Word on UT Attorneys

[08Vol]

But why in the hell would he do that? Butch is in prime negotiation position. The University wants to get rid of him, and he's owed a lot of money already in his contract. UT will pay him that just to get rid of him.

Because there is a time value to money. The contract says we owe him 12 million dollars. If it also says if fired he will be paid 100,000 a month until the contract is paid off then it will take Butch 10 years to get that money. Maybe it also says Butch can’t coach at a P5 school for 4 years. Administration could say “how bout this, we’ll pay you 4,000,000 today and both move on, you can also coach wherever you want”

 

[KBVol]

College Football News: Teams to Fade - at VegasInsider.com.

"Reports out of Knoxville indicate that UT’s powerful attorneys have been working on the details of a buyout over the last two weeks. And with the torture UT’s fan base has been put through with five years of Butch-isms, there’s little doubt that the pink slip will be issued before lunch on Monday (if not sooner)."

Not buying it.

 

[TNJOKER]

By Monday I'm betting that we will be adding this to the long list of predictions that never came true.

Be amazing if it did though

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[volfanbill]

Because there is a time value to money. The contract says we owe him 12 million dollars. If it also says if fired he will be paid 100,000 a month until the contract is paid off then it will take Butch 10 years to get that money. Maybe it also says Butch can’t coach at a P5 school for 4 years. Administration could say “how bout this, we’ll pay you 4,000,000 today and both move on, you can also coach wherever you want”

The contract is public domain

 

[straferockefeller]

TOS saying buyout drops significantly if vols miss bowl berth. This may explain what the attorneys are negotiating. It may also explain why Currie has delayed his decision. He may be holding out for a discount.

Remember that Hyams said the “Kentucky game is crucial.” This initially led me to believe that the announcement would be made following a loss to Kentucky. But now I’m thinking a win against Kentucky is what will trigger the announcement, because it will all but ensure a bowl game and eliminate the benefit of delaying the decision.

2 Reasons Why Butch Jones has NOT been fired by Tennessee... Yet - A to Z Sports Nashville

 

[TNJOKER]

Exactly, that’s where people need to draw the line. No need to be a POS.

Coach is one thing... Family should never be a target..EVER.

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[TNnative]

I'm not worried about Recruiting. The majority of the TN kids are gonna be Vols regardless. Long as we have a guy hired sometime shortly after the regular season ends recruiting isn't gonna take a huge hit. Depending on who we hire it could get better. Way too soon to worry about this recruiting class.

Actually, I would think the class would be gutted, including the TN kids. That are plenty on the list other programs want, and they will come hard for them.

However, I could see plenty more besides Dixon. Harris and Harris considering flipping if Tennessee does nothing. You can't use a single class as an excuse to retain a coach if you are sure it is time for a change.

 

[BODACIOUS]

TOS saying buyout drops significantly if vols miss bowl berth. This may explain what the attorneys are negotiating. It may also explain why Currie has delayed his decision. He may be holding out for a discount.

Remember that Hyams said the “Kentucky game is crucial. This initially led me to believe that the announcement would be made following a loss to Kentucky. But now I’m thinking a win against Kentucky is what will trigger the announcement, because it will all but ensure a bowl game and eliminate the benefit of delaying the decision.

2 Reasons Why Butch Jones has NOT been fired by Tennessee... Yet - A to Z Sports Nashville

If true, I’m curious what the figure saved would be

 

[straferockefeller]

If true, I’m curious what the figure saved would be

Same here. But I can’t see a scenario in which that discount (whatever the amount) would offset the losses encurred by delaying the announcement. If true, the administration effectively handcuffed themselves by adding that stipulation.

 

[BODACIOUS]

Same here. But I can’t see a scenario in which that discount (whatever the amount) would offset the losses encurred by delaying the announcement. If true, the administration effectively handcuffed themselves by adding that stipulation.

If they snag someone who’s currently coaching though, waiting should also reduce the buyout UT would have to pay to that school too. Correct?

 

[straferockefeller]

If they snag someone who’s currently coaching though, waiting should also reduce the buyout UT would have to pay to that school too. Correct?

Yes. But is missing out on your chosen coach or star recruits worth the discount?

 

[sona]

Butch likes fancy cars and watches. He NEEDS that buyout money.

 

[straferockefeller]

The sooner we become bowl eligible (or ineligible), the sooner we hear an announcement.

 

[Volgrad98]

Sports Betting and Gambling News, and Vegas Odds

Click on College FB, Then "Edwards Teams To Fade" Story there.

Reports out of Knoxville indicate that UT’s powerful attorneys have been working on the details of a buyout over the last two weeks. And with the torture UT’s fan base has been put through with five years of Butch-isms, there’s little doubt that the pink slip will be issued before lunch on Monday (if not sooner).

For the lazy, this is what was in the article. You're welcome.

 

[UTwild82]

Choosing to believe this because I need to.

Same here. Good for the sanity.

 

[straferockefeller]

For the lazy, this is what was in the article. You're welcome.

Yeah....but I’m not expecting an announcement until after Kentucky.

 

[Roustabout]

Why would lawyers be involved in this period? The buyout is in Butch's contract. It is what it is. Why are lawyers needed to "work" on the buyout?

Plenty of reasons. One, Butch wants out. Any buyout is offset by potential future earnings. So, Butch could negotiate a fixed option for less.

Currie is keeping cards close to the vest and is NOT going to fire Butch mid season.

 

[UTKalum23]

Tomorrow could be a big day.

 

[BODACIOUS]

Yes. But is missing out on your chosen coach or star recruits worth the discount?

True, was thinking in terms of them getting who they wanted

 

[VFLBerg]

If true, I’m curious what the figure saved would be

I don't think it saves anything. According to his contract he gets a bonus incentive for making a bowl (the amount varies depending upon the bowl). If he doesn't make a bowl he doesn't get the bonus so it doesn't change the buyout.

 

[GBO18]

Tick tock beeches.

 

[Cobb-Webb 1989]

The uppers at UT are doing nothing and if Currie gets his wishes then Butch will be here next year.

The days of Dickey and JJ are long gone and it is what it is.

They made Butch a contract and he should be payed in full.

I will no longer bash Butch and the silence from the top, speaks for itself.

Either way, The SC game would have been the game and they did nothing.

 

[orangej]

Why would lawyers be involved in this period? The buyout is in Butch's contract. It is what it is. Why are lawyers needed to "work" on the buyout?

Ever heard of contract law? It’s one of the many things lawyers for which lawyers are trained.

 

[illinoisvolfan1]

Please god - let this be true.

 

[o3marine52]

First, the number beside my name is very small. I have read and watched Volnation for a number of years now. With that said, you can take what I say with a grain of salt or simply look past it. Your choice.

The end is near. Some people inside the department and outside pushing for a big name and doing their part to convince him. Stay tuned. My source will remain anonymous.

That told us literally nothing.