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Posted on 11/26/17 at 7:41 pm to Vandyrone
So how many former coaches is UT still paying??
Memorandum of Understanding(MOU) apparently signed by Schiano and UT. It will be argued whether this will be enforceable. “Parties often draft agreements with language that blurs the lines between a contract and an MOU. The key
is to focus on whether the parties intend to be legally bound by the terms of the agreement. Although what the parties call the written document may provide evidence of their intent, it does not determine the type of agreement the parties have created.”
Basically, Schiano hires good lawyers to he intended to be bound by the terms of the agreement and UT will have to pay. They might get away with not paying full buyout but they will pay. Schiano will probably remain the DC at OSU and get a “raise” for a day of BS.
Leave it to UT to make a terrible PR move and pay a guy that will never be a Head Coach again.
Memorandum of Understanding(MOU) apparently signed by Schiano and UT. It will be argued whether this will be enforceable. “Parties often draft agreements with language that blurs the lines between a contract and an MOU. The key
is to focus on whether the parties intend to be legally bound by the terms of the agreement. Although what the parties call the written document may provide evidence of their intent, it does not determine the type of agreement the parties have created.”
Basically, Schiano hires good lawyers to he intended to be bound by the terms of the agreement and UT will have to pay. They might get away with not paying full buyout but they will pay. Schiano will probably remain the DC at OSU and get a “raise” for a day of BS.
Leave it to UT to make a terrible PR move and pay a guy that will never be a Head Coach again.
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