Any idea of the outlandish rumor that EM is talking about over on OB?

[Randolph Duke]

People act like the buyout is a big deal because the BOR wouldn't approve it. Does anybody know whether UT athletics itself actually has to be the one to pay the buyout, or does the money just have to come from somebody on "behalf" of UT athletics? In the latter case, it doesn't seem necessary for the BOR to "approve" the buyout if it's not actually UT's money that would be spent.

The buyout is a contractual obligation of the coach, personally owed to the university. The next school hiring the coach has nothing to do with the buyout. As a practical matter, the boosters often provide the money the coach needs to satisfy the contractual obligation he owes to the school he is leaving. Otherwise, the coach would have less incentive to leave. If the buyout is paid by anyone on behalf of the coach, the coach has to recognize that as personal income since the IRS considers the forgiveness of a debt as income. In this case, it would be the forgiveness of a debt per se, rather another individual paying the debt, but regardless, the entire amount paid would be income to the coach and that tax liability would also be included in the negotiation.

 

[TTTT]

Where you been boy?
Did you tell the family I said hey?

Worry not Darrell, I sure did! I also told them all at Christmas that you were now a proud Grandpa.

 

[SlickStreet]

ah, i feel that all this speculation may lead to disappointment. Let's just see how it turns out. (I know, far easier said than done)

 

[Epictetus]

try reading this thread really fast .. like a Mel Brooks comedy

 

[Juan]

try reading this thread really fast .. like a Mel Brooks comedy

<iframe width="420" height="315" src="//www.youtube.com/embed/kgttPt_1IG0" frameborder="0" allowfullscreen></iframe>

 

[lilMAC25]

ah, i feel that all this speculation may lead to disappointment. Let's just see how it turns out. (I know, far easier said than done)

Agreed. I still think it's Watson (gag)

 

[echeese]

LOL. If you're trying to give me the grief I deserve, you're gonna be a while

 

[JimsTexas]

that's weak sauce...
but i hope it is true!

by the way...to further the hypothetical presented above...what if Red met with Strong and Strong said, "do you know who I would REALLY like as my OC?" So Red decides to pay some penance and offers to pay off Morris's buyout and bring him here....

a guy can dream.

pompomman are y'all sure Red has that kind of money lying around. My friends y'all have a great week

 

[doc longhorn]

Anyone? Bueller?

Ooops, over on OB. I'm posting on HS. Damnit I can be dyslexic at the weirdest times.

Not to worry - 3 out of 2 of us are dyslexic.

 

[lilMAC25]

Oh, we're in agreement, I was more taking a jab at me than you.

 

[lilMAC25]

Not to worry - 3 out of 2 of us are dyslexic.

lol

 

[TMTycoon]

BTW, Mahico confirmed the wild rumor was Chad Morris.

That or Scott Frost.