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

GT98 said:
Damn near zero. Collins has 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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Yeah, C****** is safe for next year.
 
ThomsonJacket said:
Yeah, C****** is safe for next year.
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I'm not so sure about that. TStan has to look at the total financial picture. They buyout is a heavy expense but empty stands/suites/parking are also part of it. There's the Benz stadium contract. There's also Adidas who are probably not getting the apparel revenue they expected. I recall seeing an article before the season that the money guys needed to see progress this year. Progress would mean optimism for the future. Are any Tech fans optimistic about 2022?
 
rocky top buzz said:
I'm not so sure about that. TStan has to look at the total financial picture. They buyout is a heavy expense but empty stands/suites/parking are also part of it. There's the Benz stadium contract. There's also Adidas who are probably not getting the apparel revenue they expected. I recall seeing an article before the season that the money guys needed to see progress this year. Progress would mean optimism for the future. Are any Tech fans optimistic about 2022?
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I’m optimistic for 2022! 1 year closer to the buyout!
 
Not sure why you guys think it matters what the buyout is. There are guys in the shadows who can find that amount of money in their Yetman. He's done. Just curious if it's this week or next.
 
madRazor said:
Not sure why you guys think it matters what the buyout is. There are guys in the shadows who can find that amount of money in their Yetman. He's done. Just curious if it's this week or next.
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Probably, but giving him 4 years will have better optics come time to search for a new coach.
 
I like how people say how can we get a quality coach in here after firing Collins. I think a gig were you get $13.8 mil for being fired is a pretty freaking good gig for any coach to take a chance.
 
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.
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Our AD ensured that Collins is set up for life. He won the lottery with this contract. How can one school have so many incompetent AD's?
 
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