Originally posted by 49erFaithful6:
Originally posted by Dshearn:
kinda....
Most of those contracts are stipulated that you MUST seek employment....yes the old team pays you, but you must find work.....you still get any guaranteed money..period....but the old team only pays the money that keeps you "whole". So if you were going to get 1m a season, but the new team will only pay you 500k a season, the old team is only on the hook for the missing 500k.
i don't believe this is the case this isn't unemployment. you don't have to seek anything. who would even enforce the must seek employment aspect? the club that canned you? can you give some evidence here? these are guaranteed contracts. you don't have to seek anything. they have to pay you to go away if you have money left on the deal.
Guarantees in coaching contracts are offset guarantees, meaning the firing team's financial liability is reduced if and when the coach secures work and is paid by another team during the term of the contract. While the firing team has an obligation to pay off the contract, the fired coach has a duty to mitigate,meaning he has an obligation to seek and find a similar coaching position with another team (that can be a college team as well). In other words, the fired coach cannot simply sit and collect his paycheck; he has to mitigate and try to find another job, with the payments from the new job offsetting the amount owed from the firing team.
Has that always been a thing? I don't know....is that a thing today? I don't know.....does that contract mitigation thing apply to Salah? I don't know....
I can only say that the few time I have ever paid attention to coaches contract....that seems to be the case..... you get paid whatever it was you were going to get paid, but whatever the new team is paying you gives the old team a break on the money THEY have to pay you.
I forget what coach got sued for NOT seeking employment elsewhere...but I remember it happened....so at least in that one random case that I can't provide anything other than a vague reference too...he ended up in court for not getting a job.
whoops forgot to add the source for the bolded...it might help explain the context of the bolded
https://www.si.com/nfl/2022/01/19/business-of-football-end-of-season-coaches-fired
[ Edited by Dshearn on Oct 8, 2024 at 10:35 AM ]