Started By
Message

What UGA will owe Richt, Schotty, Pruitt

Posted on 12/3/15 at 11:47 am
Posted by Damn Good Dawg
Member since Feb 2011
47325 posts
Posted on 12/3/15 at 11:47 am
LINK

quote:

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 by Shawn Spencer
The Spirit World
Member since Nov 2011
1185 posts
Posted on 12/3/15 at 11:59 am to
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 by GurleyGirl
Georgia
Member since Nov 2015
13149 posts
Posted on 12/3/15 at 12:00 pm to
That's some pretty nice severance pay for Richt considering he didn't sign his latest contract.
Posted by CHD KNOWS ALL
Bozeman
Member since Oct 2015
140 posts
Posted on 12/3/15 at 1:38 pm to
Leghumper. do you want to split the costs of these buyouts with me?
Posted by DaveyDownerDawg
2021 NATIONAL CHAMPIONS
Member since Sep 2012
6619 posts
Posted on 12/3/15 at 1:51 pm to
quote:

That's some pretty nice severance pay for Richt considering he didn't sign his latest contract.


Let's crawfish him.
Posted by Sandwich
Georgia
Member since Sep 2012
5548 posts
Posted on 12/3/15 at 2:01 pm to
My Comparison to the situation with coaching right now......



first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow SECRant for SEC Football News
Follow us on Twitter and Facebook to get the latest updates on SEC Football and Recruiting.

FacebookTwitter