But with three years left on his contract through 2027, he has a $2.93 million buyout if fired after this season.
Please, someone correct me if I'm wrong, but I don't think Marcus has the facts correct here.
Ben Johnson has two years remaining on his contract after this season (through 2027). Does Marcus realize it is 2025 now?
Originally, Johnson signed a five-year deal, which in 2022 was extended by one year through April of 2027.
Year One: 2021-22 (complete)
Year Two: 2022-23 (complete)
Year Three: 2023-24 (complete)
Year Four: 2024-25 (completing now)
Year Five: 2025-26 (remaining)
Year Six: 2026-27 (remaining)
His contract states that after Year Four the school would owe Ben Johnson 50% of his remaining salary if fired during or at the end of this season. He is paid $1.95 million per year. That means with TWO YEARS (not three) remaining, Ben would be owed $1.95 million x 2 seasons remaining = $3.9m total x 50% =
$1.95 million.
I think Marcus somehow figured it at
3 years x $1.95 million = $5.85m x 50% = $2.925 million.
I don't think that is correct.