All articles tagged with #buyout
FSU coach Mike Norvell dismissed online speculation sparked by a moving-truck photo outside his Tallahassee home, saying he remains focused on the team despite a high-stakes season and a large buyout; with AD Michael Alford fired and the Seminoles at 1-1, the road game at Alabama could quiet the chatter if they win.
Sports columnist David Glenn analyzes Michael Lombardi’s resignation as UNC’s GM after a 20‑month tenure highlighted by a 4‑8 season, HR allegations, and NCAA rule questions, while tracing decades of reputation issues and criticism from peers such as Bruce Feldman. The piece also outlines the financial angle — UNC still owed Lombardi about $2 million of a $4.5 million contract, with future buyout outcomes tied to ongoing investigations and potential ‘with’ or ‘without cause’ firing implications for the program and for Belichick’s leadership in Chapel Hill.
Wisconsin would owe Luke Fickell up to $21.28 million if fired without cause in December 2026, whichever is higher between $6.48 million or 80% of his remaining compensation; the final two years (2030–2031) do not count toward the buyout. His contract runs through 2030 with annual pay rising from $7.8 million in 2026 to $8.3 million in 2031 (including $4.8 million from the UW Foundation in 2026). Fickell sits at 17-22 overall and 1-12 against Top 25 teams, with more ranked opponents upcoming for Wisconsin.
Clemson’s Dabo Swinney faces a growing contract buyout tied to a five-year descending schedule, with a $57 million buyout starting in 2027 (versus $60 million total compensation), meaning firing in 2026 would save about $3 million but Clemson would still owe the full amount if he leaves for another job due to no mitigation clause. The scrutiny comes after a 51-10 thrashing by LSU that underscored a program that has slipped from its playoff-era dominance, though Swinney remains Clemson’s winningest coach and could be retained if the season improves.
Tony Romo’s future at CBS looks bleak after his Wisconsin OWI arrest, with insiders saying there’s a 95% chance he won’t return and CBS could pursue a buyout of roughly $72 million owed on the remaining contract years as J.J. Watt steps in, all while the network weighs brand impact and a court date for Romo.
Rutgers would owe Greg Schiano roughly $18.5 million if the school parts ways after the 2026 season, under a 2023 six-year extension through 2029 that pays 76.85% of the remaining salary with biweekly payments and an offset for future jobs; the buyout then declines to $11.7 million after 2027, $5.9 million after 2028, and $0 after 2029, plus a $500,000 raise after 2026. Schiano is in his second stint with Rutgers (returning in 2019) and led back-to-back seven-win seasons in 2023–2024, but Rutgers went 5-7 in 2025; with a new athletic director, Keli Zinn, the program is aiming to improve as it opened 2026 with a 37-21 loss to UMass.
As the 2026 season approaches, seven high-profile FBS head coaches—Dave Aranda (Baylor), Scott Satterfield (Cincinnati), Mike Norvell (Florida State), Mike Locksley (Maryland), Bill Belichick (North Carolina), Lincoln Riley (USC), and Luke Fickell (Wisconsin)—face intensified pressure and substantial buyouts amid uneven results, tough schedules, and the risk of coaching changes.
As AI-driven demand pushes rents and home prices higher in San Francisco, landlords are offering rent-controlled tenants substantial buyouts to vacate, prompting tenants to weigh immediate cash against the risk of no-fault eviction that would only trigger the relocation payment required by law. In one case, Bernard Dethiers, 74, received a $40,000 offer and countered with $600,000 based on projected rent differential over 20 years; the owners rejected it.
Dallas cleared cap space by buying out Klay Thompson (roughly $9.8M of his $17.5M 2026–27 salary), allowing the team to sit about $11.8M under the luxury tax with 15 standard contracts and providing more trade flexibility; Thompson will be paid about $13M by the Heat over the next two years. The piece also notes Thompson’s steady professionalism amid Dallas’ roster turnover, including a controversial reference to Luka Dončić being traded for Anthony Davis, and reports the signing of Tarik Biberovic to a two-year, $6M deal, with coach Schmitz praising his size and shooting ability and vowing further integration.
Dallas bought out Klay Thompson’s final year ($17.5 million) to clear roster space after cap constraints prevented a trade, sending him to the Miami Heat. The move yields only modest cap relief for Dallas in 2026-27—roughly $3.9 million, potentially up to about $6.5 million if Thompson signs a new two-year deal—while the team remains over the soft cap and under the luxury tax due to a crowded 16 guaranteed contracts. The article argues the trade market was effectively closed by cap realities and criticizes the front office for accumulating assets that couldn’t be dumped.
Dallas bought out Klay Thompson, clearing the way for a sign-and-join with the Miami Heat. Thompson, who averaged 11.7 points and shot 38.3% from three last season, provides Miami with a veteran floor-spacer as Dallas retools for the future. Terms of the buyout weren’t announced, but Thompson is expected to take a discount to keep his salary intact, and the Heat have two roster spots available as they finalize the arrangement.
Miami Heat move toward signing Klay Thompson after a Dallas Mavericks buyout clears the path; once he clears the 48-hour waiver window, Thompson is expected to join in free agency on a two-year deal starting above $6 million, significantly boosting the Heat’s floor spacing with elite 3-point shooting alongside Giannis Antetokounmpo and Bam Adebayo, with depth pieces lining up behind him.
After agreeing to a buyout with Dallas, Klay Thompson is set to sign a two-year deal worth about $13 million with the Miami Heat, with a 2027-28 player option, preserving cap flexibility for Miami. The move pairs Thompson with Bam Adebayo and the recently acquired Giannis Antetokounmpo as Miami seeks shooting and title contention. Minor details, like the exact salary and waiver clearance, remain to be finalized.
Michigan State named Dan Bartholomae as its new athletic director on a five-year deal with a $1.3 million base salary and total annual compensation just over $1.5 million, plus a $75,000 yearly raise; the hire follows Bartholomae’s Western Michigan tenure and comes amid complex buyouts related to previous AD transitions, including a $3.95 million Kentucky buyout for hiring Batt offset by Western Michigan’s $5.1 million buyout tied to Bartholomae’s extension; Batt left MSU for Kentucky after about a year, and MSU has not publicly released Bartholomae’s signed contract yet.
Caldwell-Pope has agreed to a Memphis buyout and plans to sign a one-year veteran minimum contract with the Philadelphia 76ers after clearing waivers, per Shams Charania and Chris Haynes. The deal would pay about $3.88M with a $2.45M cap hit, adding veteran wing depth for Philly as they navigate hard-cap constraints and pursue LeBron James’ former teammate on the roster.