quote:
Sumlin’s buyout currently sits at $10.4 million, without an offset or stretch provision (meaning he would get it all in one lump sum within 60 days of his dismissal). The contract also has a separate agreement with #YESSIR, LLC, a company Sumlin is the President of. Sumlin’s contract states the school must pay #YESSIR, LLC corporate payments through December 2019.

What does this mean? Like this llc is what tamu is making the checks out to, and then buyout would too? So they pay his corporate taxes etc??

I'm not one to advocate for "govt intrusion," but sometimes it's needed. Maybe not the fed govt level, but the ncaa or at least the P5s need to agree to some limitations as things are getting out of control in these contracts. I get salaries, but things like this are a bit much. The ncaa or something needs to protect the chump ADs who have no corporate negotiation experience against some of the best agents in sports.

Education Admins vs slimy Agents...no wonder it's gotten bad. One would think a state school would have more oversight.

Craziness

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Posted by Allhands

Member since Jan 2012

407 posts

Posted on 11/5/17 at 5:38 pm to TOSOV

quote:
Now, $1.5 million of Sumlin’s annual compensation goes to the LLC, which has formally claimed ownership of the YESSIR! hashtag and granted the university the right to use it, as well as Sumlin's image, in ways including on merchandise.

USA Today