Thanks for the link. For anybody still interested in the buyout issue, or interested in CPJ's contract generally...
Termination Provisions
(1) He gets paid $1,000,000 for each season left on the contract if fired without cause. The contract runs through 2022, so if we fire him after this season, he gets $4,000,000. In terms of the general context of CFB coaching contracts, I think that's a pretty favorable buyout relative to his salary. His total compensation for 2018 is a little over $3,000,000, and it rises to $3.4 million by 2022. So we can fire him at a third of the cost to pay him to coach. Usually you've got to pay 100% of unpaid salary.
Curiously, CPJ's attorney overlooked a drafting ambiguity (IMHO) in this separation clause provision. The provision specifically determines how much CPJ is paid if fired without cause "at the end of the 2018 season." But what if he's fired without cause *before* the end of the 2018 season? CPJ probably wins that ultimately at trial, but still it creates an issue to fight over and reduces the settlement value in the event there's anything else to also fight over.
FWIW, I think there are some ST posters who are bizarrely fixated on CPJ's buyout, and seem to think there's something meaningful about it. It's a very small buyout relative to his salary and other coaches' contracts. It is so small that there's no way it's a major consideration for TStan as he evaluates the situation. After all, Football is responsible for 90% of the GTAA budget. While the separation premium is a lot of money to you and me, it's just the cost of doing business (and preserving your business) if you're TStan.
I think it is highly likely that whatever happens this year, CPJ remains our coach next year, just because of how strongly TStan has supported him so far, and because of the 2009 & 2014 legacies. That said, if TStan thinks CPJ is not beneficial to GT football on balance, he's gone, regardless of the buyout. Think about it – there's no way in this era that any coach actually coaches out his contract – that just tells recruits that change is coming and hamstrings recruiting. So the question for the AD is always, "Do I give the HC *one* more year to right the ship, and what's the one year going to cost me either way?" In this case, the *one* year costs $1 mil. That's a tiny amount in CFB today, even for a modestly-resourced program like ours.
(2) Interestingly there's a separate "early retirement" provision. If CPJ tells the GTAA before the end of the season that he's going to retire at the end of the season, then the GTAA agrees to pay him $1 mil. Typically CPJ wouldn't get paid anything if he chooses to quit the job, but I guess we wanted to incentivize him to tell us in advance and allow GT the best possible chance to find a new coach. We don't want him to decide in the middle of May that he's not coming back... we want him to decide that in the middle of October, so we can be fully researched and loaded when the coaching search market is at its peak in Dec/Jan.
(3) In the event CPJ were to take a job with another FBS team before the end of the contract, he would have to pay the GTAA $750k. Interestingly, he pays no penalty if he takes a job coaching at a different level (NFL, FCS, Div. II, high school!) or if he takes any job other than head coach. So he can become a 'special consultant' at Ga So (or whatever) and pay no penalty. (Of course, he can collect the $1 mil described above just be characterizing it as an early retirement, anyhow.)
"Exemplary Performance"
Not that this is particularly relevant to our current situation, but here are the bonuses CPJ is eligible for, since I happen to have the contract open in front of me at the moment...
(4) Graduation Success Rate – Any year the team has a graduation rate above 70% (as calculated by the NCAA), he gets $140,000.
(5) APR – He gets bonuses of $65k, $90k, and $115k for APR rates of 930+, 940+ and 950+.
(6) Wins – He gets bonuses of $50k, $75k and $100k if the team finishes with 6, 7 or 8+ wins. [Aside, a bonus for 6 wins? That's "exemplary performance" nowadays? Bad look, IMHO.]
(7) ACC – He gets $100k for winning the ACC.
(8) Bowls – He gets... $250k for making the CFP, $250k for winning the CFP, $200k for making one of the other Big 6 bowls, $125 for making the Citrus or Russell Athletic bowls, $100k for making the Belk/Sun/Pinstripe/Music City or Taxslayer bowls, $75k for making the Military, Independence, Detroit, Bitcoin, or Birmingham bowls, and $75k for winning a bowl.
(9) ACC COTY – He gets $25k for being named the ACC COTY.
(10) COTY – He gets $50k for being named national COTY (Bobby Dodd or otherwise).
(11) Rankings – He gets $10k for finishing in the Top 25, and $50k for finishing in the Top 10.
There is no "beat UGA" bonus. So if CPJ were to maximize his bonuses in one magical season, he'd take home an extra $1,080,000. As I said, I realize this is irrelevant at the moment, but since I had the new contract in front of me, I thought I'd pass it along.
PS. This is one poorly written contract, from a technical drafting perspective. CPJ's lawyer needs a lesson in contract drafting. There are internal inconsistencies and ambiguities that could be a problem in the event of litigation.
PPS. Am I the only one who thinks it's kind of cool that Marvin Lewis signs CPJ's contract?