Contract buyout question

[JMV JustMyView]

I think Napier's buyout also includes a home & home with the new team. It's usually standard agreement language in coaching hires.

Looking forward to the Gators playing in Cajun Field.

You sure about this?

[Esqueleto]

You sure about this?

Got one

[Turbine]

I think Napier's buyout also includes a home & home with the new team. It's usually standard agreement language in coaching hires.

Looking forward to the Gators playing in Cajun Field.

I always hoped UL brass would demand this in contracts.

I know WKU used to include it.

[covcaj]

I always hoped UL brass would demand this in contracts.

I know WKU used to include it.

Curious. How can a contract between two parties incur an obligation to a third party not a part of the contract?

[Geaux]

A lot of larger schools either play the home & home or send a check to basically buy out the game. Usually, the smaller school will leverage the funds to purchase another home game.

[CajunVic]

Curious. How can a contract between two parties incur an obligation to a third party not a part of the contract?

It places Napier in breach of his contract with us if he does not require his future employer to honor the provision as part of his acceptance of his contract there.

[covcaj]

It places Napier in breach of his co tract with us if he does not require his future employer to honor the provision.

So, basically, if this were in place, Napier would obligated to put in his contract with Florida that it would have a home and home, or he would breach his contract with Louisiana... is that correct? In this type of situation, is there a penalty in the coaches contract with his current school if he doesn't require it in his contract with his new school?

[CajunEXPRESS]

The new school can say nix on the hire. It’s part of the new coaches agreement with his future employer.

[CajunVic]

So, basically, if this were in place, Napier would obligated to put in his contract with Florida that it would have a home and home, or he would breach his contract with Louisiana... is that correct? In this type of situation, is there a penalty in the coaches contract with his current school if he doesn't require it in his contract with his new school?

Either way, if there is a penalty, he would be liable for the penalty, if there is no penalty he would be liable for contractual damages, which could be a huge number. I would think if he has that, either his new employer agrees or he negotiates a buyout of that provision with us as part of the negotiating process.

[covcaj]

Either way, if there is a penalty, he would be liable for the penalty, if there is no penalty he would be liable for contractual damages, which could be a huge number. I would think if he has that, either his new employer agrees or he negotiates a buyout of that provision with us as part of the negotiating process.

Thanks