CaribouJim
07-18-2013, 10:22 AM
http://espn.go.com/blog/collegebasketballnation/post/_/id/86638/3-point-shot-read-your-contracts
The fallout from Kent State winning a $1.2 million settlement from former coach Geno Ford for leaving for Bradley may make coaches re-read their contracts very carefully. According to one prominent coaching agent, "coaches will be forced to structure their contracts a certain way. Buyout language is absolutely huge. A lot of times coaches don't realize it until they are put in a position of getting terminated or leaving for another job. Most times contracts are finalized so quickly these days. These coaches must pay attention to details." We've seen this before in coaches leaving from West Virginia to Michigan in men's basketball and football and a number of others. But many times these are negotiated settlements, rarely a court case awarding the school. The Kent State case should cause coaches to pause and ensure their contracts are favorable in case they bolt early.
I doubt you will see this at a big time program for fear of scaring away coaches to your program, but nonetheless I like it.
The fallout from Kent State winning a $1.2 million settlement from former coach Geno Ford for leaving for Bradley may make coaches re-read their contracts very carefully. According to one prominent coaching agent, "coaches will be forced to structure their contracts a certain way. Buyout language is absolutely huge. A lot of times coaches don't realize it until they are put in a position of getting terminated or leaving for another job. Most times contracts are finalized so quickly these days. These coaches must pay attention to details." We've seen this before in coaches leaving from West Virginia to Michigan in men's basketball and football and a number of others. But many times these are negotiated settlements, rarely a court case awarding the school. The Kent State case should cause coaches to pause and ensure their contracts are favorable in case they bolt early.
I doubt you will see this at a big time program for fear of scaring away coaches to your program, but nonetheless I like it.