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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
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
68456 posts
Posted on 10/26/17 at 10:41 am to
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
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