Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Maybe he could walk dogs!Do you want Cal to slide into the ambassador role? What exactly would he do? Would it cause friction for us to get a top notch replacement?
It went even further than an "insurance" policy. It was a retirement fund for when he was done coaching. He can stay on as an ambassador for as long as he wants for $1 million/year. So, unless we can get rid of that part too, he OWNS Mitch!!!Someone posted a quote from Cal when he addressed that part of his contract. That was basically put in as an insurance in case Cal physically couldn't coach and everyone still wanted him in Lexington. Since that is now longer the case, I'd say that option is all but a mute point now.
That’s incorrect. The $1 million gig ends in 2029 too.It went even further than an "insurance" policy. It was a retirement fund for when he was done coaching. He can stay on as an ambassador for as long as he wants for $1 million/year. So, unless we can get rid of that part too, he OWNS Mitch!!!
I thought the school and Cal could extend it?? But you are probably right. But that just means he will NOT walk away until 2029. That means UK is on the hook for the ENTIRE amount of the buyout to get rid of him. Because he has said he WON'T leave or take a penny LESS than what is owed him.That’s incorrect. The $1 million gig ends in 2029 too.
It’s not an automatic extension. I couldn’t see a reason that UK would extend it. I’ve posted a number of times that the totality of the buyout seems massive but the way they would actually pay it out is not insurmountable. They could financially make the move after this year and be able to find a way to afford it.I thought the school and Cal could extend it?? But you are probably right. But that just means he will NOT walk away until 2029. That means UK is on the hook for the ENTIRE amount of the buyout to get rid of him. Because he has said he WON'T leave or take a penny LESS than what is owed him.
So Cal OWNS UK until 2029. SAD
But it would still be $33 million from UK Athletics and/or a donor. Either way it is money that will be taken away from UK.It’s not an automatic extension. I couldn’t see a reason that UK would extend it. I’ve posted a number of times that the totality of the buyout seems massive but the way they would actually pay it out is not insurmountable. They could financially make the move after this year and be able to find a way to afford it.
Yes it would still be from UK athletics, but it’s paid out over the remainder of the contract. If we hired a new coach for $6 million, UK would need to come with less than $4 million/year more than what they would pay Cal if he stayed. They netted over $5 million in profit last year with more revenue coming this year. They can afford to do it (especially if donors chip in, but not needed) and have a very minimal effect.But it would still be $33 million from UK Athletics and/or a donor. Either way it is money that will be taken away from UK.
It SUCKS and Mitch needs to be held accountable for giving Cal that kind of leverage for that much time and money!!!
He’s going to Boeheim the hell out of us , ain’t he.It went even further than an "insurance" policy. It was a retirement fund for when he was done coaching. He can stay on as an ambassador for as long as he wants for $1 million/year. So, unless we can get rid of that part too, he OWNS Mitch!!!
But he also said in that article that he would NEVER take $1 million/year over $8-9 million/year as long as the contract lasted UNLESS UK wanted to buy him out in which he would NOT take a PENNY LESS than the ENTIRE amount of the contract!!!
So we are STUCK with him unless UK buys him out!!!!
Mitch deserves to be FIRED if Cal doesn't get UK an SEC Tournament Championship OR a Final 4!!!
You know it. Heck he has been PUBLIC about it!!! He has stated NUMEROUS times that he is finishing out this contract for the money!!! And Mitch made it where there is NOTHING UK can do about it except to pay him an ENORMOUS amount of money NOT to coach!!!He’s going to Boeheim the hell out of us , ain’t he.
Yep , and the coal and the tobacco industries just aren’t what they were . My only hope is that, for some reason Ellen pressures him to hang it , up or maybe someone like say Michigan will be stupid enough to give him a good enough deal to leave . That’s all I got.You know it. Heck he has been PUBLIC about it!!! He has stated NUMEROUS times that he is finishing out this contract for the money!!! And Mitch made it where there is NOTHING UK can do about it except to pay him an ENORMOUS amount of money NOT to coach!!!
And UK doesn't have the Oil Barons that Texas A&M has to pay him off and hire some one else like they did with Jimbo Fisher.
SAD