Cost of coaching move?

[John Greene]

Getting rid of PP and GDL was necessary and in the long run will be less costly to the program than keeping them any longer. Never the less I am curious if anyone has an insight into how our coaches contracts are structured? I have been told by a friend in a legal practice that has a strong college sports base that their client contracts are written so that if a coach is fired in season he is due the remainder of his pay for that season. The buy out is then paid as a termination of future seasons obligations. So I wonder if this is costing 750K or 2-2.5M?

 

[mattp]

According to an article on USAToday, we paid $750k to buy out his contract
http://www.usatoday.com/story/sport...football-coach-paul-pasqualoni-fired/2895197/

 

[jho]

Don't forget to factor in the cost of empty seats for the next four home games if the change wasn't made immediately.

 

[John Greene]

According to an article on USAToday, we paid $750k to buy out his contract
http://www.usatoday.com/story/sports/ncaaf/aac/2013/09/30/uconn-football-coach-paul-pasqualoni-fired/2895197/[/quote]

Thanks, but not sure it answers my question. As I said earlier what ever it is it is probably worth the price, but if it covers every thing then PP must have had bad advice since it will end up costing us much less than 750K if we get out of the remainder of this season's obligation.

 

[Durks07]

I haven't checked out the details, but I am pretty sure that the contract was set to run out in January anyway. Therefore, there would not be any future years owed. the 750k is probably correct, because that is what he is owed for termination during this season.

 

[huskymedic]

I haven't checked out the details, but I am pretty sure that the contract was set to run out in January anyway. Therefore, there would not be any future years owed. the 750k is probably correct, because that is what he is owed for termination during this season.

SMH - there were two more years on the 5 year contract. http://articles.courant.com/2011-01...tract_1_summer-camps-clinics-coach-pasqualoni

"In the event that the University terminates the contract for any other reason than just cause as defined by the contract, the coach shall be entitled to continue to receive the following payment in full satisfaction of the university's obligation to the coach:

January 14, 2011-December 31, 2011: $1,250,000
January 1, 2012-December 31, 2012: $1,000,000
January 1, 2013-December 31, 2013: $750,000
January 1, 2014-December 31, 2014: $600,000
January 1, 2015-December 31, 2015: $400,000

JG - not sure on your question not seeing the actual contract.

 

[John Greene]

SMH - there were two more years on the 5 year contract. http://articles.courant.com/2011-01...tract_1_summer-camps-clinics-coach-pasqualoni

"In the event that the University terminates the contract for any other reason than just cause as defined by the contract, the coach shall be entitled to continue to receive the following payment in full satisfaction of the university's obligation to the coach:

January 14, 2011-December 31, 2011: $1,250,000
January 1, 2012-December 31, 2012: $1,000,000
January 1, 2013-December 31, 2013: $750,000
January 1, 2014-December 31, 2014: $600,000
January 1, 2015-December 31, 2015: $400,000

JG - not sure on your question not seeing the actual contract.

Thanks, the reason for my curiosity is that if it is a significantly larger number than 750K, it might impact the amount available to lure a good replacement.