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Fulmer's $$$'s

My question is... IF FULMER TAKES A COACHING JOB IN 2009 OR 2010, "HOW MUCH WILL THE VOLS HAVE TO PAY HIM PER SEASON?" I heard his buyout was $ 5 to $6 million. Is that under the assumption "he does not coach?" If he gets a Job, How does that breakdown per year? Since I live in live in Atlanta, I have no idea what the the Knoxville media has reported concerning the specifics of his contract. UT being a public institution, his contract should be open to the public. Please Advise

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Not sure how his contract is worded, but typically a school is still on the hook if there’s a balance remaining if he takes a new job. Not always, but sometimes.

Meaning, if he’s owed $5 mm, takes a job for $3mm, then Tenn would owe him $2mm. In other cases, if he takes a job at all in football they are off the hook. Some have heirarchy clauses – if he’s a coordinator they would owe x percent; if he’s a head coach nothing. Things like that.

by Tech92 on Nov 16, 2008 11:37 PM EST reply actions   0 recs

I don't know.

I would assume the first option that Tech92 laid out. It’s the easiest to arrange and count out. If not that, then perhaps a percent reduction. Using the $5mil buyout / $3mil head coaching gig example from Tech92, perhaps only 75% of the $3mil gets knocked off the buyout so that UT still owes $2.25 mil. That at least gives some finanacial incentive to find a new head coaching gig.

But again, I don’t know.

by Hooper on Nov 17, 2008 12:09 AM EST reply actions   0 recs

Not sure about Fulmer's, but many buyouts are pro-rated

so if he has 8 years left he gets $6 mm, but if he’s down to one year he gets a gold watch. You are basically giving him enough money to live on while scanning the classifieds for cigar store indian jobs. He’s got kids to feed remember.

I don’t know what happens if he signs a 5 year deal with someone else immediately, but I’d say if he does go somewhere else, the next coach’s contract will have a non-compete or similar clause. Lots of times these buyouts are a reaction. When WVU’s old basketball coach went to Michigan, he had to pay a buyout (I think $2.5 mm) to WVU. Problem was, they didn’t put a schedule to pay it back in the contract so he could have paid $5 a year for a lot of years. Well, Bob Huggins has 36 hours or something like that to pay his “liquidated damages.”

by wvvol on Nov 17, 2008 8:43 PM EST reply actions   0 recs

Fulmers contract should be Public

Fulmer’s contract should be public knowledge.

UT is not a private institution.

UT is a public institution and has to account for all expenditures since its is
“the flagship State of Tennessee University”.

Thats strange that the Knoxville papers have not reported this.

by Turkish Bob on Nov 18, 2008 11:05 AM EST reply actions   0 recs

It is public. It can be looked up.

I personally have no interest in doing so, but a minute of smart Googling would bring it right up. When the contract was renegotiated, the pdf was available last spring (including signature).

by Hooper on Nov 18, 2008 11:16 AM EST up reply actions   0 recs

Here you go

This is two years old, so it’s probably not very accurate today, but it’s got every coaches contract in there.
http://www.usatoday.com/sports/college/football/2006-11-16-coaches-salaries-cover_x.htm

by Tech92 on Nov 18, 2008 1:36 PM EST up reply actions   0 recs

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