Does anyone actually know how a buyout works? Serious question. I have no idea. Everyone assumes rich folks pony up the money but is that how it really works? Who came up with the $10M+ to make Sumlin go away.

It would be the greatest Aggie joke in history if we bought out Jimbo and started offering IOU's to recruits as NIL deals just as Horn entered the league because the Jimbo buyout bankrupted the program. I assume there is not a bottomless pit of money we can draw from.

He'll be owed like 20 million within a month, then some sort of payout after I think.

It is not nearly as common as people would have you believe for donors to pay these buyouts.

Donors aren't on the hook for his contract. Its between him and the University.

Thats the great part of these contracts. Big kickbacks for the people that give them out. The funds are guaranteed by the institution itself. Lot of people paid aiding Jimbo taking the University to the cleaners.

rjkiv04 said:

---

He'll be owed like 20 million within a month, then some sort of payout after I think.

---

That's not my question. The contract is supposedly fully guaranteed. So Jimbo gets his $75M the assistants get their multi million dollar buyouts and we drop another $50-$75M on a new coach. Where does that massive pile of money come from? Does the program take on debt? Do a bunch of rich guys decide it worth $10M out of their pockets to get a new coach?

Jimbo wants to be fired... he gets his money and he gets it in a better way than going through his contract

Jimbo ain't going anywhere. This will be the Aggie football legacy for the remainder of his contract. Seasons just like this and last years will be the norm. Just hope they never offer a contract that's not performance based from here on out.

phillytex24 said:

---

Jimbo ain't going anywhere. This will be the Aggie football legacy for the remainder of his contract. Seasons just like this and last years will be the norm. Just hope they never offer a contract that's not performance based from here on out.

---

You are wrong. Completely wrong.

So it's safe to say that nobody here knows how a buyout works. Despite all the confident predictions that the buyout is 100% happening.

The AD schmoozes.

rootube said:

---

rjkiv04 said:

---

He'll be owed like 20 million within a month, then some sort of payout after I think.

---

That's not my question. The contract is supposedly fully guaranteed. So Jimbo gets his $75M the assistants get their multi million dollar buyouts and we drop another $50-$75M on a new coach. Where does that massive pile of money come from? Does the program take on debt? Do a bunch of rich guys decide it worth $10M out of their pockets to get a new coach?

---

You have roughly 16 million reasons they won't go in debt again…

https://theeagle.com/news/local/a-m-lent-athletics-16-million/article_6d3d276a-2f0d-5eaa-bffd-5fd72b27e147.html

The buyout will be paid by a group of donors. Both the $20 million upfront payment and the ongoing yearly payouts. Universities directly pay only a fraction of a head football coach's salary. The rest is funneled through the equivalent of the 12th Man Foundation.

As far as an unlimited amount of money goes. No, no there is not an unlimited amount of money. However, the financial resources at the disposal of A&M is equal to or more than almost any other University out there. As someone pointed out on another thread: How many Aggies are reaping windfall earnings over the ExxonMobil acquisition of Pioneer for $60 billion?

The money is there to buyout Fisher. Right now the question is: Who will win the internal battle for control over the program? Those who support Fisher or those who want change.

A buyout would be a rough move at this point. Between HC and coaches contracts, it would be a massive long-term payout over years. Also, IF you did get a group of boosters to do it, they will likely ask the AD to leave as well. Package deal in my opinion.

Trickle down into recruiting, NIL, transfers, etc. would be worst than the crappy performances.
We'll still send guys to the NFL and maybe land a handful of 5 stars down the road.
But the recruiting boom has seen its peak.

These donors are probably kept at arm's length for now and its Jimbo's program to run.
If you make this move, you head further into alumni/donor meddling like peak Dodd's era t.u.
No good.

So, we need Jimbo to figure it out. And that's unlikely with the cast of characters he's chosen as assistants.
Get ready for more 2-3 seasons unless some generational QB shows up at the right time.

time to increase the cost of chicken wraps....

You've often had unique insights on inner workings in the AD and I figure you're either really astute or you have some sort of insider knowledge. So, with respect to either of those options and without revealing yourself if you're concerned about that, regarding the question of "who's in charge"...care to speculate on who's been in charge in the past? There's been hints in the past coaching searches that there were Houston factions vs Dallas factions of big money and so on...so it's always made me wonder.

It's a good question. If it requires donors to donate big money to the Athletic Department/12th Man Foundation, how do those conversations go? Is there a big meeting of donors, and how do they decide how much each person is going to pony up if that's how it goes down?

Keep in mind that the athletic department's revenues are around $200MM/year and last year they had a $15MM surplus. They could probably have a stockpile built up for this type of thing. I'm assuming the buyout is spread over several years, but I don't know.

There is no buy out. His contract is fully guaranteed. There is no buyout unless he is willing to take more cash upfront and forgo some portion of the total $$ due to him.

get rid of the DJ, will decrease the royalty $$$ we have to pay recording companies.

With the monies saved, take 2.....3 weeks tops to buy out Jimbo

Everything is negotiable. Get some talented Aggie attirneys. I know one. I worked for big law in downtown Houston. Jimbo would leave happy, but not with the millions he is supposedly owed.

Just Stop! How does firing coach now solve anything? Just give coach more time… they F'd up on the contract so just ride it out. They keep firing coaches, but same results since Fran! Quit fuming and saying dumb crap. The offense is on the verge of breaking free, give it time anxious Aggies!

Quote:

---

I'm assuming the buyout is spread over several years, but I don't know.

---

https://bloximages.chicago2.vip.townnews.com/theeagle.com/content/tncms/assets/v3/editorial/9/f6/9f6df89c-a80c-11e8-9d25-4f3cea928bcc/5b80bbc034a66.pdf.pdf

Section 5.3. 25% in 60 days, the remainder spread annually over the term of the contract.

Thanks but no I'm not really connected. I've just seen this enough to know what's happening. When Sherman was hired I had inside info and that's when I got a peek into that world. Otherwise, I don't really have anything on the inside at this time.

Appreciate the response.

GreatGonzo22 said:

---

A buyout would be a rough move at this point. Between HC and coaches contracts, it would be a massive long-term payout over years. Also, IF you did get a group of boosters to do it, they will likely ask the AD to leave as well. Package deal in my opinion.

Trickle down into recruiting, NIL, transfers, etc. would be worst than the crappy performances.
We'll still send guys to the NFL and maybe land a handful of 5 stars down the road.
But the recruiting boom has seen its peak.

These donors are probably kept at arm's length for now and its Jimbo's program to run.
If you make this move, you head further into alumni/donor meddling like peak Dodd's era t.u.
No good.

So, we need Jimbo to figure it out. And that's unlikely with the cast of characters he's chosen as assistants.
Get ready for more 2-3 seasons unless some generational QB shows up at the right time.

---

With this OL, that doesn't matter