18 million dollar buyout?

[weisbank4]

Is this true? Who wrote this contract? How could anybody have been this insane over a close loss to USC to do this?

 

[Big23Head]

It looks like yes...

 

[Ultimate Penn St. Hater]

Where did you get $18 million?

 

[Big23Head]

I found it two places

Irish need to speed it up if they want to replace Weis - NCAA Football - CBSSports.com

Hayes' Hot Seat: Heisman voters, ND administration and more - Matt Hayes - College Football - Sporting News

But ESPN and every other place I look around at has it much lower. I think the guy just subtracted the overall amount Weis should earn over the ten year contract from what he has earned. But I believe a buyout is based only on base salary so its a lot lower. However this article says $18 bottom line.

 

[Catsudon]

we didn't want him to go to the nfl after that winning season. so ....

 

[The Polish Irishman]

The $$$ does not matter to alumni. They have the money. The question is how does the season end.

 

[Big23Head]

One alumn was quoted in an ESPN article calling the buyout "pocket change"

 

[WeisWeisBaby]

That was me that said it... and I was kidding

 

[irishtrain]

I'll bet this is not accurate

I'll bet this is not accurate

I do not believe this amount of $$$$$ is accurate. Dont play the game with these nitwits

 

[Riddickulous]

The university would have absolutely no trouble paying that buyout.

With a massive corps of alumni who have, on average, a $121,000 salary per year, there would be no trouble.

 

[phork]

Or he could do the right thing and take the money he already has and resign.

 

[tko]

there are enough vbucks on this site to buy out Charlie 1000 times.

 

[dshans]

The university would have absolutely no trouble paying that buyout. With a massive corps of alumni who have, on average, a $121,000 salary per year, there would be no trouble.

Thanks, CtF, for reminding me just how much I'm dragging down the average. While there may be a cadre of well-heeled, football rabid alumni willing to pony up the big bucks to buy out the Weis Man, the decision is not theirs to make.

The football program is not autonomous and the desires/$$$'s of alumni not absolute. Both are important to the university and both are both are subject to decisions made by university's hierarchy. Yes, alumni are part of that hierarchy, but only one piece of the puzzle.

 

[dshans]

there are enough vbucks on this site to buy out Charlie 1000 times.

Inflation! Maybe it's time to float or devalue the vbuck.