hawkeye12345
Well-Known Member
Found a few interesting points:
1) At the end of this season, per the contract, Lick and AD are going to sit down and discuss an extension. Paragraph 1.
2) At the end of the 5th, 6th and 7th years of the contract, Lick will receive longevity bonus of $250,000 per year. He will be heading in to his 4th year next year.
3) Termination without cause costs the UofI $600k per year which is just $50k less than his base salary. Whoever negotiated that should be shot. His contract runs through June, 2014 so he's got 4 years left on his contract.
4) If COACH leaves the UofI at his discretion at then end of this season then HE pays the UofI $1 million. If he leaves at the end of next year HE pays the UofI $500k. If he leaves at the end of his 5th year then it costs him $0. He isn't going to leave on his own if you get what I'm saying.
5) Here is something that I found that may actually allow the UofI to fire him for cause and save both sides buyout $$$$. Appendix A is a list of justifiable termination reasons. It includes: General Program Management, Teaching / Training, Counseling / Advising, Budget Management, Recruiting (including the word TALENTED) & Public Relations. I think he's failed in pretty much all of these areas. The tricky part is that they are all arbitrary so he could win in arbitration but that would be a risk that I am willing to take.
1) At the end of this season, per the contract, Lick and AD are going to sit down and discuss an extension. Paragraph 1.
2) At the end of the 5th, 6th and 7th years of the contract, Lick will receive longevity bonus of $250,000 per year. He will be heading in to his 4th year next year.
3) Termination without cause costs the UofI $600k per year which is just $50k less than his base salary. Whoever negotiated that should be shot. His contract runs through June, 2014 so he's got 4 years left on his contract.
4) If COACH leaves the UofI at his discretion at then end of this season then HE pays the UofI $1 million. If he leaves at the end of next year HE pays the UofI $500k. If he leaves at the end of his 5th year then it costs him $0. He isn't going to leave on his own if you get what I'm saying.
5) Here is something that I found that may actually allow the UofI to fire him for cause and save both sides buyout $$$$. Appendix A is a list of justifiable termination reasons. It includes: General Program Management, Teaching / Training, Counseling / Advising, Budget Management, Recruiting (including the word TALENTED) & Public Relations. I think he's failed in pretty much all of these areas. The tricky part is that they are all arbitrary so he could win in arbitration but that would be a risk that I am willing to take.
