Tears Gator Tears

[mjl7atlas]

Billy's contract is $51.8M over 7 years. He's in year 3 of his contract. So, $51.8M - 3 x $7.4M (yearly salary) = $29.6M remaining on his contract.

It gets even worse. Billy's contract states that 85% of his remaining contract is due within 30 days of firing him. That would be $29.6 x 0.85 = $25.16M due within 30 days of firing. This is of course if he were fired after the season has ended. If he were fired midseason after 6 games, he'd be owed another $3.7M of which 85% of that would be due within 30 days bringing the new total to $33.3M of which $28.3M would be due with 30 days.

Billy Napier Florida contract, buyout clause: Here's how much Gators owe coach if fired

Florida coach Billy Napier has come under scrutiny following a 9-9 start to his Gators tenure. What would the university owe him if it fired him?

www.gainesville.com

Still not done / Just make it stop:
They also have to pay the assistant coaches the remainder of their contracts, which is 1-3 years depending on what year they are in their contract.

That's another $7.25M each year for likely 2 years.

Where do Florida Gators assistant coach salaries stack up across the country?

How much are the Florida Gators paying their assistant coaches and how does that stack up against the rest of the schools across America?

www.on3.com

A firing midseason after 6 games would cost Gayta' athletics $28.3M for Billy and $3.625M for his assistants. That's a $31.925M hit for 2024 and they'd have to pay a new coach and his assistants on top of that. I would expect their NIL to take a huge hit if Billy gets fired.

Gayta' nation may be married to Billy longer than they're hoping for.

His agent is the GOAT. They might not be able to fire him. Aren't they also paying Dan Mullen? Shark ******?

 

[No_Fly_Zone]

Billy is due 85% of his contract balance within 30 days of being fired. They would really need to keep him through the 2025 season to avoid taking a huge hit in one year.

Not to quibble with you, but you've mentioned the bolded twice, yet the article you linked states the following:

"In that scenario [i.e., termination without cause], Napier would be paid 50% of that buyout within 30 days of being fired while the remainder would be paid in equal installments (12.5%) over four years. The first installment would be paid on the first July 15 following his ouster and each July 15 after that until he has received the full buyout."

The buyout figure is 85% of his remaining contract. The payout of the buyout is 50% within 30 days, followed by 4 installment payments of 12.5% per year beginning the next July 15 after his termination.

All still money those clowns don't have to spare.

 

[305407cane]

Ideal situation. Bottom falls out. They can’t afford to can him. They keep him another year. They win 7 games. This is spun as progress and they keep him longer. Chess not checkers

 

[wnycanesfan]

Billy's contract is $51.8M over 7 years. He's in year 3 of his contract. So, $51.8M - 3 x $7.4M (yearly salary) = $29.6M remaining on his contract.

It gets even worse. Billy's contract states that 85% of his remaining contract is due within 30 days of firing him. That would be $29.6 x 0.85 = $25.16M due within 30 days of firing. This is of course if he were fired after the season has ended. If he were fired midseason after 6 games, he'd be owed another $3.7M of which 85% of that would be due within 30 days bringing the new total to $33.3M of which $28.3M would be due with 30 days.

Billy Napier Florida contract, buyout clause: Here's how much Gators owe coach if fired

Florida coach Billy Napier has come under scrutiny following a 9-9 start to his Gators tenure. What would the university owe him if it fired him?

www.gainesville.com

Still not done / Just make it stop:
They also have to pay the assistant coaches the remainder of their contracts, which is 1-3 years depending on what year they are in their contract.

That's another $7.25M each year for likely 2 years.

Where do Florida Gators assistant coach salaries stack up across the country?

How much are the Florida Gators paying their assistant coaches and how does that stack up against the rest of the schools across America?

www.on3.com

A firing midseason after 6 games would cost Gayta' athletics $28.3M for Billy and $3.625M for his assistants. That's a $31.925M hit for 2024 and they'd have to pay a new coach and his assistants on top of that. I would expect their NIL to take a huge hit if Billy gets fired.

Gayta' nation may be married to Billy longer than they're hoping for.

I believe there is also no offset so they don't even save money if someone decided to hire him as an assistant coach.

 

[TC@ne]

Ideal situation. Bottom falls out. They can’t afford to can him. They keep him another year. They win 7 games. This is spun as progress and they keep him longer. Chess not checkers

This is the way

 

[SCarolina Ibis]

Billy's contract is $51.8M over 7 years. He's in year 3 of his contract. So, $51.8M - 3 x $7.4M (yearly salary) = $29.6M remaining on his contract.

It gets even worse. Billy's contract states that 85% of his remaining contract is due within 30 days of firing him. That would be $29.6 x 0.85 = $25.16M due within 30 days of firing. This is of course if he were fired after the season has ended. If he were fired midseason after 6 games, he'd be owed another $3.7M of which 85% of that would be due within 30 days bringing the new total to $33.3M of which $28.3M would be due with 30 days.

Billy Napier Florida contract, buyout clause: Here's how much Gators owe coach if fired

Florida coach Billy Napier has come under scrutiny following a 9-9 start to his Gators tenure. What would the university owe him if it fired him?

www.gainesville.com

Still not done / Just make it stop:
They also have to pay the assistant coaches the remainder of their contracts, which is 1-3 years depending on what year they are in their contract.

That's another $7.25M each year for likely 2 years.

Where do Florida Gators assistant coach salaries stack up across the country?

How much are the Florida Gators paying their assistant coaches and how does that stack up against the rest of the schools across America?

www.on3.com

A firing midseason after 6 games would cost Gayta' athletics $28.3M for Billy and $3.625M for his assistants. That's a $31.925M hit for 2024 and they'd have to pay a new coach and his assistants on top of that. I would expect their NIL to take a huge hit if Billy gets fired.

Gayta' nation may be married to Billy longer than they're hoping for.

The best part about all this is that the article detailing his buyout was posted Sept 30. They were already ****ed at that point.

AFTER posting it, they went 2-5 (including 5 straight losses to end the season), missed a bowl game and watched his recruiting class collapse.

 

[SCarolina Ibis]

Not to quibble with you, but you've mentioned the bolded twice, yet the article you linked states the following:

"In that scenario [i.e., termination without cause], Napier would be paid 50% of that buyout within 30 days of being fired while the remainder would be paid in equal installments (12.5%) over four years. The first installment would be paid on the first July 15 following his ouster and each July 15 after that until he has received the full buyout."

The buyout figure is 85% of his remaining contract. The payout of the buyout is 50% within 30 days, followed by 4 installment payments of 12.5% per year beginning the next July 15 after his termination.

All still money those clowns don't have to spare.

So basically they'd owe him 15.1 million within 30 days of firing him and 3.75 million every July 15 for 4 years?

 

[Ajcane8]

So basically they'd owe him 15.1 million within 30 days of firing him and 3.75 million every July 15 for 4 years?

Sign me up. I'll go sabotage "coach" the gata for a couple seasons at half that rate.

 

[Cuddlefish]

5.5

 

[RVACane]

Edit: I misread the terms of Billy's contract. He's owed 85% of the contract and 50% due within 30 days of his firing.

Corrected:
Billy's contract is $51.8M over 7 years. He's in year 3 of his contract. So, $51.8M - 3 x $7.4M (yearly salary) = $29.6M remaining on his contract. 85% of his remaining contract would be $25.16M.

It gets even worse. Billy's contract states that 50% of his remaining contract is due within 30 days of firing him. That would be $25.16 x 0.50 = $12.58M due within 30 days of firing. This is of course if he were fired after the season has ended. If he were fired midseason after 6 games, he'd be owed another $3.7M of which 85% of that is $3.145. 50% of that ($1.57M) would be due within 30 days bringing the new total to $14.15M ($12.58M + $1.57M) due with 30 days.

Billy Napier Florida contract, buyout clause: Here's how much Gators owe coach if fired

Florida coach Billy Napier has come under scrutiny following a 9-9 start to his Gators tenure. What would the university owe him if it fired him?

www.gainesville.com

Still not done / Just make it stop:
They also have to pay the assistant coaches the remainder of their contracts, which is 1-3 years depending on what year they are in their contract.

That's another $7.25M each year for likely 2 years.

Where do Florida Gators assistant coach salaries stack up across the country?

How much are the Florida Gators paying their assistant coaches and how does that stack up against the rest of the schools across America?

www.on3.com

A firing midseason after 6 games would cost Gayta' athletics $14.15M for Billy and $3.625M for his assistants. That's a $17.775M hit for 2024 and they'd have to pay a new coach and his assistants on top of that. I would expect their NIL to take a huge hit if Billy gets fired.

Gayta' nation may be married to Billy longer than they're hoping for.

Plus there could be a buyout elsewhere. And then fund NIL in a big way to attract a new coRch. This is setting up nicely.

 

[TRick72]

Honestly, I don’t think that’s a gator or a croc.

I think it’s a Caiman

 

[Felonious Monk]

I think it’s a Caiman

 

[TRick72]

View attachment 282529

They wish. The only “Porsche” they know is the toothless peg legged cross eyed “mature” stripper with bullet holes and a C section scar running down her gut over at Cafe Risqué.

Caiman - Wikipedia

en.m.wikipedia.org

 

[OriginalCanesCanesCanes]

Honestly, I don’t think that’s a gator or a croc.

It’s definitely not an alligator, it may be a cayman, or some other crocodilian, but it’s not an alligator.

What morons.

 

[Cajuncane]

That is so sad. Literally begging for money to stop the pillaging.

 

[SpikeUM]

It’s definitely not an alligator, it may be a cayman, or some other crocodilian, but it’s not an alligator.

What morons.

Crocodilian?!?! Dude, seriously, you expect them to understand THAT big of a word?

 

[RVACane]

 

[TRick72]

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Blake just told them his CB for him on the Turds is because none of his other finalists want to take his commitment at this time.

 

[DoctorKrazey]

I believe there is also no offset so they don't even save money if someone decided to hire him as an assistant coach.

Well that’s one luxury they obviously don’t have anyways. At this point, I don’t think Wal-Mart would even hire Billy.

 

[RVACane]

I believe there is also no offset so they don't even save money if someone decided to hire him as an assistant coach.

Correct as I recall as well that there’s no offset language meaning that Billy can take another coaching job and the amount his new employer pays him does not reduce what the gator pays him.