TCUdirtbag
Active Member
Should’ve waited a week and offered Chris Beard $6MM/yr.
Really curious to see what Tech pays to keep him. Bet he would’ve demanded the Calipari offer from LA.
Should’ve waited a week and offered Chris Beard $6MM/yr.
I’m not a tax lawyer, but there are at least 2 universities in the past 18 months wiring funds to other universities in the exact amount of the buyout, calling it the buyout, and contractually passing all tax burdens to the new coach w/ indemnification is the school.
With the salary/rights fees split and with entities sometimes receiving rights fees and always being the recipient of coaches’ side hustle, some tax guys are trying to get creative and are running that buyout taxable benefit through the entity. Haven’t seen that one litigated yet but if it hasn’t been the IRS will be coming for it soon.
Good for Jamie if he’s getting $6 M. That’s crazy money. Even with the FW to LA cost of living adjustments still a huge raise.
Really curious to see what Tech pays to keep him. Bet he would’ve demanded the Calipari offer from LA.
Because if it becomes clear the coach wants to leave and keeping him is no longer an option due to the harm done you cut your loses and move on to keep everybody somewhat happy.
It is getting close to the stage where if UCLA can't afford the buyout that TCU would not want to keep Dixon.
The forward-look analysis is often used by the employer to justify the contract, but courts tend to look at the real, not the hypothetical. Arbitrators, which are usually incompetent, never consider the hypothetical.
The play for Jamie would be to leave, claim that he is contesting the penalty stipulation on certain grounds (whatever they are), and tell TCU that he intends to work for UCLA under a new employment agreement. His UCLA employment agreement would have to very carefully designate that they know Jamie was doing that, and that Jamie indemnifies and holds them harmless against that claim. They wouldn't be able to contribute any contingency funding towards paying the claim as that would nullify their neutral status. Jamie, in other words, would be on his own.
TCU would likely sue for breach and seek damages. Jamie undoubtedly has insurance that would cover such a claim and pay for his defense. Based on other talent employment contracts I've seen, there almost certainly is a clause that details out mandatory arbitration for any disputes, and it wouldn't be private but rather court administered. In that audience, its likely TCU would be forced to settle for a more reasonable figure, but Jamie would have to pay it OOP.
None of this is likely or ideal, but it is possible... And it is also why most parties typically negotiate these things and let people walk if they want to walk.
In all likelihood, TCU will accept a multi-year pay back agreement from Jamie that will allow him to pay the $8mm over 2 or 3 years, likely 2 if I had to guess.
No way Dixon is getting $6 mil a year. He’s not that good of a coach.
They were. TCU mid 90's facilities and everything were pretty mediocre if not poor.His entire staff (him included) would have rather been somewhere else from day 1 IMO. scheissing Reggie Herring used to come into the weight room while we were in there and loudly talk about how all the other schools he’d worked at were better than TCU.
What justifies a contract is the signatures at the bottom.
Why would Dixon be paying the buyout himself?
That is pretty unusual
And if so - why would you want to go?
Again - all that says is UCLA has either no money or isn’t that committed
Hmm, the Art Briles of basketball. No thanks.Boschini, Donati, Pitino.
Make him an offer he can’t refuse.
Come on. He's awesome. He'd have this team whipped into shape in no timeHmm, the Art Briles of basketball. No thanks.
Really curious to see what Tech pays to keep him. Bet he would’ve demanded the Calipari offer from LA.
Tech will pay him top 10 NCAA Basketball coach money for sure... And he will take it, because he knows he will coach at Duke the moment K retires.
Sorry - was more related to the original tweet that said if it was more than $1 mil UCLA would have to pay itHuh? I don’t recall saying anything like that. What I intended to convey was if UCLA didn’t want to fork over the full buyout we are stuck with someone that doesn’t want to be here.
Come on. He's awesome. He'd have this team whipped into shape in no time
And he is not even CLOSE to Art Briles. No way Jose.
The state of California will not all the UCLA athletic department to spend significant money on a buy out. The financial condition of the state flagship schools is a disaster. They are talking about dropping sports programs the situation has gotten so bad. Any buyout will have to come from donor. The average UCLA alum does not give a rats ass... If TCU holds to the $8,000,000 JD will be our coach next year.Sorry - was more related to the original tweet that said if it was more than $1 mil UCLA would have to pay it
Seems obvious that regardless of the contract terms - the new school is paying it one way or another if it’s a million or 8 million - so it seemed a strange tweet
You bet. I want to go to a couple of recruiting parties.In a HEART BEAT. Great coach. Hire Rick Pitino!!