Personally, I don't think KD will take a discount to get his money up front. That's more likely (IMO) when a guy thinks he will get a job that will make up the difference.
Take Paul Chryst- I believe his terms were similar in that UW had until the end of his contract term - 2027- to finish paying him the $20M due. He took roughly $11M and will get paid by 2023. This also eliminates offset, so anything he gets paid from 2023 onwards is gravy. So long as he's paid more than $9M, he's going to come out ahead, and Wisconsin gets the assurance of knowing that they don't have to rely on him getting paid at least $9M over that timeframe to reduce the buyout down to $11M.
Specifically, consider a scenario where he makes $10M between 2023 and 2027. Without the buyout reduction, this offsets his UW buyout. UW pays him $10M, he collects $10M from his new job(s) and he gets $20M total. If he takes the lump sum up front, he gets $21M, $11M from UW and $10M from his new job(s)
With CU/Dorrel, the payscales for the type of position Dorrel is going to get are much smaller so I'm guessing, doing the same math, he'd take no more than a $250-500K reduction in the buyout.
That said- the CU HC job was an unforeseen windfall for Dorrel. Before CU, his plan likely was to keep working as an NFL WR coach, and potentially coordinate somewhere at the collegiate or NFL level and retire around 65-70. The CU job paid him more than he was planning to earn in those roles over that timeframe, so maybe this changes his plans. He could decline to negotiate a reduced buyout, but that forces his hand to go back to working as a coach immediately. I wonder how much appetite he has for that-everyone's been burned out by the pandemic and I am guessing he's no exception. I don't think it's a shoo-in that he wants to go right back to work.
Take Paul Chryst- I believe his terms were similar in that UW had until the end of his contract term - 2027- to finish paying him the $20M due. He took roughly $11M and will get paid by 2023. This also eliminates offset, so anything he gets paid from 2023 onwards is gravy. So long as he's paid more than $9M, he's going to come out ahead, and Wisconsin gets the assurance of knowing that they don't have to rely on him getting paid at least $9M over that timeframe to reduce the buyout down to $11M.
Specifically, consider a scenario where he makes $10M between 2023 and 2027. Without the buyout reduction, this offsets his UW buyout. UW pays him $10M, he collects $10M from his new job(s) and he gets $20M total. If he takes the lump sum up front, he gets $21M, $11M from UW and $10M from his new job(s)
With CU/Dorrel, the payscales for the type of position Dorrel is going to get are much smaller so I'm guessing, doing the same math, he'd take no more than a $250-500K reduction in the buyout.
That said- the CU HC job was an unforeseen windfall for Dorrel. Before CU, his plan likely was to keep working as an NFL WR coach, and potentially coordinate somewhere at the collegiate or NFL level and retire around 65-70. The CU job paid him more than he was planning to earn in those roles over that timeframe, so maybe this changes his plans. He could decline to negotiate a reduced buyout, but that forces his hand to go back to working as a coach immediately. I wonder how much appetite he has for that-everyone's been burned out by the pandemic and I am guessing he's no exception. I don't think it's a shoo-in that he wants to go right back to work.
I started spinning the carousel because it was something to do during bowl season since the Buffs were always at home watching TV, rather than practicing and playing.
