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COACH PRIME SIGNS 5 YEAR EXTENSION
- Thread starter buff4bcs1985
- Start date
Also, RK says he has heard that a substantial NIL commitment was part of this process and multiple people “stepped up”.
LET GO OF HELL, BUFF FANS!
we’re gonna win.
we’re gonna win.
Pretty sure you’re confusing two things here. Clemson owes Dabo $60M if they terminate his contract, and Kirby is due his full contract ($118M) if he’s fired before 2026, then 85% after.
However, if Kirby terminates by resignation, it’s much lower. He holds a $5 million buyout for resignation through the end of the 2026 calendar year, and that figure drops by $1 million annually.
When it was originally agreed to, if Dabo left Clemson for another school, he would have had to pay Clemson $6 million, $5 million in 2023 and 2024, $4 million now in 2025, $3 million in 2026 and 2027, $2 million in 2028 and 2029 and $1 million in 2030.
There is no amount owed should Dabo leave Clemson at any point for the NFL.
So, relative to those other contracts this represents a commitment by Prime.
Edit: also, I should point out that the Dabo owes 150% if he leave for bama.
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It is kinda ridiculous that if coaches decide to leave for greener pastures themselves they in most cases have to pay what amounts to like one annual salary max but are OTOH entitled to most of the money remaining on their contracts if the school decides to fire them.
but then again i also think that buyouts for when the coach decides to leave are essentially just a number these days and it all does is safe you the time to negotiate the exit and what basically is a transfer fee. when i see that approx 80m didnt stop atm from firing jimbo i think that its also possible that someone would pay that kind of money to poach a guy from another school. the key is making sure your guy doesnt want to leave. if he wants to leave and has a market, he will leave regardless of the numbers in his contract.
but then again i also think that buyouts for when the coach decides to leave are essentially just a number these days and it all does is safe you the time to negotiate the exit and what basically is a transfer fee. when i see that approx 80m didnt stop atm from firing jimbo i think that its also possible that someone would pay that kind of money to poach a guy from another school. the key is making sure your guy doesnt want to leave. if he wants to leave and has a market, he will leave regardless of the numbers in his contract.
It’s like Groundhog Day with coaching contracts. Every time there is a new one, there is the inevitable confusion on the settlement for termination versus the buyout by coach if he chooses to depart for another job.
It only trails the “stars don’t matter” discussion.
It only trails the “stars don’t matter” discussion.
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Just the way it’s written. If it was cumulative, I would expect the preceding sentence to say something like (paraphrasing) “if Sanders chooses to leave before the end of the contract he would owe $X based on the number of years left including the amounts the would be owed in later years”
I stand corrected. And I’m happy to give RG credit on this one since it seems he has a salary in the top 5 of CFB but his buyout from CU’s perspective is actually ahead of his peers. Very cool.
Ringer
Well-Known Member
I'm back in my safe online space here, after just grinding uninformed haters with facts on national message boards. (The Athletic, ESPN, etc.) Most folks are supportive, but there is a significant minority which hates Deion no matter what. I likely did not change any opinions, but had had fun not doing it.
Ringer
Well-Known Member
I do specialize as an attorney in government contracts. This provision is fully enforceable.
A $118mm liquidated damages clause? Call me skeptical.
Ringer
Well-Known Member
The buyout is year-by-year, not cumulative. Do you really think that both CU's and Deion's attorneys are hacks, who would allow their clients to sign a public entity contract which contains a very important and highly negotiated term which is unenforceable?
hawg1
Well-Known Member
Revenue sharing is capped. NIL is still legal. Managed in-house now at most schools. Must reflect fair-market. Now monitored. Still key to program success.
Maybe go back and read a bit closer.
we are going big again. the pieces are coming together and it all has to center around a HC we believe can get it done. this.is.happening.
when dudes want to win more (Mac, GB, CP) than they want a ****ing pay check (skippy neu, midnight Mel) AND we put the pieces in place to make it happen, then GOOD THINGS will result.
when dudes want to win more (Mac, GB, CP) than they want a ****ing pay check (skippy neu, midnight Mel) AND we put the pieces in place to make it happen, then GOOD THINGS will result.
Maybe produce a screenshot of the liquidated damages clause.
Congrats to Coach Prime, well earned raise and time to go
I will give AD Rick George every prop for stepping up big time and leading the program forward
I owe him an apology for doubting his skills and abilities, but prior to Prime, he was not up to the task
Sko Buffs
I will give AD Rick George every prop for stepping up big time and leading the program forward
I owe him an apology for doubting his skills and abilities, but prior to Prime, he was not up to the task
Sko Buffs
Maybe I don’t like your snark sometimes. And maybe I wish you were a little less snarky. Sometimes. Maybe.
And maybe you could write a post longer than ten words, and more than one sentence.
Fair!
Any chance they could slip a mil or two over to Tad?
Investing in Prime, investing in the stadium, investing in the overall Colorado program is the best investment CU can make at all levels. Prime can now focus on winning the Big12 while we are still in the Big12, and we need to tell the B1G that we are ready for an invite. Not happy to hear that everyone thinks that North Carolina, Virginia, or others would be anywhere to as good a selection for the B1G. Colorado's resume now at this point is as good as anyone not except Notre Dame, period.