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Toledo inks Jason Candle to highest salary in MAC history
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MidnightBlueGold Offline
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Post: #11
RE: Toledo inks Jason Candle to highest salary in MAC history
(12-16-2017 01:45 PM)IULurker Wrote:  Really, this raise was likely not to retain him. Actually, it is quite the opposite. UT probably expects Candle to leave for greener pastures very soon. By giving him that salary bump, there will be a corresponding increase in his buyout. So when he leaves, they will have obtained a return on the salary increase because the buyout UT receives will be more than the extra money they have paid him up to that point.

His buyout went from $300k to $450k. That's chump change to P5 schools.
12-16-2017 04:23 PM
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emu steve Offline
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Post: #12
RE: Toledo inks Jason Candle to highest salary in MAC history
(12-16-2017 01:45 PM)IULurker Wrote:  Really, this raise was likely not to retain him. Actually, it is quite the opposite. UT probably expects Candle to leave for greener pastures very soon. By giving him that salary bump, there will be a corresponding increase in his buyout. So when he leaves, they will have obtained a return on the salary increase because the buyout UT receives will be more than the extra money they have paid him up to that point.

I would think it has several positives for both UT and the coach.

1). The coach see his salary in the out years increase which would help him with his next contract (regardless of where it is).

2). UT stands to pick up extra buyout $.
12-16-2017 05:21 PM
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Love and Honor Offline
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Post: #13
RE: Toledo inks Jason Candle to highest salary in MAC history
(12-16-2017 04:23 PM)MidnightBlueGold Wrote:  
(12-16-2017 01:45 PM)IULurker Wrote:  Really, this raise was likely not to retain him. Actually, it is quite the opposite. UT probably expects Candle to leave for greener pastures very soon. By giving him that salary bump, there will be a corresponding increase in his buyout. So when he leaves, they will have obtained a return on the salary increase because the buyout UT receives will be more than the extra money they have paid him up to that point.

His buyout went from $300k to $450k. That's chump change to P5 schools.

Never mind then, I was operating with the assumption that anyone would have to buy out his entire contract.
12-16-2017 07:00 PM
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MidnightBlueGold Offline
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Post: #14
RE: Toledo inks Jason Candle to highest salary in MAC history
(12-16-2017 07:00 PM)Love and Honor Wrote:  
(12-16-2017 04:23 PM)MidnightBlueGold Wrote:  
(12-16-2017 01:45 PM)IULurker Wrote:  Really, this raise was likely not to retain him. Actually, it is quite the opposite. UT probably expects Candle to leave for greener pastures very soon. By giving him that salary bump, there will be a corresponding increase in his buyout. So when he leaves, they will have obtained a return on the salary increase because the buyout UT receives will be more than the extra money they have paid him up to that point.

His buyout went from $300k to $450k. That's chump change to P5 schools.

Never mind then, I was operating with the assumption that anyone would have to buy out his entire contract.

I wish they woulda made it like $1M if he leaves in 2017, then like $100-200k less as each year passes.
12-16-2017 08:39 PM
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JSF Offline
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Post: #15
RE: Toledo inks Jason Candle to highest salary in MAC history
(12-15-2017 10:42 PM)GFlash68 Wrote:  The price of playing poker just went up.

I'd like to fold.
12-16-2017 09:34 PM
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IULurker Offline
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Post: #16
RE: Toledo inks Jason Candle to highest salary in MAC history
$450,000?!?! Lester's buyout is $1 million less 200k per year. $450k is less than what Martin would owe Miami if he were to leave on his own.
12-16-2017 11:02 PM
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Miami (Oh) Yeah ! Offline
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Post: #17
RE: Toledo inks Jason Candle to highest salary in MAC history
Buy-outs should be AT LEAST one year's salary ($1.2MM in this instance) to pay for the next coaches transition year salary. No coach should ever argue that. Want a lower buy-out? than except a lower salary. your choice.
12-17-2017 09:54 AM
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Lord Stanley Online
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Post: #18
RE: Toledo inks Jason Candle to highest salary in MAC history
(12-16-2017 04:23 PM)MidnightBlueGold Wrote:  His buyout went from $300k to $450k. That's chump change to P5 schools.

More like chump change to the individual football booster who will write the check on behalf of the P5 school.
12-18-2017 01:34 PM
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UofToledoFans Offline
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Post: #19
RE: Toledo inks Jason Candle to highest salary in MAC history
Isnt the buyout the entire left over contract plus the buyout money. Essentially, 450k is the key to the contract then the buyer pays up thru the year.... Right?
12-18-2017 01:55 PM
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MidnightBlueGold Offline
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Post: #20
RE: Toledo inks Jason Candle to highest salary in MAC history
(12-18-2017 01:55 PM)UofToledoFans Wrote:  Isnt the buyout the entire left over contract plus the buyout money. Essentially, 450k is the key to the contract then the buyer pays up thru the year.... Right?

Depends on the contract. In JC's contract, he (or the new school) would 'only' have to pay $450k.
12-18-2017 06:09 PM
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