How much is the buyout, and how do we pay for it?

“So that’s something I talked to (school president G.P. “Bud” Peterson) about early on, was I really felt like we needed to give the new head coach a seven-year contract, knowing that it was going to take a couple of years really to probably transition to whatever systems that they were ultimately going to want to run,” Stansbury said. https://www.ajc.com/sports/college/...-tech-atypically-long/DQnPT6e4KzvwERNjDmZOfP/
 
Attempt at a serious answer: I believe it would be $13.8 million if we fired him at the end of this season.

www.ajc.com

Geoff Collins’ contract averages $3.3 million annually

Georgia Tech coach Geoff Collins’ seven-year contract averages $3.3 million and begins at $3 million for the 2019 season, about $152,000 less than former coach Paul Johnson was scheduled to make in this coming season. Collins’ pay will increase by $100,000 over the life of his seven-year...
www.ajc.com www.ajc.com

Georgia Tech coach Geoff Collins’ seven-year contract averages $3.3 million and begins at $3 million for the 2019 season, about $152,000 less than former coach Paul Johnson was scheduled to make in this coming season. Collins’ pay will increase by $100,000 over the life of his seven-year contract, finishing at $3.6 million in 2025.

If he were to be fired within the first four years, Collins would receive 100 percent of the remaining value of the deal. After that, he would receive $2.4 million for each remaining season. For example, if he were dismissed at the end of the fifth season with two years left, he would receive $4.8 million.
 
LagrangeJacket said:
Attempt at a serious answer: I believe it would be $13.8 million if we fired him at the end of this season.

www.ajc.com

Geoff Collins’ contract averages $3.3 million annually

Georgia Tech coach Geoff Collins’ seven-year contract averages $3.3 million and begins at $3 million for the 2019 season, about $152,000 less than former coach Paul Johnson was scheduled to make in this coming season. Collins’ pay will increase by $100,000 over the life of his seven-year...
www.ajc.com www.ajc.com

Georgia Tech coach Geoff Collins’ seven-year contract averages $3.3 million and begins at $3 million for the 2019 season, about $152,000 less than former coach Paul Johnson was scheduled to make in this coming season. Collins’ pay will increase by $100,000 over the life of his seven-year contract, finishing at $3.6 million in 2025.

If he were to be fired within the first four years, Collins would receive 100 percent of the remaining value of the deal. After that, he would receive $2.4 million for each remaining season. For example, if he were dismissed at the end of the fifth season with two years left, he would receive $4.8 million.
Click to expand...
dam son

ok, he is around for this year and next
 
LagrangeJacket said:
Attempt at a serious answer: I believe it would be $13.8 million if we fired him at the end of this season.

www.ajc.com

Geoff Collins’ contract averages $3.3 million annually

Georgia Tech coach Geoff Collins’ seven-year contract averages $3.3 million and begins at $3 million for the 2019 season, about $152,000 less than former coach Paul Johnson was scheduled to make in this coming season. Collins’ pay will increase by $100,000 over the life of his seven-year...
www.ajc.com www.ajc.com

Georgia Tech coach Geoff Collins’ seven-year contract averages $3.3 million and begins at $3 million for the 2019 season, about $152,000 less than former coach Paul Johnson was scheduled to make in this coming season. Collins’ pay will increase by $100,000 over the life of his seven-year contract, finishing at $3.6 million in 2025.

If he were to be fired within the first four years, Collins would receive 100 percent of the remaining value of the deal. After that, he would receive $2.4 million for each remaining season. For example, if he were dismissed at the end of the fifth season with two years left, he would receive $4.8 million.
Click to expand...
So that should be the end of that, OK? Maybe time to close this thread.
 
So we basically can’t fire Collins right now due to the contract. But we can fire Stansbury. Stansbury should be fired today for hiring Collins and replaced with someone who does not put up with Collins’s bullshit. Someone who will tell Collins that his job is to coach football and that he has no say over anything else. Maybe Collins will leave on his own.
 
Ok let's get this started today people. 55,000 fans pledge $251 each and C***** is gone. It's past the point of "give him time." It is clear this guy cannot coach so we either sacrifice 3 more years of watching fall golf instead of football, or we come out of pocket and find a coach. Who is ready?
 
How about we play for it. Let monken coach the freshmen off squad and if he beats the first string def, Collins forfeits his contract. Guaranteed to get us out of it.
 
Is there any way to file a class action lawsuit against individuals, not the university. I mean like a consumer complaint, false advertising, malpractice? I think most of us would sign on as having suffered damages.
Sort of half kidding, but honestly there should be recourse if you’ve given or paid money and were sold bullshit by overpaid coaches.
Wonder how much leverage an AD has to renegotiate a contract. Of course you need a bold, aggressive AD.
 
pianoman said:
Wonder how much leverage an AD has to renegotiate a contract. Of course you need a bold, aggressive AD.
Click to expand...

Damn near zero. Collins hasn’t violated the terms of the contract by being a bad coach. Why would he accept a redone contract?

TDope took a big gamble, crapped out and is now trying to figure out how to get out of the mess. My guess is that he issues a statement and Collins is here next season (at least).
 
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