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He doesn’t have anything to lose by working in a job he knows well to guarantee the full amount. I also don’t think that he will be offered the terms you’re describing. $300-$400K is one thing because that’s the real difference between what he’d get as position coach plus CU money and the settlement you’re describing ($750-$850K). The likely proposed discount of $2-3 million is significant enough (as is the acrimony) to prevent him from settling for a discount.
Payout could have been over length of contract. Time value of money.
No, you’re misunderstanding me. I understand you completely.
I don’t think it’s a given that Dorrell is going back to the NFL to coach in 2023. House is done in Boulder, he was going to retire anyways had RG not given him the job, and he certainly isn’t getting hired by the Broncos. He really going to live out of a suitcase for another year just to collect a few hundred thousand more after he is likely to collect $16-$17m over the past 3 years?
He was still working for the Dolphins and was going to return there as their WR coach absent the Colorado offer. The Boulder house was for an eventual retirement - not a retirement within the next few months.
The CU job paid about 12x what his Dolphins job did. He can definitely retire now if he wants to. It doesn’t seem difficult to put a few feelers out to NFL teams and not get hired. I also don’t think CU is going to spend any time/resources hounding him about finding a job just so they can save $500K over the next two years. I’m sure they would prefer to move on and not be reminded of their galactically stupid decision to hire him in the first place. CU’s best hope is that he agrees to a reduced buyout of $500K or so. Perhaps they can get another chunk shaved off by offering an immediate lump sum payment.
You don't think the last 3 years, including the bull**** he (and everyone) went through during COVID, as HC of Colorado may have worn him out? Would he still be the Dolphins WR coach today had RG never hired him? All I'm saying is he is now settled in Boulder, has received around $10m from CU and is in line to receive another $6-$8.7m, so I just don't think it's a given that he'll choose to leave his newly built home, his wife, and the possibility of retirement to go be a position coach for some NFL team.
Right, but it completely depends on whether he wants to collect the full amount by going back to being a WR coach in the league, or if he'd rather take the reduced lump sum and ride off into retirement with his unexpected lottery ticket that RG gave him 2.5 years ago.
You’re right: Rick George is still the AD. But I don’t envision any reduced buyout in that case!
Would he be the Dolphins WR coach without the CU job? Maybe not. Would he be an NFL WR coach today without the CU job? Definitely.
He knew that 2.5 years ago as well, up until RG came along. Sorry, I'm just not convinced a guy who thought he was going to ride out his lottery ticket in his retirement home is chomping at the bit to move to (insert random NFL city) to coach WRs for another year or two.
You can’t see why a guy would see the value in working two years in a job he’s mastered for $2mm+ in contract equity?!
That's not what I said. I said I don't think it's a given. Sometimes a guy who has made his money just wants to be done. His professional life came to a culmination when he signed the contract to become the CU HC and cashed his winning lottery ticket. Up to that point, he was going to work until his house in Boulder was finished, and then retire. These last 2.5 years couldn't have been pleasant for him, and maybe he just wants to take $6.5-$7m of his remaining $8.7m owed and retire.
Where are you getting $2mm+ contract equity? He would only make about $250K per year coaching receivers so CU’s offset is only about $500K. That is the extent of CU’s damages if they were to pursue this if KD didn’t get another job. I doubt they have the stomach for it, as I said in my earlier post.
I’m with Yak. I don’t see KD going back to the NFL. CU will have paid him the equivalent of 60 seasons with the Dolphins. This is also probably why CU thinks they won’t have to pay the full buyout. They know KD has no interest in moving again (and doesn’t need to) so it’s reasonable to think they’ll save a few bucks on the buyout (about $500K I would guess).
Follow the conversation. TScheck is saying that Dorrell will take a large ($2-3mm) cut in the guaranteed money owed to him by Colorado in order to receive an up front, lump sum payment. I am saying that he will not do that.
Dorrell seems like the guy who would do it. Time will tell
There is no chance that he gives up millions of dollars when the only thing he has to do is work a job he’s mastered. Dude is only 59.
Again, I never said anything about taking $2-$3m cut. In fact, I never actually said anything about him taking a cut at all. I simply said I don't think him returning to the NFL for another season or two is a given, based on the events of the last 2.5 years, him having his retirement home in Boulder finished and cashing the winning lottery ticket that was the CU HC gig.
