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AdamLuckettDec 01, 3:02 AM

Mark Stoops agreed to a restructured buyout

From Chris Low: "He’s owed a $38 million buyout that is payable within 60 days of his termination if fired without cause. Stoops said last week that he would not walk away from coaching the team on his own accord, but when school officials approached him about a separation, Stoops said he would be willing to negotiate an agreement that would allow Kentucky to spread out the payments over a number of years instead of paying it all in one lump sum."
61 Replies
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AdamLuckett

Dec 01, 3:03 AM

This is something that was a top priority for Kentucky. As we reported throughout the process, Mark Stoops had to be willing to play ball on the buyout to make it manageable. Sounds like that happened.
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Jn12

Dec 01, 3:03 AM

Gained some respect from him for doing this. Mitch got bailed out
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The Ghost of Bud Foster

Dec 01, 3:03 AM

The Bobby Bonilla clause...sweet
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FoxMonkBAM!

Dec 01, 3:03 AM

Image
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jaxcat0711

Dec 01, 3:04 AM

Shows his love for the university and doesn’t want to put them in a financial bind. Gotta give him credit for that.
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NKYCatsFan5

Dec 01, 3:04 AM

It was the only way this could happen. No way they were gonna take a loan out to pay the full lump sum.
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BradyJames

Dec 01, 3:04 AM

Jn12 said:
Gained some respect from him for doing this. Mitch got bailed out
Again
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VaHi_Cat

Dec 01, 3:04 AM

Much respect, Mark. Much respect. Thank you.
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Me2

Dec 01, 3:04 AM

Good. Some goodwill can now remain and we can continue the push to get Mitch out. Win-win-ish
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CFE_

Dec 01, 3:05 AM

Cool
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Jort's Fastball

Dec 01, 3:05 AM

Good on Stoops if true, and we should be happy with the decision tonight. But this decision by Mitch puts us at a severe, severe financial disadvantage at the very start of a new era where money matters more than other, in a revenue model we’re already way behind on, and where we’re a poor state with limited donors to rescue us.
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Skippy03

Dec 01, 3:05 AM

IVE BEEN SAYING IT SINCE OCTOBER!!!! “He is not going to kill the school with the buyout”
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Fast3ddy88

Dec 01, 3:05 AM

Hats off to ya Stoops. I take back every bad thing I’ve said about you for the last 3yrs
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RACdad

Dec 01, 3:06 AM

"Without cause" I'm wondering if they had "cause?"
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DaDirtyLeb69

Dec 01, 3:06 AM

Jn12 said:
Gained some respect from him for doing this. Mitch got bailed out
Again
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JohnnieSach

Dec 01, 3:06 AM

I think that shows Mark does care about this place and doesn’t want to cripple us. Thanks old friend, we’ll catch you on down the road.
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jaxteller_KY

Dec 01, 3:06 AM

Promise? No takebacks!
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UKalum99

Dec 01, 3:06 AM

Respect to Stoops for doing that.
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MountainDoc

Dec 01, 3:06 AM

Glad he was willing to do so. Clearly he didn’t want this any longer but we’re talking about major major money. It was a terrible situation Mitch backed us in…
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Kentucky Football

Dec 01, 3:06 AM

Good on Stoops for that. Now that it's over I hope we as fans come to thank him and appreciate what he did. He should ALWAYS be welcome here. But it's still f*** Mitch!!!!
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DaDirtyLeb69

Dec 01, 3:07 AM

How respectful of mark to still agree to get paid all of his 37 million dollars lol
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BlueGotInOhio

Dec 01, 3:07 AM

jaxcat0711 said:
Shows his love for the university and doesn’t want to put them in a financial bind. Gotta give him credit for that.
Well he did say he is a Kentuckian.
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Anon1701895264

Dec 01, 3:07 AM

AdamLuckett said:
This is something that was a top priority for Kentucky. As we reported throughout the process, Mark Stoops had to be willing to play ball on the buyout to make it manageable. Sounds like that happened.
I can feel the recent hatred of my favorite teams best coach slowly leaving my soul 😂
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Jn12

Dec 01, 3:08 AM

This worked out well for both parties. We get to move on with new excitement without as horrible as a financial burden (although it’s still not great), and Stoops leaves on relatively good terms. He’ll get the Tubby treatment eventually

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