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Nate Oats contract. Bama BOT better hurry up and meet.

Posted on 4/8/24 at 3:04 pm
Posted by WildcatMike
Lexington, KY
Member since Dec 2005
41539 posts
Posted on 4/8/24 at 3:04 pm


Oh, buyout is only $10 million.

Matt Jones….

quote:

A listener made a Public Records request for Nate Oats contract today. The Board of Trustees has apparently not met yet and approved/signed it. BBN is insane
Posted by AHM21
Member since Feb 2008
24500 posts
Posted on 4/8/24 at 3:05 pm to
quote:

TUSCALOOSA, Ala. — Alabama head basketball coach Nate Oats had a new contract approved by the UA system Board of Trustees on Monday afternoon.

The contract, which extends Oats until the March 14, 2030, makes him one of the top-5 highest-paid coaches in college basketball, now with an annual salary of $5 million dollars the first year, and escalates to $7.55 million by the final year of his contract. His buyout was increased as well, and now sits at $18 million in the first two years.


LINK
Posted by dhuck20
SCLSU Fan
Member since Oct 2012
20336 posts
Posted on 4/8/24 at 3:08 pm to
“Approved by the board” doesn’t necessarily mean signed by the cognizant board member with the signing authority.
This post was edited on 4/8/24 at 3:09 pm
Posted by momentoftruth87
Member since Oct 2013
71421 posts
Posted on 4/8/24 at 3:08 pm to
Lulz at mildcats
Posted by Hback
Member since Aug 2017
9211 posts
Posted on 4/8/24 at 3:14 pm to
quote:

If Oats were to leave Alabama in the first two years of his contract, he would owe the school $18 million. After March 31, 2026, the buyout falls to $10 million for one year until March 31, 2027.


LINK

Posted by WildcatMike
Lexington, KY
Member since Dec 2005
41539 posts
Posted on 4/8/24 at 3:15 pm to
Lulz at you fools taking Cal. Thank you !
Posted by WildcatMike
Lexington, KY
Member since Dec 2005
41539 posts
Posted on 4/8/24 at 3:16 pm to
Chump change
Posted by Hback
Member since Aug 2017
9211 posts
Posted on 4/8/24 at 3:17 pm to
You lied.

Lulz.
This post was edited on 4/8/24 at 3:17 pm
Posted by Temple of the Dog
Member since Nov 2019
265 posts
Posted on 4/8/24 at 3:18 pm to
quote:

Chump change


It's odd to see a guy who basically called for Oats to be fired and sent to the gulag 12 months ago to now be advocating for his school to spend money on the biggest coach buying buyout in college athletics history on that same individual.
Posted by WG_Dawg
Hoover
Member since Jun 2004
86466 posts
Posted on 4/8/24 at 3:20 pm to
Maybe I'm just old school but is it crazy to me that these high 7 figure contracts are done via docusign? I figured that'd be something you'd wanna meet in person and put pen to paper for.
Posted by paperwasp
11x HRV tRant Poster of the Week
Member since Sep 2014
23097 posts
Posted on 4/8/24 at 3:23 pm to
quote:

It's odd to see a guy who basically called for Oats to be fired and sent to the gulag 12 months ago to now be advocating for his school to spend money on the biggest coach buying buyout in college athletics history on that same individual

Amazing what one guy can accomplish

Posted by 14&Counting
Eugene, OR
Member since Jul 2012
37612 posts
Posted on 4/8/24 at 3:24 pm to
quote:

Chump change


Kentucky can't afford to buy out Alabama.

This post was edited on 4/8/24 at 3:24 pm
Posted by asphinctersayswhat
Parts Unknown
Member since Nov 2011
3360 posts
Posted on 4/8/24 at 3:25 pm to
I would think you would be raising hell that your school is hiring a "murderer".
Posted by Pastor Mike
Florida
Member since Dec 2020
5115 posts
Posted on 4/8/24 at 3:33 pm to
What happened?? I woke up and learned that Kentucky was a stepping stone to the Arkansas job
Posted by Funky Tide 8
Tittleman's Crest
Member since Feb 2009
52684 posts
Posted on 4/8/24 at 3:44 pm to
quote:

It's odd to see a guy who basically called for Oats to be fired and sent to the gulag 12 months ago to now be advocating for his school to spend money on the biggest coach buying buyout in college athletics history on that same individual.




Posted by Nitro Express
Gulf Coast
Member since Jul 2018
16166 posts
Posted on 4/8/24 at 3:48 pm to
Watching Kentucky fans be desperate for Alabama's coach is fun.
Posted by solus
Member since Dec 2019
3253 posts
Posted on 4/8/24 at 3:49 pm to
quote:

odd to see a guy who basically called for Oats to be fired and sent to the gulag 12 months ago to now be advocating for his school to spend money on the biggest coach buying buyout in college athletics history on that same individual.



Damn. You took this man whole head off
Posted by PeleofAnalytics
Member since Jun 2021
2748 posts
Posted on 4/8/24 at 3:50 pm to
quote:

Maybe I'm just old school but is it crazy to me that these high 7 figure contracts are done via docusign? I figured that'd be something you'd wanna meet in person and put pen to paper for.


There are a ridiculous number of safeguards to make sure even minor contracts are not sketchy when you use e-signatures. Big time lawyers and IT firms have a lot of liability so they make sure every angle is considered.
Posted by Sl0thstronautEsq
Antarctica
Member since Aug 2018
9263 posts
Posted on 4/8/24 at 5:58 pm to


quote:

Have seen incorrect information floating around about Nate Oats’ latest contract at Alabama. It is signed by all parties and the Board of Trustees approved it in March





Nick Kelly Tweet
This post was edited on 4/8/24 at 6:00 pm
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119107 posts
Posted on 4/8/24 at 6:15 pm to
quote:

Matt Jones
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