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Carey's Buyout
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huskiebob Offline
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Post: #1
Carey's Buyout
I'm not gonna post the entire contract for a variety of reasons, but here's the buyout clause from Rod Carey's amended contract. In case you're wondering where it came from, it was obtained by a FOIA request from RebootIllinois.

[Image: ScreenShot2014-12-22at50833PM.png]


12-22-2014 05:20 PM
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BarsemaBone2 Offline
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Post: #2
RE: Carey's Buyout
Thanks for finding this. It's about what I thought it would be.

I'd imagine once he gets his new deal after the bowl game he'll get a pay raise and the buyout will go up as well.
12-22-2014 05:25 PM
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huskiealum03 Offline
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Post: #3
RE: Carey's Buyout
are all those values additive? that is to say if he signed on to another team prior to 6-30-14, the university would be entitled all the dollar amounts through 2019?
12-22-2014 05:45 PM
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thxjoenovak Offline
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Post: #4
Carey's Buyout
(12-22-2014 05:45 PM)huskiealum03 Wrote:  are all those values additive? that is to say if he signed on to another team prior to 6-30-14, the university would be entitled all the dollar amounts through 2019?

Not the way I read it but what do I know...
12-22-2014 05:47 PM
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armour248 Offline
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Post: #5
RE: Carey's Buyout
(12-22-2014 05:45 PM)huskiealum03 Wrote:  are all those values additive? that is to say if he signed on to another team prior to 6-30-14, the university would be entitled all the dollar amounts through 2019?

No I'm sure those are individual amounts
12-22-2014 05:49 PM
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huskiebob Offline
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Post: #6
RE: Carey's Buyout
(12-22-2014 05:49 PM)armour248 Wrote:  
(12-22-2014 05:45 PM)huskiealum03 Wrote:  are all those values additive? that is to say if he signed on to another team prior to 6-30-14, the university would be entitled all the dollar amounts through 2019?

No I'm sure those are individual amounts

That is correct.
12-22-2014 06:16 PM
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MaddDawgz02 Offline
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Post: #7
RE: Carey's Buyout
I don't think the climate right now is one where we have to worry about Carey moving up
12-22-2014 06:23 PM
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7 Offline
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Post: #8
RE: Carey's Buyout
I bet he gets a raise and they bump it up again.
12-22-2014 06:37 PM
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