TheSouseFamily said:
wifeisafurd said:
socaliganbear said:
Sirmon might be the top paid position coach in the conference.
Not necessarily by Cal. His former employer is picking-up some portion of his salary as part of the deal.
Wife - A little confused by this. I'd think whatever funds flow from Louisville to Sirmon would be a matter between those entities and wouldn't involve Cal (other than to enable us to probably offer him less). So I'm not sure how those monies would somehow be reflected in the reported terms of the contract between Cal and Sirmon. Aren't those two separate issues?
Not necessarily. What about this hypothetical.
Coach is a coordinator and has $600K buyout from School 1 with a clause that it is offset by moneys earned at a new job.
Coach gets a position coach offer from School 2 for $400K a year.
Coach says, I can sit on my hands and get $600K, I need $800K to get out of bed this year.
School 2 says $400K is all I'm paying for a position coach.
School 1 can now agree to pay Coach $400K and let him work for School 2 for a combined $800K, or they can pay him $600K to sit on the sidelines. They'd rather do the former.
With all the contingencies, that could easily be a 3 way agreement.