(01-31-2017 06:06 PM)Reggie Favre Wrote:  

(01-31-2017 05:15 PM)usm99 Wrote:  

(01-31-2017 01:52 PM)Reggie Favre Wrote:  There cant possibly be a buyout of $500k. Would have to be closer to $2 mill. Prob $2.5.

The amount of money lost from ticket sales alone would be about $1,000,000....so the buyout cant be $500k (unless they negotiated future games as well).

Actually, even if they did negotiate future games, i dont see how it could be a $500k buyout. That would result in a net loss of over $500k. If we are already millions of dollars in the red, then we cant afford to add half a million more.

Considering we got this home and home with UK only because UAB didn't have a team to play them, I would be surprised if the buyout was that high. My guess would be closer to $200k.

help me understand how we could do a $200k buyout. ?

if we keep the game at home....we argue that 36,000 tickets sales at $25 a piece (estimates) = $900,000. plus concessions = roughly $1,000,000 total that we stand to lose by not having the game at home. Again, these are estimates but any way you slice it, its pretty close to $1,000,000 i'd imagine and reasonable to argue to Kentucky. Therefore, we would lose $800,000 by selling it for $200k, rather than making $1,000,000. plus, we would have travel cost to Kentucky. explain to me how or why we would sell the game for $200k...or $500k....or even $1,000,000?

A typical buyout is in the original contract and isn't really what you're speaking about .... a buyout is should something come up or even just the desire to not play the game, each team can buy the contract out for x number of dollars. Those will have a date certain by which the team buying out the contract must inform the other team and make the transaction.

What you've described is more of selling a home game to KY much like we sold a game to Nebraska a few years back. In that case, especially if the date to enact the buyout clause in the original contract has passed, we've got them by the gonads. Just how firm that grip is depends on just how bad they want the game in Lexington. I'd say that number at a minimum would be $2million...or even $2million plus standard travel fee amounts. I'd push the envelope if I were the new AD to get $3m ... which is adding about 15% to our total athletic budget. They can afford it and we couldn't afford not to accept it.

(02-01-2017 09:26 AM)WinOrLoseEAGLE Wrote:  

(01-31-2017 06:06 PM)Reggie Favre Wrote:  

(01-31-2017 05:15 PM)usm99 Wrote:  

(01-31-2017 01:52 PM)Reggie Favre Wrote:  There cant possibly be a buyout of $500k. Would have to be closer to $2 mill. Prob $2.5.

The amount of money lost from ticket sales alone would be about $1,000,000....so the buyout cant be $500k (unless they negotiated future games as well).

Actually, even if they did negotiate future games, i dont see how it could be a $500k buyout. That would result in a net loss of over $500k. If we are already millions of dollars in the red, then we cant afford to add half a million more.

Considering we got this home and home with UK only because UAB didn't have a team to play them, I would be surprised if the buyout was that high. My guess would be closer to $200k.

help me understand how we could do a $200k buyout. ?

if we keep the game at home....we argue that 36,000 tickets sales at $25 a piece (estimates) = $900,000. plus concessions = roughly $1,000,000 total that we stand to lose by not having the game at home. Again, these are estimates but any way you slice it, its pretty close to $1,000,000 i'd imagine and reasonable to argue to Kentucky. Therefore, we would lose $800,000 by selling it for $200k, rather than making $1,000,000. plus, we would have travel cost to Kentucky. explain to me how or why we would sell the game for $200k...or $500k....or even $1,000,000?

A typical buyout is in the original contract and isn't really what you're speaking about .... a buyout is should something come up or even just the desire to not play the game, each team can buy the contract out for x number of dollars. Those will have a date certain by which the team buying out the contract must inform the other team and make the transaction.

What you've described is more of selling a home game to KY much like we sold a game to Nebraska a few years back. In that case, especially if the date to enact the buyout clause in the original contract has passed, we've got them by the gonads. Just how firm that grip is depends on just how bad they want the game in Lexington. I'd say that number at a minimum would be $2million...or even $2million plus standard travel fee amounts. I'd push the envelope if I were the new AD to get $3m ... which is adding about 15% to our total athletic budget. They can afford it and we couldn't afford not to accept it.

Great. Sounds like you agree with my very first post on this matter (which you quoted above). $2 - 2.5 mill.


http://csnbbs.com/thread-807213-post-140...id14049204

(02-01-2017 09:38 AM)Reggie Favre Wrote:  

(02-01-2017 09:26 AM)WinOrLoseEAGLE Wrote:  

(01-31-2017 06:06 PM)Reggie Favre Wrote:  

(01-31-2017 05:15 PM)usm99 Wrote:  

(01-31-2017 01:52 PM)Reggie Favre Wrote:  There cant possibly be a buyout of $500k. Would have to be closer to $2 mill. Prob $2.5.

The amount of money lost from ticket sales alone would be about $1,000,000....so the buyout cant be $500k (unless they negotiated future games as well).

Actually, even if they did negotiate future games, i dont see how it could be a $500k buyout. That would result in a net loss of over $500k. If we are already millions of dollars in the red, then we cant afford to add half a million more.

Considering we got this home and home with UK only because UAB didn't have a team to play them, I would be surprised if the buyout was that high. My guess would be closer to $200k.

help me understand how we could do a $200k buyout. ?

if we keep the game at home....we argue that 36,000 tickets sales at $25 a piece (estimates) = $900,000. plus concessions = roughly $1,000,000 total that we stand to lose by not having the game at home. Again, these are estimates but any way you slice it, its pretty close to $1,000,000 i'd imagine and reasonable to argue to Kentucky. Therefore, we would lose $800,000 by selling it for $200k, rather than making $1,000,000. plus, we would have travel cost to Kentucky. explain to me how or why we would sell the game for $200k...or $500k....or even $1,000,000?

A typical buyout is in the original contract and isn't really what you're speaking about .... a buyout is should something come up or even just the desire to not play the game, each team can buy the contract out for x number of dollars. Those will have a date certain by which the team buying out the contract must inform the other team and make the transaction.

What you've described is more of selling a home game to KY much like we sold a game to Nebraska a few years back. In that case, especially if the date to enact the buyout clause in the original contract has passed, we've got them by the gonads. Just how firm that grip is depends on just how bad they want the game in Lexington. I'd say that number at a minimum would be $2million...or even $2million plus standard travel fee amounts. I'd push the envelope if I were the new AD to get $3m ... which is adding about 15% to our total athletic budget. They can afford it and we couldn't afford not to accept it.

Great. Sounds like you agree with my very first post on this matter (which you quoted above). $2 - 2.5 mill.


http://csnbbs.com/thread-807213-post-140...id14049204

Well, your question was in the first sentence ... how do we do a $200k buyout. My answer was a "buyout" is whatever is in the contract that was long ago signed. Moving the game is a different scenario. And yes, I agreed with you except that you labeled it a buy out.

The man who signed the contract has a recurring extension on our basketball coach. So no, I wouldn't be surprised if there was a 'buyout' of a women's tennis match in the contract.

(02-01-2017 09:26 AM)WinOrLoseEAGLE Wrote:  

(01-31-2017 06:06 PM)Reggie Favre Wrote:  

(01-31-2017 05:15 PM)usm99 Wrote:  

(01-31-2017 01:52 PM)Reggie Favre Wrote:  There cant possibly be a buyout of $500k. Would have to be closer to $2 mill. Prob $2.5.

The amount of money lost from ticket sales alone would be about $1,000,000....so the buyout cant be $500k (unless they negotiated future games as well).

Actually, even if they did negotiate future games, i dont see how it could be a $500k buyout. That would result in a net loss of over $500k. If we are already millions of dollars in the red, then we cant afford to add half a million more.

Considering we got this home and home with UK only because UAB didn't have a team to play them, I would be surprised if the buyout was that high. My guess would be closer to $200k.

help me understand how we could do a $200k buyout. ?

if we keep the game at home....we argue that 36,000 tickets sales at $25 a piece (estimates) = $900,000. plus concessions = roughly $1,000,000 total that we stand to lose by not having the game at home. Again, these are estimates but any way you slice it, its pretty close to $1,000,000 i'd imagine and reasonable to argue to Kentucky. Therefore, we would lose $800,000 by selling it for $200k, rather than making $1,000,000. plus, we would have travel cost to Kentucky. explain to me how or why we would sell the game for $200k...or $500k....or even $1,000,000?

A typical buyout is in the original contract and isn't really what you're speaking about .... a buyout is should something come up or even just the desire to not play the game, each team can buy the contract out for x number of dollars. Those will have a date certain by which the team buying out the contract must inform the other team and make the transaction.

What you've described is more of selling a home game to KY much like we sold a game to Nebraska a few years back. In that case, especially if the date to enact the buyout clause in the original contract has passed, we've got them by the gonads. Just how firm that grip is depends on just how bad they want the game in Lexington. I'd say that number at a minimum would be $2million...or even $2million plus standard travel fee amounts. I'd push the envelope if I were the new AD to get $3m ... which is adding about 15% to our total athletic budget. They can afford it and we couldn't afford not to accept it.

Assuming this rumor "might" be true that answer "should" be the only answer. Anything less than $2 mil and it shouldn't even be considered IMO. I like your thinking in going for $3 mil as that would pay a lot of bills.

There have been no discussions with USM on moving the game from Hattiesburg according to USM. So this all speculation from KU which is useless. Nothing to it.

(02-05-2017 09:57 PM)JBeagle Wrote:  There have been no discussions with USM on moving the game from Hattiesburg according to USM. So this all speculation from KU which is useless. Nothing to it.

..well sure, that's what they want you to believe....but in actuality they've been keeping this hush hush even moreso than the Ath Director search.

I never believe anything on Facebook.

Ace...

Discussions are occurring across the board. Now it's just a matter if we're smart enough to get money and future games out of the deal

(02-05-2017 11:13 PM)TheChosenOne Wrote:  Discussions are occurring across the board. Now it's just a matter if we're smart enough to get money and future games out of the deal

Actually, I don't believe that the Kentucky contract was one that we negotiated. I seem to recall that when UAB dropped FB, we picked up the home and home that they had signed with Kentucky.

(02-06-2017 02:03 PM)PaulDel2 Wrote:  

(02-05-2017 11:13 PM)TheChosenOne Wrote:  Discussions are occurring across the board. Now it's just a matter if we're smart enough to get money and future games out of the deal

Actually, I don't believe that the Kentucky contract was one that we negotiated. I seem to recall that when UAB dropped FB, we picked up the home and home that they had signed with Kentucky.

Paul, believe you're correct. I'm 'hoping' we some how come out on top. Prefer playing the game here however if that can't occur negotiate something beneficial. As you mentioned, contract could contain buyout language

I think the UAB/UK deal was a 1 game series in Lexington.

(02-06-2017 02:15 PM)TheChosenOne Wrote:  

(02-06-2017 02:03 PM)PaulDel2 Wrote:  

(02-05-2017 11:13 PM)TheChosenOne Wrote:  Discussions are occurring across the board. Now it's just a matter if we're smart enough to get money and future games out of the deal

Actually, I don't believe that the Kentucky contract was one that we negotiated. I seem to recall that when UAB dropped FB, we picked up the home and home that they had signed with Kentucky.

Paul, believe you're correct. I'm 'hoping' we some how come out on top. Prefer playing the game here however if that can't occur negotiate something beneficial. As you mentioned, contract could contain buyout language

Correct in that we picked it up because UAB had a contract with them. We did not assume that existing contract, but stepped in and made em an offer they couldn't refuse with a new contract when we knew they were in a tight situation. That is why they paid us the $200k (standard) for the visit there yet we are due to pay them $0 (very NOT standard) when they visit in 2017. I'd be shocked if they were able to move or buy out of the game this late into the process.

Just say "NO"..

(02-05-2017 09:57 PM)JBeagle Wrote:  There have been no discussions with USM on moving the game from Hattiesburg according to USM. So this all speculation from KU which is useless. Nothing to it.

They're not... "monitoring the situation" at least?

(02-06-2017 02:34 PM)Eagle Lurker Wrote:  

(02-06-2017 02:15 PM)TheChosenOne Wrote:  

(02-06-2017 02:03 PM)PaulDel2 Wrote:  

(02-05-2017 11:13 PM)TheChosenOne Wrote:  Discussions are occurring across the board. Now it's just a matter if we're smart enough to get money and future games out of the deal

Actually, I don't believe that the Kentucky contract was one that we negotiated. I seem to recall that when UAB dropped FB, we picked up the home and home that they had signed with Kentucky.

Paul, believe you're correct. I'm 'hoping' we some how come out on top. Prefer playing the game here however if that can't occur negotiate something beneficial. As you mentioned, contract could contain buyout language

Correct in that we picked it up because UAB had a contract with them. We did not assume that existing contract, but stepped in and made em an offer they couldn't refuse with a new contract when we knew they were in a tight situation. That is why they paid us the $200k (standard) for the visit there yet we are due to pay them $0 (very NOT standard) when they visit in 2017. I'd be shocked if they were able to move or buy out of the game this late into the process.

This is what was the word when it first came out. We pay them zero, nada, nothing.

(02-01-2017 12:07 PM)EagNBran Wrote:  The man who signed the contract has a recurring extension on our basketball coach. So no, I wouldn't be surprised if there was a 'buyout' of a women's tennis match in the contract.

All of our coaches' contracts in the recent past, stretching back to Pecos Bill and probably to Roland Dale, had the same clause. It's there to mitigate the effect of the four-year limit on employment contracts by the State of MS.

(02-07-2017 09:06 AM)RockTheRock Wrote:  

(02-01-2017 12:07 PM)EagNBran Wrote:  The man who signed the contract has a recurring extension on our basketball coach. So no, I wouldn't be surprised if there was a 'buyout' of a women's tennis match in the contract.

All of our coaches' contracts in the recent past, stretching back to Pecos Bill and probably to Roland Dale, had the same clause. It's there to mitigate the effect of the four-year limit on employment contracts by the State of MS.

I bet none of them had 4 year guaranteed contracts except E12loss Johnson.

(02-07-2017 11:51 AM)jebaroo Wrote:  

(02-07-2017 09:06 AM)RockTheRock Wrote:  

(02-01-2017 12:07 PM)EagNBran Wrote:  The man who signed the contract has a recurring extension on our basketball coach. So no, I wouldn't be surprised if there was a 'buyout' of a women's tennis match in the contract.

All of our coaches' contracts in the recent past, stretching back to Pecos Bill and probably to Roland Dale, had the same clause. It's there to mitigate the effect of the four-year limit on employment contracts by the State of MS.

I bet none of them had 4 year guaranteed contracts except E12loss Johnson.

Termination due to failure to win is not termination for cause.

(02-06-2017 05:59 PM)AndreWhere Wrote:  

(02-05-2017 09:57 PM)JBeagle Wrote:  There have been no discussions with USM on moving the game from Hattiesburg according to USM. So this all speculation from KU which is useless. Nothing to it.

They're not... "monitoring the situation" at least?

Munzly was told and USM sources said there has been no contact with us about moving the game. So, just a bunch of talk on their side. Also, season tickets have been sold with the game in Hattiesburg. A little late to change at this time. Nothing to get upset about. It's going to be played in Hattiesburg. See you at the Rock.