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<blockquote data-quote="bobongo" data-source="post: 885986" data-attributes="member: 3893"><p>[URL unfurl="true"]https://www.ajc.com/sports/college/geoff-collins-contract-averages-million-annually/bJ4d1P2cl9NxP0rXPaJyeJ/[/URL]</p><p></p><p>From the article:</p><p>"All told, the value of Collins’ seven-year contract is $23.1 million. </p><p></p><p>If he were to be fired within the first four years, Collins would receive 100 percent of the remaining value of the deal. After that, he would receive $2.4 million for each remaining season." </p><p></p><p></p><p>Through the end of this season, he will have made ~$12.4 million (about $3.1 million per year, on average). If he's let go after this year, he'll be due $7.2 million severance pay. If he's let go before the season ends, he'll get the whole $23.1 million. for the seven-year contract. </p><p></p><p>So, 23.1 - 12.4 = 10.7.</p><p>10.7 - 7.2 = 3.5.</p><p></p><p>Letting him go before the end of 2022 would cost Tech ~$3.5 million<em> plus</em> whatever we'd have to pay the interim, as I understand it.</p></blockquote><p></p>
[QUOTE="bobongo, post: 885986, member: 3893"] [URL unfurl="true"]https://www.ajc.com/sports/college/geoff-collins-contract-averages-million-annually/bJ4d1P2cl9NxP0rXPaJyeJ/[/URL] From the article: "All told, the value of Collins’ seven-year contract is $23.1 million. If he were to be fired within the first four years, Collins would receive 100 percent of the remaining value of the deal. After that, he would receive $2.4 million for each remaining season." Through the end of this season, he will have made ~$12.4 million (about $3.1 million per year, on average). If he's let go after this year, he'll be due $7.2 million severance pay. If he's let go before the season ends, he'll get the whole $23.1 million. for the seven-year contract. So, 23.1 - 12.4 = 10.7. 10.7 - 7.2 = 3.5. Letting him go before the end of 2022 would cost Tech ~$3.5 million[I] plus[/I] whatever we'd have to pay the interim, as I understand it. [/QUOTE]
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