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re: If LSU beats Bama, will Coach O have earned his ginormous buyout?
Posted on 10/26/17 at 10:36 am to ForeverGator
Posted on 10/26/17 at 10:36 am to ForeverGator
his buy out is not "ginormous" or "ridiculous". it started at 12 mil. on goes down rather quickly every paycheck he receives. at the end of year 3 it is very low. now, unless he falls flat on his face he will be at LSU in year 3. sure, early on he looked like it might be a flop but he has turned things around.
all of this shitting on Orgeron is what's ridiculous. the guy deserves his shot and is certainly not even near the bottom of SEC coaches. since his USC experience, he has done quite well. he may not win a natty but he may also. miles was not getting it done any longer so we needed somebody else.
all of this shitting on Orgeron is what's ridiculous. the guy deserves his shot and is certainly not even near the bottom of SEC coaches. since his USC experience, he has done quite well. he may not win a natty but he may also. miles was not getting it done any longer so we needed somebody else.
Posted on 10/26/17 at 10:41 am to LSU GrandDad
To educate the people about Orgeron's contract/buyout:
$3.5M/year over 5 years = $17.5M total contract
Buyout was initially $12M, the time he signed the contract
After Year 1
Salary remaining = $14M
Buyout 1/1/18 = $8.5M
After Year 2
Salary remaining = $10.5M
Buyout 1/1/19 = $6M
After Year 3
Salary Remaining = $7M
Buyout 1/1/20 = $4.5M
After Year 4
Salary Remaining = $3.5M
Buyout 1/1/21 = $1M
$3.5M/year over 5 years = $17.5M total contract
Buyout was initially $12M, the time he signed the contract
After Year 1
Salary remaining = $14M
Buyout 1/1/18 = $8.5M
After Year 2
Salary remaining = $10.5M
Buyout 1/1/19 = $6M
After Year 3
Salary Remaining = $7M
Buyout 1/1/20 = $4.5M
After Year 4
Salary Remaining = $3.5M
Buyout 1/1/21 = $1M
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