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  1. #31
    All State Baseball's Avatar
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    I was talking to some coworkers today about this situation and they were saying it was $14MIL if the AD had stayed, now that the AD is gone and their's a new AD in, the buyout dropped to $500K, not sure where they got this info at...
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  2. #32
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    Quote Originally Posted by All State Baseball View Post
    I was talking to some coworkers today about this situation and they were saying it was $14MIL if the AD had stayed, now that the AD is gone and their's a new AD in, the buyout dropped to $500K, not sure where they got this info at...
    I’m pretty sure that’s not true.

  3. #33

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    Petrino's buyout cost did cut in half when Jurich was canned. That is the amount due to U of L if Petrino left before the end of the contract.

    The challenge is that the contract also has a 'no-seek other jobs' clause that makes any negotiation, personally or by agent, with another school a direct breach of contract. That is unless the school indicates it will not renew or extend his contract. So it now cost other schools only a bit over $4M to buyout Petrino's contract but how do they even start discussions when Petrino can talk to them.

    If fired without cause Petrino is due 3 years salary. That is between $12 to $14M depending on how they treat the $500,000 annual bonus for making grades. That did not change with Jurich leaving. This goes down the last 3 years of the contract since only the remaining years are due if fired. But the contract goes through 2023 I think.

  4. #34

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    Quote Originally Posted by All State Baseball View Post
    I was talking to some coworkers today about this situation and they were saying it was $14MIL if the AD had stayed, now that the AD is gone and their's a new AD in, the buyout dropped to $500K, not sure where they got this info at...
    The $500,000 is additional pay if grades are good. He’s owed a lot if he leaves anytime soon. Jurich definitely didn’t help things in that regard, not mattering if he’s gone or not.

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