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Extremely well
Posted on: June 5, 2017 at 12:22:58 CT
FIJItiger MU
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http://www.kansascity.com/sports/college/sec/university-of-missouri/article139760468.html
Missouri and new men’s basketball coach Cuonzo Martin are married to each other for the foreseeable future based on the terms of a seven-year, $21 million deal, which were revealed Monday with the release of a memorandum of understanding.
There’s virtually no escape for either side during the first four years.
Contractually, the Tigers can’t fire Martin, who was hired Wednesday and formally introduced Monday during a press conference at Mizzou Arena, without cause until May 1, 2020.
That late-spring timing all but ensures Mizzou will ride with Martin through at least 2020-21, especially since he’s owed a $6 million buyout from May 1, 2020, until April 30, 2021.
Martin’s contractual commitment is equally substantial.
If he leaves before April 30, 2018, Martin would owe Missouri a lump sum of $10.5 million.
From there, it drops to $7.5 million until April 30, 2019; $5 million until April 30, 2020; $3 million until April 20, 2021; and continues to taper down from there.
Again, the cost and timing — few schools would be willing to fork over $5 million, and even fewer would wait until May to poach a coach — all but ensures Martin will remain in Columbia through at least the 2020-21 season.
Missouri and new men’s basketball coach Cuonzo Martin are married to each other for the foreseeable future based on the terms of a seven-year, $21 million deal, which were revealed Monday with the release of a memorandum of understanding.
There’s virtually no escape for either side during the first four years.
Contractually, the Tigers can’t fire Martin, who was hired Wednesday and formally introduced Monday during a press conference at Mizzou Arena, without cause until May 1, 2020.
That late-spring timing all but ensures Mizzou will ride with Martin through at least 2020-21, especially since he’s owed a $6 million buyout from May 1, 2020, until April 30, 2021.
Martin’s contractual commitment is equally substantial.
If he leaves before April 30, 2018, Martin would owe Missouri a lump sum of $10.5 million.
From there, it drops to $7.5 million until April 30, 2019; $5 million until April 30, 2020; $3 million until April 20, 2021; and continues to taper down from there.
Again, the cost and timing — few schools would be willing to fork over $5 million, and even fewer would wait until May to poach a coach — all but ensures Martin will remain in Columbia through at least the 2020-21 season.
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Extremely well - FIJItiger MU - 6/5 12:22:58