Buyer beware with buyouts

[BabyHoop]

This story on the University of Louisville athletics department staring at a historic financial deficit (due in large part to basketball buyouts) despite record revenue is an eye-opener.
LINK: BUYER BEWARE

 

[IndyAuthor]

Somebody needs to do a list every year of the top "Paid Not to Play or Coach" contracts. For example, the Padres are paying Eric Hosmer $12.2 million this year to sit at home and record a podcast.

 

[kurt cloverdales]

Somebody needs to do a list every year of the top "Paid Not to Play or Coach" contracts. For example, the Padres are paying Eric Hosmer $12.2 million this year to sit at home and record a podcast.

didn't Jimbo fisher get near a 100 mil to quit going to work

 

[HoosierJimbo89]

July 1st is Bobby Bonilla Day. Every July 1st from 2011 to 2035, the New York Mets pay Bonilla, who retired in 2001, $1,193,248.20 as a part of his buyout deal.

 

[13thman]

July 1st is Bobby Bonilla Day. Every July 1st from 2011 to 2035, the New York Mets pay Bonilla, who retired in 2001, $1,193,248.20 as a part of his buyout deal.

The Silna brothers got a nice check to not join the NBA.

 

[dbmhoosier]

We paid Archie and Allen over $25M to not come to work. Woody will get over $8M.

 

[IndyAuthor]

July 1st is Bobby Bonilla Day. Every July 1st from 2011 to 2035, the New York Mets pay Bonilla, who retired in 2001, $1,193,248.20 as a part of his buyout deal.

He's also getting $500K/year from the Orioles until 2028.

 

[hickorytree1]

We paid Archie and Allen over $25M to not come to work. Woody will get over $8M.

I don't believe that's net of their current compensation - could be wrong.

 

[Tammany Hall]

Allen’s was negotiated lower in exchange for no offset for future earnings IIRC. Probably not a great deal for us technically.

I doubt Woody offsets his buyout with anything lol.

 

[bailey777]

We paid Archie and Allen over $25M to not come to work. Woody will get over $8M.

A booster paid for archies buyout only for us to get woodson. I wonder how the booster felt about that!

 

[HoosierJimbo89]

We paid Archie and Allen over $25M to not come to work. Woody will get over $8M.

Not after mitigation.