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Georgia Tech Basketball
CBG buyout = $2.4 million
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<blockquote data-quote="GTRX7" data-source="post: 140320" data-attributes="member: 1045"><p>This. Dang. I thought I had seen it reported multiple times, including on here, that his buyout was more like $700k.</p><p></p><p>How in god's name are we so terrible at negotiating basketball coaches contracts! While the Hewitt contract auto-renew provision was still the worst thing I have ever seen, at least I get that he was an extremely hot commodity when we signed him to that contract, and we were really worried about him leaving. When we renewed CBG, he was not a hot commodity, and there was no chance of losing him to any school that was going to pay him as much as Tech. Why would we agree to guarantee him what essentially amounts to 75% of his pay for three years if we decide to fire him?!?</p></blockquote><p></p>
[QUOTE="GTRX7, post: 140320, member: 1045"] This. Dang. I thought I had seen it reported multiple times, including on here, that his buyout was more like $700k. How in god's name are we so terrible at negotiating basketball coaches contracts! While the Hewitt contract auto-renew provision was still the worst thing I have ever seen, at least I get that he was an extremely hot commodity when we signed him to that contract, and we were really worried about him leaving. When we renewed CBG, he was not a hot commodity, and there was no chance of losing him to any school that was going to pay him as much as Tech. Why would we agree to guarantee him what essentially amounts to 75% of his pay for three years if we decide to fire him?!? [/QUOTE]
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CBG buyout = $2.4 million
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