Structure the buy-out as follows: If you leave before the end of your contract, your buy-out is the amount we have paid you on your contract, plus the amount we have paid the assistants that leave the program.

 

So, if the coach gets 7 Mil per year and the assistants 3.0 Mil, then the buy-out is 10 Mil for every year of the contract the coach fulfilled.

 

It won’t stop poaching, but it will make it hurt the suitor and benefit the jilted lover.
 

Steven, how do you balance this contractual burden enough on the coaches side to get anyone to sign on the dotted line?

 

Would the school agree to pay the coach and all assistants the remaining contract value for termination before the end of the contract?

 

A coach could get rich by not showing up?

it seems like it's a supply and demand problem right now, coaches and their agents are completely in control with schools throwing money at them hoping to find Nick Saban 2.0.

On 12/8/2021 at 3:04 PM, Duck1984 said:

Steven, how do you balance this contractual burden enough on the coaches side to get anyone to sign on the dotted line?

 

Would the school agree to pay the coach and all assistants the remaining contract value for termination before the end of the contract?

 

A coach could get rich by not showing up?

The coaches get their millions for coaching.  If they get fired "for cause" then end of story.  If they get fired for bad performance, then they are owed the balance of their contract mitigated by being re-employed.

On 12/8/2021 at 4:32 PM, Steven A said:

The coaches get their millions for coaching.  If they get fired "for cause" then end of story.  If they get fired for bad performance, then they are owed the balance of their contract mitigated by being re-employed.

The math doesn’t look good for either the coach or the school.

 

A coach signs a 5 year contract for $55 million, and doesn’t work out.  But he sticks around.  
 

The team loses games, recruits, donors, season ticket holders, bowl revenue, and fan support.  
 

School can’t get rid of the Coach without paying his ransom.

 

No deal.

Edited December 9, 20213 yr by Duck1984

On 12/8/2021 at 4:49 PM, Duck1984 said:

The math doesn’t look good for either the coach or the school.

 

A coach signs a 5 year contract for $55 million, and doesn’t work out.  But he sticks around.  
 

The team loses games, recruits, donors, season ticket holders, bowl revenue, and fan support.  
 

School can’t get rid of the Coach without paying his ransom.

 

No deal.

I think that is the current system.

On 12/8/2021 at 2:18 PM, Steven A said:

Structure the buy-out as follows: If you leave before the end of your contract, your buy-out is the amount we have paid you on your contract, plus the amount we have paid the assistants that leave the program.

 

So, if the coach gets 7 Mil per year and the assistants 3.0 Mil, then the buy-out is 10 Mil for every year of the contract the coach fulfilled.

 

It won’t stop poaching, but it will make it hurt the suitor and benefit the jilted lover.
 

It can't be deemed punitive. Penalties aren't enforced, damages can be.

 

Quantify the damages to the program, not just how much you paid, and you have a buyout worth more than the paper written it on.

 

I hope ours are tied to the damages, and it is water tight, as I don't trust the whatever that Duck looking mascot is. I suppose they first tried to take our mascot, now our coach?

On 12/8/2021 at 5:06 PM, Haywarduck said:

I suppose they first tried to take our mascot, now our coach?

 

 Not to worry, the Mascot doesn't measure up

 

                                                 

On 12/8/2021 at 5:15 PM, 30Duck said:

 

 Not to worry, the Mascot doesn't measure up

 

                                                 

Neither will their coach, thanks for the set up!

On 12/8/2021 at 5:03 PM, Steven A said:

I think that is the current system.

Teams and coaches negotiate contract buyouts at less than full contract value today.