When the school blames an epically bad buyout clause on the coach’s agent.
And not for Mike MacIntyre, who is set to make more money than he ever has in his life over the next three years despite his termination last month at the University of Colorado.
After making $2.9 in guaranteed pay during his last season at CU, he now is set to collect about $4.9 million a year over the next three years, including paychecks from CU and his new job as defensive coordinator at Ole Miss. Ole Miss confirmed to USA TODAY it will pay MacIntyre $1.5 million a year over the next three years.
Colorado athletics spokesman David Plati also confirmed to USA TODAY that CU is on the hook to pay MacIntyre his full contract buyout of $10.3 million in monthly payments through 2021. His contract at Colorado initially was signed shortly after his hiring in late 2012 and said he had a duty to obtain new employment in the event of his firing from CU. It also said that the buyout owed to him would be reduced by any amounts he received as a college head coach, NFL head coach or NFL assistant coach.
In this case, he did not get one of those jobs and instead took a demotion as a college assistant coach. Therefore CU is on the hook to pay him the full buyout, setting him up to become far richer for being fired than he would have been if he had been retained at Colorado, at least over the next three years. That’s up to $4.9 million in average combined pay per year…
Asked why CU limited a buyout reduction to those specific job ranks, athletics spokesman Plati said, “that’s the latest with head coaches” and suggested it came from MacIntyre’s agent.
Like taking candy from a baby…
And these morons try to pretend they’re the smartest guys in the room.
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UPDATE: You really can’t make this shit up.
State law prohibits any higher education employee to be contracted for more than five years. So why did University of Colorado Board of Regents approve a six-year contract for new football coach Mel Tucker on Wednesday?
In a word: oops.
Wednesday morning, the board voted 6-2 in favor of Tucker’s contract to run Jan. 1, 2019 through Dec. 31, 2024. That’s six years. Based on the language of the approved contract, which includes annual raises of $275,000, the deal is worth $18.5 million rather than $14.8 million.
However, Ken McConnellogue, CU’s vice president of communications, told The Denver Post the extra year was an oversight and the contract will be amended to run through 2023.
Unbelievable? Of course not; it’s totally believable.
Morons.