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Do NFL coaches have these huge buyouts?
Posted on 11/13/23 at 8:30 am
Posted on 11/13/23 at 8:30 am
If so, with how often the NFL just hires the same old re-treads I wonder if the shitty coaches who get fired a lot end up making the most money.
It's also kinda like divorce where the biggest winners seem to be the attorneys/agents
It's also kinda like divorce where the biggest winners seem to be the attorneys/agents
Posted on 11/13/23 at 8:31 am to Yeti_Chaser
I think it is complete horseshite that NFL coaching contracts are not made readily available for the public yet every player's contract is out and open for the world to see.
Posted on 11/13/23 at 8:33 am to Bottom9
quote:
I think it is complete horseshite that NFL coaching contracts are not made readily available for the public yet every player's contract is out and open for the world to see.
Some coaches' contracts are out there.
Players (actually agents) want those numbers out there - it's a demonstration of power and prestige. Don't you think agents want to show that they've negotiated a 5-year, $175MM extension?
Posted on 11/13/23 at 8:34 am to Yeti_Chaser
Pretty sure they are just all guaranteed money
Posted on 11/13/23 at 8:36 am to Yeti_Chaser
At some point, these salaries have to come back to earth, don't they? The monopoly money being spent by boosters has to dry up at some point, doesn't it?
Posted on 11/13/23 at 8:47 am to Yeti_Chaser
No sure but they can be traded apparently.
Posted on 11/13/23 at 9:00 am to Yeti_Chaser
Think they said McDaniels contract was guaranteed and he was getting all of it.
Posted on 11/13/23 at 9:08 am to Yeti_Chaser
If you're under a multi-year contract you are entitled to every dime if fired unless it is voided or there are conditions stated otherwise. What happens with college mega contracts is that there is usually a condition in it that if a coach accepts another head job while under a current contract that the old contract would either void, or the payout would be significantly less. So most of these guys fired from these big contracts don't take other jobs until the old contract is up. In the pros contracts travel with players/coaches to the new team, hence why you usually have restructuring if the trades occur. Coaches rarely get traded and they usually sit in purgatory(broadcasting) until their old contract is up.
Posted on 11/13/23 at 9:11 am to Yeti_Chaser
Coaches are a team asset but don’t count against the salary cap. The cap is why player contracts are widely known. Coaches have been traded just like a player for draft picks. I think the Saints got compensation for Sean Payton who was still under contract.
Posted on 11/13/23 at 10:43 am to iBack8569
quote:Eh, a lot of contracts require that a fired coach has to at least make a reasonable effort to find the most gainful employment possible. So whatever salary they earn from their new school reduces the buyout owed from the school that fired them. Sometimes they'll negotiate a smaller lump sum buyout as opposed to dragging it out over however many years were left on the contract so both sides can move on with a clean break.
What happens with college mega contracts is that there is usually a condition in it that if a coach accepts another head job while under a current contract that the old contract would either void, or the payout would be significantly less. So most of these guys fired from these big contracts don't take other jobs until the old contract is up.
quote:Fired NFL coaches are also generally required to attempt to find a new coaching gig to offset their buyout from the previous team. If the coach is fired, they're essentially a free agent to go sign any new contract with any team. The only time the contract from the old team travels with the coach to a new team is a situation where the coach was still under contract and was traded. Like Jon Gruden being traded from the Raiders to the Bucs...or Sean Payton "retiring" while he was still under contract with the Saints. Since Payton wasn't fired, he was still technically under contract with NO, so Denver had to offer up assets in a trade to get him.
In the pros contracts travel with players/coaches to the new team, hence why you usually have restructuring if the trades occur. Coaches rarely get traded and they usually sit in purgatory(broadcasting) until their old contract is up.
This post was edited on 11/13/23 at 10:44 am
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