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Title: Link to the MOU with Jones Post by: BanditVol on December 07, 2012, 09:01:17 EST http://grfx.cstv.com/photos/schools/tenn/sports/m-footbl/auto_pdf/2012-13/misc_non_event/butch_jones_mou_12072012.pdf
Love the incentives in that contract. He will be well motivated to do well. Even better... Buyout first two years $4M First four years $3M Much better than Dooley's ridiculous $5M! Title: Re: Link to the MOU with Jones Post by: CrossVol on December 07, 2012, 09:21:52 EST http://grfx.cstv.com/photos/schools/tenn/sports/m-footbl/auto_pdf/2012-13/misc_non_event/butch_jones_mou_12072012.pdf The numbers you give are what UT is owed if he leaves on his own accord. If he is terminated by UT it is $2M/year left on contract. That is too high. The $3M salary per year should have been high enough with only a minimal buyout. Hopefully it won't matter.Love the incentives in that contract. He will be well motivated to do well. Even better... Buyout first two years $4M First four years $3M Much better than Dooley's ridiculous $5M! Title: Re: Link to the MOU with Jones Post by: PirateVOL on December 07, 2012, 09:28:45 EST Interesting, no escalation
Title: Re: Link to the MOU with Jones Post by: Clockwork Orange on December 07, 2012, 09:30:13 EST The numbers you give are what UT is owed if he leaves on his own accord. If he is terminated by UT it is $2M/year left on contract. That is too high. The $3M salary per year should have been high enough with only a minimal buyout. Hopefully it won't matter. Mitigated by the coach's earnings, though. If we have to fire him but he takes another coaching job, we don't owe him whatever he is paid at the other job. That may not seem like a big deal but it could make a substantial difference. Depending on the nature of his performance before he is fired, a school could still have enough interest in him to pay $1M+. He's young enough that I doubt he'd want to go long between coaching gigs. Title: Re: Link to the MOU with Jones Post by: PirateVOL on December 07, 2012, 09:32:08 EST Mitigated by the coach's earnings, though. If we have to fire him but he takes another coaching job, we don't owe him whatever he is paid at the other job. That may not seem like a big deal but it could make a substantial difference. Depending on the nature of his performance before he is fired, a school could still have enough interest in him to pay $1M+. He's young enough that I doubt he'd want to go long between coaching gigs. That is what will save us some $$ for those assistants not retained (see Sal) |