GravyTrain
Georgia Tech Fan
- Messages
- 49
I didn't want to hijack the thread that the following link was posted in, but here's CPJ's contract (including the extension after the '09 season) from the Coaches Hot Seat site:
http://www.coacheshotseat.com/CHSGeorgiaTech.pdf
Assuming this is legit, some interesting notes:
Also, the question(s) I have are in regards to the buyouts listed on page 27. The way it looks to me is that the buyout sum for each year is the total compensation for that year plus those of the remaining years of his contract (basically guarantees CPJ his salary of that year and any remaining). So then wouldn't CPJ's buyouts really be $5.255M currently and $2.667M after next season? I would assume we would already be paying him that year's compensation in installments during the course of the year (i.e. he has already received most if not all of his 2013 compensation). Am I reading this right?
Not trying to push any agenda here, just trying to truly understand the financial situation Tech is in.
http://www.coacheshotseat.com/CHSGeorgiaTech.pdf
Assuming this is legit, some interesting notes:
- CPJ only received a 1 year extension after the '09 season
- CPJ's entire contract is guaranteed (I assume from the '09 extension)
- The majority of CPJ's annual compensation comes from "Radio TV" appearances (>50%) and not his base salary (~14%)
- As of the 2011 season, CPJ gets an annual 3% increase in total compensation
- CPJ's contract expires December 31, 2015
Also, the question(s) I have are in regards to the buyouts listed on page 27. The way it looks to me is that the buyout sum for each year is the total compensation for that year plus those of the remaining years of his contract (basically guarantees CPJ his salary of that year and any remaining). So then wouldn't CPJ's buyouts really be $5.255M currently and $2.667M after next season? I would assume we would already be paying him that year's compensation in installments during the course of the year (i.e. he has already received most if not all of his 2013 compensation). Am I reading this right?
Not trying to push any agenda here, just trying to truly understand the financial situation Tech is in.