https://wildcatbluenation.com/what-...zlKb5QVIoqzzsUcJZY_aem_IMVQ4yVRThv9wpH9BDaFog
I am not got with links but this seems to explain the buyout.
I am not got with links but this seems to explain the buyout.
Buyout
- Thread starter TNCatfanforever
- Start date
I haven’t read it, but I suspect that is what someone would have to pay if they “stole” Stoops away.
No way Stoop’s agent let him be paid 4 million on a 40-45 million contract obligation.
Clarification
The $3.5 million is what Stoops would owe UK if he left for another job
UK would owe him 75% of his remaining salary, which is about $41 million after this year if they fired him without cause.
The $3.5 million is what Stoops would owe UK if he left for another job
UK would owe him 75% of his remaining salary, which is about $41 million after this year if they fired him without cause.
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UK isn't gonna buy Stoops out. People are dreaming if they think there is any chance of that.
Only chance we have here is a Cal type situation. Another team scoops him up. I’ve been adamant since the summer this is Stoops’ last year with UK because I think he’s going to have his agent find him a way out of here.
It’s wild how similar this is to basketball last year. A coach making great money, with a big buyout, and fans frustrated and wanting a change. It’s a lot of money but there is only so much hate you can take. I can easily see a B1G, AAC team making a play for him
It’s wild how similar this is to basketball last year. A coach making great money, with a big buyout, and fans frustrated and wanting a change. It’s a lot of money but there is only so much hate you can take. I can easily see a B1G, AAC team making a play for him
I wasn’t sure what it meant so that’s why I posted. I knew someone would explain.
I get this is water over the bridge…but how in the world does he essentially take the Texas Am job and then get rejected…and Ky owes a buyout?
Why would not 3.5M be what is owed after last year fiasco
If UK wouldn't foot the bill for basketball then there is zero chance they will pay for football. Unless Stoops bangs another intern or something we are stuck with him.
Stoops or TX A&M would have owed UK that amount instead of the other way around.
I honestly don’t believe there is anything in his contract about talking to other schools. It would not have been a breach of contract.
Had he taken the job, he would have paid UK $4 million.
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That is what I meant....why is UK facing a full buyout vs. Stoops not taking the 3.5 M as part of his trying to leave UK.
These contracts are absurd
No more contracts longer than 5 years. And, for the love of God- quit overpaying.
They are so one sided. Mitch gives- he doesn’t negotiate
He has grossly been beaten senseless by agents over and over again.
I didn't want to get into this but obviously it's true. Some on this board get outraged when you state the obvious.
That is not a good plan. I can't see any school hiring Stoops with his record at UK. He is not hirable by any decent program. I'm very very certain aTm is thrilled they revolted when he was considered as a head coach hire.
UK could have fired him for flirting with Texas A&M
I do not believe they could have fired him with cause for that. They would have owed him $45 million if they fired him for that.
Coaching contracts in general are one-sided. This is not just a UK thing. Mitch's biggest issue is the length of the contracts he gives (I agree with you about 5 years), but 75% buyouts are pretty damn common in coaching contracts nowadays.
I think there's exactly zero fan bases in P4 that would be excited about a Stoops hire.
He would never leave UK to take a job outside of the P4.
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