Originally Posted by DJ's left nut
Wow - Gill must have a hell of an agent.
I wonder if it's a reduced amount at least; the time value of several million dollars that would've been earned over another 3 years is pretty significant. If he's getting the same amount and getting it all up front, he's cornholing you guys. Besides, if he gets another job, that would offset the amount he would technically be owed (mitigating the damages). As such, KU would be entitled to reduce the entire balance by whatever he earned. If he already has that in hand, KU now has to go through the process of getting it back from him.
I'll be honest, that kinda seems unlikely, but I guess it's not impossible. Did they negotiate a reduced buyout with him? Because that would make more sense at that point. He'd have more leverage to demand it within 90 days and he'd have more incentive to go out and find a new job.
Everything I have read says. That the full amount, just over $6 million, is due in 90 days. It was a horrendous contract for the University.
A lot of that money will come from boosters, but that's still less booster money that can be available elsewhere. Its hard enough for Kansas to get football money to begin with. Asking for millions not to hire a stud, but to FIRE a loser, is a bitter pill.