Gottfried Getting $2 Million To Walk Away

Alabama Crimson Tide Former Alabama coach Mark Gottfried will reportedly receive a full buyout of his contract - 29 monthly payments of $75000 for a total of more than $2 million.
by The Associated Press
Published: Tue, January 27, 2009 - 11:09 am CST
TUSCALOOSA, Ala. (AP) - Former Alabama coach Mark Gottfried will
reportedly receive a full buyout of his contract.
The Birmingham News reported Tuesday that Gottfried will get 29
monthly payments of some $75,000 each for a total of more than $2
million. The former Crimson Tide player resigned Monday midway
through his 11th season.
An Alabama spokesman said Tuesday morning that he couldn't
immediately confirm the buyout information.
If Gottfried finds another job, his buyout will be decreased by
the amount of his new salary.
Assistant Philip Pearson is serving as interim coach for the
rest of the season.
The coaches mentioned as potential candidates to replace
Gottfried include Minnesota's Tubby Smith, Virginia Commonwealth's
Anthony Grant, Missouri's Mike Anderson and UAB's Mike Davis.
The Tide visits Arkansas Thursday night.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
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FLOWERCHILD
FLOWERCHILD Says:
Tue, Jan 27, 2009 at 1:00 pm

this is not even fair. on the one hand business’s are closing, people losing their jobs left and right, business’s filing bankruptcy - and then this. he doesn’t even have to work anymore. something is wrong with this picture.

butterflykisser101 Says:
Tue, Jan 27, 2009 at 11:15 am

That’s why our teachers are underpaid because the coaches get it all.LOL

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