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<blockquote data-quote="GTRX7" data-source="post: 217304" data-attributes="member: 1045"><p>I could not disagree more strongly with that. We would have been WORLDS better off with a 6 year contract with a 7.2 million buyout than a contract that auto-extends at 6 years. Don't get me wrong, a contract with a flat buyout like you are suggesting would still be bad. Usually, in such instances, however, the buyout decreases each year into the term (like Gregory's). Even assuming your hypothetical flat buyout that never decreases, we could have still avoided our present situation by simply letting the contract 6 years expire. Yes, most programs don't want to let a coach's contract expire, but they are also usually not faced with a $7.2 million buyout that could decrease to $0 by doing so either. Or, Tech could more likely have negotiated a better buyout situation closer to the end of the contract by threatening to let the contract expire. </p><p></p><p>In the Hewitt contract, however, Tech not only couldn't get out of the buyout by letting the contract expire, but also had no leverage to renegotiate because the contract we gave him auto-renewed. It was the worst of all worlds. Just an unbelievably bad decision by the AD and administration.</p></blockquote><p></p>
[QUOTE="GTRX7, post: 217304, member: 1045"] I could not disagree more strongly with that. We would have been WORLDS better off with a 6 year contract with a 7.2 million buyout than a contract that auto-extends at 6 years. Don't get me wrong, a contract with a flat buyout like you are suggesting would still be bad. Usually, in such instances, however, the buyout decreases each year into the term (like Gregory's). Even assuming your hypothetical flat buyout that never decreases, we could have still avoided our present situation by simply letting the contract 6 years expire. Yes, most programs don't want to let a coach's contract expire, but they are also usually not faced with a $7.2 million buyout that could decrease to $0 by doing so either. Or, Tech could more likely have negotiated a better buyout situation closer to the end of the contract by threatening to let the contract expire. In the Hewitt contract, however, Tech not only couldn't get out of the buyout by letting the contract expire, but also had no leverage to renegotiate because the contract we gave him auto-renewed. It was the worst of all worlds. Just an unbelievably bad decision by the AD and administration. [/QUOTE]
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