If Auburn terminates Chizik for cause, the coach could be required to repay the balance of the $750,000 the university loaned him to pay his buyout at Iowa State in late 2008.
Interesting:
Wait....they "loaned" that money to him? That would indicate they expect it to be paid back at some point. I figured they would just pay it straight out as part of the deal when they agreed to hire his stupid ***.
I don't feel one bit bad for him. No one else should either. Everyone gets what they deserve.
I'm sure Chiz already had a deal under the table with $Cam Newton to get his money back in a few years when he's a pro.
Is this common for the coach to pay his own buyout ? Doesn't the new employer pay for his buyout ?
You would think after the RichRod vs. WV case buyouts would always be very clear cut in contracts.
I thought of 2 possibilities: it is a common clause or Chizik was so desperate to land AU job that he doesn't mind paying to get that job.
I read the Rag this morning about Arnaud after his season-ending injury: DMac called him. And guess who else called ? Chizik.
Chizzledick said:Hello, Austin? It's me, Gene. I was just calling... CLICK... Hello? Austin?