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Here are the exact buyout terms from March of 2023...
Posted on: February 24, 2024 at 15:55:07 CT
zounami MU
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And wu, if any of the terms are incorrect/outdated, then specify which ones!
Term 6B of Amendment 1 lays out what the buyout should contain: https://mutigers.com/documents/2023/8/11/Reed-Francois_-_First_Amendment_.pdf
Per the terms of her contract, here are the components of the buyout:
All total that's $3.25mm.
Edited by zounami at 16:00:04 on 02/24/24
Term 6B of Amendment 1 lays out what the buyout should contain: https://mutigers.com/documents/2023/8/11/Reed-Francois_-_First_Amendment_.pdf
Per the terms of her contract, here are the components of the buyout:
Base salary - $900k/year - $75k/month x 52 months x 50% = $1.95mm Deferred comp - $250k/year - $21k/month x 52 months x 50% = $542k Non-salary comp - $350k/year - $29k/month x 52 months x 50% = $758k
All total that's $3.25mm.
Edited by zounami at 16:00:04 on 02/24/24
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Here are the exact buyout terms from March of 2023... - zounami MU - 2/24 15:55:07