The assumption has been that Ark will keep Bielema because of the $15.4M buyout the Univ would face. That seems important given the talk about coaching searches and upcoming opponents and their mindset by the time our game with them comes up.
Chances are good that college algebra was used in the below computations.
His buyout is far less than believed.
What I’m saying is: Bielema’s buyout, should the University decide to make that move in December is way less than $15.4 million.
To arrive at the number, you take the numerator (if done in December would be $15.4 million…if done in January would be $11.7 million) and you divide by the denominator (the total months of the Term of Employment Agreement…which is now 97 months – early Dec 2012 – Dec 2020). Thus, if done in December the total monthly payout to Bielema would be $158,763 and if done in January would be $120,619. Then you multiply the monthly number by the remaining months under contract. In December that would be 37 and in January 36.
Thus, if Bielema is let go in early December, Arkansas will owe him $5,874,231. If he is let go in early January, Arkansas would owe him $4,342,284.
All of the above remains subject to offset from any work Bielema accepts in coaching football or as an administrator with a University or professional team.
For sure, $5.8 million is a lot more than the $1 million it would have been under the original contract, but is a whole lot less than the $15.4 million that Arkansas and his agent allowed to be written about for years mistakenly. I wonder why they never corrected the authors about this ongoing mistake?
Final note, WholeHogSports has a similar article out this AM, and they add to this, noting if Arkansas makes a move on Bret, given the new contracts they have given to his assistants, Arkansas will also be on the hook for approximately $2 million for the assistants should they not immediately find new work.
http://footballscoop.com/news/explaining-bret-bielemas-buyout/
Chances are good that college algebra was used in the below computations.
His buyout is far less than believed.
What I’m saying is: Bielema’s buyout, should the University decide to make that move in December is way less than $15.4 million.
To arrive at the number, you take the numerator (if done in December would be $15.4 million…if done in January would be $11.7 million) and you divide by the denominator (the total months of the Term of Employment Agreement…which is now 97 months – early Dec 2012 – Dec 2020). Thus, if done in December the total monthly payout to Bielema would be $158,763 and if done in January would be $120,619. Then you multiply the monthly number by the remaining months under contract. In December that would be 37 and in January 36.
Thus, if Bielema is let go in early December, Arkansas will owe him $5,874,231. If he is let go in early January, Arkansas would owe him $4,342,284.
All of the above remains subject to offset from any work Bielema accepts in coaching football or as an administrator with a University or professional team.
For sure, $5.8 million is a lot more than the $1 million it would have been under the original contract, but is a whole lot less than the $15.4 million that Arkansas and his agent allowed to be written about for years mistakenly. I wonder why they never corrected the authors about this ongoing mistake?
Final note, WholeHogSports has a similar article out this AM, and they add to this, noting if Arkansas makes a move on Bret, given the new contracts they have given to his assistants, Arkansas will also be on the hook for approximately $2 million for the assistants should they not immediately find new work.
http://footballscoop.com/news/explaining-bret-bielemas-buyout/
