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A Different Way to "Hold" Coaches to Contracts

By Rick Karcher, Michael McCann, Geoffrey Rapp, Greg Skidmore, and Howard Wasserman

We have had some discussion here lately about colleges using injunctions to try to keep coaches who are under contract from jumping to other schools.Well Memphis, fresh off its Championship Game appearance (and almost victory) gave Head Coach John Calipari a five-year extension, averaging $ 2.35 million per year. And, according to the current Sports Illustrated, the school found a way (it hopes) to keep him from jumping ship: a $ 5 million bonus if he stays until the end of the contract. Think a read more

Full post as published by Sports Law Blog on May 04, 2008 (boomark / email).