Because unless Coach Stoops leaves on his own, Mitch has NO intention of buying him out. So we are stuck with him regardless of outcomes for the next 3 seasons I’m afraid.
I agree with everything you said, but unfortunately Mitch REFUSES to pay the buyout right now. My question is will he do it after next season??? I don’t think he will. So what will our fans and the media do in response if Coach Stoops is retained after another season like this one?
While it might not be negotiable in terms of the monetary value, I think it’s definitely negotiable on how it’s paid out. See if he would take $3.5 million a year over 10 years instead of one lump sum. Te yearly payout is definitely doable.
I agree with everything you said except….. Stoops is under contract for 7 more years. Not 3.
Maybe, but honestly with all the TV deals I think barney believes the ticket sales aren't as important as long as uk is still getting that sec money. Another reason why being in the SEC is a curse on this program, big money that pays no matter how good the team is. Kills the incentive for any real improvement.
Refuses? If he wanted to pay it, it's not in the budget, so he would have to hit up enough donors who want to get rid of Stoops to pony up the $44mm and the donors are personal friends of Stoops. You and everyone repeating this without factoring in the reality of why it is not happening is akin to listening to someone from the stone age opine about flying. There has to be desire AND means just like it takes intelligence AND understanding to know why this is not happening any time soon.
His is 80% of what is owed to him for the next 2 seasons and then it drops to 60% of what is owed after that. He has 6 seasons remaining on his contract. The killer is he gets paid in 1 lump sum if terminated. Calipari's was over the course of the remaining years.
There is no added year for 7 wins. That was removed from his contract.
I'm pretty sure it's 75%. I don't see anything in his contract that has changed those numbers.
Hey quick question for you. Do you think Sumrall held out on taking any of the bigger jobs because he thinks the UK job might be opening up in the next couple of years?
That's hard to say. The only job out there that was even worth considering at this time was UNC. Just because it's the first one, doesn't mean it's the best one. He's taking a gamble that he will have another really good year. IMO, I don't think he's specifically holding out for the UK job.
Thanks for that link. The 80%/60% was in the contract he signed in 2014 (page 24 in linked PDF). The 75% is in the contract he signed in 2017 (page 28 in linked PDF) and replaced the initial 80%/60%. On page 28 it states, "If the University terminates this agreement at any time, before the end of the Term, without cause, the university shall pay, and coach agrees to accept as liquidated damages seventy-five percent (75%) of the remaining salary..."How much would it cost Kentucky to fire Mark Stoops? Kentucky's buyout is massive
Kentucky signed a brand new contract extension with head football coach Mark Stoops back in November 2022. That new contract has made him one of the highest-paiwildcatbluenation.com
His contract is way more wordy than Cal’s.
Yep, that's correct. I posted this above:
It's not just his contract to account for in the calculation.
