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Contract credit?

NAS

By NAS,
in Carolina Panthers

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NAS Grand Master

NAS

Posted
Posted (edited)

I have seen Florio argue timing is good due to a buyout clause where Tepper gets a $ for $ credit for whatever money Rhule gets in his next college job assuming he lands one.  
 

 

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NAS Grand Master

NAS

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Posted (edited)
3 minutes ago, Cdparr7 said:

So Panthers still hold his rights and if somebody wants him they have to pay Tepper off?

No I think Panthers just owe less to Rhule in guaranteed contract money 

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top dawg Grand Master

top dawg

Posted
Posted (edited)

From what I've seen, he gets paid his 40 mil from Tepper regardless. 

Edit: Well, maybe not. Offset language is offset language.  Tepper will still be on the hook for something, but, really, who cares at this point? I was never concerned with Tepper's money, and never will be.

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SteveSmithTD89 Proficient

SteveSmithTD89

Posted
Posted

We pay the rest of this season. 

Essentially what this means is  for next year and the years following - if we pay him 10 mil a year as his salary and his college contract pays him 6 million a year, we are only on the hook for the difference, or in that scenario 4 million a year. 

If he does not coach, well - we're paying him a cool 10 mil to play golf then. 

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