Buyouts

[Shaun1985]

Just wondering.....has buyouts always been a part of a coaches contract? I've watched football my whole life but never seen contract talk or details until I came here. I understand the purpose...it protects coaches and schools but it seems so pointless. If someone isn't getting the job done..your fired and shouldn't get money. If someone wants to leave and go to another school then let them. No point in someone being somewhere that doesn't please them.

Either way....
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[volfan414life]

i think that any coach who has a losing record isn,t deserving of a buyout.Fulmer was let go and he had a couple of bad seasons ,but his overall record was great so i wont complain. as far as Dooley getting a buyout he had a piss poor record,even though he brought in some descent talent he never won so he should have to pay UT his buyout and all of his assistants saleries

 

[VolMaster14]

With so many HC fired this season, they talked about this on CFL the other day. It happens everywhere. Just have to hope your AD can negotiate a buyout that isn't outrageous. Hammy had no clue how to do that.

 

[Shaun1985]

oh i understand there is massive screw ups by ad's. But i wonder how this worked in the past. Like Neyland, bear ect....is this something that evolved when the money starting rising for coaches? Seems odd that something could get so out of control. Just wondering
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[VolMaster14]

oh i understand there is massive screw ups by ad's. But i wonder how this worked in the past. Like Neyland, bear ect....is this something that evolved when the money starting rising for coaches? Seems odd that something could get so out of control. Just wondering
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Not sure but I would assume buyouts for coaches is a modern thing.

 

[VFLCodyGBO]

I'm not an attorney but why can't they put contract goals per season that determine eligibility of contractual but out. When X amount if game in this season Y amount in this, etc. if these goals are not met the university has no legal obligation to grant the coaches buy out.

 

[nikesportsfan]

I'm not an attorney but why can't they put contract goals per season that determine eligibility of contractual but out. When X amount if game in this season Y amount in this, etc. if these goals are not met the university has no legal obligation to grant the coaches buy out.

My guess is no coach/agent would agree to that. The majority of the time the coaches have the leverage when they are hired.

 

[knoxvols1]

Majors-$600,000 buyout Fulmer-$6,000,000. Did Petrino get a buyout! I know he broke his contract with what he did.
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[TennesseeOrange]

My guess is no coach/agent would agree to that. The majority of the time the coaches have the leverage when they are hired.

This. Having purely incentive based pay would not be a competitive hiring practice, unless every AD was doing it. Liquidated damages (buyouts) are widely used in contracts. It's much easier to set a figure in the negotiation and just pay it if you breach, instead of being sued for breach of contract and having to litigate.

Also, liquidated damages in coaching contracts are usually quite a bit less than the remaining contract. For example, we terminated Dooley's contract without cause and we're paying him $5 million, instead of either letting him perform his contract, or firing him and either paying him, or making him sue for the $6.5 million remaining on his deal (plus legal fees, etc.).