Buyout for D1 MBB Coaches

[ABC]

Dude. This is you. In the blue.

I think this .gif should be posted every once in a while in whatever thread. It is that good.

[SHOCKvalue]

Has it been mentioned already that figure is only if WSU wanted to fire Marshall? If he wanted to buy himself out for another job it is something relatively tiny like $500K.

[Shocker1976]

I’m just asking a technical fan forum question: when a person (using the term loosely) comes on and repeatedly spews hate for the subject team’s sitting coach, widely recognized as the best and most popular coach in program history, is that not sufficient to get the fool banned? I mean, it’s not a first amendment question, this is a private forum. We can make judgements subjectively about what is just a nuisance. Appeal to the moderators. I’d slingshot his a$$ yesterday! Not a slippery slope-this guy is just poison.

Dealing with facts been a problem for you your entire life?

[Shockm]

Has it been mentioned already that figure is only if WSU wanted to fire Marshall? If he wanted to buy himself out for another job it is something relatively tiny like $500K.

Where is your spreadsheet? I want to know the amounts it would cost for coaches at Kentucky, UCLA, Nebraska, Ohio State, etc. to buy themselves out. Also what it would take For John Wooden to buy himself out.

[JVShocker]

Dealing with facts been a problem for you your entire life?

[JVShocker]

[JVShocker]

[JVShocker]

[WstateU]

[Shocker1976]

Has it been mentioned already that figure is only if WSU wanted to fire Marshall? If he wanted to buy himself out for another job it is something relatively tiny like $500K.

Marshall can buy out his contract for $200,000 - relevant contract language follows

9.2 The parties agree that in the event Mr. Marshall terminates this Contract for Employment for any reason, Mr. Marshall will be obligated to pay ICAA, as liquidated damages and not as a penalty, the sum of FIVE HUNDRED THOUSAND AND NOIl.OO DOLLARS ($500,000.00); said amount to decrease to FOUR HUNDRED THOUSAND AND NOIl.OO DOLLARS ($400,000.00) as of June 1,2016; said amount to decrease to THREE HUNDRED THOUSAND AND NO/1.00 DOLLARS ($300,000.00) as of June 1,2017; and said amount to decrease to TWO HUNDRED THOUSAND AND NO/l.00 DOLLARS ($200,000.00) as of June 1,2018. Thereafter, the amount ofliquidated damages will remain at TWO HUNDRED THOUSAND AND NOIl.OO DOLLARS ($200,000.00) unless otherwise agreed to by the parties. Said liquidated damages are to be paid within thirty (30) calendar days ofMr. Marshall providing notice of his intention to terminate the Contract for Employment, said amount to be paid with a certified check from Mr. Marshall.

[Shocker1976]

Where is your spreadsheet? I want to know the amounts it would cost for coaches at Kentucky, UCLA, Nebraska, Ohio State, etc. to buy themselves out. Also what it would take For John Wooden to buy himself out.

Calipari does not have a buyout clause with UK; he has only to notify UK that he has been approached by another entity regards his terminating his life time (10 years really) contract with UK.

[SHOCKvalue]

Marshall can buy out his contract for $200,000 - relevant contract language follows

9.2 The parties agree that in the event Mr. Marshall terminates this Contract for Employment for any reason, Mr. Marshall will be obligated to pay ICAA, as liquidated damages and not as a penalty, the sum of FIVE HUNDRED THOUSAND AND NOIl.OO DOLLARS ($500,000.00); said amount to decrease to FOUR HUNDRED THOUSAND AND NOIl.OO DOLLARS ($400,000.00) as of June 1,2016; said amount to decrease to THREE HUNDRED THOUSAND AND NO/1.00 DOLLARS ($300,000.00) as of June 1,2017; and said amount to decrease to TWO HUNDRED THOUSAND AND NO/l.00 DOLLARS ($200,000.00) as of June 1,2018. Thereafter, the amount ofliquidated damages will remain at TWO HUNDRED THOUSAND AND NOIl.OO DOLLARS ($200,000.00) unless otherwise agreed to by the parties. Said liquidated damages are to be paid within thirty (30) calendar days ofMr. Marshall providing notice of his intention to terminate the Contract for Employment, said amount to be paid with a certified check from Mr. Marshall.

Thanks Siri!

[WstateU]

I think this .gif should be posted every once in a while in whatever thread. It is that good.

Agree, it's a HOF gif and my all-time favorite and it's not even close... I've posted it several times here and see something different each time.

[MelvinLoudermilk]

Marshall can buy out his contract for $200,000 - relevant contract language follows

9.2 The parties agree that in the event Mr. Marshall terminates this Contract for Employment for any reason, Mr. Marshall will be obligated to pay ICAA, as liquidated damages and not as a penalty, the sum of FIVE HUNDRED THOUSAND AND NOIl.OO DOLLARS ($500,000.00); said amount to decrease to FOUR HUNDRED THOUSAND AND NOIl.OO DOLLARS ($400,000.00) as of June 1,2016; said amount to decrease to THREE HUNDRED THOUSAND AND NO/1.00 DOLLARS ($300,000.00) as of June 1,2017; and said amount to decrease to TWO HUNDRED THOUSAND AND NO/l.00 DOLLARS ($200,000.00) as of June 1,2018. Thereafter, the amount ofliquidated damages will remain at TWO HUNDRED THOUSAND AND NOIl.OO DOLLARS ($200,000.00) unless otherwise agreed to by the parties. Said liquidated damages are to be paid within thirty (30) calendar days ofMr. Marshall providing notice of his intention to terminate the Contract for Employment, said amount to be paid with a certified check from Mr. Marshall.

Zzzzzzzz

[Rocky Mountain Shock]

Bob Richey's buyout has to be enormous. If not, Furman's AD is a complete idiot.