Pope’s Buyout is 25 MILLION

[wildcatsincebirth]

Yeah well if pope ends up fired and it looks like it’s for the money he will be vilified and unwelcome back in Lex. Right now he will have some grace due to Barney hiring a guy ill prepared. Stoops accomplished something. He had some good seasons. There used to be a time coaches saved face by leaving. And let me say this. I haven’t seen popes contract buy i seriously doubt his buyout is 25 mil after year two. We could pay him 5 mil a year (his salary) until the end of his contact and that’s 15 mil. So the 25 mil number is total bs at this point

It’s 23.5 million remaining on contract but I didn’t see the part where if he gets fired without cause they only owe him 75% so yeah it’s closer to 17.5

 

[MegaBlue05]

I need to get me one of these UK coaching gigs. I’d take $25 million to leave.

 

[CRZ4UK]

Stoops did settle I’m pretty sure right?

Only on the timeline. Not the amount.

 

[CRZ4UK]

For the people, here is Pope’s buyout to my knowledge:

-75% of remaining contract to be paid monthly(not the lump sum Stoops nonsense)
-he has 3 original years left, due to Mitch being an idiot he added the provision for the automatic extension if Pope made the Sweet 16 so there are still 4 years left
-2026: 5.5M
2027: 5.75M
2028: 6M
2029: 6.25 M
Total: 23.5 M left on his deal. 75% is 17.625M
-Pope does have a duty mitigate with offset language. Example if he gets a 2M coaching job of some sort for 2026, it would lessen the amount we’d owe him in 2026 from 4.125M(75% of 5.5M) to 2.125M

In short the buyout is worse due to that 2029 year being added for that sweet 16 last year.

Due to monthly payments and Pope’s duty to mitigate, it isn’t out of the question…perhaps as soon as this offseason.

With duty to mitigate included in the buyout provisions, I would expect a negotiated buyout at the time. Perfect example of this is James Franklin having a massive buyout at Penn St but due to this provision, he accepted a very reduced number for no offset. Pope won’t get a great job so he won’t be as accommodating for that reason like Franklin was.

I think 12 mill over 4 years(3 mill a year paid monthly) with no offset would be a fair and clean separation for each side….thanks Mitch ughh

Here is the kicker. I don’t believe Pope is a bad coach. He can’t recruit anyone worth a poop with the JMI structure. What we have now is a roster full of bench players because no one with true NIL value wants to sign it away to JMI.
That won’t change with a new coach. Who in their right mind would come here to coach with that deal in place??? We are totally and wholly screwed by Mitch’s corporate partners scheme to make money. 14 years left to deal with JMI.