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re: Has a major program ever retained a coach with zero support because of the buyout cost?
Posted on 10/23/22 at 11:45 am to RazorBroncs
Posted on 10/23/22 at 11:45 am to RazorBroncs
quote:
Jimbo's contract does not have an offset clause like that, he is literally owed the full buyout no matter what. So he could get canned at A&M and retire, while still getting paid 25% of his full remaining contract within 60 days of his termination - then yearly payments up until 2030 or whenever his current contract expires.
Holy frick
What the hell was A&M thinking? Not a single lawyer or accountant stepped in and said "This is fricking insane, we're not doing this ".
Please tell me there's something in the fine print that allows for reducing the buyout obligation.
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