Home
Articles
Photos
Interviews
Forums
New posts
Search forums
Georgia Tech Recruiting
Dashboard
What's new
New posts
New profile posts
Latest activity
Chat
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Georgia Tech Athletics
Georgia Tech Football
Stansbury and Collins Dismissed
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="GTLorenzo" data-source="post: 899026" data-attributes="member: 359"><p>So what happens to the loan that Stansbury got from GT to settle the lawsuit from Oregon State over his buyout? Do we just let it go as a gesture of goodwill? See bold below. Would suck to get fired and then owe your old company a significant amount of money on top of it.</p><p></p><p></p><h3>Oregon State drops lawsuit against former AD Todd Stansbury</h3><p>Zach Barnett, 3 years ago</p><p></p><p>Oregon State has dropped its lawsuit against its former AD <strong>Todd Stansbury</strong>.</p><p></p><p>Stansbury left Corvallis all the way back in 2016, when he departed for the same job at Georgia Tech, where he remains today. However, Oregon State maintained he failed to pay back the $2.1 million buyout his contract dictated, which he was obligated to pay in full within 30 days of accepting new employment. Instead, the buyout lingered until late last month, when Stansbury restructured his Tech contract to drop his salary from $937,500 to $650,000 in exchange for a nearly $1.6 million loan, which he then wired to Oregon State.</p><p></p><p>“With the support and approval of the GTAA Board of Trustees, we are pleased that he has now resolved this matter and look forward to his continuing contributions and full focus on our program’s success,” Georgia Tech said in a statement to the <a href="https://www.ajc.com/sports/college/oregon-state-drops-lawsuit-after-todd-stansbury-pays-back-buyout/EU8xXdcGLr2TvCAgrHMNiP/" target="_blank"><em>Atlanta Journal-Constitution</em></a>.</p><p></p><p><strong>The loan essentially locks Stansbury in to remain at Georgia Tech to 2026, lest he owe a new buyout with interest to the school.</strong></p><p>Stansbury had previously paid roughly $1 million of his buyout to Oregon State, and the school has now collected more than the $2.1 million it was originally owed.</p><p></p><p>“Oregon State University is happy that this matter has been satisfactorily and fully concluded,” school spokesman Steve Clark told the paper.</p></blockquote><p></p>
[QUOTE="GTLorenzo, post: 899026, member: 359"] So what happens to the loan that Stansbury got from GT to settle the lawsuit from Oregon State over his buyout? Do we just let it go as a gesture of goodwill? See bold below. Would suck to get fired and then owe your old company a significant amount of money on top of it. [HEADING=2]Oregon State drops lawsuit against former AD Todd Stansbury[/HEADING] Zach Barnett, 3 years ago Oregon State has dropped its lawsuit against its former AD [B]Todd Stansbury[/B]. Stansbury left Corvallis all the way back in 2016, when he departed for the same job at Georgia Tech, where he remains today. However, Oregon State maintained he failed to pay back the $2.1 million buyout his contract dictated, which he was obligated to pay in full within 30 days of accepting new employment. Instead, the buyout lingered until late last month, when Stansbury restructured his Tech contract to drop his salary from $937,500 to $650,000 in exchange for a nearly $1.6 million loan, which he then wired to Oregon State. “With the support and approval of the GTAA Board of Trustees, we are pleased that he has now resolved this matter and look forward to his continuing contributions and full focus on our program’s success,” Georgia Tech said in a statement to the [URL='https://www.ajc.com/sports/college/oregon-state-drops-lawsuit-after-todd-stansbury-pays-back-buyout/EU8xXdcGLr2TvCAgrHMNiP/'][I]Atlanta Journal-Constitution[/I][/URL]. [B]The loan essentially locks Stansbury in to remain at Georgia Tech to 2026, lest he owe a new buyout with interest to the school.[/B] Stansbury had previously paid roughly $1 million of his buyout to Oregon State, and the school has now collected more than the $2.1 million it was originally owed. “Oregon State University is happy that this matter has been satisfactorily and fully concluded,” school spokesman Steve Clark told the paper. [/QUOTE]
Insert quotes…
Verification
What is the last name of the current Head Football Coach?
Post reply
Home
Forums
Georgia Tech Athletics
Georgia Tech Football
Stansbury and Collins Dismissed
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top