[Husker] SP and Buyout

[Baseballguy]

--- Source message ---
From: "Sue Smith" <huskerdana at yahoo.com>
Sent: 12/1/2007 09:57:10
Subject: [Husker] SP and Buyout
 
>>What I don't understand is why was SP granted a guaranteed contract? Why
>> does an AD that obviously wasn't going to leave and go somewhere else get a
>> guaranteed contract that we now need to buy out?  I understand why ADs do
>> that with coaches (recruiting purposes), but why did Pearlman find it
>> necessary to do with SP?  
 
Any thoughts?<<
 
 
 
 
     Isn't every contract guaranteed?  If not what is the point of a contract?
     I don't know of very many AD's, at least at the Division I-A level, that
     are employed without a contract.  If you sign a contract for three years
     you have guaranteed money for three years or at least the party with
     which you sign the contract owes you the totality/balance of the contract
     if terminated.  That is why people sign contracts as far as I know to
     lock in the money as well as other legalities.  
 
 
     That is why the assistants are owed money through next January unless
     they find another job for equal or more money.  It is the way the
     contract is written.  But, if there is no guarantee it makes signing a
     contract a moot point.  
 
 
     If I was looking for an AD's job I wouldn't even consider a job were they
     could just fire me at will and owe no restitution at all unless my
     contract is up.  Now there can be an additional buyout clause in a
     contract that possibly what Pederson had and possibly to which you refer.
 
 
Bob Beach