Can skip leave without paying USF?

[Southshore26]

Wasn't it like 500k?

Yes, Skip's buyout would be 500k per season for the balance of his contract unless he gets another coaching job.

I just read that Auburn will pay their coach 250k a month until 2015....ouch!!!

No the smartest contract on Auburn's part.... they actually have to pay him whether he secures another job or not... he gets the 250k no matter what.

[GaUSFBull]

I just read that Auburn will pay their coach 250k a month until 2015....ouch!!!

No the smartest contract on Auburn's part.... they actually have to pay him whether he secures another job or not... he gets the 250k no matter what.

That is effing ridiculous money. I wonder how many Auburn fans are pulling a Bull94 and raising hell about that money that could be used for academics? My guess is not very many.

[2000bull]

Wasn't it like 500k?

Yes, Skip's buyout would be 500k per season for the balance of his contract unless he gets another coaching job.

I know that part of the contract. the OP asked what skip would have had to pay had he left ot take another coaching job last summer, which looks like would have been $500K in the orignal contract he signed.

Holtz signed a five-year, $9.1 million contract that includes an annual salary of $1.7 million the first two seasons and a $100,000 increase per season in each of the final three years. The contract includes a $1 million buyout clause the first two seasons, a $500,000 buyout in the third and fourth years, and a $300,000 buyout in 2014, the final season of the contract.

http://www2.tbo.com/sports/breaking-news-sports/2010/jan/14/usf-deal-holtz-reportedly-could-be-finalized-today-ar-55678/

[Greg Auman]

It would cost Holtz $1-million to buy out of his contract before Dec. 2013. That's a result of the new extension he got in June -- before that, would have cost only $500k to buy out of his original USF contract.

[SANJAY]

So the chances of someone hiring skip and him, or the hiring school, paying $1million to USF is slim and none.

[Bull Martin]

I'm am 1000% certain that if Skip asked to back out of his contract Scott free, USF would happily oblige. Granted it happened in the next month.

[Greg Auman]

Sets a bad precedent to tear up a contract and let someone leave without contractual penalties, no? Main reason Doug gave him the extension was to guard against someone else luring him away from USF -- you'd argue the increased buyout on Holtz's end was only benefit to USF in the extension. If USF let Holtz leave without a contractual buyout, not sure how you'd be able to hold any future coaches to their buyouts.

[Bull Martin]

Sets a bad precedent to tear up a contract and let someone leave without contractual penalties, no? Main reason Doug gave him the extension was to guard against someone else luring him away from USF -- you'd argue the increased buyout on Holtz's end was only benefit to USF in the extension. If USF let Holtz leave without a contractual buyout, not sure how you'd be able to hold any future coaches to their buyouts.

I think they could find a way (settle out of court with an NDA). No one is going to come calling, so it's a moot point either way.

[Cow Pie]

Someone should start www.auburnhireskipholtz.com and a www.arkansashireskipholtz.com sites and get busy... this is our best chance at dropping this wet noodle of a coach before he can ruin this program.

We need someone with passion and anger, not some Yoda speak jack-ass.

[theman123]

Because Auburn or Arkansas are gonna hire this clown.