Ed Orgeron & wife Kelly divorcing

#2
#2
VolFaninFla said:
LSU football coach Ed Orgeron and his wife, Kelly, are divorcing

Divorce can be a very brutal experience to go through and probably more so during this Covid-19 outbreak.
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That’s terrible. You would think that this would be the high point of Coach O’s career and that it would be a time to celebrate all their achievements. I remember seeing them on Gameday and thinking that they seemed like a happy couple. I hope Coach O will be ok from a sobriety standpoint, I know he’s had his issues in the past.
 
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#7
#7
Well he got a big raise...so in essence, she did also.
 
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#9
#9
butchna said:
Well he got a big raise...so in essence, she did also.
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She won't get to enjoy that big raise though. Coach O's raise kicks in this year.
Roustabout said:
You mean the coach that rented apartments at the various jobs he bounced around at, while his family stayed in a different place? That guy is getting a divorce? Say it ain’t so.
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Yeah, remember reading that at the time and thought it was strange too.
 
#11
#11
butchna said:
Yeah...and when will the divorce be finalized?

Answer: As long as it takes.
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They'll have to agree on how to split up the marital assets, not Coach O's future income. It isn't like she's getting 50% of his post-divorce income. It was actually him, not her, that filed for divorce as well, so if he gets raked over the coals he kind of asked for it.

If she gets alimony or child support (think their kids might be old enough to where she wouldn't get any child support), that'll get determined on some past income level of his, probably from 2019 or 2018 since they filed for divorce in 2020.
 
#13
#13
05_never_again said:
They'll have to agree on how to split up the marital assets, not Coach O's future income. It isn't like she's getting 50% of his post-divorce income. It was actually him, not her, that filed for divorce as well, so if he gets raked over the coals he kind of asked for it.

If she gets alimony or child support (think their kids might be old enough to where she wouldn't get any child support), that'll get determined on some past income level of his, probably from 2019 or 2018 since they filed for divorce in 2020.
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It’s not “future” earnings when it’s already been agreed upon. He signed the contract? It’s on the table.
 
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#14
#14
RDU VOL#14 said:
That’s terrible. You would think that this would be the high point of Coach O’s career and that it would be a time to celebrate all their achievements. I remember seeing them on Gameday and thinking that they seemed like a happy couple. I hope Coach O will be ok from a sobriety standpoint, I know he’s had his issues in the past.
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Big difference sometimes between head coaching life and home life:rolleyes:
 
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#15
#15
butchna said:
It’s not “future” earnings when it’s already been agreed upon. He signed the contract? It’s on the table.
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Of course it's future earnings. That isn't money that has already been paid to him, sitting in a bank account.

Unless I'm missing something, his future salary is not an "asset" to be divided during a divorce proceeding. He could get fired. He could get incapacitated. A future salary isn't like a house or bank account.
 
#16
#16
05_never_again said:
Of course it's future earnings. That isn't money that has already been paid to him, sitting in a bank account.

Unless I'm missing something, his future salary is not an "asset" to be divided during a divorce proceeding. He could get fired. He could get incapacitated. A future salary isn't like a house or bank account.
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It’s already agreed that’s what his net worth will be. It’s like you win the lottery and wait til after your divorce is final to cash it? She still gets her part.
 
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#17
#17
05_never_again said:
Of course it's future earnings. That isn't money that has already been paid to him, sitting in a bank account.

Unless I'm missing something, his future salary is not an "asset" to be divided during a divorce proceeding. He could get fired. He could get incapacitated. A future salary isn't like a house or bank account.
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There’s guaranteed money involved. You’re missing that.
 
#18
#18
05_never_again said:
Of course it's future earnings. That isn't money that has already been paid to him, sitting in a bank account.

Unless I'm missing something, his future salary is not an "asset" to be divided during a divorce proceeding. He could get fired. He could get incapacitated. A future salary isn't like a house or bank account.
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I would think that anything that is guaranteed would be a divisible asset.
 
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#20
#20
05_never_again said:
Of course it's future earnings. That isn't money that has already been paid to him, sitting in a bank account.

Unless I'm missing something, his future salary is not an "asset" to be divided during a divorce proceeding. He could get fired. He could get incapacitated. A future salary isn't like a house or bank account.
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Every state has different laws. I went through a divorce in Indiana. At the time, I had stock options in my company that I could buy xx shares of my company’s stock in a future time window for certain price. Trust me, those were definitely ‘on the table’ in my divorce.
 
#21
#21
05_never_again said:
How is the contract guaranteed? I'm sure there are things he could do that are specified in that contract to where he wouldn't get the buyout.
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Not her problem. Bruce Pearl paid out of what his signed contract and then current net worth when he dumped his wife. She never had to work again.
 
#22
#22
OldandStillaVol said:
Every state has different laws. I went through a divorce in Indiana. At the time, I had stock options in my company that I could buy xx shares of my company’s stock in a future time window for certain price. Trust me, those were definitely ‘on the table’ in my divorce.
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Because stock options are financial assets. Even if the options expired worthless, they still would have had value at the time of the divorce.

A sheet of paper that essentially says "we'll pay you if you do this work for us" isn't exactly that.
 
#23
#23
butchna said:
Not her problem. Bruce Pearl paid out of what his signed contract and then current net worth when he dumped his wife. She never had to work again.
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Paid her out of money he'd already been paid, or money out of future earnings? When the divorce was settled, how'd he pay her with money he hadn't earned yet?
 
#24
#24
05_never_again said:
Because stock options are financial assets. Even if the options expired worthless, they still would have had value at the time of the divorce.

A sheet of paper that essentially says "we'll pay you if you do this work for us" isn't exactly that.
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I’m not a divorce lawyer so I can’t argue one way or another. I do know one thing. Sometimes its worth it to propose a settlement in a gray area in order to avoid a protracted legal battle.
 
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#25
#25
05_never_again said:
Paid her out of money he'd already been paid, or money out of future earnings? When the divorce was settled, how'd he pay her with money he hadn't earned yet?
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Paid out of what his then CURRENT CONTRACT called for. He signed another contract AFTER that divorce was finalized and that was free and clear...before he got fired for cause. Orgeron can’t claim this contract isn’t under his assets. No way that she doesn’t benefit from him waiting to file.
 
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