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Around Campus => The Quad => Topic started by: bama57 on October 17, 2014, 08:35:20 AM



Title: Mississippi State coach Dan Mullen's new contract has strong academic provision
Post by: bama57 on October 17, 2014, 08:35:20 AM
Quote
Well before the Mississippi State football team embarked on what has become a benchmark season, head coach Dan Mullen hit a benchmark of his own under a contract that now makes him, like all of the university's head coaches, subject to dismissal based on the team's academic performance.
http://www.usatoday.com/story/sports/ncaaf/sec/2014/10/16/mississippi-state-coach-dan-mullen-football-contract-apr-academics/17365803/


Title: Re: Mississippi State coach Dan Mullen's new contract has strong academic provision
Post by: Marshal Dillon on October 17, 2014, 12:18:36 PM
The contract is worthless paper. If Mullen goes 10-2, 11-1 or better, he will be the next Florida coach.



 :think:


Title: Re: Mississippi State coach Dan Mullen's new contract has strong academic provision
Post by: bama57 on October 17, 2014, 04:11:25 PM
The contract is worthless paper. If Mullen goes 10-2, 11-1 or better, he will be the next Florida coach.



 :think:
I JUST DON'T THINK THAT WILL HAPPEN!


Title: Re: Mississippi State coach Dan Mullen's new contract has strong academic provision
Post by: bama57 on October 17, 2014, 04:12:22 PM
Sorry, I didn't mean to holler :-[


Title: Re: Mississippi State coach Dan Mullen's new contract has strong academic provision
Post by: pmull on October 17, 2014, 04:40:59 PM
I wish I had a worthless piece of paper that paid me 3 Million a year.

Coaches come and go and contracts seem worthless but they are not. Fire a coach for losing and you will have to pay out the contract. If a coach, like Mullen, leaves early for another school a buyout is normally in place. There is no doubt contracts are usually slanted in the coaches favor because at the time of hire they have more leverage.


Title: Re: Mississippi State coach Dan Mullen's new contract has strong academic provision
Post by: Catch Prothro on October 17, 2014, 07:55:22 PM
I wish I had a worthless piece of paper that paid me 3 Million a year.

Coaches come and go and contracts seem worthless but they are not. Fire a coach for losing and you will have to pay out the contract. If a coach, like Mullen, leaves early for another school a buyout is normally in place. There is no doubt contracts are usually slanted in the coaches favor because at the time of hire they have more leverage.
Isn't that the truth.  Between his past coaching gigs, Charlie Wei$$ is one of the top 10 (in pay) college football coaches right now.

Quote
Altogether, Weis could be paid as much as $4.6 million in 2015 for having once been the head coach of two schools that were willing to eat the majority of his contract to see him go away. Based on the most recent numbers, from the 2013 season, that will make Weis one of the 10 highest-paid college football coaches in the nation even if he’s watching from his couch.
http://grantland.com/the-triangle/charlie-weis-buyout-riches-from-kansas-and-notre-dame/


Title: Re: Mississippi State coach Dan Mullen's new contract has strong academic provision
Post by: Marshal Dillon on October 17, 2014, 10:36:40 PM
Some of you are totally misunderstanding my comments about the contract being worthless paper. If Saban had left for Texas and & Texas paid for his breaking the Bama contract it would have been a meaningless contract and Saban would still be gone. Same goes for Mullen, he can leave and he gets all the benefits with little "punishment" but if he gets fired, he's rich. It's pretty much a one way street. Tuberville took $6 mil but I think if he had left on his own accord he would have had to pay $1 mil.




Title: Re: Mississippi State coach Dan Mullen's new contract has strong academic provision
Post by: Catch Prothro on October 17, 2014, 10:47:23 PM
SOme of you are totally misunderstanding my comments about the contract being worthless paper. If Saban had left for Texas and & Texas paid for his breaking the Bama contract it would have been a meaningless contract and Saban would still be gone. Same goes for Mullen, he can leave and he gets all the benefits with little "punishment" but if he gets fired, he's rich. It's pretty much a one way street. Tuberville took $6 mil but I think if he had left on his own accord he would have had to pay $1 mil.



I don't think Saban has a buyout clause.


Title: Re: Mississippi State coach Dan Mullen's new contract has strong academic provision
Post by: Marshal Dillon on October 17, 2014, 11:06:18 PM
SOme of you are totally misunderstanding my comments about the contract being worthless paper. If Saban had left for Texas and & Texas paid for his breaking the Bama contract it would have been a meaningless contract and Saban would still be gone. Same goes for Mullen, he can leave and he gets all the benefits with little "punishment" but if he gets fired, he's rich. It's pretty much a one way street. Tuberville took $6 mil but I think if he had left on his own accord he would have had to pay $1 mil.



I don't think Saban has a buyout clause.



I think you are right but I was not sure.




Title: Re: Mississippi State coach Dan Mullen's new contract has strong academic provision
Post by: pmull on October 18, 2014, 08:10:56 AM
Some of you are totally misunderstanding my comments about the contract being worthless paper. If Saban had left for Texas and & Texas paid for his breaking the Bama contract it would have been a meaningless contract and Saban would still be gone. Same goes for Mullen, he can leave and he gets all the benefits with little "punishment" but if he gets fired, he's rich. It's pretty much a one way street. Tuberville took $6 mil but I think if he had left on his own accord he would have had to pay $1 mil.




Employees are not slaves. You can not keep them against their will. When a buyout clause is included in the contract you acknowledge they can leave for another job. Most business employee contracts do not have buyouts but many have non-compete clauses. There are a lot of terms in a contract that are binding that do not get much public attention.