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Barry Jackson On Manny Diaz Buyout

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Cost of business. This is big boy ball. FSU spent about 5 times what we will have to spend and there are 4-5 coaches that could do good things here we could realistically get.
 
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Mackmiller974 said:
After Al Golden took the Hurricanes to court in October 2018 seeking more than $3 million in additional money -- three years after his dismissal -- the Miami Hurricanes did a smart thing:

They made sure they protected themselves when they hired Manny Diaz to replace the retired Mark Richt just 2 ½ months later.

According to a UM athletic department administrator, the Hurricanes won’t owe Diaz his entire remaining salary if they fire him during or after this season or at any time before the conclusion of his contract.


Diaz’s five-year contract runs through 2023. He is due to make between $6.5 million and $8 million combined over the 2022 and 2023 seasons if he is retained for the duration of the contract, according to the source.

He could make close to $8 million over 2022 and 2023 if all incentives are met; incentives involving wins and academic benchmarks -- among other things -- are sometimes included in coaching contracts and Diaz’s deal is no different.

But if Diaz is fired and lands another job, the amount owed to him would be significantly offset by salary from his new job. It wouldn’t matter whether the new job is as a head coach or defensive coordinator or a position coach; the offset would still lower the amount of what UM owes him.


If Diaz is fired and remains unemployed through the end of the 2023 season (unlikely), he would be owed more than half of what’s left on his contract, but not the full amount or very close to it.


So if Diaz is fired -- whether he gets another job before the end of 2023 or not - UM would not need to compensate him dollar for dollar with what’s left on his contract.

Diaz’s job is likely safe for the remainder of 2021, unless there are several more embarrassing or lopsided losses, which could conceivably prompt an in-season dismissal.

If UM wins the Coastal Division, it’s certainly conceivable - if not likely - that he could even receive a contract extension at the end of this, his third year in the job.


In recent weeks, UM athletic director Blake James has declined all local interview requests to discuss the state of the football program or where Diaz stands.

As for Golden, a federal judge last September dismissed his lawsuit against UM, ruling that the school owed Golden what he had been paid when he was fired (a $2 million buyout) and not the additional millions he sought in the breach-of-contract lawsuit.
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Thats standard in contracts. If you get another job, what your old team owes you is reduced dollar for dollar.
 
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Mackmiller974 said:
After Al Golden took the Hurricanes to court in October 2018 seeking more than $3 million in additional money -- three years after his dismissal -- the Miami Hurricanes did a smart thing:

They made sure they protected themselves when they hired Manny Diaz to replace the retired Mark Richt just 2 ½ months later.

According to a UM athletic department administrator, the Hurricanes won’t owe Diaz his entire remaining salary if they fire him during or after this season or at any time before the conclusion of his contract.


Diaz’s five-year contract runs through 2023. He is due to make between $6.5 million and $8 million combined over the 2022 and 2023 seasons if he is retained for the duration of the contract, according to the source.

He could make close to $8 million over 2022 and 2023 if all incentives are met; incentives involving wins and academic benchmarks -- among other things -- are sometimes included in coaching contracts and Diaz’s deal is no different.

But if Diaz is fired and lands another job, the amount owed to him would be significantly offset by salary from his new job. It wouldn’t matter whether the new job is as a head coach or defensive coordinator or a position coach; the offset would still lower the amount of what UM owes him.


If Diaz is fired and remains unemployed through the end of the 2023 season (unlikely), he would be owed more than half of what’s left on his contract, but not the full amount or very close to it.


So if Diaz is fired -- whether he gets another job before the end of 2023 or not - UM would not need to compensate him dollar for dollar with what’s left on his contract.

Diaz’s job is likely safe for the remainder of 2021, unless there are several more embarrassing or lopsided losses, which could conceivably prompt an in-season dismissal.

If UM wins the Coastal Division, it’s certainly conceivable - if not likely - that he could even receive a contract extension at the end of this, his third year in the job.


In recent weeks, UM athletic director Blake James has declined all local interview requests to discuss the state of the football program or where Diaz stands.

As for Golden, a federal judge last September dismissed his lawsuit against UM, ruling that the school owed Golden what he had been paid when he was fired (a $2 million buyout) and not the additional millions he sought in the breach-of-contract lawsuit.
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***** Golden btw. That clown should pay us back.
 
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Mackmiller974 said:
Idk man until anyone of us actually see the contract then it's anyone guess. Regardless we can all agree it will be cheaper to fire Manny after the season then right now and the school is likely going to take the cheapest route possible if they decide to fire Manny. As long as he's not our coach in 2022 then I really don't care how much the buyout is.
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@RVACane do you see this, lol.
 
Alex Jones said:
It’s not a if , it’s a when“. It’s very calculated imo.
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Is it BJ throwing the Manny out there to save himself?

Wouldn’t surprise me if he tries to throw Manny to the wolves and tell the world we cut the contract quick.
 
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Mackmiller974 said:
Idk man until anyone of us actually see the contract then it's anyone guess. Regardless we can all agree it will be cheaper to fire Manny after the season then right now and the school is likely going to take the cheapest route possible if they decide to fire Manny. As long as he's not our coach in 2022 then I really don't care how much the buyout is.
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Are you admitting to not being a licensed attorney?
 
The pro Manny crew (aka dip**** BOT member or something) probably leaked the false narrative that Manny's buyout was so massive and little old Miami couldn't afford it.

Then some anti-Manny badass countered with this story to negate that bull**** narrative. God bless them.
 
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