homeytennis
Well-Known Member
I think the previous contract gets torn up when a coach gets a new job with a different team. Anyone know for sure?
Most coaching contracts have a dollar for dollar off set on any money obtained from coaching. Often a fired coach will reach a settlement with the old team to take less than is owed on the contract and that the contract be voided so the coach can coach again. I remember one year George Karl was collect seven million dollars on an NBA coaching contract and spent the time watching his son play college basketball and occassionally be a commentator on ESPN. That was not part of the offset.