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This is what Pastner Gets if he is fired
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Halfcourt Offline
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Post: #41
RE: This is what Pastner Gets if he is fired
(11-20-2015 02:51 PM)UofMemphis Wrote:  
(11-20-2015 12:49 PM)450bench Wrote:  The buyout is a negotiable number. It won't be anywhere near that amount.
Regardless of the amount, the money is there. They'll pull the trigger when they see fit. Attendance will be the final killer for Josh.

03-lmfao explain why you would give up 1 penny of money owed to you? lol

Because Pastner wants to coach again. Like many have said this is common practice in the industry. He will already be damaged goods if we are firing him. It would further damage whats left of his reputation to kick and scream out the door.

Make no mistake, he will still get paid but it won't be the full amount in the contract.
11-20-2015 05:50 PM
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UofMstateU Offline
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Post: #42
RE: This is what Pastner Gets if he is fired
Someone remind me of all of the football coaches we have fired, who negotiated their contract down so they wouldnt be seen leaving kicking and screaming?

And some are confusing the buyout clause in the wrong direction; buyout clauses are normally for coaches to breach the contract. Not for the school to terminate a contract early.

The only way there will be a negotiation downward is if Josh has an interesting opportunity. He may ask for his buyout clause to be eliminated, and the school may agree if they are ready for a change.

But if Josh doesnt have another job offer he's willing to leave for, then we will be paying the remainder of his contract. The contract may stipulate that we get to deduct any amount of compensation he gets from another school during the contract.

Thats about as far as negotiations to fire him will go.
11-20-2015 06:01 PM
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Tygrys Offline
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Post: #43
RE: This is what Pastner Gets if he is fired
(11-20-2015 06:01 PM)UofMstateU Wrote:  Someone remind me of all of the football coaches we have fired, who negotiated their contract down so they wouldnt be seen leaving kicking and screaming?

And some are confusing the buyout clause in the wrong direction; buyout clauses are normally for coaches to breach the contract. Not for the school to terminate a contract early.

The only way there will be a negotiation downward is if Josh has an interesting opportunity. He may ask for his buyout clause to be eliminated, and the school may agree if they are ready for a change.

But if Josh doesnt have another job offer he's willing to leave for, then we will be paying the remainder of his contract. The contract may stipulate that we get to deduct any amount of compensation he gets from another school during the contract.

Thats about as far as negotiations to fire him will go.

Tommy West did go out kicking and screaming but his buyout was the contract less any new job contract and. Porter was the same deal.
11-20-2015 06:13 PM
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uofmcamaro Offline
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Post: #44
RE: This is what Pastner Gets if he is fired
Who in their right mind bricks their $100.00's in straps of $5k? Its either $2k straps or $10k straps.
11-20-2015 07:09 PM
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MTigerBlue Offline
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Post: #45
RE: This is what Pastner Gets if he is fired
Maybe we could use this clause:

TERMINATION OF FUNDING

The University may terminate this Agreement at the end of any fiscal year (June 30) in the event that sufficient funds are not appropriated by the Tennessee General Assembly and/or budgeted for the continuation of this agreement.


Golly Josh, we just forgot to budget any money to continue your contract.
(This post was last modified: 11-21-2015 09:15 AM by MTigerBlue.)
11-21-2015 12:44 AM
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3rdgenerationtiger Offline
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Post: #46
RE: This is what Pastner Gets if he is fired
(11-20-2015 03:38 PM)Sundanceuiuc Wrote:  
(11-20-2015 03:34 PM)tiger2000 Wrote:  
(11-20-2015 03:27 PM)MemphisCanes Wrote:  
(11-20-2015 03:18 PM)tiger2000 Wrote:  Excluding any negotiation scenarios, if he is fired, he is owed the balance of his contract through 2019-2020 @ 2.65MM per year.

Where are you getting this line?

commercial appeal articles. I know what you're getting at but there is no "buyout" in the contract. He is owed the remainder of the contract which auto-renewed last year through 2019-2020 should he be fired.

This was reconfirmed by Schad via twitter less than a month ago.

Yep $10M. If he is relieved, I fully assume some of it to be negotiated down, but it will still be a good deal (almost all?) of it.

C'est la vie. Let's hope we win enough to stem the tide and get back to winning big.

There are always options to negotiate. Depending on the contract terms, he may be restricted from coaching at another institution as long as he is "under contract" to the university. He also could possibly be kept on the payroll as a "special university consultant" and placed in a office with nothing to do for the term of his contract. Yes he would get his full contracted pay but he would be totally out of coaching for four or so years. Would he want to end his career for the remainder of his contract just to get paid?

That's why the parties negotiate.

When Calipari was fired by the Nets his contract stipulations were that he got paid as long as he did not take another job coaching in the NBA. That's why he came here. He was paid double for those years since he did not coach in the NBA..
11-21-2015 02:42 AM
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Tiger Greg Offline
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Post: #47
RE: This is what Pastner Gets if he is fired
Cal went to Kansas.
11-21-2015 02:59 AM
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UofMstateU Offline
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Post: #48
RE: This is what Pastner Gets if he is fired
(11-21-2015 12:44 AM)MTigerBlue Wrote:  Maybe we could use this clause:

TERMINATION OF FUNDING

The University may terminate this Agreement at the end of any fiscal year (June 30) in the event that sufficient funds are not appropriated by the Tennessee General Assembly and/or budgeted for the continuation of this agreement.


Golly Josh, we just forgot to budget any money to continue your contract.

Yea, let's see how many of those new coaches will sign the contract with that in there. Keep in mind that the state is responsible for very little of Pastners salary anyway.

I feel we need to put out a public service announcement on contracts, and what they really mean. Some of you guys think that they are easily broken or negotiated down.
Please dont enter the real world and sign your name on a dotted line with that mentality. You will find out how painfully untrue it is.
11-21-2015 11:46 AM
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Tiger1983 Offline
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Post: #49
RE: This is what Pastner Gets if he is fired
(11-21-2015 11:46 AM)UofMstateU Wrote:  
(11-21-2015 12:44 AM)MTigerBlue Wrote:  Maybe we could use this clause:

TERMINATION OF FUNDING

The University may terminate this Agreement at the end of any fiscal year (June 30) in the event that sufficient funds are not appropriated by the Tennessee General Assembly and/or budgeted for the continuation of this agreement.


Golly Josh, we just forgot to budget any money to continue your contract.

Yea, let's see how many of those new coaches will sign the contract with that in there. Keep in mind that the state is responsible for very little of Pastners salary anyway.

I feel we need to put out a public service announcement on contracts, and what they really mean. Some of you guys think that they are easily broken or negotiated down.
Please dont enter the real world and sign your name on a dotted line with that mentality. You will find out how painfully untrue it is.

It is a standard clause in State contracts and leases. I believe it is not as simple as stating there is no money for the contract. Indeed, I cannot recall one instance when the clause was invoked (not saying it has not happened) in twenty-eight years.

Oops, game is on.....
(This post was last modified: 11-21-2015 04:57 PM by Tiger1983.)
11-21-2015 12:06 PM
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MTigerBlue Offline
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Post: #50
RE: This is what Pastner Gets if he is fired
(11-21-2015 11:46 AM)UofMstateU Wrote:  
(11-21-2015 12:44 AM)MTigerBlue Wrote:  Maybe we could use this clause:

TERMINATION OF FUNDING

The University may terminate this Agreement at the end of any fiscal year (June 30) in the event that sufficient funds are not appropriated by the Tennessee General Assembly and/or budgeted for the continuation of this agreement.


Golly Josh, we just forgot to budget any money to continue your contract.

Yea, let's see how many of those new coaches will sign the contract with that in there.

Why not? Josh did.
11-21-2015 01:43 PM
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UofMstateU Offline
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Post: #51
RE: This is what Pastner Gets if he is fired
(11-21-2015 01:43 PM)MTigerBlue Wrote:  
(11-21-2015 11:46 AM)UofMstateU Wrote:  
(11-21-2015 12:44 AM)MTigerBlue Wrote:  Maybe we could use this clause:

TERMINATION OF FUNDING

The University may terminate this Agreement at the end of any fiscal year (June 30) in the event that sufficient funds are not appropriated by the Tennessee General Assembly and/or budgeted for the continuation of this agreement.


Golly Josh, we just forgot to budget any money to continue your contract.

Yea, let's see how many of those new coaches will sign the contract with that in there.

Why not? Josh did.

And we'd still owe him $10M.
11-21-2015 01:45 PM
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