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Author Topic: Bielema's buyout less than 5.9M$ per DemoGazz  (Read 8212 times)

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ballz2thewall

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Bielema's buyout less than 5.9M$ per DemoGazz
« on: October 12, 2017, 03:00:23 am »

link, and probably a wall, but here it is.


http://www.arkansasonline.com/news/2017/oct/12/bielema-buyout-under-15m-20171012/

basically, the demogazz had counsel look at it. the 15m$ figure was future value. the under 5.9 value is at the end of the season with payments for the season adjusted.

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presidenthog

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #1 on: October 12, 2017, 03:03:28 am »

Says page not found when I click.
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ballz2thewall

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #2 on: October 12, 2017, 03:05:49 am »

fixed it. my bad. cut part off pasting.
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DoubleReedHawgCaller

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #3 on: October 12, 2017, 03:39:24 am »

 ;D
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factchecker

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #4 on: October 12, 2017, 04:41:52 am »

Wholehog link:

http://www.wholehogsports.com/news/2017/oct/12/bielema-buyout-under-15-million/

Quote
Bielema’s actual buyout is determined by a formula included within the language of his original deal, which was made effective Dec. 4, 2012, and signed the next August.

It uses the $15.4 million figure as a numerator and divides that by the total number of months (97) in the full term of his contract. That figure of $158,762.88, called the “monthly value of the total guaranty payment,” would then be multiplied by the remaining number of months on the contract, which runs through Dec. 31, 2020.

Based on that equation, Arkansas would owe Bielema about $5.874 million to terminate his contract after the season concludes Nov. 24, plus a prorated amount for any partial months of employment.
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rzrbk4life

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #5 on: October 12, 2017, 04:49:57 am »

Interesting
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HogPhilosophy

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #6 on: October 12, 2017, 05:07:06 am »

UUUUGGE if true!!

Did Long just go from the dumbest man to the smartest man?
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Hog N Bama

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #7 on: October 12, 2017, 05:32:18 am »

YEEEEEHA!! ;D
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harrisburghog

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #8 on: October 12, 2017, 05:34:09 am »

Long is still dumb and BB should payback what he’s been paid.
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Vantage 8 dude

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #9 on: October 12, 2017, 05:38:58 am »

Still some big bucks; however, things certainly just got a whole lot more affordable and interesting.
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Hawghiggs

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #10 on: October 12, 2017, 05:40:26 am »

 If correct. Dude is so fired.
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Rayzback

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #11 on: October 12, 2017, 06:00:38 am »

Holy mackeral batman
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LRRandy

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #12 on: October 12, 2017, 06:06:32 am »

He gone.
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Nosboar Accubond

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #13 on: October 12, 2017, 06:07:08 am »

Now hold on... you're trying to tell me that with all the Hogville experts and professionals nobody knew this before?????????? I'm disappointed
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DoubleReedHawgCaller

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #14 on: October 12, 2017, 06:12:13 am »

Now hold on... you're trying to tell me that with all the Hogville experts and professionals nobody knew this before?????????? I'm disappointed
Especially the all knowing illuminati.
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Boarsnest

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #15 on: October 12, 2017, 06:15:52 am »

Looks like close to 6 million for Bret and 2 million for assistant coaches. This is a game changer if true!
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Rayzback

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #16 on: October 12, 2017, 06:19:55 am »

Jeff Long knows it... well played.
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Pork Ranger

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #17 on: October 12, 2017, 06:25:22 am »

Well, this certainly changes things
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(notOM)Rebel123

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #18 on: October 12, 2017, 06:29:02 am »

Jeff Long knows it... well played.
Dadgum carpetbagger. 😉
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HardCore

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #19 on: October 12, 2017, 06:29:05 am »

Long is still dumb

Yes, especially if he considers keeping this coach.  Either way...don’t want Long around to select the next coach......not his best attribute.
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SultanofSwine

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #20 on: October 12, 2017, 06:35:00 am »

Might splain why the BOT signed off on the extension.
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Rayzback

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #21 on: October 12, 2017, 06:47:02 am »

Thought I heard something about Long negotiating his contract recently? This news break happens. Sounding like a well played bluff.
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hawgon

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #22 on: October 12, 2017, 06:50:27 am »

The DemGaz keeps bringing it.  Long can't hide behind the buyout now.
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rhog1

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #23 on: October 12, 2017, 06:52:14 am »

This is great. Hopefully it is correct. I would love to see some national news report on this to ratchet up the pressure.
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HoggyCat

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #24 on: October 12, 2017, 06:54:07 am »

And nice been telling everyone this from day one of the buyout discussion.  It's actually around $4.8M for him. You have $15.4M paid across 38 months, for monthly installments of a little over $405K, multiplied times 12 months per year.
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shotgun7

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #25 on: October 12, 2017, 06:56:45 am »

Game....Changer.... If correct
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Skandar Jackson

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #26 on: October 12, 2017, 06:58:52 am »

Fake news.
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The Boar War

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #27 on: October 12, 2017, 07:01:26 am »

A random act of journalism
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(notOM)Rebel123

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #28 on: October 12, 2017, 07:05:55 am »

ricepig,
Get your legal team & accountants on this "STAT"!
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ricepig

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #29 on: October 12, 2017, 07:06:28 am »

Interesting

Yeah, I heard this discussion last week, hopefully if we're firing him, it's the $5.9m number. I've heard arguments both ways, I guess that's what lawyers are for.
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hoghearted

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #30 on: October 12, 2017, 07:07:23 am »

Might splain why the BOT signed off on the extension.

makes so much more sense
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ricepig

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #31 on: October 12, 2017, 07:09:37 am »

ricepig,
Get your legal team & accountants on this "STAT"!

Yeah, I heard this discussion last week, hopefully if we're firing him, it's the $5.9m number. I've heard arguments both ways, I guess that's what lawyers are for.

Like the rest of you, I was just reading the contract, doing that "assuming" thing, haha. I hope the ADG  will have someone to over that Pepsi contract, next......
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hawgon

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #32 on: October 12, 2017, 07:21:34 am »

What is actually significant about this story is that you know that the DemGaz didn't discover it.  A booster who had already had his lawyers go over it tipped them off to it and told them to print it.
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rhames

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #33 on: October 12, 2017, 07:22:00 am »

It's over
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Hoggie17

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #34 on: October 12, 2017, 07:29:57 am »

Long said in the article that he is 100% behind CBB, that he is building our program the right way. LOL
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lawhawg20

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #35 on: October 12, 2017, 07:34:09 am »

First, Long's an idiot because of the buyout being too high. Now Long's an idiot because the buyout "won't "save his a**".  Gotta love Hogville...
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rhames

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #36 on: October 12, 2017, 07:36:30 am »

Long said in the article that he is 100% behind CBB, that he is building our program the right way. LOL


He didn't say that in the articke......it was a quote from earlier. He wasn't interviewed for the article.


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twistitup

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #37 on: October 12, 2017, 07:36:49 am »

Heard it on the radio this morning - it's not 15mil - more like 5

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HotlantaHog

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #38 on: October 12, 2017, 07:39:04 am »

This is another reason newspapers and actual reporters are so valuable, even as they get regularly ripped on Hogville. Really important at getting at facts, especially on a local level.

Go subscribe to a newspaper!
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rzrbk4life

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #39 on: October 12, 2017, 07:39:44 am »

I could live with being fired for $5.9mil
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Hogwild

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #40 on: October 12, 2017, 07:39:58 am »

What is actually significant about this story is that you know that the DemGaz didn't discover it.  A booster who had already had his lawyers go over it tipped them off to it and told them to print it.

I hope he is right, got really excited reading the article then read this and got nervous.
Quote
UA legal counsel could not be reached to confirm the calculations.
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DoubleReedHawgCaller

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #41 on: October 12, 2017, 07:40:03 am »

Sounds like the good ole do you want to take what we're offering or drag it out in court for several years.
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East TN HAWG

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #42 on: October 12, 2017, 07:44:42 am »

The DemGaz keeps bringing it.  Long can't hide behind the buyout now.

Porkitarian, said changes is coming.  I believe this it is.  The DemGaz only starts printing these types of article when instructed by someone.  You would not consider the DemGaz investigative journalist.  They did not figure this out on their own.  Someone is pulling the strings, and creating a climate for the masses to want change. 

Sorry Hawgon, I did not see your second post until after I posted this, but as you can see, I believe your 100% right.
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Tarheelhawg

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #43 on: October 12, 2017, 07:45:27 am »

Looks like it is already being negotiated down.  I am a more hopeful Hog now.
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Hoggie17

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #44 on: October 12, 2017, 07:47:12 am »


He didn't say that in the articke......it was a quote from earlier. He wasn't interviewed for the article.
Rhames, I know you love both Long and CBB, Long said it, it doesn't matter when and the article brought that out.
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LAGNAF

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #45 on: October 12, 2017, 07:49:25 am »

Porkitarian, said changes is coming.  I believe this it is.  The DemGaz only starts printing these types of article when instructed by someone.  You would not consider the DemGaz investigative journalist.  They did not figure this out on their own.  Someone is pulling the strings, and creating a climate for the masses to want change. 

Sorry Hawgon, I did not see your second post until after I posted this, but as you can see, I believe your 100% right.

Hard to give a real news source credit when you and “hawgon” know better?
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rhames

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #46 on: October 12, 2017, 07:50:37 am »

Rhames, I know you love both Long and CBB, Long said it, it doesn't matter when and the article brought that out.


Lol.

I feel bad that your reading comprehension would be overmatched by a 4 year old.


How many egg McMuffins have you made this morning?
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Rayzback

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #47 on: October 12, 2017, 07:50:45 am »

The hot seat just got a whole lot hotter.
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Fan1958

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #48 on: October 12, 2017, 07:50:51 am »

Rhames, I know you love both Long and CBB, Long said it, it doesn't matter when and the article brought that out.

Believe that comment was made September 6.  Whole lotta things have changed since then.
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HotlantaHog

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Re: Bielema's buyout less than 5.9M$ per DemoGazz
« Reply #49 on: October 12, 2017, 07:50:52 am »

The biggest impact of this story: It seems a lot more likely Jeff Long survives.

Long's worst decision was not hiring Bielema -- seemed reasonable enough -- but raising the buyout after a mediocre season that seemed to show good things were coming. If the buyout is actually $5.9 million rather than $15 million, that seems like a lot less of a blunder.

I am not the biggest Jeff Long fan -- he strikes me as being a bit too self-centered and self-promotional for me -- but in the end he has done nothing to warrant getting fired.
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