$800,000 breach of contract penalty..
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  1. #1
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    $800,000 breach of contract penalty..

    ...isn't this clause in Greg's contract?

    If so, does Pollard let him walk with no penalty?



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    Re: $800,000 breach of contract penalty..

    Make the new school pay it.



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    Re: $800,000 breach of contract penalty..

    If you don't know if it's in his contract for sure then don't start the thread



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    Re: $800,000 breach of contract penalty..

    Its in his contract, but we dont know if anything was negotiated behind the scenes. Itd be awesome to have $800k to pay the next guy



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    Re: $800,000 breach of contract penalty..

    Lots of threads start with questions. Nothing wrong with this one.
    I don't know for sure - but I have heard that number in numerous threads tonight.



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    Re: $800,000 breach of contract penalty..

    that is the number and I see now way pollard lets him go without getting that money.



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    Re: $800,000 breach of contract penalty..

    Quote Originally Posted by ISUKyro View Post
    Lots of threads start with questions. Nothing wrong with this one.
    I don't know for sure - but I have heard that number in numerous threads tonight.
    Its the lesser of 800k or his base compensation for the remainder of his contract, so 800k.



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    Re: $800,000 breach of contract penalty..

    Quote Originally Posted by IlikeTornados View Post
    If you don't know if it's in his contract for sure then don't start the thread
    So this board is not a place to ask questions?


    Uh....ok.





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    Re: $800,000 breach of contract penalty..

    Quote Originally Posted by cstrunk View Post
    Make the new school pay it.
    They have the donor base to cover 800k. With Colleges of Law, Dentistry, Medicine and Pharmacy, they have some very well off donors who can cough up 800k to cover the expense.



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    Re: $800,000 breach of contract penalty..

    This cannot be a deal breaker. If Creighton decides to go in a different direction
    because of this 800K buyout that would be a disaster for ISU.

    I think the only reason the official announcement has not been made is because
    Creighton is asking for a lower buyout number. If they say a buck I say we take it.



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    Re: $800,000 breach of contract penalty..

    Quote Originally Posted by fsanford View Post
    I think the only reason the official announcement has not been made is because
    Creighton is asking for a lower buyout number. If they say a buck I say we take it.
    My bet is McDermott hasn't accepted it....yet



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    Re: $800,000 breach of contract penalty..

    Quote Originally Posted by IcSyU View Post
    My bet is McDermott hasn't accepted it....yet
    Also, Oregon isnt officially announcing Altman until tomorrow are they? Itd be rather odd to announce a replacement for a coach before he's officially announced he's gone.



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    Re: $800,000 breach of contract penalty..

    Quote Originally Posted by alarson View Post
    Also, Oregon isnt officially announcing Altman until tomorrow are they? Itd be rather odd to announce a replacement for a coach before he's officially announced he's gone.
    Altman is booking his flight back to Omaha as we speak.



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    Re: $800,000 breach of contract penalty..

    Quote Originally Posted by IcSyU View Post
    Altman is booking his flight back to Omaha as we speak.
    Haha. That could why Rasmussen had to work quick, had to make sure there was no job left for Altman to come back to this time.



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    Re: $800,000 breach of contract penalty..

    We'd likely need this to pay the assistants if he left.




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