- Joined
- Dec 22, 2011
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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.
If they fire him after the season, they'd still have to pay 62.5% of the 85% within six months.
Plus the assistants.
Plus buying out a REPLACEMENT coach. Don't forget, if you have to pay another guy's $20M buyout, it actually costs $30M after the income tax gross-up.
Plus, you know, actuallyl paying the SALARY of the replacement coach and his staff.
This is a $100M commitment, easily. Much closer to $150M. Possibly $200M, assuming they could even attract a guy who is established.