- Joined
- Oct 1, 2011
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Start with the buyout terms, then mix in the season tickets. As of July it was 19K season tix. Let's be generous and say it's about 23K
Doesn't seem like the $$ should be an obstacle to doing the right thing here. . . .and by the way kudos to PP's lawyer/agent for getting such sweetheart terms. Wonder if JH gets a share?
The simple math is will 2013 ticket sales (season & individual game) decrease with a retained PP to such an extent that the lost revenue is greater than the difference between the buyout after the season and next season ($250K). Say the average cost of a season ticket is $300 (It'll probably be higher next year w/7 games and a higher price for the Michigan game). If ONLY 1000 give up their season tickets that's a $300,000 loss, not factoring in parking & concessions.BUYOUT: In the event that the University terminates the contract for any other reason than just cause as defined by the contract, the coach shall be entitled to continue to receive the following payment in full satisfaction of the university's obligation to the coach: January 14, 2011-December 31, 2011: $1,250,000 January 1, 2012-December 31, 2012: $1,000,000 January 1, 2013-December 31, 2013: $750,000 January 1, 2014-December 31, 2014: $600,000 January 1, 2015-December 31, 2015: $400,000
Doesn't seem like the $$ should be an obstacle to doing the right thing here. . . .and by the way kudos to PP's lawyer/agent for getting such sweetheart terms. Wonder if JH gets a share?