Vandalus;842299453 said:
While I completely agree with you that Smart would be a great choice (I'm trying hard not to make the obvious pun here), there's this little nagging issue that we will have to overcome. Namely, buying out his current contract. Smart's guaranteed compensation is $1.45 million in the first year of the contract and $1.5 million per for the remaining years ... all 14 of them. He is under contract through 2028. Roughly, that's $20.9M to buy him out, not to mention the fact that the contract is incentive laden for things that are all but certain to occur. So unless you know something I don't know, can we get back to reality and quit the pipe dream that is Shaka Smart?
Amaker would be great. I have no idea what his contract situation is.
That is not how a buyout works. If they wanted to fire him, they'd owe him the 20.9M (unless there was some other buyout figure in the contract, which there usually is). If he wants to leave early he/his new employer don't have to pay the 20.9M that VCU would have had to pay him over 14 years. Logically, it doesn't make any sense. However, there is undoubtedly some buyout figure. I bet it's not 20.9M.
Found a good breakdown on Google.
http://www.timesdispatch.com/sports/college/atlantic-10/smart-receives-raise-incentives-to-stay-win-at-vcu/article_3b38d70c-4d93-5ae2-8e37-a324b66a400b.htmlFirst, at present, his contract runs only through 2024 - it increases one year every year that passes for the first five years, finally ending in 2028 (but that's not true until after 2017).
But as I suspected - his buyout right now is $600,000.00. On April 30, 2014 it goes down to $500,000 (and lowers by $100,000 every year). Additionally, the new school would have to play a home and home with VCU or buyout the games for an additional $250,000 (an innovative twist that I have never seen before).
So if we hire him now, his buyout is no more than $850,000, or $600,000 but we'd have to schedule a home and home with VCU.
With all that said - SHAKA SMART IS NOT COMING TO CAL. It's just not going to happen. He is the hottest name in college basketball and has turned down some prestigious jobs that are leaps and bounds above Cal. I have no idea why people keep suggesting him when it is completely unrealistic. Though, I suppose this is a "wish" list.