Re: Alford soon to be the head coach at Nevada...


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Posted by barrya on April 10, 2019 at 17:51:32

In Reply to: Alford soon to be the head coach at Nevada... posted by Michael.Walter.Cronin on April 10, 2019 at 16:32:26

i don't know the details of his specific contract, but the way those deals usually go, you are owed what you were owed under your contract. If you take a different job and earn money from it, anything you earn is deducted from what your former employer owes you. But of course, that does allow you to accept lower pay than your new employer might otherwise offer you as your former employer willl make up the difference between what you pay for your new guy and what they owe him. If the contract goes for so much per year still owed, then you (Nevada) can sign the new guy(Alford) for that amount for the years his former employer owes him.

So, if we owe him, say, $3 million a year for three more years, Nevada can sign him for say $1 million a year for three years. They save some; Alford still makes his promised $3 million per year. After that Nevada has to re-negotiate. it's a great deal for them - he's already been a big success in their conference; they just graduated their team so need a serious rebuild; they get a financial break during the first (toughest) years of the rebuild.Anyway, that's how it usually works.


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