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Should Gus accept 2 million a year for the next 20 years
Posted on 10/18/18 at 10:42 am
Posted on 10/18/18 at 10:42 am
With no offset ? Than auburn can go hire a coach for 4 million a year and save 1 million for next season. Winning ?
Edit: I be not much of grammar student and this is just speculation
Edit: I be not much of grammar student and this is just speculation
This post was edited on 10/18/18 at 10:48 am
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Posted on 10/18/18 at 10:43 am to jb4
He'd be stupid not to.
Posted on 10/18/18 at 10:45 am to jb4
Then
Nope, he should take them for all of it now or however it's written in the contract and not a cent or timeline difference.
Nope, he should take them for all of it now or however it's written in the contract and not a cent or timeline difference.
Posted on 10/18/18 at 10:46 am to jb4
Has this actually been offered?
Posted on 10/18/18 at 10:46 am to jb4
He should take whatever he can. Boosters are apparently willing to go to court to adjust his buyout
Posted on 10/18/18 at 10:53 am to DyeHardDylan
quote:
He should take whatever he can. Boosters are apparently willing to go to court to adjust his buyout
Seriously?
"Your Honor! We offered Coach Malzahn $49 Million dollars with a full buyout, but we changed our mind, so we want you to change the terms we agreed to and offered, so we won't have to give him the money we offered him!"? Is that what they are wanting to do? that will go over really well with a judge.
Posted on 10/18/18 at 10:54 am to jb4
why do that when has a guaranteed $15m(?) coming his way shortly after his termination
Posted on 10/18/18 at 10:55 am to DawgsLife
It's 2018, any a-hole can throw a tantrum and win. Auburn could possibly get their way here...
Posted on 10/18/18 at 10:57 am to sand mountainDvalues
quote:
why do that when has a guaranteed $15m(?) coming his way shortly after his termination
He has a $31.2 mill buyout at the end of the season, and it is most likely subject to quite a bit of offset. Accepting $40 mill over 20 years and being able to take other coaching jobs without any offset would be very nice.
This post was edited on 10/18/18 at 10:58 am
Posted on 10/18/18 at 11:01 am to jb4
If he won't, I will
Posted on 10/18/18 at 11:06 am to momentoftruth87
quote:
It's 2018, any a-hole can throw a tantrum and win. Auburn could possibly get their way here...
Not when both parties voluntarily entered into a contract. One offered by the party trying to get out of it.
I can just about guarantee you the boosters know this and aren't seriously considering it. Most are businessmen and are familiar with contracts.
Posted on 10/18/18 at 11:12 am to jb4
This is very similar to how Auburn usually lets other coaches depart.
Posted on 10/18/18 at 11:13 am to FredBear
I'm hardly ever serious on here, and often I openly state that I'm being serious, but still being sarcastic.
This time I truly being serious. Auburn needs to understand the psyche of this guy. Gus does not just crave admiration from people. He thrives on it. He's truly a narcissist.
Thus, IMO he can be reasoned with to escape this thing for a negotiated buyout.
He loves being loved. It then serves to reason he hates being hated. He will not want to stay at Auburn with the pressure the aubies are giving him. It's not in his nature.
Look at his trolling of Arkansas last year on the job thing. Most of us didn't want him, but I still I believe he burned some bridges with some folks who did support him, just so he could walk away snickering a vindictive snicker, from some perceived slights a decade ago. That's a weird dude.
Look at him making Arkansas his Super Bowl the past few years. He planned all year for those 50 point wins, and he got them - congrats - through the motivation of his own gargantuan ego.
that's the sad psyche of this guy
Guarantee you all he wants out. Bet you all he's already broached the subject with Sexton "what kind of job could I get if I decided to negotiate out of the Auburn thing? To throw them a bone?"
He would love nothing more than to ease out the door and then create another Gus narrative about how he's been mistreated. If jobs opened by surprise like TCU or Okie State, he would crawl there to get out of what he's got now. He might even take Texas Tech or Kansas.
This time I truly being serious. Auburn needs to understand the psyche of this guy. Gus does not just crave admiration from people. He thrives on it. He's truly a narcissist.
Thus, IMO he can be reasoned with to escape this thing for a negotiated buyout.
He loves being loved. It then serves to reason he hates being hated. He will not want to stay at Auburn with the pressure the aubies are giving him. It's not in his nature.
Look at his trolling of Arkansas last year on the job thing. Most of us didn't want him, but I still I believe he burned some bridges with some folks who did support him, just so he could walk away snickering a vindictive snicker, from some perceived slights a decade ago. That's a weird dude.
Look at him making Arkansas his Super Bowl the past few years. He planned all year for those 50 point wins, and he got them - congrats - through the motivation of his own gargantuan ego.
that's the sad psyche of this guy
Guarantee you all he wants out. Bet you all he's already broached the subject with Sexton "what kind of job could I get if I decided to negotiate out of the Auburn thing? To throw them a bone?"
He would love nothing more than to ease out the door and then create another Gus narrative about how he's been mistreated. If jobs opened by surprise like TCU or Okie State, he would crawl there to get out of what he's got now. He might even take Texas Tech or Kansas.
This post was edited on 10/18/18 at 11:18 am
Posted on 10/18/18 at 11:14 am to DyeHardDylan
quote:
He should take whatever he can. Boosters are apparently willing to go to court to adjust his buyout
LOL. That's rich.
Unlike auburn after the judge laughs at them and throws out the case.
Posted on 10/18/18 at 11:16 am to Harry Rex Vonner
quote:
Look at him making Arkansas his Super Bowl the past few years. He planned all year for those 50 point wins, and he got them - congrats - through the motivation of his own gargantuan ego.
you had me up until this part HRV
Posted on 10/18/18 at 11:20 am to DyeHardDylan
quote:
He should take whatever he can. Boosters are apparently willing to go to court to adjust his buyout
What happened to the whole "the AD has the money ready and can afford it narrative?"
Looks like yall are working through the stages of grief and are now on the bargaining stage.
Posted on 10/18/18 at 11:21 am to Pettifogger
you of all people should know he runs the score up on weak opponents to pad his stat sheet
we were weak - no point in denying it
he scored until he could not score anymore, because of his ego
I'm not trolling, dummy
we were weak - no point in denying it
he scored until he could not score anymore, because of his ego
I'm not trolling, dummy
Posted on 10/18/18 at 11:24 am to jb4
Obviously none of the ones that think he should accept it understand TVM (time value of money) - at a conservative 4% return on investment the approx $16m he is due within a year of being terminated would be worth over $35 million in 20 years. Add the other $16m he is due in a few years with the interest it would earn at 4% and he would be trading ~60 million over the course of 20 years for 40 million.
*Edited to add: At a 6 percent annual return the inital 16m would be worth over $50m alone in 20 years). At an 8% annual return that figure jumps up to nearly $75m.
Now IF there was no offset penalty for accepting another job, it might make it at least intriguing for him if he is confident he can find another school foolish enough to pay him at least $20m in the next 5 years, but otherwise from a financial standpoint, it would be foolish.
*Edited to add: At a 6 percent annual return the inital 16m would be worth over $50m alone in 20 years). At an 8% annual return that figure jumps up to nearly $75m.
Now IF there was no offset penalty for accepting another job, it might make it at least intriguing for him if he is confident he can find another school foolish enough to pay him at least $20m in the next 5 years, but otherwise from a financial standpoint, it would be foolish.
This post was edited on 10/18/18 at 11:42 am
Posted on 10/18/18 at 11:25 am to jb4
You can always go the Mets / Bobby Bonilla route and negotiate to have Gus accept an annual $2.1MM payment for the next 20 years or so.
Posted on 10/18/18 at 11:27 am to Bankshot
quote:
You can always go the Mets / Bobby Bonilla route and negotiate to have Gus accept an annual $2.1MM payment for the next 20 years or so.
The Mets gave Bobby a 5.1% interest rate on his deferred salary. If Gus deferred the 32m buy-out over a 20 year period at 5.1% they would need to pay him annual payments of WELL OVER $2M (Actually over $2.5m). They would end up paying him over $55m for the buy-out including interest.
This post was edited on 10/18/18 at 12:12 pm
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