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re: More Details Emerging on O's buyout
Posted on 10/18/21 at 6:04 am to TeeteringBrink
Posted on 10/18/21 at 6:04 am to TeeteringBrink
What I quoted was from his termination agreement.
I'm not a lawyer, but that section states that LSU controls his name and media rights over the term of the agreement. He gets paid out over 4 years, so that appears to be the timeframe.
That is also the timeframe where Ed is contractually obligated to make an annual appearance on behalf of LSU, "somewhere".
It's an odd thing to include, I can't imagine that LSU will run ads with Orgeron after he's gone. I also can't see him speaking to booster conventions or press events (like Media Day etc).
But what it MIGHT do (and again, I'm no lawyer), is create a conflict of interest which prevents him from taking spots with other teams. I would assume Ole Miss (or another program) would want him severing ties with LSU prior to taking him on.
This (having no ties to another program) is probably what Saban invoked to fire Kiffin before the championship game. If Saban would do it to that important a position, at that pressing a time, regarding a program he will likely never face, you'd have to assume he wouldn't take on someone in a lesser spot who isn't free and clear.
It's probably a standard clause, and in Orgeron's case it would be a necessity. He can't help running his mouth, he did so at times in the termination press conference. You know if he showed up around LSU staff, he'd "talk football".
I'm not a lawyer, but that section states that LSU controls his name and media rights over the term of the agreement. He gets paid out over 4 years, so that appears to be the timeframe.
That is also the timeframe where Ed is contractually obligated to make an annual appearance on behalf of LSU, "somewhere".
It's an odd thing to include, I can't imagine that LSU will run ads with Orgeron after he's gone. I also can't see him speaking to booster conventions or press events (like Media Day etc).
But what it MIGHT do (and again, I'm no lawyer), is create a conflict of interest which prevents him from taking spots with other teams. I would assume Ole Miss (or another program) would want him severing ties with LSU prior to taking him on.
This (having no ties to another program) is probably what Saban invoked to fire Kiffin before the championship game. If Saban would do it to that important a position, at that pressing a time, regarding a program he will likely never face, you'd have to assume he wouldn't take on someone in a lesser spot who isn't free and clear.
It's probably a standard clause, and in Orgeron's case it would be a necessity. He can't help running his mouth, he did so at times in the termination press conference. You know if he showed up around LSU staff, he'd "talk football".
2
Posted on 10/18/21 at 6:13 am to Scoob
quote:
that section states that LSU controls his name and media rights over the term of the agreement. He gets paid out over 4 years, so that appears to be the timeframe.
No, the payments are over that timeframe. The term of the agreement is for the remainder of the football season.
Actually, I was wrong. The term is until 2025.
This post was edited on 10/18/21 at 7:19 am
Posted on 10/18/21 at 6:14 am to Scoob
See my other responses.
That clause wouldn’t prohibit other employment. It only gives LSU a non-exclusive right to use his name and likeness. The more specific non-compete clause would govern any other employment. Point me to a link of the separation agreement if you don’t mind.
That clause wouldn’t prohibit other employment. It only gives LSU a non-exclusive right to use his name and likeness. The more specific non-compete clause would govern any other employment. Point me to a link of the separation agreement if you don’t mind.
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