Former CSU AD says McElwain's buyout may not be that big a deal

[Mainland_Buc_75]

Former CSU athletic director Jack Graham, who drafted the contract extension that McElwain signed June 6, told the Coloradoan, which initiated contact, : CSU President Tony Frank "...agreed to reduce if not eliminate the breakup fee if a 'dream job' were to come along,"

http://www.coloradoan.com/story/spo...e-president-reduce-mcelwains-buyout/19807853/

 

[Gator Fever]

I knew there was no way Foley was going to pay a 7.5 million buyout.

 

[G 2]

While I'm not super excited about the McElwain hire, I am definitely happier to hear we won't be paying $7,500,000 just for the right to hire him and pay him even more millions.

 

[Captain Sasquatch]

This has been hinted at a lot over the last few days. There are a lot of ways around the buyout, and the most likely scenario is a home and home matchup with them in the future.

 

[Mainland_Buc_75]

This has been hinted at a lot over the last few days. There are a lot of ways around the buyout, and the most likely scenario is a home and home matchup with them in the future.

Agree about the hinting. This from the former AD who wrote the deal confirms there was always a "dream job" out clause approved by the prez. Which makes the matchup on the field mute, though it would be a nice nod.

 

[t-gator]

This has been hinted at a lot over the last few days. There are a lot of ways around the buyout, and the most likely scenario is a home and home matchup with them in the future.

I don't see us going to Colorado. Maybe we agree to bring them here. But I just don't think we go there. I've heard that mentioned aswell. Hard to us burning a home game like that

 

[Mainland_Buc_75]

I don't see us going to Colorado. Maybe we agree to bring them here. But I just don't think we go there. I've heard that mentioned aswell. Hard to us burning a home game like that

I agree. When's the last time we went out of state for a non-conference game? Syracuse?

 

[GatorJ]

I agree. When's the last time we went out of state for a non-conference game? Syracuse?

Tempe?

 

[soflagator]

I agree. When's the last time we went out of state for a non-conference game? Syracuse?

Regular season, yes.

I'd be in on this trip, though.

 

[Mainland_Buc_75]

Regular season, yes.

I'd be in on this trip, though.

So would I.

 

[Mainland_Buc_75]

Tempe?

Non bowl. It was Syracuse. September 21, 1991

 

[Captain Sasquatch]

I don't see us going to Colorado. Maybe we agree to bring them here. But I just don't think we go there. I've heard that mentioned aswell. Hard to us burning a home game like that

If it saved us from having to pay them $7.5M, I think we'd make the trip.

 

[Mainland_Buc_75]

If it saved us from having to pay them $7.5M, I think we'd make the trip.

The quote from the former AD pretty much states there is little or no buyout for a Florida, Alabama or Michigan team that comes calling. We won't be going to Colorado, assuming McElwain accepts the offer.

 

[TN G8tr]

Would not mind going to CSU and then a home game with them. But looks as if the buyout won't be an issue. UF is going to have the Michigan game at Jerry's world in 2017.

 

[g8trs99]

Teams like UF don't go and play home and homes with teams like Colorado State. Do you all watch college football? CSU's stadium holds 34,000. UF is not going to play in a glorified high school staduim. I see they are trying to decided whether or not to improve the current stadium or build a new one. That may be put on ice if the coach goes to UF. The best that CSU could hope for in that arena is to come to Gainesville one year and get some cash, then maybe play a neutral site game in Orlando or Tampa or somewhere like that where they get half the funds, but that is doubtful as they would most likely not travel well enough to make it worth it to either team.

 

[T REX]

Can someone explain what's going on with the buy out?

 

[NavetG8r]

Robbie Andreu retweeted
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Matt L. Stephens ‏@MattStephens 8h8 hours ago
Quick update as I head home for the night: Colorado State not obligated to reduce McElwain's buyout http://noconow.co/1ygj9vD
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[playzwtrux]

When does Robbie get anything right? even if it's a retweet.

Just watch the game Robbie.

 

[Mainland_Buc_75]

When does Robbie get anything right? even if it's a retweet.

Just watch the game Robbie.

He got this right :-)

"Notwithstanding the above, the Parties acknowledge, understand, and agree that in the case or event of extenuating circumstances the University's President shall have the discretion, but not the obligation, to reduce in whole or in part McElwain's obligation to pay Liquidated Damages to the University.

McElwain shall have the right to request that the Parties engage in a good faith discussion of such Liquidated Damages amount prior to McElwain providing formal notice to the University of his decision to terminate this Agreement without cause, and in such event the University agrees to engage in such discussion, although the University has no obligation to reduce in whole or in part McElwain's obligation to pay Liquidated Damages, with an understanding and acknowledgement that time will be of the essence in coming to a final decision."

 

[Mainland_Buc_75]

December 3, 2014, 2:51 PM - Orlando Sentinel

"The Coloradoan newspaper reported Wednesday UF was negotiating to reduce the buyout to $3 million, but the Sentinel's source said it's "not gonna happen" and there is substantially less wiggle room in reducing the buyout than some media have implied."

http://www.orlandosentinel.com/spor...otball-coach-jim-mcelwain-20141203-story.html