The CU Board of Regents unanimously approves Deion "Coach Prime" Sanders' new contract extension with the #Buffs
Prime's Buyout Clause to leave:
$12,000,000, if terminated on or before December 31, 2025;
$10,000,000, if terminated on or before December 31, 2026;
$6,000,000, if terminated on or before December 31, 2027;
$4,000,000, if terminated on or before December 31, 2028;
$3,000,000, if terminated on or before December 31, 2029.
Those buyouts are not cumulative.So $35m over 5 years. The reason the other coaches have larger buyouts is because they are getting 10 year contracts. Extending Primes out another 5 and doubling that buyout to $70m is on par, but the state of CO doesn’t allow more than 5 year contracts, iirc
Where you get those numbers for Kirby? I see 5, 4, 3…Just did some spot checking and for comparison:
If Dabo was to leave this year for another coaching role, the buyout is $60 million.
If Kirby was to leave this year for another coaching role, the buyout is $118 million.
Prime’s buyout numbers are comically low for the 4th highest paid coach in the country. I’m sure part of that is at his request. But there are better ways to structure this than blanket buyout numbers.
E.g. 80% of remaining contract after year 1, 70% after year 2, etc. IF he takes another college coaching role.
Maybe lower numbers if he takes a pro role because I find that highly unlikely.
Even lower if he leaves coaching and wants to do something else, on his own accord.
CU buyout language strikes again. Hopefully, we don’t get bit in the ass this time.
Sounds like an out of body experience!Just saw a man fall to his knees in the middle of the B concourse at DIA. That man was me. This party weekend just got a whole lot partier, babyyyyyyy!![]()
Just did some spot checking and for comparison:
If Dabo was to leave this year for another coaching role, the buyout is $60 million.
If Kirby was to leave this year for another coaching role, the buyout is $118 million.
Prime’s buyout numbers are comically low for the 4th highest paid coach in the country. I’m sure part of that is at his request. But there are better ways to structure this than blanket buyout numbers.
E.g. 80% of remaining contract after year 1, 70% after year 2, etc. IF he takes another college coaching role.
Maybe lower numbers if he takes a pro role because I find that highly unlikely.
Even lower if he leaves coaching and wants to do something else, on his own accord.
CU buyout language strikes again. Hopefully, we don’t get bit in the ass this time.
That would be a Miami, I think. Maybe not if the re-posting is requested.Can someone post another screenshot of the liquidated damages clause?
From October, so yeah it probably dropped but I can’t imagine it was a massive drop. Still likely above $100 mmWhere you get those numbers for Kirby? I see 5, 4, 3…
If it was cumulative, I’d think it was fantastic. I don’t believe it isSo $35m over 5 years. The reason the other coaches have larger buyouts is because they are getting 10 year contracts. Extending Primes out another 5 and doubling that buyout to $70m is on par, but the state of CO doesn’t allow more than 5 year contracts, iirc
OK, this is the amount the school pays Kirb if they fire him. If another school hires Kirb, they owe UGA 5, 4 etc.From October, so yeah it probably dropped but I can’t imagine it was a massive drop. Still likely above $100 mm
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How much is Kirby Smart's buyout at Georgia?
Georgia Bulldogs head coach Kirby Smart has the largest buyout of any coach in college football at $118.1 million. Smart's buyout is over $48 million more than the next largest buyout (public schools only), which is the Alabama Crimson Tidugawire.usatoday.com
What makes you and hawg think that it isn’t?If it was cumulative, I’d think it was fantastic. I don’t believe it is
President Saliman gets it and it shows.Here’s the thing for me. First, Deion has obviously bought into CU, Boulder and Colorado. I think he loves it here.
Second, the University of Colorado has made a huge philosophical turn in their support of football. If Prime were to leave, they’re willingness to pay a top 10 salary will attract great candidates.
If these are cumulative they are the most massive handcuffs in the history of sport. And they are already 2X that of other coaches like Kirby Smart.I think that those values are cumulative.
If he got a new gig next year, it would be "on or before" December 31, 2026, 2027, 2028, and 2029.
Ya I suppose you're right.If these are cumulative they are the most massive handcuffs in the history of sport. And they are already 2X that of other coaches like Kirby Smart.