OSU would have to come up with a nice chunk of change to buy out Dixon's contract--but I guess money is no object for them.
I wonder if there are such donors at Pitt. On another note, what a horrifying waste of money. Well, all sports is. But to pay that much just to fire a guy? Probably could have hired a contract hit for a lot less.
Agreed!
WE know the length of Dixon's contract but we don't know the amount of the buy-out Dixon would be responsible for paying if he left for another school before the expiration of the contract. Oftentimes the school to which the coach jumps ponies up this amount as you point out. The buy-out is normally a a lump sum amount which is negotiated separately and isn't simply calculated by multiplying the number of years left on the contract times the annual salary.
A...probably not, but it seems they may have more resources and perhaps a good fan base.
Corporate CEOs get same, as if they too were irreplaceable. People should stop giving these contracts. NOBODY is THAT irreplaceable.
In regards to their fanbase. There seems to always be a large chunk of empty seats for the games. This has been over the last few years. They do have more home run hitters in the fan base though.
Wow - didn't realize that. I still remember sitting with a big group of friends at the Fox and the Hound cheering against hope that our upstart Panthers could beat them for a place in the elite 8 in 2002? (not sure the exact year and too lazy to look it up). They were really good and really fast.
2004.
Organizations offer these contracts to Corporate executives, coaches, athletes, entertainers, tv , radio people, etc.because they expect a return on their investment. The contracts will stop when the revenue stream that the individual generates isn't adequate to support the value of the contract. It also helps "organizations" lock people up so a competitor can't get them. Some "organizations" pay people lots of money " not to work" ( non-compete) agreements so they can't add value to a competitors organization.
I suspect that "anonymous donor" also has a football stadium named after him in Stillwater. Pickens was a big hoops guy, played in college, and has unlimited money to burn.
Why would he take it? Fewer dingleberries in fan base? Or do you think for a different reason?
Anyone ever heard of T. Boone Pickens? I don't think indoor plumbing is on their wish list.
Remember him well. He's the man who sunk Gulf Oil, and cost a few thousand Pittsburghers good paying jobs at the same time the steel industry was exiting the northeast.
Including my Dad. He started a bidding war for Koppers ultimately won by Hansen.
