Latest on the buyout for Schiano??

[volberry]

Any word about what he is owed?

 

[Kelley_VFL]

why do you even call it a contract.

A MOU is not a contract

It simply includes the terms to write into the contract--that's all

Terms of MOU even said must be signed by others who did not sign.

Nothing here....move on

Not according to the MOU used to hire Rick Barnes and Butch Jones. Both clearly say that it is "an enforceable agreement" until it was superceded by a written employment agreement. See first paragraph. If they used a similar MOU, I believe the key words are "when fully executed" in the first paragraph. Is a contract that is only signed by the AD and the coach "fully executed"? I believe that Tennessee will owe him something unless Schiano requested a release. Examples of MOU used in the past are below.

Rick Barnes MOU
http://grfx.cstv.com/photos/schools...pdf/2014-15/misc_non_event/BarnesContract.pdf

Butch Jones MOU http://grfx.cstv.com/photos/schools...3/misc_non_event/butch_jones_mou_12072012.pdf

Derek Dooley MOU
http://media.timesfreepress.com/docs/2010/04/Derek_Dooley_MOU_2010.pdf

 

[basspond]

They owe him nothing, but they will probably give him something... smdh..

Tennessee Sweatshirt? It gets cold up there.

 

[Vato]

78a485d676d4df38e826d6e20d02c7d5.jpg
Been waiting to post that for a while

 

[mikepotts]

i say nothing from the MOU... however, he may pursue something due to defamation... put the gun down! im not saying he deserves it, or that he will win, just sayin... this admin would probably pay him something to just go away and not call foul.

 

[Orangedogsrule]

We could send him an old mattress out of The Fort.....what he does with that old mattress is his own business. Although, I do have a suggestion.

fify

 

[ShoNuff]

stop with the buyout nonsense, there isnt one.

 

[vols-1]

i say nothing from the MOU... however, he may pursue something due to defamation... put the gun down! im not saying he deserves it, or that he will win, just sayin... this admin would probably pay him something to just go away and not call foul.

But that might mean calling Sandusky to testify.

 

[ru4real-really?]

Not according to the MOU used to hire Rick Barnes and Butch Jones. Both clearly say that it is "an enforceable agreement" until it was superceded by a written employment agreement. See first paragraph. If they used a similar MOU, I believe the key words are "when fully executed" in the first paragraph. Is a contract that is only signed by the AD and the coach "fully executed"? I believe that Tennessee will owe him something unless Schiano requested a release. Examples of MOU used in the past are below.

Rick Barnes MOU
http://grfx.cstv.com/photos/schools...pdf/2014-15/misc_non_event/BarnesContract.pdf

Butch Jones MOU http://grfx.cstv.com/photos/schools...3/misc_non_event/butch_jones_mou_12072012.pdf

Derek Dooley MOU
http://media.timesfreepress.com/docs/2010/04/Derek_Dooley_MOU_2010.pdf

A quick look into the Barnes MOU shows it was "fully executed" be the AD, Chancellor, and Financial Officer
as well as signed by Barnes. At that time and only at that time did it become enforceable.

The Schiano MOU was signed only by Currie and Schiano. ( I think) The Chancellor and Financial officer still would have had to sign it in order for it to become binding.

It especially would not be binding if their names were included on the document for their signature and lines were left blank.

So, still nothing here...move on:hi:

 

[Orangedogsrule]

Not according to the MOU used to hire Rick Barnes and Butch Jones. Both clearly say that it is "an enforceable agreement" until it was superceded by a written employment agreement. See first paragraph. If they used a similar MOU, I believe the key words are "when fully executed" in the first paragraph. Is a contract that is only signed by the AD and the coach "fully executed"? I believe that Tennessee will owe him something unless Schiano requested a release. Examples of MOU used in the past are below.

Rick Barnes MOU
http://grfx.cstv.com/photos/schools...pdf/2014-15/misc_non_event/BarnesContract.pdf

Butch Jones MOU http://grfx.cstv.com/photos/schools...3/misc_non_event/butch_jones_mou_12072012.pdf

Derek Dooley MOU
http://media.timesfreepress.com/docs/2010/04/Derek_Dooley_MOU_2010.pdf

It is not "fully executed" until ALL required signatures are in place.

Executed Contract - Definition, Examples, Processes

..."An executed contract is a legal document that has been signed off by the people necessary for it to become effective. The contract is often made between two or more people, but it can also be between a person and an entity, or two or more entities. Contracts often specify that one party will provide a service or goods to the other, and are not fully effective until all parties involved have signed. Some contracts even require the signatures be witnessed."...

See on Jones's MOU that THREE signatures were required.
1) The Vice Chancellor and Director of Athletics-Dave Hart
2) The Chancellor-Jimmy Cheek
3) The Chief Financial Officer-Scribildy Scrawl.

If any one of the signatures were not in place, the MOU is not "fully executed" and therefore unenforcable.

 

[onevol74]

He will not pursue a dime. To do so he knows he would be put under oath and questioned about some things he does not want to discuss. Case closed.

This all day.

 

[Freak]

i say nothing from the MOU... however, he may pursue something due to defamation... put the gun down! im not saying he deserves it, or that he will win, just sayin... this admin would probably pay him something to just go away and not call foul.

Defamation by whom?

 

[Freak]

The MOU was for 6 years @ $4.5m for anyone who missed it.

 

[Wolfeman_Vol]

The MOU was for 6 years @ $4.5m for anyone who missed it.

I can't believe we were going to give that turd $27M. Hey, we just got rid of an egomaniacal jerk, now we need another one! Call all your chums from Tampa to celebrate!

 

[harrit4]

The short answer is, NOT!