NIL legal update

[WhiteTrash]

Who paid Wojo's buyout?

I guess we can ask Wojo to post a picture of the check?

[rocket surgeon]

Who paid Wojo's buyout?

i think that was part of weekend at bernies student debt smokes for votes

[Uncle Rico]

I guess we can ask Wojo to post a picture of the check?

It wasn't Marquette

[Scoop Snoop]

Who paid Wojo's buyout?

The Vatican. St Jude is the patron saint of hopeless cases, and the Vatican has money set aside in a St Jude fund. It was an easy decision. 

[Uncle Rico]

The Vatican. St Jude is the patron saint of hopeless cases, and the Vatican has money set aside in a St Jude fund. It was an easy decision.

Vatican bought out Jimbo, too

[WhiteTrash]

It wasn't Marquette

I'm willing to be anything the check was from Marquette.

I understand your point, and I agree with the sentiment. I know boosters pay a lot of the buyouts via donations. I agree with the inequity of how players and coaches are treated. We'll just have to disagree on the facts.

And while I agree that it seems like coaches come and go as they please, the buyouts have prohibited some coaches from leaving or impacted the net compensation at the new school. But the buyouts are mostly a nuisance or simply viewed as a cost of doing business. 

[Uncle Rico]

I'm willing to be anything the check was from Marquette.

I understand your point, and I agree with the sentiment. I know boosters pay a lot of the buyouts via donations. I agree with the inequity of how players and coaches are treated. We'll just have to disagree on the facts.

And while I agree that it seems like coaches come and go as they please, the buyouts have prohibited some coaches from leaving or impacted the net compensation at the new school. But the buyouts are mostly a nuisance or simply viewed as a cost of doing business.

lol

[Tyler COLEk]

I'm willing to be anything the check was from Marquette.

Sorry, what? Perhaps if you mean, in an abstract sense, some people who provide funds to the university also bought out Wojo. But that seems like a generous interpretation "university." MU certainly did not buy out Wojo.

[Jables1604]

And while I agree that it seems like coaches come and go as they please, the buyouts have prohibited some coaches from leaving or impacted the net compensation at the new school.

Care to provide one single example to back this up?

[MochaJoe]

Sorry, what? Perhaps if you mean, in an abstract sense, some people who provide funds to the university also bought out Wojo. But that seems like a generous interpretation "university." MU certainly did not buy out Wojo.

Buyout came from a guy with a last name that rhymes with Richels

[The Hippie Satan of Hyperbole]

In part.

[WhiteTrash]

Sorry, what? Perhaps if you mean, in an abstract sense, some people who provide funds to the university also bought out Wojo. But that seems like a generous interpretation "university." MU certainly did not buy out Wojo.

Sorry, what? Are you saying MU did not satisfy its contractual obligation to Wojo? Or are you saying Wojo resigned and MU had no financial obligation to Wojo? I'm very confused.

My understanding is Wojo was fired and all or some of the money MU needed to satisfy its contractual obligation to Wojo was donated to the athletic department.

If MU didn't stoke Wojo a check then they still owe Wojo. Right?

[cheebs09]

Sorry, what? Are you saying MU did not satisfy its contractual obligation to Wojo? Or are you saying Wojo resigned and MU had no financial obligation to Wojo? I'm very confused.

My understanding is Wojo was fired and all or some of the money MU needed to satisfy its contractual obligation to Wojo was donated to the athletic department.

If MU didn't stoke Wojo a check then they still owe Wojo. Right?

I think it's just semantics. The boosters paid for it through large donations to the B&G fund (or something similar), and then MU paid the buyout from those donations.

So, it's not like it came out of MU's operating budget, but they technically were the ones to directly pay Wojo.

[Uncle Rico]

I think it's just semantics. The boosters paid for it through large donations to the B&G fund (or something similar), and then MU paid the buyout from those donations.

So, it's not like it came out of MU's operating budget, but they technically were the ones to directly pay Wojo.

He doesn't like NIL and thinks coaches having freedom to leave when they want is different because it costs the universities which isn't true

[Dr. Blackheart]

Sorry, what? Are you saying MU did not satisfy its contractual obligation to Wojo? Or are you saying Wojo resigned and MU had no financial obligation to Wojo? I'm very confused.

My understanding is Wojo was fired and all or some of the money MU needed to satisfy its contractual obligation to Wojo was donated to the athletic department.

If MU didn't stoke Wojo a check then they still owe Wojo. Right?

$9.2 million total buy-out plus deferred/owed compensation

https://www.marquette.edu/financeoffice/documents/MU990FY22TY2021_PUBLIC.pdf

[The Hippie Satan of Hyperbole]

There is a cost to MU even if donors provided 100% of the funds to buy out Wojo.  Charitable donations aren't infinite assets. The money that came in to buy-out Wojo, would have likely come in to fund something else that was a priority for the University.  Had Wojo not needed a buy out, do you think the donors in question would not have supported the institution in some other manner?

[Frenns Liquor Depot]

There is a cost to MU even if donors provided 100% of the funds to buy out Wojo.  Charitable donations aren't infinite assets. The money that came in to buy-out Wojo, would have likely come in to fund something else that was a priority for the University.  Had Wojo not needed a buy out, do you think the donors in question would not have supported the institution in some other manner?

If a tree fell in the woods....


You could easily argue that firing Wojo brought more donors back than they lost in paying him to become a yoga master and terribly boring studio analyst. 

[The Hippie Satan of Hyperbole]

If a tree fell in the woods....


You could easily argue that firing Wojo brought more donors back than they lost in paying him to become a yoga master and terribly boring studio analyst. 

Could be.

[WhiteTrash]

Care to provide one single example to back this up?

It is very hard to prove this because schools don't announce they did hire a coach because the buyout was too much.

The evidence that buyouts are material factors in limiting coaching changes is that virtually all contracts include them. Unless your position is that these schools and lawyer are idiots that press for buyouts, and coaches and agents are idiots for fighting against them, then the fact that they are there is all the evidence needed. 

[79Warrior]

$9.2 million total buy-out plus deferred/owed compensation

https://www.marquette.edu/financeoffice/documents/MU990FY22TY2021_PUBLIC.pdf

I wonder if he was paid out over time in a lump sum? Taxes would have been brutal on the lump sum.

[Uncle Rico]

It is very hard to prove this because schools don't announce they did hire a coach because the buyout was too much.

The evidence that buyouts are material factors in limiting coaching changes is that virtually all contracts include them. Unless your position is that these schools and lawyer are idiots that press for buyouts, and coaches and agents are idiots for fighting against them, then the fact that they are there is all the evidence needed.

lol

[Jables1604]

It is very hard to prove this because schools don't announce they did hire a coach because the buyout was too much.

The evidence that buyouts are material factors in limiting coaching changes is that virtually all contracts include them. Unless your position is that these schools and lawyer are idiots that press for buyouts, and coaches and agents are idiots for fighting against them, then the fact that they are there is all the evidence needed.

Just take the L.

[Dr. Blackheart]

I wonder if he was paid out over time in a lump sum? Taxes would have been brutal on the lump sum.

Page 52 of the form. Paid over time.

[TAMU, Knower of Ball]

Care to provide one single example to back this up?

Supposedly UCLA refused to pay Jamie Dixons high buyout and ended up with Cronin instead.  No idea if true.

But overall youre right,  buyouts don't meaningfully penalize coaches for jumping ship early

[MU82]

Supposedly UCLA refused to pay Jamie Dixons high buyout and ended up with Cronin instead.  No idea if true.

But overall youre right,  buyouts don't meaningfully penalize coaches for jumping ship early

Yeah, that's the only one I remember. I believe there was a case involving Rick Barnes, too, but it ended up not being an issue after all.

By and large, all buyouts do is bring a little gelt to the school that was jilted. Which ain't nuthin'.