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Golden State blew a 3-1 lead in the 2016 Finals
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Maybe we should move this to the Browns forum? :chuckles:
Clause for concern? Title gets Tressel a new deal
Friday, December 22, 2006
Doug Lesmerises
Plain Dealer Reporter
Columbus- If Ohio State wins the national championship on Jan. 8 and confetti fills the sky at University of Phoenix Stadium, look a little closer. Little pieces of Jim Tressel's contract might be floating through the air.
Section 3.4 of the contract Tressel signed in May includes a clause that voids the agreement if he wins the BCS national title game.
It reads in part, "Coach and the University agree to begin negotiating, in good faith, the terms for a new employment agreement that would supersede this Agreement."
And, theoretically, tearing up the deal would make it easier for Tressel to look at other coaching jobs. His current contract includes a $1 million buyout for accepting another job before January 2013.
Not that Tressel sounds like a man looking for leverage.
"I didn't even know it was in there," Tressel said Thursday of the clause.
"I guess that's just one of those things, I'm not sure. But I know I'm right where I want to be. How's that?"
John Geletka, Tressel's agent and the man paid to know such things, said language forcing a contract to be redone after a national title isn't exactly standard practice.
"Winning a national championship, sure coaches get their deals redone," Geletka said. "But it's something we have in his contract."
But Ohio State Athletic Director Gene Smith said such clauses are fairly common for big-time coaches, though he didn't want to discuss it Thursday "I don't even think about that," Smith said. "I don't even know. It's the last thing on my mind. I'm not even interested in talking about it."
Tressel agreed to a seven-year contract in May that will pay him $17.1 million, an average of $2.45 million per year. That deal was done after language in his previous contract, which averaged $1.6 million per year, left open a renegotiation window after last season.
The new contract, at the time, made Tressel the highest-paid coach in the Big Ten and put him in or near the top five highest-paid coaches in college football. But Iowa coach Kirk Ferentz soon passed Tressel with a new deal of his own. Now with a win, Tressel might have a chance to go to the top of heap.
"It's something we would talk about," Geletka said of Tressel becoming the highest-paid coach in college football, which would mean an average of at least $3 million per year. "I know Jim well enough, and his ego is not such that he has to be the highest-paid person."
Including a $500,000 bonus for signing the contract, Tressel has made $2.34 million this season and could make another $150,000 if 60 percent of his players have at least a 3.0 grade-point average each quarter. Tressel has said that 61 players reached that goal for fall quarter.
And, that does not include the $200,000 bonus he receives for making the national title game, which will be due to him within 60 days after the game. It's up to the players to determine if Tressel is due an entirely new contract.
To reach this Plain Dealer reporter:
dlesmerises@plaind.com, 216-999-4479
Maybe we should move this to the Browns forum? :chuckles:
Clause for concern? Title gets Tressel a new deal
Friday, December 22, 2006
Doug Lesmerises
Plain Dealer Reporter
Columbus- If Ohio State wins the national championship on Jan. 8 and confetti fills the sky at University of Phoenix Stadium, look a little closer. Little pieces of Jim Tressel's contract might be floating through the air.
Section 3.4 of the contract Tressel signed in May includes a clause that voids the agreement if he wins the BCS national title game.
It reads in part, "Coach and the University agree to begin negotiating, in good faith, the terms for a new employment agreement that would supersede this Agreement."
And, theoretically, tearing up the deal would make it easier for Tressel to look at other coaching jobs. His current contract includes a $1 million buyout for accepting another job before January 2013.
Not that Tressel sounds like a man looking for leverage.
"I didn't even know it was in there," Tressel said Thursday of the clause.
"I guess that's just one of those things, I'm not sure. But I know I'm right where I want to be. How's that?"
John Geletka, Tressel's agent and the man paid to know such things, said language forcing a contract to be redone after a national title isn't exactly standard practice.
"Winning a national championship, sure coaches get their deals redone," Geletka said. "But it's something we have in his contract."
But Ohio State Athletic Director Gene Smith said such clauses are fairly common for big-time coaches, though he didn't want to discuss it Thursday "I don't even think about that," Smith said. "I don't even know. It's the last thing on my mind. I'm not even interested in talking about it."
Tressel agreed to a seven-year contract in May that will pay him $17.1 million, an average of $2.45 million per year. That deal was done after language in his previous contract, which averaged $1.6 million per year, left open a renegotiation window after last season.
The new contract, at the time, made Tressel the highest-paid coach in the Big Ten and put him in or near the top five highest-paid coaches in college football. But Iowa coach Kirk Ferentz soon passed Tressel with a new deal of his own. Now with a win, Tressel might have a chance to go to the top of heap.
"It's something we would talk about," Geletka said of Tressel becoming the highest-paid coach in college football, which would mean an average of at least $3 million per year. "I know Jim well enough, and his ego is not such that he has to be the highest-paid person."
Including a $500,000 bonus for signing the contract, Tressel has made $2.34 million this season and could make another $150,000 if 60 percent of his players have at least a 3.0 grade-point average each quarter. Tressel has said that 61 players reached that goal for fall quarter.
And, that does not include the $200,000 bonus he receives for making the national title game, which will be due to him within 60 days after the game. It's up to the players to determine if Tressel is due an entirely new contract.
To reach this Plain Dealer reporter:
dlesmerises@plaind.com, 216-999-4479
