Butch Jones' Buyout

Discussion in 'Vols Football' started by Tenacious D, Sep 28, 2015.

  1. Tenacious D

    Tenacious D The law is of supreme importance, or no importance

    Butch Jones' buyout is $12M if it occurs before March 1st, 2016. If afterward, it's $10M.

    If we fire him after March 1st, 2017, it's still $8M.

    $2M per year for every contract year remaining.

    This will be the primary reason why Hart is shown the door. And should be.
     
  2. ole_orange

    ole_orange Member

    We would still be stuck with Jimmy Cheek's slimey hands on the process.
     
  3. reVOLt

    reVOLt Contributor

    So Tenny, this seems to say that economically, we won't make a change?
     
  4. NorrisAlan

    NorrisAlan Founder of the Mike Honcho Fan Club

    Again, I am in the wrong business.

    Good God that contract is ludicrous and criminal fiduciary negligence.
     
  5. The Dooz

    The Dooz Super Moderator

    Link? I need to see this officially.
     
  6. TennTradition

    TennTradition Super Moderator

    I believe there was a thread on this site that detailed the extension / buyout changes. Might be able to search it out.
     
  7. Volgrad98

    Volgrad98 Contributor

    Last edited: Sep 28, 2015
  8. kptvol

    kptvol Super Moderator

    I wonder if anyone has ever measured the worst coaching investments of all time, as measured in dollars paid out per win delivered.
     
  9. **TDCVOL**

    **TDCVOL** Contributor

    This should effectively end any Butch being fired this year discussions.
     
  10. Savage Orange

    Savage Orange I need ammunition, not a ride. -V Zelensky.

    This is the most depressing thread possibly ever....
     
  11. justingroves

    justingroves supermod

    The buyout is 4 million, per his contract

    Edit: someone posted it just above me
     
  12. Savage Orange

    Savage Orange I need ammunition, not a ride. -V Zelensky.

    That appears to be dated 2013, is it pre-extension? If so, are Tenny's figures more up to date? I'm on an iPhone so the document posted in the link above is hard to read as it won't stretch...
     
  13. awebb7

    awebb7 Contributor

  14. justingroves

    justingroves supermod

    Eh dammit it is 2 million per year remaining
     
  15. Savage Orange

    Savage Orange I need ammunition, not a ride. -V Zelensky.

    I just saw that in the last link... We're shackled to this turd for several more years....
     
  16. Savage Orange

    Savage Orange I need ammunition, not a ride. -V Zelensky.

    awebb , thanks for the better link... Depressing as it is to read it's better to have an honest assessment of where we stand....
     
  17. kptvol

    kptvol Super Moderator

    We hang onto Butch much longer and nothing short of Gruden and the national attention he would command will bring the program back.
     
  18. kptvol

    kptvol Super Moderator

    Why exactly does the contract run from March to March? Was he not hired in December? Is that standard practice?
     
  19. bigpapavol

    bigpapavol Chieftain

    Post recruiting.
     
  20. awebb7

    awebb7 Contributor

    So contract year would be 2015, 2016, 2017, 2018, 2019. We are already paying him for 2015, so would this not be an $8M buyout if fired on February 29th 2016? I haven't had time to review the entire document.
     

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