OT: Jimmy Sexton lands another one

[18IsTheMan]

Details of Sarkisian's new contact have come out and it contains massive buyout numbers.

Not quite Fisher-level money, but any buyout before the 2028 season would result in the 2nd largest buyout ever. Buyout by year:
$54,315,000
$45,475,000
$36,550.00
$27,540.000
$18,445,00
$9,265,000

Win or lose, Sark is set for life, and maybe his kids as well.

There is language in the contract that obligates him to make reasonable attempts at finding another football-related job, but that obligation goes away after 2026.

Documents reveal details of Steve Sarkisian's contract extension, including buyout numbers

Documents obtained by Inside Texas via open records request reveal that if the University of Texas wanted to move on from Steve Sarkisian before the end of term of his contract extension in 2030, the school would owe him 85 percent of the remaining balance on his contract.

www.on3.com

 

[Prestonyte]

Money flows out of the ground freely in Texas

 

[Deleted11512]

Details of Sarkisian's new contact have come out and it contains massive buyout numbers.

Not quite Fisher-level money, but any buyout before the 2028 season would result in the 2nd largest buyout ever. Buyout by year:
$54,315,000
$45,475,000
$36,550.00
$27,540.000
$18,445,00
$9,265,000

Win or lose, Sark is set for life, and maybe his kids as well.

There is language in the contract that obligates him to make reasonable attempts at finding another football-related job, but that obligation goes away after 2026.

Documents reveal details of Steve Sarkisian's contract extension, including buyout numbers

Documents obtained by Inside Texas via open records request reveal that if the University of Texas wanted to move on from Steve Sarkisian before the end of term of his contract extension in 2030, the school would owe him 85 percent of the remaining balance on his contract.

www.on3.com

haha. And ya'll shy about paying LP a few milly more for one year of success. TX has gone balls deep on a guy that before this year was 9-9 in the B12 and 15-12 overall. Not saying they shouldn't, but hot dam that's yuge.

 

[muscleknight]

The Colonial Center cost 60 million. This is getting insane when you are giving capital type money to coaches.

 

[Prestonyte]

Coaches used to get rewarded for success.
Now, failure has major rewards - not only for coaches, but CEO's have also gotten on the buyout gravy train.

 

[Deleted11512]

The Colonial Center cost 60 million. This is getting insane when you are giving capital type money to coaches.

Yep!! Now go donate another $15/mth to NIL, mules!! What a scam this whole system is.

 

[18IsTheMan]

Coaches used to get rewarded for success.
Now, failure has major rewards - not only for coaches, but CEO's have also gotten on the buyout gravy train.

Seriously, what’s the incentive when failure results in $54 million?

 

[Uscg1984]

Win or lose, Sark is set for life, and maybe his kids as well.

Seriously. And not just his kids. His grandkids and great-grandkids too, assuming they are all halfway responsible with their money. Of course, we know it never ends up that way.

But those are not numbers for the "rich." Those are numbers for the "filthy rich." He probably isn't worried about the low contribution limits of Roth IRAs.

 

[Prestonyte]

Seriously, what’s the incentive when failure results in $54 million?

My point exactly!

 

[LonghornsGamecocks]

haha. And ya'll shy about paying LP a few milly more for one year of success. TX has gone balls deep on a guy that before this year was 9-9 in the B12 and 15-12 overall. Not saying they shouldn't, but hot dam that's yuge.

We go balls deep on anyone, any time. Sometimes we get Chlamydia.

 

[LonghornsGamecocks]

The Colonial Center cost 60 million. This is getting insane when you are giving capital type money to coaches.

I'll go to my grave believing it's the worst $60M the university ever spent. I effing hate that building. Should have renovated the Frank. Come at me, bro.

 

[Rogue Cock]

Coaches used to get rewarded for success.
Now, failure has major rewards - not only for coaches, but CEO's have also gotten on the buyout gravy train.

CEOs have had extravagant "golden parachutes" for many, many years.