upon a reduced buyout to be paid in cash on the spot.
Woodward’s spending needs to be reigned in a bit. I understand getting your guy but these contracts are reckless
Posted on 11/25/20 at 12:45 pm to Solo Cam
quote:
#2) We just went through this and paid Canada 1.5 million not to coach. I wonder how many times these boosters are going to be ok with stroking these checks for Ed’s frick ups.
that was alleva baw
Posted on 11/25/20 at 12:48 pm to LWG11
quote:It’s a different AD but the boosters are the same.
that was alleva baw
Alleva wasn’t the one who paid for that buyout. Boosters did.
Posted on 11/25/20 at 12:50 pm to LWG11
That was both Ed and Alleva.
Posted on 11/25/20 at 12:54 pm to Solo Cam
quote:
It’s a different AD but the boosters are the same. Alleva wasn’t the one who paid for that buyout. Boosters did.
youre missing my point. alleva said they had to get canada for Ed to get the job. Ed wasnt in a place to disagree (whether he would have or not, im not even saying he did disagree).
Posted on 11/25/20 at 12:55 pm to nitwit
quote:
That was both Ed and Alleva.
that is somewhat fair but more alleva than ed. ed wasnt in a place to disagree (again, not that he did or would have)
Posted on 11/25/20 at 1:24 pm to LWG11
quote:That’s completely wrong.
youre missing my point. alleva said they had to get canada for Ed to get the job. Ed wasnt in a place to disagree (whether he would have or not, im not even saying he did disagree).
Ed sold Alleva on Kiffin.
Lane told Joe if Ed got the job and Lane couldn’t get a head coaching job then he would leave Bama and come to LSU.
When that fell through it was Ed’s decision to go get Matt Canada. Not Joe Allevas
Joe stepped in, in the middle of the season and told Ed to keep his hands off the offense but Canada was 100% Ed’s hand picked hire
Posted on 11/25/20 at 4:27 pm to Solo Cam
I agree that O needs to pony up and put his money where his mouth is. He needs to...tell the truth.
Posted on 11/25/20 at 4:36 pm to Smell the crawfish
Some of you are way, way too free with other peoples' money. The big money boosters are likely fighting tooth and nail to hold their businesses together during the pandemic to be overly concerned with coming up with more millions to fire a football coach.
So here's a challenge for all of you baws and bawettes that have your pants on fie to dump Pelini.
YOU do it. You get all your fire eating friends and start a Go Fund Me account with the express purpose of firing Pelini. You seem to think that there is this huge ground swell of support for that move, so it should be a piece of cake.
In other words put up or shut up.
So here's a challenge for all of you baws and bawettes that have your pants on fie to dump Pelini.
YOU do it. You get all your fire eating friends and start a Go Fund Me account with the express purpose of firing Pelini. You seem to think that there is this huge ground swell of support for that move, so it should be a piece of cake.
In other words put up or shut up.
Posted on 11/25/20 at 4:39 pm to Gray Tiger
(no message)
This post was edited on 10/18/21 at 12:54 pm
Posted on 11/25/20 at 4:50 pm to Gray Tiger
Dude, why are you getting so upset? I was just trying to find out about the buyout process. Take a chill pill and relax!
Posted on 11/25/20 at 4:52 pm to Smell the crawfish
They can do that, but why would they want to do so. Orgeron needs to fix this problem.
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