BleedGopher
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per the Montgomery Advertiser:
$8,950,000.
This is the estimated amount of money Auburn athletics would owe Gus Malzahn should the university decide to terminate his contract as head football coach at the end of this season. However, that doesn't begin to summarize the financial responsibilty if Malzahn should be removed from his position following the 2016 campaign.
The near $9 million figure, which is based off the contract extension given to Malzahn this past summer by Auburn athletic director Jay Jacobs, would be the largest coaching buyout in Auburn University athletics history, topping the $7.5 million dollar buyout handed out to Gene Chizik following his termination at the end of the 2012 season.
In a review of the extension given to the Tigers' fourth-year head coach this past June, Malzahn will be owed $2,237,500 for each of the remaining years left on the contract if fired without cause. Therefore if the contract is terminated by Auburn at the end of the 2016 season, Malzahn would be owed for the 2017, 2018, 2019 and 2020 seasons he wouldn't be able to coach at the school, a figure that totals $8.95 million.
If that decision is made, it is unknown at this time whether Auburn officials and Malzahn’s agent Jimmy Sexton would come to a payment plan similar to the monthly pay structure given to Chizik following his termination. After being fired following the 2012 season where Auburn finished 3-9 and winless in the Southeastern Conference, Chizik was reportedly paid his $7.5 million in monthly installments of $209,457.84 through the 2015-2016 fiscal year.
http://www.montgomeryadvertiser.com...yout-analysis-gus-malzahn-his-staff/90623234/
Go Gophers!!
$8,950,000.
This is the estimated amount of money Auburn athletics would owe Gus Malzahn should the university decide to terminate his contract as head football coach at the end of this season. However, that doesn't begin to summarize the financial responsibilty if Malzahn should be removed from his position following the 2016 campaign.
The near $9 million figure, which is based off the contract extension given to Malzahn this past summer by Auburn athletic director Jay Jacobs, would be the largest coaching buyout in Auburn University athletics history, topping the $7.5 million dollar buyout handed out to Gene Chizik following his termination at the end of the 2012 season.
In a review of the extension given to the Tigers' fourth-year head coach this past June, Malzahn will be owed $2,237,500 for each of the remaining years left on the contract if fired without cause. Therefore if the contract is terminated by Auburn at the end of the 2016 season, Malzahn would be owed for the 2017, 2018, 2019 and 2020 seasons he wouldn't be able to coach at the school, a figure that totals $8.95 million.
If that decision is made, it is unknown at this time whether Auburn officials and Malzahn’s agent Jimmy Sexton would come to a payment plan similar to the monthly pay structure given to Chizik following his termination. After being fired following the 2012 season where Auburn finished 3-9 and winless in the Southeastern Conference, Chizik was reportedly paid his $7.5 million in monthly installments of $209,457.84 through the 2015-2016 fiscal year.
http://www.montgomeryadvertiser.com...yout-analysis-gus-malzahn-his-staff/90623234/
Go Gophers!!
