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re: Has a major program ever retained a coach with zero support because of the buyout cost?
Posted on 10/23/22 at 11:19 am to deeprig9
Posted on 10/23/22 at 11:19 am to deeprig9
quote:
Buyouts are typically reduced by whatever that coach ends up making in their next job. So if your buyout is 10m a year for five years, and your next job is 4 m, then only 6m is owed. Also, there are clauses that require you to seek employment, you can't do what Ed O did, that was a special agreement and not typical.
Therefore, don't look at that buyout number for a coach as something you necessarily have to pay. Jimbo's could be different, I'm just commenting in general.
Generally speaking you are right. But Jimbo got the equivalent of Saban's unprecedented contract structure, with no buyout, no offsetting salary stipulations, etc. It's a pure X years with X money owed, period.
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