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Lovie Smith receives 2-year contract extension through 2023
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<blockquote data-quote="AutoPoster 3000" data-source="post: 1431775" data-attributes="member: 17214"><p>And now today there is an article on the Yahoo front page slamming Whitman for the “absurd contract extension.” Why do people, national sports writers even, NOT GET THIS? The B-U-Y-O-U-T is the same. It costs us $8 million to fire Lovie next year without an extension. It costs us $8 million to fire Lovie next year with the extension. Whether Lovie gets fired in 2019 is not affected by the extension. That’s because we don’t owe him any more money if we fire him next year even with the extension. It’s helpful that your coach has four more years on his “contract” for recruiting purposes — that’s why Whitman did it — but the only number that matters in terms of firing or not firing a coach IS THE BUYOUT and that HAS NOT CHANGED. The extension does not increase or decrease the likelihood that Lovie is our coach in 2020. Sorry for the ALL CAPS but you all are MAKING me do this.</p></blockquote><p></p>
[QUOTE="AutoPoster 3000, post: 1431775, member: 17214"] And now today there is an article on the Yahoo front page slamming Whitman for the “absurd contract extension.” Why do people, national sports writers even, NOT GET THIS? The B-U-Y-O-U-T is the same. It costs us $8 million to fire Lovie next year without an extension. It costs us $8 million to fire Lovie next year with the extension. Whether Lovie gets fired in 2019 is not affected by the extension. That’s because we don’t owe him any more money if we fire him next year even with the extension. It’s helpful that your coach has four more years on his “contract” for recruiting purposes — that’s why Whitman did it — but the only number that matters in terms of firing or not firing a coach IS THE BUYOUT and that HAS NOT CHANGED. The extension does not increase or decrease the likelihood that Lovie is our coach in 2020. Sorry for the ALL CAPS but you all are MAKING me do this. [/QUOTE]
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Lovie Smith receives 2-year contract extension through 2023
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