AugustaJacket
Helluva Engineer
- Joined
- Sep 3, 2002
- Messages
- 2,472
And, ala Collins, he wears the same plaid gameday every gameday (at least the ones I've seen him at). Could at least step up to a Hewitt-like Cashmere.
Nah, we fired the Paul-style for good reason (it was mediocre).And, ala Collins, he wears the same plaid gameday every gameday (at least the ones I've seen him at). Could at least step up to a Hewitt-like Cashmere.
In Todd’s defense - he gets 7 and 8 figure donations.You have to admit it might be awkward to be lobbying a BIG donor for a six-figure pledge with this kind of story circulating. We should all hope this gets settled and settled soon.
GTAA is happy to write off legal expenses on all those taxes they pay.
Now ,that's funny. Wonder how much it could bring?Someone better lock the garage before he title pawns the Wreck
With the loan we gave him and the salary increase, he should have been able to pay most of the obligation up front.Almost sounds like an amortization of a mortgage loan. They are horribly front-loaded with interest. Interest rates were very high (10+%) when I financed my house and I had s screwy FHA mortgage. After 5 years of payments, I owed more than the purchase price of the house. Conventional mortgage loans are not that bad, but most of the early payments still go toward interest rather than principal.
exactly. This needs to get resolved ASAP.You have to admit it might be awkward to be lobbying a BIG donor for a six-figure pledge with this kind of story circulating. We should all hope this gets settled and settled soon.
Agreed...I’ve been a decent donor on the engineering academic side, enough to have dinner at the president’s house and to meet TStan with Peterson in a dean’s box - I would never worry about where that engineering school money was going or how it was being handled. With the AA I see deals and situations that make me wonder. Not making accusations or jumping to conclusions and I suppose a lot of this is just unfortunately the nature of professionalized college sports.exactly. This needs to get resolved ASAP.
I could write a check right now for a cool million $ for it.Now ,that's funny. Wonder how much it could bring?
Engineering school deals and situations don't make the paper. The academic side is more than flush with cash. Don't make this an excuse not to donate to the AA, because they are not.Agreed...I’ve been a decent donor on the engineering academic side, enough to have dinner at the president’s house and to meet TStan with Peterson in a dean’s box - I would never worry about where that engineering school money was going or how it was being handled. With the AA I see deals and situations that make me wonder. Not making accusations or jumping to conclusions and I suppose a lot of this is just unfortunately the nature of professionalized college sports.
I donate to the AA but all donations anywhere are based on my sense of stewardship. I have solid inside info and don’t know of anything on the academic side that reminds me (for example) of some of our coaching deals - which like I said are apparently just the nature of the beast in this pro/college sports era.Engineering school deals and situations don't make the paper. The academic side is more than flush with cash. Don't make this an excuse not to donate to the AA, because they are not.
Where have you been?I donate to the AA but all donations anywhere are based on my sense of stewardship. I have solid inside info and don’t know of anything on the academic side that reminds me (for example) of some of our coaching deals - which like I said are apparently just the nature of the beast in this pro/college sports era.
Unless he hooked up with Damon Evans' girlfriend for tea, crumpets and hide-the-skivvies.With the loan we gave him and the salary increase, he should have been able to pay most of the obligation up front.
Stansbury was making $937,500 this fiscal year after starting out at $900,000 on his original contract signed in Nov. 2016. However, on Jan. 29, he signed a new contract paying him $650,000 per year ($500,000 by the institute and $150,000 by the athletic association). The same day, he also signed to receive a loan from the Tech athletic association in the amount of $1,558,191.98, money contractually designated to “pay his outstanding debut to Oregon State University in full.”
So perhaps a 4 to 5 year contract. Looks like he's ours for a whileStansbury paid it back:
https://www.ajc.com/sports/college/...s-back-buyout/EU8xXdcGLr2TvCAgrHMNiP/amp.html
Though with Tech's help:
Where do you think there was a screw-up? TStan took a gamble that OSU wouldn’t come after him for the payment. Perhaps there was some sort of clause in the contract he thought he could exploit to wiggle out of the payment and that OSU would just let it drop. When that didn’t turn out to be the case and the lawsuit was filed or whatever, GT at that point said TStan needed to handle it pronto.My interpretation of this is that the "extra" buyout is coming directly from TS's future paychecks. Don't attorneys carry some form of malpractice or A&O insurance which could cover a screw-up of this magnitude; or maybe all insurers refuse to insure transactions involving the GTAA given our proven incompetence in this arena.