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re: Texas A&M fans is real about Sumlin?
Posted on 7/12/16 at 4:59 pm to AU24
Posted on 7/12/16 at 4:59 pm to AU24
I hate to reply with a serious answer, but he signed a 6 year, 30 million dollar contract that began on Jan 1st, 2014. The 30 million is guaranteed. If we fire him without cause, it says we'll pay the full contract amount within some fairly short timeframe. But we'll be three years into that at the end of this season, so it would cost us 15 million to fire him, assuming it was without cause.
At least, that's how I understand things.
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At least, that's how I understand things.
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This post was edited on 7/12/16 at 5:06 pm
2
Posted on 7/12/16 at 5:24 pm to Hugh McElroy
quote:
so it would cost us 15 million to fire him
That's about the same amount that your athletics department owes to the academic administration for the bailout a few years ago (actually, two bailouts).
Bet they won't be happy if/when they buy out Sumlin and continue to stiff the administration.
But make no mistake, they want their frickin' money.
quote:
Now, while continuing to let the athletics department repay the loan at a rate of about $1.6 million a year, Toole said university officials have told the athletics department that it will be expected to begin sending additional money back to the school’s general fund.
LINK
Posted on 7/12/16 at 10:07 pm to Hugh McElroy
quote:
I hate to reply with a serious answer, but he signed a 6 year, 30 million dollar contract that began on Jan 1st, 2014. The 30 million is guaranteed. If we fire him without cause, it says we'll pay the full contract amount within some fairly short timeframe. But we'll be three years into that at the end of this season, so it would cost us 15 million to fire him, assuming it was without cause.
At least, that's how I understand things.
LINK /
That doesn't seem to make clear what qualifies as "without cause." Obviously infractions by the program could be considered "cause" -- they didn't really need to emphasize that point. But what if they fired him for, say, punching a yell leader or anally violating an Auburn fan? Those are both causes, for sure, but are they considered fire-able causes?
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