The Buyout

[InstiGATOR1]

I don't see why sexton's ties to potential clients comes to play.

His agent shouldn't negotiate the buy out, his lawyers should.

Example 1,342,499 that Mac went full retard here in every facet.

If I were the guy tweeting this out, I would be far more careful about accusing an agent like this from defrauding his client. I would think that Mr. Sexton would not take very kindly to such claims. He might even litigate over claims that he puts his own interest ahead of his clients.

 

[Alumni Guy]

If I were the guy tweeting this out, I would be far more careful about accusing an agent like this from defrauding his client. I would think that Mr. Sexton would not take very kindly to such claims. He might even litigate over claims that he puts his own interest ahead of his clients.

I'm not too worried. A claim of conflict of interest is not libel.

If I were Mac, I'd rather have a lawyer with no ties to my potential successors than a guy who will get 6% of the new contract if his client is the next coach.

 

[NovaGator]

UF is loathe to let this thing drag on, wants to cut bait and get it behind them. Look for it to be somewhere in the middle of the $12.8 million
contract clause figure and the low-ball figure offered to Butters of $4 million. $8 millions sounds to be the figure, give or take a million.
Doesn't really matter. Boosters will cough up the cash.

 

[gatormandan]

I really love being wrong. I was absolutely certain Mac would be here next yr and I just love being wrong.

 

[Swamp Donkey]

I'm not too worried. A claim of conflict of interest is not libel.

If I were Mac, I'd rather have a lawyer with no ties to my potential successors than a guy who will get 6% of the new contract if his client is the next coach.

yeah but it is exactly the multiple clients, direct knowledge of multiple other contracts, and deep knowledge of the ADsand their processes that allow this particular agent to get his clients oversized contracts. it will also allow him to try to repair the damage that butterteeth did to himself and get him another nice payday someday somewhere. Some team will be desperate and will bite, probably Tinerc.

 

[williston_gator]

Saw somewhere else that there's a rumor of $4 mil, but 3 to CSU 1 to Mac.

 

[BMF]

Saw somewhere else that there's a rumor of $4 mil, but 3 to CSU 1 to Mac.

If this is the case, it's very surprising. The buyout to CSU seems like it's a completely separate issue. But if that's the deal, it works to our benefit BIG TIME! He's only going to walk w/ $1 million. A lot to you and I, but he was set to get $12.9 million....and WE would have still been on the hook for the $1.5 million we owed to CSU. So he could have cleared $11.4 million (after he paid his share of the CSU buyout). So he's losing more than $10 million for claiming "death threats". Wow!!

 

[Alumni Guy]

yeah but it is exactly the multiple clients, direct knowledge of multiple other contracts, and deep knowledge of the ADsand their processes that allow this particular agent to get his clients oversized contracts. it will also allow him to try to repair the damage that butterteeth did to himself and get him another nice payday someday somewhere. Some team will be desperate and will bite, probably Tinerc.

I agree, and those contacts and knowledge are perfect for getting his next contract, not negotiating the millions of dollars we will pay him NOT to ever do anything gators related ever again.

 

[williston_gator]

If this is the case, it's very surprising. The buyout to CSU seems like it's a completely separate issue. But if that's the deal, it works to our benefit BIG TIME! He's only going to walk w/ $1 million. A lot to you and I, but he was set to get $12.9 million....and WE would have still been on the hook for the $1.5 million we owed to CSU. So he could have cleared $11.4 million (after he paid his share of the CSU buyout). So he's losing more than $10 million for claiming "death threats". Wow!!

Who knows if it had any merit. All speculation at this point.

 

[InstiGATOR1]

I'm not too worried. A claim of conflict of interest is not libel.

If I were Mac, I'd rather have a lawyer with no ties to my potential successors than a guy who will get 6% of the new contract if his client is the next coach.

No the claim is not conflict of interest, but rather acting against the interest of his client. I guess the defense would be that Sexton is a public figure and he must show malice to win damages for libel. I could see that as a close close call.

 

[Alumni Guy]

No the claim is not conflict of interest, but rather acting against the interest of his client. I guess the defense would be that Sexton is a public figure and he must show malice to win damages for libel. I could see that as a close close call.

If your gonna go into lawyer mode: the claim is that I have a concern about a conflict of interest, not that one exists. Further, if there is a conflict, I did not say Sexton would ignore it. 3rd, if sexton did act despite the conflict, there is no indication either Mac or the possible new coach is harmed by it. 4th, perhaps Sexton had Mac and new coach knowingly file a conflict of waiver.

Finally, as we all know Gatorchatter was responsible for the early termination. However, I doubt sexton suffered any damages from my post.

If he did, I'll call you to defend me.

 

[InstiGATOR1]

If your gonna go into lawyer mode: the claim is that I have a concern about a conflict of interest, not that one exists. Further, if there is a conflict, I did not say Sexton would ignore it. 3rd, if sexton did act despite the conflict, there is no indication either Mac or the possible new coach is harmed by it. 4th, perhaps Sexton had Mac and new coach knowingly file a conflict of waiver.

Finally, as we all know Gatorchatter was responsible for the early termination. However, I doubt sexton suffered any damages from my post.

If he did, I'll call you to defend me.

Not you, but the guy who posted online claiming that Sexton did not pursue McElwain's full buyout very hard because he wanted to benefit from UF's next hire. That is what we were discussing.

Your post certainly did Sexton no harm unless you are the guy quoted originally. The person originally quoted claimed Sexton acted on his possible conflict on interest and therefore mistreated his client to whom he had a fiduciary duty.

And of course since I am not an attorney, I do not practice law.

 

[divits]

The only way I imagine these $4 million buyout stories can be true would be that Sexton and Mac must think that UF has enough "due cause" ammunition against him. No way McElwain walks away from that much money otherwise. I don't care how much he may have wanted out of Gainseville.

 

[Bernardo de la Paz]

The only way I imagine these $4 million buyout stories can be true would be that Sexton and Mac must think that UF has enough "due cause" ammunition against him. No way McElwain walks away from that much money otherwise. I don't care how much he may have wanted out of Gainseville.

The other thing Mac has to really consider here is that if he plays chicken with Stricklin and it ends up going to court, he could wind up with nothing while still owing CSU more than a million. That puts Stricklin in a much stronger bargaining position. Paying the whole buyout would be irritating for us, but getting nothing would absolutely ruin Mac.

 

[Zambo]

I just can't wrap my head around the fact that we write contracts in such a way that we have to pay somebody any significant amount of money for doing such a crappy job. His severance should have been the balance of this years salary and that's it.

 

[oxrageous]

Paying the whole buyout would be irritating for us, but getting nothing would absolutely ruin Mac.

Mac has made over $12 million in his short time here. He'd probably find a way to scrape by.

 

[Alumni Guy]

Are the terms of the buy out subject to public records/sunshine laws?

I've never understood if the UAA is a private or public entity.

 

[Bernardo de la Paz]

Mac has made over $12 million in his short time here. He'd probably find a way to scrape by.

How much of that went to CSU and how much went to the IRS? Maybe ruin is too strong, but that payment to CSU would be pretty tough to come up with I would guess.

 

[divits]

I just can't wrap my head around the fact that we write contracts in such a way that we have to pay somebody any significant amount of money for doing such a crappy job. His severance should have been the balance of this years salary and that's it.

Crazy, isn't it. Upfront money for the hope of promised results. Other than sports, Hollywood and CEO's I don't know of a lot of positions with these type of sweetheart compensation packages.

Some would call it classic supply and demand capitalism but I call it bull$h!t. It's crony capitalism. Everybody in the small tight knit circle benefits from it but the schools and fans get screwed. ADs are tight with agents and coaches. They have a symbiotic/antagonistic relationship with a lot of back scratching going on. It's like the corporate world where boards of directors and compensation committees are made up of other CEO's. It creates a false market with no one stopping to say, "Hey, what the hell are we doing? This makes no sense. We should pay a nominal base salary with most of the compensation tied to performance with no golden parachutes or guarantees if you fail miserably."