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
LINK: BUYER BEWARE
Buyer beware with buyouts
- Thread starter BabyHoop
- Start date
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 workSomebody 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.
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.
He's also getting $500K/year from the Orioles until 2028.
A booster paid for archies buyout only for us to get woodson. I wonder how the booster felt about that!
Dolson has done well in a lot of areas, but the extension deals and amounts for Tom Allen and Woodson were head scratchers at the time they were inked.
We weren't in danger of losing either guy, even if Scott incorrectly believed they had the answers.
Incredible waste of resources, but I guess it's not his money. Hope there's plenty left now they paid huge (this time correctly) football salaries.
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He got the Allen extension wrong, but he owned it because he had to raise extra money to buy him out.
Allen was originally owed around $20M but settled on $15M with no stipulations I believe.
Yes I think he agreed to a lower buyout that was not subject to reduction if he took a job elsewhere?
Like who cares...
Get a coach .Get winning..Get winning big !!
End of story..
Tinsley was giving $5 million not suit up for the Pacers back in the day..
Get a coach .Get winning..Get winning big !!
End of story..
Tinsley was giving $5 million not suit up for the Pacers back in the day..
I think that's deferred compensation, not a buyout. Fairly different. The Mets are paying Bonilla for the baseball he already played, because he took less money than he could have when he was playing.
Ohtani's deal last year was similar.
The irony is the Mets only deferred 5.9 million, but the Mets thought it was a good idea to essentially borrow that money from Bonilla and pay him 8% interest on it because they had a totally AWESOME money manager that was going to take that money and earn way more with it, allowing the Mets to profit on the difference in interest.
That money manager was Bernie Madoff.
Oops. Mets gon' Met.
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