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Solomon updated his earlier article with details http://t.co/z3KwzouHRH

Quote:Clark's contract has not been executed yet by the board of trustees, UAB claimed on Nov. 20. Clark has been operating since January under a letter of intent.

The article goes on to say that the reason the contract wasn't executed is that UAB had a vacancy for VP, Financial Affairs. A plausible excuse, but...

(11-20-2014 03:41 PM)FNblazer Wrote:  The article goes on to say that the reason the contract wasn't executed is that UAB had a vacancy for VP, Financial Affairs. A plausible excuse, but...

This board is going to flip over this detail, but it's not really significant nor is it relevant to the bigger issue. If Clark gets the answers he wants to hear by Nov 30th, he'll be UAB's football coach for at least a couple more seasons when he'll move up the ladder due to his success. If he doesn't get those answers, he accepts an offer from another school soon after Nov 30th. Simple as that.

(11-20-2014 03:49 PM)blazr Wrote:  

(11-20-2014 03:41 PM)FNblazer Wrote:  The article goes on to say that the reason the contract wasn't executed is that UAB had a vacancy for VP, Financial Affairs. A plausible excuse, but...

This board is going to flip over this detail, but it's not really significant nor is it relevant to the bigger issue. If Clark gets the answers he wants to hear by Nov 30th, he'll be UAB's football coach for at least a couple more seasons when he'll move up the ladder due to his success. If he doesn't get those answers, he accepts an offer from another school soon after Nov 30th. Simple as that.

Was the story updated? I know it came out like a week ago but now it's quoting UAB from today?

I think this is the bulk of the updated portion:

Documents UAB provided to CBSSports.com on Nov. 20 confirm that Clark has a three-year agreement worth $450,000 in base salary, $25,000 in radio and talent fee, and $25,000 in promotional and fundraising fee.
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Clark signed a release of claims with UAB that includes "all complaints, causes of action and claims based on seeking to challenge any conduct, event, action or decision that took place prior to Clark's signing of this Agreement. Clark agrees and understands that the effect of this Agreement is that all such complaints, causes of action and claims are forever waived, released and discharged as against the UAB Parties."

If UAB terminates Clark's employment without cause, the letter of intent states UAB owes him his $500,000 total compensation through the term of the agreement. If Clark leaves, he owes the lesser amount of his total annual pay ($500,000) or the total compensation remaining through the agreement if the remaining term is less than one year.

Clark is eligible for season-ticket sales bonuses of $10,000 (5,000-7,499 tickets sold), $20,000 (7,500-9,999 tickets), or $30,000 (more than 10,000 tickets). He could get a $25,000 bonus for reaching a bowl and $10,000 if he wins a bowl game.

UAB entered into an "assignment and assumption of employment contract" with Clark and Jacksonville State from his contract at his previous school. UAB assumed all of Jacksonville State's "rights, obligations and liabilities" under Clark's Jacksonville State contract in exchange for $400,000, according to the agreement.

What does all of this mean Marcia?

(11-20-2014 04:27 PM)the_blazerman Wrote:  What does all of this mean Marcia?

Not much. It means that if Clark decides that he is not impressed by the sincerity of the "We're going to make this right, you're safe to stay", he can pick the hell up and walk without complications. I guess no buyout either way, so he'd be one helluva good free agent.

'Course, if we didn't fix it he was gonna walk anyhow. I guess there would be no legal fees, just flip them the bird and hit the door.

(11-20-2014 03:49 PM)blazr Wrote:  

(11-20-2014 03:41 PM)FNblazer Wrote:  The article goes on to say that the reason the contract wasn't executed is that UAB had a vacancy for VP, Financial Affairs. A plausible excuse, but...

This board is going to flip over this detail, but it's not really significant nor is it relevant to the bigger issue. If Clark gets the answers he wants to hear by Nov 30th, he'll be UAB's football coach for at least a couple more seasons when he'll move up the ladder due to his success. If he doesn't get those answers, he accepts an offer from another school soon after Nov 30th. Simple as that.

agreed. frankly, I'm not concerned about the contract. i could see why he would have only been offered a 3 year contract to start with (given the failure of our last coach). and even under the best circumstances, i wouldn't think they'd negotiate a new one (or extension) until the season is over.

now…no games being scheduled past 2016…thats a different story

Yeah, but it's just one more piece of evidence that all this has been plotted and planned out in advance. Why obligate yourself to a payout if you can stall?

More importantly, why obligate yourself to a study if you can stall long enough that Clark take a job elsewhere. That solves everything very neatly without anyone being responsible.

This actually happens more than you think. Tony Barbee went almost two years without a formal contract signed at Auburn. It makes amending the contract somewhat easier if you are planning to increase terms or pay.

I understand that, and I'm not all that outraged or upset about it. It remains true that not having a signed contract opens some options otherwise not available.

The new VP of Finance is now in place. That excuse is now gone.

(11-21-2014 01:24 PM)Doktyr X Wrote:  The new VP of Finance is now in place. That excuse is now gone.

And that person is now completing contracts. I imagine there is a helluva stack awaiting attention. Again, THIS - of all things - is not a big deal.