Jacobs: Ollie has hearing with UConn, has week to respond in writing

[CL82]

an amicable deal ended when they fired him for cause. now it's going to be fought with lawyers and likely in a public forum.

Probably not would be my guess, particularly if KO has good representation.

 

[warbler1055]

As long as KO got JC infrastucture in place, Blaney, Miller, players, he was doing great!!! Then as he should, he started getting rid of Blaney, Miller, and put his own imprint on the program. The results spoke to themselves. It was in a death spiral. Even KO would have to agree to the dismayed results. The question was should KO deserved another year. Well, the answer from ADD was a resounding no. I doubt that KO would be fired for cause if UConn BB was not in a tailspin. Pay KO whatever and good luck nd good bye!!!!

 

[Travelman6]

Asking the boneyard to let things play out before wild speculation is like asking the sun to stop shining.

I hope whatever outcome is reached allows everyone involved to maintain as much dignity and respect as possible. Until then, can't we just wait and see?

 

[Guapo]

It’s easy for me. I don’t believe that contracts that pay people after they have been fired for cause....and I don’t mean “for cause” under the term if the contract, I mean because they sucked at their jobs, should exist. For anyone. In any profession. I know they do, but people are arguing to pay him based on some sense of justice. My sense of justice says he isn’t working for us any more. He doesn’t have to do the job. So don’t pay him anything. He got paid $6m to do a terrible job the last two years. Nobody should feeel sorry for him.

So I hope he doesn’t get anything.

@HuskyHawk I like you, so know that this isn't coming from a super-confrontational place...

However

I'm very interested in what exactly you "believe" a contract to be if you don't believe this basic fact about them, keeping in mind contracts are arguably the foundation upon which our social and economic system is built upon?

 

[Chief00]

I'd think at the bottom of that range, if not just a bit lower, but only if quick amiable settlement and payout of at least 3 years.

Pretty much agree - if KO wants to avoid court, he needs to cover alimony and other payments to ex spouse for over $2M - then some bucks to support his life style - thinking $3.2 to $5 million.

 

[dennismenace]

When you sign a contract of that magnitude you have professionals (agents and lawyers) review it and know EXACTLY what you are agreeing to. That's what those folks get paid for. Then you make sure you adhere to your end of the contract (including seeking counsel before you make moves) so you don't wind up get terminated and wind up with nothing. Keeping your end of the agreement protects and insures that you get paid if terminated despite perhaps losing a lot of games etc. You violate specific terms that are deliberately spelled out can be real trouble I believe.

 

[UConnRock]

Pretty much agree - if KO wants to avoid court, he needs to cover alimony and other payments to ex spouse for over $2M - then some bucks to support his life style - thinking $3.2 to $5 million.

You have to think of pre-tax vs. post tax when throwing number around. If he owes over $2M to his ex and that is post-tax, he will need a decent chunk of change to cover that cost. $5M taxed at 37% federal and 7% state he brings home $2.8M.

 

[CL82]

You have to think of pre-tax vs. post tax when throwing number around. If he owes over $2M to his ex and that is post-tax, he will need a decent chunk of change to cover that cost. $5M taxed at 37% federal and 7% state he brings home $2.8M.

Alimony is pre-tax in that it is deducted in coming to AGI. I think the new tax act changed that but that change won't apply retroactively.

Any accountants out there would want to correct or amplify that, feel free.

 

[Hans Sprungfeld]

Threads like this keep me blissfully unconcerned about job security.

Folks, this isn't a food, drink or music thread. Take the hint.

 

[HuskyHawk]

@HuskyHawk I like you, so know that this isn't coming from a super-confrontational place...

However

I'm very interested in what exactly you "believe" a contract to be if you don't believe this basic fact about them, keeping in mind contracts are arguably the foundation upon which our social and economic system is built upon?

As a lawyer who writes contracts, I understand their value. I’d prefer a system of law that did not permit employment contracts however. Certainly not for public employees. People shouldn’t be paid to not work.

 

[HuskyHawk]

Problem with your thinking, if the coach wanted to walk away from his end of the contract to a higher paying one, he isn't exactly "free" to do so. He or the other school has to pay the but out. There is no way to spin this. It was a terrible buy out/contract Benedict gave him. You're basically advocating for coaching free agency every off season.

Personally I'd rather UConn be in the business of paying more money upfront with more manageable buyouts for lack of performance.

They do that all the time. Ollie had a tiny buyout if he left. Why was it unbalanced? I’d prefer everyone was free to take any job they want. But it’s irrelevant. There is a contract. There is either cause or no cause. I hope there is cause so UConn doesn’t pay a guy not to work. It’s as simple as that.

 

[Chief00]

Hopes Ollie wins the 10 million. Benedict is a sleazy dude. I just want everyone to know again that Benedict did not have the decency to show up to at UCONN scholar athletes night. This was at the half time of the SMU game and honors all students athletes who had a GPA >3. Susan was there as well as numerous High School principals and families. We value education at UCONN. UCONN is not Auburn

I don’t know, but neither of us know if he had a legitimate conflict.

 

[Guapo]

As a lawyer who writes contracts, I understand their value. I’d prefer a system of law that did not permit employment contracts however. Certainly not for public employees. People shouldn’t be paid to not work.

I humbly disagree, but I don't think this is the time or place to discuss an issue like that.

My opinion on the Ollie situation, from the start, has been to wait and see. We'll find out soon enough how strong of a case the school has.

 

[Yardigan]

You don't get to 5 pages by playing 'wait and see'...really need that wild speculation. Think big

 

[Guapo]

You don't get to 5 pages by playing 'wait and see'...really need that wild speculation. Think big

I really don't think that's healthy for anyone.

Hurley is the coach now and we should be focusing more attention on what he's doing to rebuild the program.