Toggle sidebar

Contracts

Reply
L

locustwv

Redshirt
Aug 23, 2012
7,330
33
0
These crazy “hit the lottery contracts if I get fired “ are retarded. It would be hard to care if you knew you were gonna get 20 million dollars if you get canned.
 
WVUALLEN

WVUALLEN

All-American
Aug 4, 2009
72,653
5,448
113
It's like gambling your money and putting your house up as collateral. Shane rolled the dice and lost the house.

It's not Neal's fault they asked him to sign the deal.
 
O

op2

All-Conference
Mar 16, 2014
11,642
1,233
103
As I understand it, the buyout goes both ways, which means if NB was kicking butt at WVU and some other program hired him away, NB (or the program that hired him away) would have to pay WVU a big buyout.
 
D

deedoubleyou

Redshirt
Sep 9, 2018
3,791
1
38
If he had any dignity he would renegotiate the buyout and cut it in half, at least. He has set this program back, yet he was paid like the savior.
 
M

muthed

All-Conference
Aug 25, 2018
3,273
1,886
0
Op2 said:
As I understand it, the buyout goes both ways, which means if NB was kicking butt at WVU and some other program hired him away, NB (or the program that hired him away) would have to pay WVU a big buyout.
Click to expand...
Well, that ship has sunk.
 
B

Buckaineer

Freshman
Sep 3, 2001
7,294
59
0
Lol- Brown was losing when Lyons extended him. It was absurd to even do a buyout let alone pretend there was a benefit to WVU from it.
 
WVUALLEN

WVUALLEN

All-American
Aug 4, 2009
72,653
5,448
113
Op2 said:
As I understand it, the buyout goes both ways, which means if NB was kicking butt at WVU and some other program hired him away, NB (or the program that hired him away) would have to pay WVU a big buyout.
Click to expand...
Not as big as you think.
if Brown elects to leave on or before Dec. 31, 2024, he would owe WVU a liquidated damages payment equal to 25% of the remaining total salary figure.

A departure in the final two years of the contract (Jan. 1, 2025 – Dec. 31, 2026) would see him owing 12.5% of the total.

If he were to leave following the 2023 season, he would owe West Virginia $3.175 million, which is 25% of the remaining three years of the contract.

If the departure came on Jan. 10, 2025, he would owe $1.075 million to the school.

There’s also an interesting codicil to all of this. Brown’s buyout liability drops to 12.5% from now through the end of 2024 (from the base contract number of 25%) if both WVU President E. Gordon Gee and Director of Athletics Shane Lyons are not in their current positions at the time Brown elects to leave.

He must have hell of an agent.
 
G

GetYaNumbersUp

Redshirt
Mar 15, 2013
15,118
39
0
Shane Lyons should be shitcanned alongside Brown. If he’s allowed to select the next head coach we are in an even worse spot than we are now.
 
Top Bottom
Reply