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What UGA will owe Richt, Schotty, Pruitt
Posted on 12/3/15 at 11:47 am
Posted on 12/3/15 at 11:47 am
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Richt will receive $4.1 million from UGA as a buyout through the terms of the contract he agreed to earlier this year, though he had yet to sign it. Georgia athletics director Greg McGarity has said that the school will honor the agreed contract.
The fact that Richt has taken the Miami job does not absolve UGA from paying the full buyout, according to a reading of his contract and verified by a source familiar with the situation. That’s because the decision was made by UGA to fire Richt, thus putting him on the market.
But the contracts for Pruitt and Schottenheimer offer a different reading, as they’re set up differently.
Georgia's offense is averaging nearly two touchdowns less this season than last under first-year offensive coordinator Brian Schottenheimer. AJC / JOSHUA L. JONES
Georgia offensive coordinator Brian Schottenheimer (still officially for now, at least.) AJC / JOSHUA L. JONES
Pruitt and Schottenheimer are each still under contract for two more seasons after this one. The buyout on each of their deals is the remaining salary, so in Pruitt’s case (his salary is $1.3 million) it would be approximately $2.6 million, and for Schottenheimer it would be approximately $1.9 million.
Neither is expected to be retained by incoming head coach Kirby Smart. (Though it has yet to be ruled out, as Smart has not said anything publicly yet.)
If either Pruitt or Schottenheimer accepts another job between now and when Smart takes over, then UGA is essentially in the clear on their buyouts. Again, that’s according to a reading of their contracts and a source familiar with the situation.
But if Pruitt or Schottenheimer has not accepted a job by the time they are officially not retained by Smart – in essence, fired – then they are owed their buyout.
However, unlike Richt, if either coordinator subsequently takes another job then whatever they are earning would be prorated out of what UGA owes them.
Put another way: The best-case scenario for UGA is both coordinators leave before the new staff is in place. The next best-case is they at least take jobs for next year at some point. The worst-case scenario is they sit out 2016 and simply collect their salaries from UGA.
This post was edited on 12/3/15 at 11:48 am
Posted on 12/3/15 at 11:59 am to Damn Good Dawg
quote:
Put another way: The best-case scenario for UGA is both coordinators leave before the new staff is in place. The next best-case is they at least take jobs for next year at some point. The worst-case scenario is they sit out 2016 and simply collect their salaries from UGA.
Pruitt will get another job in 10 seconds if he's let go, Schotty on the other hand...
Posted on 12/3/15 at 12:00 pm to Damn Good Dawg
That's some pretty nice severance pay for Richt considering he didn't sign his latest contract.
Posted on 12/3/15 at 1:38 pm to GurleyGirl
Leghumper. do you want to split the costs of these buyouts with me?
Posted on 12/3/15 at 1:51 pm to GurleyGirl
quote:
That's some pretty nice severance pay for Richt considering he didn't sign his latest contract.
Let's crawfish him.
Posted on 12/3/15 at 2:01 pm to Shawn Spencer
My Comparison to the situation with coaching right now......
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