Buyout clause

H-towngreen · September 7, 2005

In most football contracts these days there is a buyout clause. Does anyone have any idea if there is one in this contract or what the payout is? We might not end up that bad after all. Say we get $200,000 for a buyout from LSU, we then save however much it would cost to travel to Baton Rouge. Plus we in turn MIGHT be able to schedule a D-1AA school to come here. Another home game, another win, more attendence, more money.

Arkstfan · September 7, 2005

In most football contracts these days there is a buyout clause. Does anyone have any idea if there is one in this contract or what the payout is? We might not end up that bad after all. Say we get $200,000 for a buyout from LSU, we then save however much it would cost to travel to Baton Rouge. Plus we in turn MIGHT be able to schedule a D-1AA school to come here. Another home game, another win, more attendence, more money.
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In most game contracts there is no buyout if a game is cancelled as a result of an act of war, insurrection, civil disorder, national emergency, or natural disaster.

stebo · September 8, 2005

In most game contracts there is no buyout if a game is cancelled as a result of an act of war, insurrection, civil disorder, national emergency, or natural disaster.
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We got a buyout from Bama in 2001 and that was after an act of war. I don't know if there is one in this contract (or if there was one in the last one) but I imagine that if we agree to play them in the future, they will pay us something for cancelling this year's game just out of common courtesy. Bama did it, I don't see a reason for LSU to not replicate the same courtesy.

ADLER · September 8, 2005

Arkansas didn't want to reschedule the game that was cancelled because of 9/11 and elected to schedule a D1AA instead. North Texas did receive a small buyout, and another game against the Razorbacks was scheduled for the 2003 season.

North Texas filled the empty slot on the schedule with an away game at Troy and then went to the New Orleans Bowl.

stebo · September 8, 2005

That's right, it was Arkansas, not Bama. But they gave us like $225K or something. And we put Troy in their place at the end of the year (which we lost by the way)...