Started By
Message
1
Posted on 11/30/20 at 8:31 am to CaptainBrannigan
Gustav’s deal went into effect on 1/1/18 and runs through 12/31/24. That’s 7 years.
To keep the math as simple as possible, lets assume he makes an even $7 million every season. That means at the end of this calendar year AU will have paid him 3 years ($21 million) and have him under contract for 4 more ($28 million).
His buyout is 75% of his remaining deal, so that means if we fire him as of 1/1/21 we would owe him $28 million X .75 = $21 million, of which $10.5 million would be due by 1/31/21, the rest paid in monthly installments over the remaining 4 years.
tl;dr its easy to spend other people’s money.
To keep the math as simple as possible, lets assume he makes an even $7 million every season. That means at the end of this calendar year AU will have paid him 3 years ($21 million) and have him under contract for 4 more ($28 million).
His buyout is 75% of his remaining deal, so that means if we fire him as of 1/1/21 we would owe him $28 million X .75 = $21 million, of which $10.5 million would be due by 1/31/21, the rest paid in monthly installments over the remaining 4 years.
tl;dr its easy to spend other people’s money.
Page 1 of 1
Latest Auburn News
Popular
Back to top
Follow SECRant for SEC Football News