Kevin Wilson Resigned

[Class of '66 Old Fart 84,881]

Glass: "We don't have any outstanding claims of medical issues."

[Stuhoo 81,141]

AMEN!
HALLELUJAH!

NOW we are a football school.

[LIHoosier 26,280]

11 minutes ago, Hovadipo said:

Tom Allen is the official Head Coach?IUFB will be just fine. This is exciting. Still excited for the future of this program and don't expect us to lose much from this.


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1 minute ago, Hovadipo said:

Tom Allen is the official Head Coach?IUFB will be just fine. This is exciting. Still excited for the future of this program and don't expect us to lose much from this.


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Its gonna be okay. :)

[Brass Cannon 24,855]

Well it's done. The players need to focus on winning the bowl game. 

[lucel15 3,052]

6yr deal


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[lucel15 3,052]

Players seem very happy on twitter


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[ccgeneral 38,084]

$542k buyout.

[akhosrof 1,168]

Just listening to Allen speak and I'm ready to throw some pads on and run through the nearest wall.

Me too!!!!


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[Brass Cannon 24,855]

Just now, ccgeneral said:

$542k buyout.

Why are we buying him out if he resigned?

[ThompsonHoosier 3,414]

I'm with Coach Allen! Let's hit the state hard and continue building and selling the program! #LETSBREAKTHROUGH

[Brass Cannon 24,855]

1 minute ago, lucel15 said:

Players seem very happy on twitter


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Recruits also which is good

[lucel15 3,052]

Yessir


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[Class of '66 Old Fart 84,881]

3 minutes ago, Brass Cannon said:

Why are we buying him out if he resigned?

I'm sure it has to do with all the fine print in his contract and to agree to the buyout makes it quick and clean and any dirty laundry doesn't have to get aired in a later legal battle over what he may or may not be entitled to.

 

And then I just saw this from Osterman:

Under contract terms, if fired without cause, Wilson would be owed $542k/yr for next five. Mitigation would wipe it off if he got new job.

So to be clear, IU is going to keep Wilson on the books in base salary for a year. No new job would change that.

Edited December 1, 2016 by Class of '66 Old Fart

[Dalton26 16,892]

Why are we buying him out if he resigned?

It was agreed upon by Glass and Wilson.

[Trish 11,616]

 

[akhosrof 1,168]

Why are we buying him out if he resigned?

Not a buy-out. It's equivalent to one year of salary paid out if he was active payroll. Amount does not get offset if he gets a job elsewhere.


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[Stuhoo 81,141]

Damn straight they're happy. This may very well be a watershed great day for Indiana football.

[Class of '66 Old Fart 84,881]

Justin Albers ‏@Justin_Albers  8m8 minutes ago

Kevin Wilson is forfeiting four years’ salary by resigning. That lets you know this went well beyond “philosophical differences”

[colonel06 1,917]

Allen was important. Removes uncertainty allows us to capitalize on the chaos in south bend and keeps any new hire at Purdue from having an easy time poaching our talent. 

Great point (s)!


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[lucel15 3,052]

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