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re: Brian Kelly's LSU contract: Six-figure bonuses, two cars, $1.2 million house loan
Posted on 12/1/21 at 10:15 am to JColtF
Posted on 12/1/21 at 10:15 am to JColtF
quote:
Nonsense, we'll just have him arrested for something and fire him for cause
There's lots of trouble that can happen down on the bayou
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Posted on 12/1/21 at 10:15 am to SouthernInsanity
quote:
two car allowances worth $1,000 a month
Hell - Our PG has a better deal with Porsche in his NIL deal.
Posted on 12/1/21 at 10:15 am to texag7
quote:
Why would a person making $9 million per year take out a loan to buy a house?
Bidens america
Posted on 12/1/21 at 10:16 am to texag7
quote:
If I had the money duh. What’s the point in doing all the extra paperwork
You're clearly not part of the big money element of your fanbase.
Posted on 12/1/21 at 10:16 am to TigerLunatik
quote:
Why would a person making $9 million per year take out a loan to buy a house?
You can invest your money and draw interest while using someone else's money to buy your house interest free
Posted on 12/1/21 at 10:17 am to texag7
quote:
If I had the money duh. What’s the point in doing all the extra paperwork
Wow you just showed how stupid you are. For the 1000th time.
This post was edited on 12/1/21 at 10:18 am
Posted on 12/1/21 at 10:17 am to JColtF
quote:
Y'all marched into the casino and put the house on red.
Nonsense, we'll just have him arrested for something and fire him for cause
Yeah dude forgets this is Louisiana. Don't think Woody didn't make a call to Hillar Moore to keep his powder dry in case things don't work out
Posted on 12/1/21 at 10:19 am to CoachDon
quote:
two car allowances worth $1,000 a month
quote:
Hell - Our PG has a better deal with Porsche in his NIL deal.
Hell, he can't even buy a new f250 on that.
Posted on 12/1/21 at 10:24 am to deeprig9
quote:
Maybe I'm just stupid but I've never heard of a coach having to pay a buyout back to a school before. Is that really a thing?
It's pretty common. You just don't hear about it much because when a coach leaves on his own it's usually for another job, and that new job almost always pays that for them. There are very few times (I can't think of any off the top of my head) where a coach leaves and actually has to pay it himself.
USC for example reportedly has to pay OU $4.5 mil for Riley's buyout for leaving OU. I'm sure LSU has to pay ND something for Kelly, but ND is a private school so that doesn't have to be released.
Posted on 12/1/21 at 10:25 am to deeprig9
quote:
Maybe I'm just stupid but I've never heard of a coach having to pay a buyout back to a school before. Is that really a thing?
It's a throw in clause that means little. If Kelly leaves for another job that will be paid by the new school. In relative terms it's small potatoes and it fades away pretty quickly anyway.
This is definitely a bet the farm contract barring finding some way to fire him for cause. Problem is Kelly is about as straight laced as they come and he's old, not much chance he is going to be out pulling a Mike Price.
Posted on 12/1/21 at 10:27 am to TigerLunatik
What a shrewd negotiator Scott Woodward is!! Look at this guy go!! Putting on another masterclass in contract negotiations just like he did with Jimbo!!
Posted on 12/1/21 at 10:27 am to wadewilson
quote:
Hell, he can't even buy a new f250 on that
He can lease and ya get a better tax break especially if you incorporate...which he did at ND.
Posted on 12/1/21 at 10:30 am to TigerLunatik
quote:
If LSU fires Kelly without cause, the school will owe him 90% of his remaining salary. However, it will owe him his entire remaining salary and the prorated longevity bonus if LSU fires him without cause after Kelly has won a national championship. LSU won't have to pay Kelly if it fires him for cause.
This doesnt scream desperation at all. No sir, not a bit.
Posted on 12/1/21 at 10:33 am to Grateful Reb
quote:
What a shrewd negotiator Scott Woodward is!! Look at this guy go!! Putting on another masterclass in contract negotiations just like he did with Jimbo!!
It’s hard to negotiate when in both situations the coach had all the bargaining leverage because the programs were desperate for a decent coach.
Posted on 12/1/21 at 10:36 am to DownSouthJukin
quote:
Live look at Scott Woodward during contract negotiations:
Posted on 12/1/21 at 10:43 am to JColtF
quote:
You can invest your money and draw [img]interest[/img]
Who draws interest as an investment?
Lots of better places to park your money.
Posted on 12/1/21 at 10:44 am to texag7
quote:
Why would a person making $9 million per year take out a loan to buy a house?
WHy would he use his own money when he has a non interest loan?
Invest money and pay the loan off with the interest off investment and still make money..
This post was edited on 12/1/21 at 10:46 am
Posted on 12/1/21 at 10:47 am to texag7
quote:
If I had the money duh. What’s the point in doing all the extra paperwork
Bruh.
Posted on 12/1/21 at 10:48 am to TigerLunatik
These contracts are ridiculous. Next we will see AD's offering up their wife and daughters
Posted on 12/1/21 at 10:52 am to texag7
quote:
If I had the money duh. What’s the point in doing all the extra paperwork
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