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re: If LSU beats Bama, will Coach O have earned his ginormous buyout?
Posted on 10/26/17 at 10:41 am to LSU GrandDad
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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