In Reply to: A Strong Notion OSU Will Pay Chip’s $1.5 Mil Buy-Out posted by MANTIS9 on February 10, 2024 at 11:01:43
Wasn’t the signing bonus just an upfront payment on the contract? That’s how they are typically structured. So he still paid it, plus the taxes.
Here’s what I saw from the Dispatch:
“ Much of the sum of that buyout could be shouldered by Ohio State, which has previously covered similar obligations.
When it poached defensive coordinator Jim Knowles from Oklahoma State two years ago, it awarded him with a $138,850 signing bonus as a one-time lump sum payment to assist with the penalty.”