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Possible explanation on McElwain’s buyout
Posted on 10/30/17 at 10:59 am
Posted on 10/30/17 at 10:59 am
quote:
McElwain’s ability to dispute Florida over the buyout is hindered because of his agent Jimmy Sexton’s ties with potential candidates. Sexton doesn’t want to battle Florida over collecting the entire $12.9 million buyout because he also represents Mississippi State’s Dan Mullen, a top candidate to replace McElwain, or could be involved in other future Florida hirings.
“Sexton won’t fight it because it’s not in his best long-term interest,” the source said.
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Posted on 10/30/17 at 10:59 am to rockiee
Doesn't Sexton have a fiduciary duty or some other legalese term to Butters
Posted on 10/30/17 at 11:00 am to rockiee
Even Sexton can't stand McElwain
Posted on 10/30/17 at 11:00 am to rockiee
quote:
“Sexton won’t fight it because it’s not in his best long-term interest,” the source said.
sounds like a terrible agent for McElwain then...and why would he fight it and not an attorney
Posted on 10/30/17 at 11:01 am to rockiee
The problem with this is that he still has a duty to serve his client. It's an interesting situation. He does have a duty to other clients, but these are unknown and not currently existing duties and he doesn't know which clients will Florida will be courting.
IMO, the explanation for the decreased buyout is because Florida has a case to fire McElwain for cause and to avoid the risk of McElwain getting no buyout, they agreed to a reduced buyout. This happens all the time actually.
IMO, the explanation for the decreased buyout is because Florida has a case to fire McElwain for cause and to avoid the risk of McElwain getting no buyout, they agreed to a reduced buyout. This happens all the time actually.
Posted on 10/30/17 at 11:02 am to rockiee
Jim's ability to dispute Florida is hindered because he lied.
And also fricked a fish. But mostly the lie.
And also fricked a fish. But mostly the lie.
Posted on 10/30/17 at 11:02 am to rockiee
quote:
McElwain’s ability to dispute Florida over the buyout is hindered because of his agent Jimmy Sexton’s ties with potential candidates. Sexton doesn’t want to battle Florida over collecting the entire $12.9 million buyout because he also represents Mississippi State’s Dan Mullen, a top candidate to replace McElwain, or could be involved in other future Florida hirings.
“Sexton won’t fight it because it’s not in his best long-term interest,” the source said.
Well, this would be what we call "illegal".
Posted on 10/30/17 at 11:03 am to Chimlim
I don't understand coaches or players who get agents. Hire an attorney to negotiate for you.
Posted on 10/30/17 at 11:04 am to rockiee
That's pretty dumb.
Posted on 10/30/17 at 11:05 am to rockiee
You dont think McElwain will fight it? Sexton isnt the end all to to conversation, he works for the coach, not the other way around
Posted on 10/30/17 at 11:06 am to kywildcatfanone
Lol a lawyer would cost twice as much
Posted on 10/30/17 at 11:06 am to rockiee
I just can't buy that. That's fiduciary malpractice if true, and at the very least would be a giant red flag to any client of his who isn't Nick Saban or Urban Meyer.
My guess is what lsufball19 said. McElwain's camp thinks Florida has a good chance of firing him with cause (or at least enough of a case that it will tarnish him going forward when it plays out in public). Florida feels good about what they have but isn't 100% sure it can fire him with cause and doesn't want a prolonged legal battle that drags them through the mud..............so both sides negotiate and get to a point where both walk away and move on.
Like lsufball said, that's how these things almost also work when the relationship is clearly over but both sides want to avoid something (generally involving public opinion/relations). When every email and detail is brought into light generally nobody wins.
My guess is what lsufball19 said. McElwain's camp thinks Florida has a good chance of firing him with cause (or at least enough of a case that it will tarnish him going forward when it plays out in public). Florida feels good about what they have but isn't 100% sure it can fire him with cause and doesn't want a prolonged legal battle that drags them through the mud..............so both sides negotiate and get to a point where both walk away and move on.
Like lsufball said, that's how these things almost also work when the relationship is clearly over but both sides want to avoid something (generally involving public opinion/relations). When every email and detail is brought into light generally nobody wins.
This post was edited on 10/30/17 at 11:10 am
Posted on 10/30/17 at 11:12 am to lsufball19
quote:
The problem with this is that he still has a duty to serve his client. It's an interesting situation. He does have a duty to other clients, but these are unknown and not currently existing duties and he doesn't know which clients will Florida will be courting.
100% agree and I also think there are more factors than just this. Sexton isn't dumb.
Posted on 10/30/17 at 11:14 am to NYCAuburn
quote:
You dont think McElwain will fight it?
If he doesn't then that is really telling on who had the leverage in the negotiations.
Just to be clear, I didn't post this because I thought it was the whole story. Just thought it was interesting that this was something that was floating around.
Posted on 10/30/17 at 11:15 am to kywildcatfanone
A lot of agents are also attorneys
Posted on 10/30/17 at 11:16 am to SummerOfGeorge
quote:
at the very least would be a giant red flag to any client of his who isn't Nick Saban or Urban Meyer
And Mullen if you believe this theory is the whole story.
Posted on 10/30/17 at 11:16 am to SummerOfGeorge
SummerofGeorge is right.
A former player said that there are several things Mac doesn't want to come out because he has screwed up in other ways as well before the lie about death threats.
A former player said that there are several things Mac doesn't want to come out because he has screwed up in other ways as well before the lie about death threats.
Posted on 10/30/17 at 11:16 am to AllbyMyRelf
quote:
A lot of agents are also attorneys
Wait, was this something that many didn't know?
Posted on 10/30/17 at 11:18 am to rockiee
Apparently I have no idea if Sexton is or not though
I have no idea if Sexton is or not thoughPosted on 10/30/17 at 11:18 am to AllbyMyRelf
quote:
A lot of agents are also attorneys
Most agents are. And their ethical obligations as attorneys aside, agents cannot act out of their own self interest for future clients at the expense of their current duties to their existing clients and regarding current duties with those clients. Sexton has been doing this a long time. he is not going to risk committing pretty serious offenses over one commission.
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