Here's something I wrote elsewhere. The AJC is claiming they've reviewed the contract via Freedom of Information Act. The Sports Compensation article links to an AJC article that no longer exists. Now, I'm not saying the AJC is such a reliable source, but if anyone is going to have gone about it in a journalistic, fact-based matter, it'll be them. Signs point to MBob putting us $800M-$1MM further in the hole, based on public sources. The rest of my comment about the donors taking a stand against such a stupid move is purely my speculation.
Assuming the AJC is correct (and that's a big assumption on my part), the $2.4MM buyout was a colossal mistake by Bobinski having only himself to blame. I understood & agreed with the rationale for the extension (recruiting impact, program stability), but the performance through that point did not garner BG the leverage to demand a reset of the buyout percentages.
Per the article below, had the buyout percentages just been continued, we'd be looking at a buyout of about $1.5MM-$1.6MM, a much easier pill to swallow and convince donors to pony up for compared to $2.4MM
http://sportscompensation.com/former-dayton-coach-brian-gregory-hired-by-georgia-tech/
Per the AJC article below, it would appear that Bobinski agreed to restart the buyout percentages, resulting in the aforementioned buyout amount. I recognize that we had seen some progress and hindsight is 20/20 on the past two seasons' performance, but there just doesn't seem to be a business rationale to agree to resetting the buyout until you've seen even more improved performance, in which case you're giving him a much better, much deserved extension anyway.
http://georgiatech.blog.ajc.com/2015/03/12/notes-background-on-gregory-buyout/
I guess the bottom line is that Bobinski managed to Braine the situation and has now potentially dug an even deeper hole for Georgia Tech hoops that may take another 3-5 years to climb out of.