The money boys may have the funding but evidently they “Ain’t to Smart” if they inked a deal they cannot get out of. Sad.

Josh need to go ASAP/Now. Period. If not I'm done with Tiger basketball. And I'm not alone.

Do some of you people really believe the money men would enter an agreement they couldn't exit with minimal pain? They didn't make their money by being stupid.

What may seem like a lot of money to you is pocket change to them.

(12-14-2014 08:39 PM)Malachi Wrote:  Do some of you people really believe the money men would enter an agreement they couldn't exit with minimal pain? They didn't make their money by being stupid.

What may seem like a lot of money to you is pocket change to them.

Apparently not.

(12-14-2014 08:39 PM)Malachi Wrote:  Do some of you people really believe the money men would enter an agreement they couldn't exit with minimal pain? They didn't make their money by being stupid.

What may seem like a lot of money to you is pocket change to them.

tRUeth

(12-14-2014 08:40 PM)80sTiger Wrote:  

(12-14-2014 08:39 PM)Malachi Wrote:  Do some of you people really believe the money men would enter an agreement they couldn't exit with minimal pain? They didn't make their money by being stupid.

What may seem like a lot of money to you is pocket change to them.

Apparently not.

Yep.

Look, they're not stupid. They are business geniuses. But for some reason they setup this contract like they did. And the payout is chump change compared to their net worth, but $10M+ is real money folks. That's the situation where we find ourselves.

(12-14-2014 08:52 PM)80sTiger Wrote:  Look, they're not stupid. They are business geniuses. But for some reason they setup this contract like they did. And the payout is chump change compared to their net worth, but $10M+ is real money folks. That's the situation where we find ourselves.

Are we sure it's $10m?n even if it is, again, these guys wouldn't have agreed to it if they couldn't pay it.

(12-14-2014 08:52 PM)80sTiger Wrote:  Look, they're not stupid. They are business geniuses. But for some reason they setup this contract like they did. And the payout is chump change compared to their net worth, but $10M+ is real money folks. That's the situation where we find ourselves.

how many teams does it need to be repeated the buyout is capped at 5 million?

(12-14-2014 08:54 PM)Malachi Wrote:  

(12-14-2014 08:52 PM)80sTiger Wrote:  Look, they're not stupid. They are business geniuses. But for some reason they setup this contract like they did. And the payout is chump change compared to their net worth, but $10M+ is real money folks. That's the situation where we find ourselves.

Are we sure it's $10m?n even if it is, again, these guys wouldn't have agreed to it if they couldn't pay it.

Yes. That's the money. Nothing I've seen or heard to make me think there's some other secret contract or buyout. Only thing short of that would be to negotiate something with Josh to leave early, but not sure what his motivation to leave that money on the table would be.

(12-14-2014 08:57 PM)jgardne Wrote:  

(12-14-2014 08:52 PM)80sTiger Wrote:  Look, they're not stupid. They are business geniuses. But for some reason they setup this contract like they did. And the payout is chump change compared to their net worth, but $10M+ is real money folks. That's the situation where we find ourselves.

how many teams does it need to be repeated the buyout is capped at 5 million?

I apologize ... if there is something about a $5M payoff I'd like to see it.

(12-14-2014 08:58 PM)80sTiger Wrote:  

(12-14-2014 08:54 PM)Malachi Wrote:  

(12-14-2014 08:52 PM)80sTiger Wrote:  Look, they're not stupid. They are business geniuses. But for some reason they setup this contract like they did. And the payout is chump change compared to their net worth, but $10M+ is real money folks. That's the situation where we find ourselves.

Are we sure it's $10m?n even if it is, again, these guys wouldn't have agreed to it if they couldn't pay it.

Yes. That's the money. Nothing I've seen or heard to make me think there's some other secret contract or buyout. Only thing short of that would be to negotiate something with Josh to leave early, but not sure what his motivation to leave that money on the table would be.

There's no secret agreement but there are built in renewal dates that affect the terms and money owed.

I'm sure someone at the CA is digging deeper into the buyout to get the real facts.

(12-14-2014 08:54 PM)Malachi Wrote:  

(12-14-2014 08:52 PM)80sTiger Wrote:  Look, they're not stupid. They are business geniuses. But for some reason they setup this contract like they did. And the payout is chump change compared to their net worth, but $10M+ is real money folks. That's the situation where we find ourselves.

Are we sure it's $10m?n even if it is, again, these guys wouldn't have agreed to it if they couldn't pay it.

Pastner has a $2.6 million per year guaranteed contract through the 2017-2018 season, he is due that money whether he is our coach or not.

If he were fired after this season, he would be due about $7.5 million. This is why it is very unlikely that he will be fired anytime soon. He was given the contract because the University wanted to keep him and they believed at the time that that was the minimum contract that it would take to keep him here.

He can buy his way out of the contract $600,000 if he leaves before April 6, 2015; and $500,000 if he leaves after April 7, 2015.


the CA received a copy of the contract and wrote about it

(12-14-2014 09:02 PM)BinghamptonNed Wrote:  

(12-14-2014 08:54 PM)Malachi Wrote:  

(12-14-2014 08:52 PM)80sTiger Wrote:  Look, they're not stupid. They are business geniuses. But for some reason they setup this contract like they did. And the payout is chump change compared to their net worth, but $10M+ is real money folks. That's the situation where we find ourselves.

Are we sure it's $10m?n even if it is, again, these guys wouldn't have agreed to it if they couldn't pay it.

Pastner has a $2.6 million per year guaranteed contract through the 2017-2018 season, he is due that money whether he is our coach or not.

If he were fired after this season, he would be due about $7.5 million. This is why it is very unlikely that he will be fired anytime soon. He was given the contract because the University wanted to keep him and they believed at the time that that was the minimum contract that it would take to keep him here.

He can buy his way out of the contract $600,000 if he leaves before April 6, 2015; and $500,000 if he leaves after April 7, 2015.


the CA received a copy of the contract and wrote about it

That's not a horrible buyout. I think he gets another season anyway but my goodness will the fan support be miserable next year.

(12-14-2014 09:02 PM)BinghamptonNed Wrote:  

(12-14-2014 08:54 PM)Malachi Wrote:  

(12-14-2014 08:52 PM)80sTiger Wrote:  Look, they're not stupid. They are business geniuses. But for some reason they setup this contract like they did. And the payout is chump change compared to their net worth, but $10M+ is real money folks. That's the situation where we find ourselves.

Are we sure it's $10m?n even if it is, again, these guys wouldn't have agreed to it if they couldn't pay it.

Pastner has a $2.6 million per year guaranteed contract through the 2017-2018 season, he is due that money whether he is our coach or not.

If he were fired after this season, he would be due about $7.5 million. This is why it is very unlikely that he will be fired anytime soon. He was given the contract because the University wanted to keep him and they believed at the time that that was the minimum contract that it would take to keep him here.

He can buy his way out of the contract $600,000 if he leaves before April 6, 2015; and $500,000 if he leaves after April 7, 2015.


the CA received a copy of the contract and wrote about it

Thanks ... I was a bit high on the $ but this was my understanding contractually. If this was the minimum to keep him we should've let him go. He's a good guy and hard worker, but he's not that exclusive or unique.

(12-14-2014 01:16 AM)thewood3 Wrote:  Made the same thread 3 years ago and got slammed.

Anyone arguing now?

How many years of his contract are you personally gonna pick up the tab for?

.

(12-14-2014 09:28 PM)Cletus Wrote:  

(12-14-2014 01:16 AM)thewood3 Wrote:  Made the same thread 3 years ago and got slammed.

Anyone arguing now?

How many years of his contract are you personally gonna pick up the tab for?

.

Why would he have to do that?

Hey Josh,
2.65M a year for mediocrity isn't a birthright.

People post these threads like Pastner reads this board. The WWJD thread was an extreme reach

(12-14-2014 01:16 AM)thewood3 Wrote:  Made the same thread 3 years ago and got slammed.

Anyone arguing now?

Yes. This is an overly simplistic solution
We will return to greatness under coach pastner.
Have patience and keep the faith.