Started By
Message
Who approves the Athletic Director buyout?
Posted on 9/20/16 at 4:00 pm
Posted on 9/20/16 at 4:00 pm
I didn't know Jay Jacobs has a buyout clause. How does it get approved?Anyone know more details about it?
4
Posted on 9/20/16 at 4:02 pm to Rhino5
also who approved Gus's additional $2M added to his buyout this year?
Posted on 9/20/16 at 4:08 pm to Rhino5
quote:
I didn't know Jay Jacobs has a buyout clause. How does it get approved?Anyone know more details about it?
He doesn't have a buyout, just a contractual obligation to pay him. If we fire him, we continue to pay him until the contract is over.
A buyout is like what we have for Gus, where he is paid a reduced sum if fired
Posted on 9/20/16 at 4:10 pm to GenesChin
quote:
He doesn't have a buyout, just a contractual obligation to pay him. If we fire him, we continue to pay him until the contract is over.
Ahhhh. Thanks.
Posted on 9/20/16 at 4:13 pm to Rhino5
Not sure about JJ's buyout, but Malzahns is in line with what other coaches get. Stupid yes, but all SEC schools have similar buyouts.
Posted on 9/20/16 at 4:17 pm to Rhino5
Doesn't really matter because Jacobs will retire if the powers that be want it that way.
At this point in time, he has it set up to retire in Auburn where he has been since he started school in the 80s. If he gets fired, that relationship with AU + community is shifted.
At this point in time, he has it set up to retire in Auburn where he has been since he started school in the 80s. If he gets fired, that relationship with AU + community is shifted.
Posted on 9/20/16 at 4:18 pm to allin2010
quote:
Stupid yes, but all SEC schools have similar buyouts.
We can literally thank Jacobs for starting that. His Chizik buyout became the norm
Posted on 9/20/16 at 4:26 pm to GenesChin
quote:
We can literally thank Jacobs for starting that. His Chizik buyout became the norm
Tubs had a buyout before that, 5.1 million...even Tiny Terry had a buyout...
Posted on 9/20/16 at 4:26 pm to GenesChin
I felt like last year there was some discussion about him retiring soon after working a certain number of years and therefore maximizing his state retirement benefit. Not sure if any of that was true.
Posted on 9/20/16 at 7:51 pm to GenesChin
quote:
he has it set up to retire in Auburn where he has been since he started school in the 80s
Never held a job outside of Lee County in his adult life. But there was one job for one year at the beginning of his career outside the Auburn city limits, so at least he tried to spread his wings.
Totes qualified to run a national multi-million dollar brand.
Posted on 9/20/16 at 8:56 pm to Rhino5
I wish I could have a buyout in my contract. I'd perform so shitty at this point
Posted on 9/20/16 at 9:52 pm to GenesChin
quote:
he has been since he started school in the 80s
Our AD has never worked outside of Lee County.
It is mind boggling.
Posted on 9/21/16 at 7:04 am to Rhino5
He'll quietly "retire" or take a lesser role in the athletic department to "concentrate on his personal/family life". Zero chance he is fired per se.
Posted on 9/21/16 at 7:53 am to AUbagman
It's insane that Auburn hasn't upgraded to a seasoned-national AD given the commercialization in college football.
Posted on 9/21/16 at 9:01 am to Rhino5
quote:
seasoned-national AD
lol... you guys are funny.
Who hires the AD? The GOBs do.
"WRONG! The President does!"
Who hires the President? The GOBs do.
"WRONG! The Board of Trustees hires the President!"
Who are the Board of Trustees almost entirely beholden to? The GOBs with the big pocket-books.
Its almost like some of you slept through your entire time at Auburn, living in a Pretend World of How You Think Things Should Be instead of the Real World of How Things Are.
Page 1 of 1
Latest Auburn News
Popular
Back to top
Follow SECRant for SEC Football News