HoopDreams said:also need to buyout the new coach ... unless he's been unemployed for a yearcalumnus said:MoragaBear said:Fox's base salary is $275,000 annually. Here's how much he'll earn on an annual basis between his base salary and talent fee:4thGenCal said:Agreed -its been posted before but I couldn't find it, but what is the buy out to terminate Fox after the season?. There are various dates that decrease the money owed and there are multiple payout areas beyond a straight salary. Would be very helpful to know the total amounts required to buy out the HC. Because as loyal/passionate alums/donors meet with the AD (now and after season) the first objection likely from the AD is well "we have X financial obligation and unless we get donor's to step up, how do we cover that obligation"? A donor did that to buy out Wyking's remaining 3 year salary and that will have to be the case here. Thanks to whomever has the accurate information and can post it when convenient.KoreAmBear said:Sad when everyone knows the coach should be fired now except our AD.stu said:
Speaking of coaching, this excerpt from a subscriber-only article by Jon Wilner:
https://www.mercurynews.com/2022/12/28/pac-12-basketball-hot-seat-update-as-the-conference-season-begins/
(I posted less than 1/2 of less than 1/12 of the text so I think it's fair use.)
Chance of a vacancy: 95 percent. Anywhere else, and the likelihood of dismissal would be eight trillion percent. (Actually, Fox already would have been fired by any other school … except Stanford). But Cal is a tough gig, the standards aren't exactly lofty, and the public pressure to make a change is modest.
- Year One: $1.5 million
- Year Two: $1.575 million
- Year Three: $1.65 million
- Year Four: $1.725 million
- Year Five: $1.8 million
If Fox is terminated without cause, here's how much the university will owe him:
- Year One: 100% of the base salary and talent fee for the remainder of the contract year in which the termination occurs.
- Year Two: 100% of the base salary and talent fee for the next contract year
- Year Three: 75% of the base salary and talent fee for the next contract year
- Year Four: 50% of the base salary and talent fee for the next contract year
- Year Five: 25% of the base salary and talent fee for the next contract year
This was his original contract. Not sure how the 1 year extension affected the buyout, if at all.
Yeah, I remember that article and it was a little confusing, especially with the extension (1 year or two?) but best guess is 50% of about $1.8 million or $900,000? Nothing like the Wilcox situation.
Labaugh makes what, $80,000 at CCSF?