GrossLInk to the contract, which goes through the 2024 season.He gets paid monthly until 12/31/2024.
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GrossLInk to the contract, which goes through the 2024 season.He gets paid monthly until 12/31/2024.
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Have you seen the comp of execs at non-profit hospitals?The crazy thing to me is that it's even allowed for non-profits to have this level of executive pay -- and to grant these golden parachutes on top of that compensation.
Clearly not.Have you seen the comp of execs at non-profit hospitals?
They make football coaches look like paupersClearly not.
FWIW, I think both of you are pricks.BTW, I will be a prick to you when you’re the one who is the prick first. Feel feel to ignore me. It’ll save you money.
The fast food industry probably isn’t the same small fraternity that coaching is. He may not want to burn bridges all over the place just to sit on his ass cashing checks.re: the discussion about KD taking a lower buy-out to avoid having to look for work over the next several years.
when i worked in fast food, I'd frequently see people applying for a job just to check the box for unemployment that they were looking, but had no sincere desire to get hired. they'd fill out an application and list work availability completely misaligned with the needs of a restaurant, show up disheveled for an interview, give answers that seemed deliberate to sabotage any forthcoming job offer, etc...
I don't think it would be a reach for KD to do something similar, (e.g. apply exclusively for HC roles at P5 schools or coordinator positions at blue blood schools that wouldn't touch him). he could check the box of "trying to find employment as a football coach" while continuing to get the full amount owed. I'm not seeing this issue being a motivation for him to settle in the least.
I guess I don't see it as burning bridges if he's just going through the motions of finding work without really wanting a job offer.The fast food industry probably isn’t the same small fraternity that coaching is. He may not want to burn bridges all over the place just to sit on his ass cashing checks.
The above is true no matter what since Dorrell will need to get a job to offset to amount paid by Colorado. Saying “less than $8.7 million” is unhelpful.Starting around 7:21, PD mentions that it will come exclusively from AD funds and not university, taxpayer, or tuition dollars. Also states that he's "confident that the final payout number will be less than the $8.7 Million"
But you're correct in that the true amount hasn't been discolsed.
More free market goodness!They make football coaches look like paupers
For actual professionals, what you describe is very damaging to their egos. Having to relive their failure over and over again would be somewhat crushing to their sense of self worth. Taking a lesser buyout to avoid the embarrassment of not being taken seriously as a legitimate candidate for positions in a field that you worked in your entire life would make some sense.I don't think it would be a reach for KD to do something similar, (e.g. apply exclusively for HC roles at P5 schools or coordinator positions at blue blood schools that wouldn't touch him).
People don’t like having their time wasted.I guess I don't see it as burning bridges if he's just going through the motions of finding work without really wanting a job offer.
Funny thing, I don't have a hard time seeing that at all.The fast food industry probably isn’t the same small fraternity that coaching is. He may not want to burn bridges all over the place just to sit on his ass cashing checks.
You don’t understand litigation. It’s all about putting forward the best facts. No lawyer is going to advise KD that a half-assed job search is a good idea. Instead, it would be a good reason to settle for a discount. As Manhattan has already said, KD’s leverage is to take an NFL assistant job for a couple hundred thousand per year.re: the discussion about KD taking a lower buy-out to avoid having to look for work over the next several years.
when i worked in fast food, I'd frequently see people applying for a job just to check the box for unemployment that they were looking, but had no sincere desire to get hired. they'd fill out an application and list work availability completely misaligned with the needs of a restaurant, show up disheveled for an interview, give answers that seemed deliberate to sabotage any forthcoming job offer, etc...
I don't think it would be a reach for KD to do something similar, (e.g. apply exclusively for HC roles at P5 schools or coordinator positions at blue blood schools that wouldn't touch him). he could check the box of "trying to find employment as a football coach" while continuing to get the full amount owed. I'm not seeing this issue being a motivation for him to settle in the least.
you're right in that I probably don't understand litigation, but more to the point of this discussion, I'm not understanding why litigation is much of a factor in this decision.You don’t understand litigation. It’s all about putting forward the best facts. No lawyer is going to advise KD that a half-assed job search is a good idea. Instead, it would be a good reason to settle for a discount. As Manhattan has already said, KD’s leverage is to take an NFL assistant job for a couple hundred thousand per year.
Yes, I linked to the contract in another thread . Not only is KD required to mediate his claim of damages, he has to bring a legal action if there’s no settlement. The contract requires that it be taken to court.you're right in that I probably don't understand litigation, but more to the point of this discussion, I'm not understanding why litigation is much of a factor in this decision.
if KD goes through the motions of looking for another job while formally "checking the boxes", does anyone think the CUAD is going to bother taking him to court over that?
Owed $20mm, settled on $11mm, university foundation loaning money to AD to pay immediately.I’d like to know the circumstances of Chryst’s reduced buyout at Wiscy.
Check his thread. It was broken down pretty wel there I believeI’d like to know the circumstances of Chryst’s reduced buyout at Wiscy.
Yep. Curious about why the substantial reduction. Can’t find anything.Owed $20mm, settled on $11mm, university foundation loaning money to AD to pay immediately.
Frees him up to look for a new Job.Yep. Curious about why the substantial reduction. Can’t find anything.
Yep. Curious about why the substantial reduction. Can’t find anything.
From #331 in this threadYep. Curious about why the substantial reduction. Can’t find anything.
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.
Hey! You stay focused. We have a football coach to hire.More free market goodness!
You’re the one talking about hospital admins…Hey! You stay focused. We have a football coach to hire.
I only said that because I think a typical hospital administrator would be a better football coach than FHCKD!You’re the one talking about hospital admins…
I only said that because I think a typical hospital administrator would be a better football coach than FHCKD!