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Line up for payments

Posted on 11/2/22 at 10:43 am
Posted by Fearless_and_True
Steel City
Member since Oct 2017
1465 posts
Posted on 11/2/22 at 10:43 am
I was pondering.. regarding football, who are we still on the hook paying out?

Does anyone have an itemized list subsidized with new employment?

My research came up empty
Posted by Leto II
Arrakis
Member since Dec 2018
21334 posts
Posted on 11/2/22 at 10:50 am to
I think we have a year or so of Gus to pay out and now Harsin and staff.

Chizik was paid off years ago. Don't let those chucklefricks on the rant tell you otherwise.
Posted by aubiecat
Alabama
Member since Jul 2011
4216 posts
Posted on 11/2/22 at 10:51 am to
Aren't we done with Gus?
Posted by FearlessFreep
Baja Alabama
Member since Nov 2009
17297 posts
Posted on 11/2/22 at 10:57 am to
I think we finished with Chiz in 2015 or so. We’re on the hook for Gustav for another two years I think.

Unlike with Gustav, Steele buyout has an offsetting clause. It is reduced by the $450k he’s making at the U and the $900k Tennessee paid him for two weeks work (which apparently consisted of showing up at the office a few times, then collecting his paycheck).

I’m pretty sure Steele will be paid off at the end of 2023.
Posted by SingleMalt1973
Member since Feb 2022
11936 posts
Posted on 11/2/22 at 10:57 am to
Those frickers owe me Three Fiddy
This post was edited on 11/2/22 at 10:58 am
Posted by Lee County Tiger
I Haz Sources
Member since Oct 2009
33354 posts
Posted on 11/2/22 at 10:59 am to
Real question: Are we still paying Steele since we also paid him 5 Mil to go away?
Posted by IAmNERD
Member since May 2017
19245 posts
Posted on 11/2/22 at 11:03 am to
Yeah we are done with Gus in 2024. His total buyout was just over $21MM. So a little over $10MM was paid when he was fired and he gets 4 installments of just over $2.5MM every January through '24.
Posted by jangalang
Member since Dec 2014
36541 posts
Posted on 11/2/22 at 11:04 am to
JGT confirmed Gus is already off the books
Posted by Luke
1113 Chartres Street, NOLA
Member since Nov 2004
13413 posts
Posted on 11/2/22 at 11:07 am to
We are
Posted by IAmNERD
Member since May 2017
19245 posts
Posted on 11/2/22 at 11:11 am to
quote:

JGT confirmed Gus is already off the books

Ahh. They must have paid it out early or negotiated it down because I just went back to look at the details and that's what came up.
Posted by mckibaj
Member since Nov 2010
7728 posts
Posted on 11/2/22 at 11:29 am to
Malzahn - $5.3 Mil left split between 2 more payments. 2023 and 2024.

Steele has been payed around $3 Mil. Not sure how much is left.

Chad Morris - I think it was a 1.4 mil buyout and should be payed now or will in the next couple of months. Maybe 100K left.

Harsin - $12-$15 Mil. Rumor is that a reduced buyout was agreed on. Half of which will be paid next month.
This post was edited on 11/2/22 at 12:17 pm
Posted by mckibaj
Member since Nov 2010
7728 posts
Posted on 11/2/22 at 11:40 am to
quote:

JGT confirmed Gus is already off the books


Looking at Open Auburn that doesn't add up.
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