[quote="Adam" post=340947][quote="Beast of the East" post=340941][quote="Adam" post=340938]Mullin's $4 million "buyout" (or lack thereof) is definitely screwing over the school. Without it we may have gotten Hurley. That horrible contract could set us back a full decade (two coaching hires).
Hopefully the school learns how to write up a contract this time. Mullin never should have been paid that much annually in the first place, let alone lacking a way for us to exit without paying 100%.[/quote]
I don't think anyone in a major conference would not demand 6 years guaranteed $$, 5 at the least. Don't blame him for his contract, and tbh, he appeared to be interest in fulfilling it even after Matt left. The school appears to have pulled the plug, and in doing so are left with the obligation. However, as always, the devil is in the details, and we rarely know enough to waste all these keystrokes.[/quote]
I don't know all the details, but the story is that Mullin asked for an extension, wasn't given one, and then "stepped down". I don't understand why we still owe him the rest of his contract if he "stepped down". He's getting paid two years to do absolutely nothing.
Personally if I were him I would have struck a friendly exit deal with the school, as he clearly does not deserve that $4 million. Then again, this is what happens when you hire somebody you can't fire who supposedly never donated to the school. St. John's would probably be making a case against paying him right now if his name wasn't Chris Mullin, but since it is he'll likely escape with all $4 million.[/quote]
I thought something along those lines about his resignation letter. It sounds like he voluntarily resigned, but he could have been handed termination notice and was allowed to save face by publicly resigning. If just a voluntary resignation, typically you aren;'t guaranteed anything, but often there can be all sorts of clauses since a contract is simply an agreement between two parties that complies with state law. As far as never donating to the school, that may or may not be true but was hearsay that could have come out of the AD, I don't know. What I was told recently is often contracts like these for high profile employees like a HC include donations to the school that are subtracted from salary as a payroll deduction built into the contract to make a public good showing.