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PSU17 said...
I could have put this in the other BOB threads - but I didn't want it buried.
The Morning Call is saying the buyout is for the extension as well:
"When the NCAA sanctions were imposed, a rider went into effect extending the contract the length of those sanctions (four years). An athletic department official said that the buyout includes the extension.
Leaving after this season would require someone to pay Penn State an eight-year penalty at $2.3 million per, at least. That's $18 million, provided everything remains static."
I have no idea which is true, but even at 9.6 mil its hard to believe. 18 is impossible.
Lion_in_CBus
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PSU17 said...
I could have put this in the other BOB threads - but I didn't want it buried.
The Morning Call is saying the buyout is for the extension as well:
"When the NCAA sanctions were imposed, a rider went into effect extending the contract the length of those sanctions (four years). An athletic department official said that the buyout includes the extension.
Leaving after this season would require someone to pay Penn State an eight-year penalty at $2.3 million per, at least. That's $18 million, provided everything remains static."
I have no idea which is true, but even at 9.6 mil its hard to believe. 18 is impossible.
psubills62 ●
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PSU17 said...
I could have put this in the other BOB threads - but I didn't want it buried.
The Morning Call is saying the buyout is for the extension as well:
"When the NCAA sanctions were imposed, a rider went into effect extending the contract the length of those sanctions (four years). An athletic department official said that the buyout includes the extension.
Leaving after this season would require someone to pay Penn State an eight-year penalty at $2.3 million per, at least. That's $18 million, provided everything remains static."
I have no idea which is true, but even at 9.6 mil its hard to believe. 18 is impossible.
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PSU17 said...
I could have put this in the other BOB threads - but I didn't want it buried.
The Morning Call is saying the buyout is for the extension as well:
"When the NCAA sanctions were imposed, a rider went into effect extending the contract the length of those sanctions (four years). An athletic department official said that the buyout includes the extension.
Leaving after this season would require someone to pay Penn State an eight-year penalty at $2.3 million per, at least. That's $18 million, provided everything remains static."
I have no idea which is true, but even at 9.6 mil its hard to believe. 18 is impossible.
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Lion_in_CBus said...
If this is true, this doesn't even include the salary which you assume would have be at least in the ballpark of $15 million over 5 years (that is only a moderate raise). I believe that OB has the potential to be a great HC, but who pays somewhere in the range of $32 million for a guy that has only 12 games under his belt.
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spud358 said...
what coach is going to take that job though? If OB leaves, kiss most of the recruits good-bye from the 2013 class and multiple contributors from the current team. A new coach would be inheriting an desolate roster, a weak recruiting class, and 3+ years of continued sanctions. Whoever took the job would be lucky to go .500 in their first 5 years.
I'm not a doom and gloomer, but if OB bails when current players can be recruited and transfer without penalty, PSU is screwed for a long time.
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shavisimo2 ●
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Allentown Morning Call - BOB's buyout