That 18 mill buyout?
100% true.
I didn’t believe it (believed there was a buyout, but not that much) until a few hours ago.
After DM’s third season, WeLLman thought Manning had righted the ship and liked the presumed trajectory of the program. He was worried that bigger and better programs would come calling so he worked Manning’s contract to include repayment clause, so if he left Wake before the end of the contract, he would owe the school a pretty hefty chunk of change (I don’t know that figure) but Manning’s agent wouldn’t let him sign the agreement without a lucrative buyout for the big guy. His manager (whoever he is) is very, very good (I was told). He was able to negotiate the 18 mill buyout because WeLLman was convinced Danny was “the man” and thought this was a sure thing.
I was told “no one in the AD ever imagined this would turn out like it has”. Everyone in the AD likes Manning, especially WeLLman. Recruits like him, their parents like him. But the big time, 4 and 5 star kids don’t want to play for him because we suck.
Did WeLLman retire because of the contract extension and the buyout? While no one in the AD has said that out loud, it is certainly “known”. He tanked the men’s basketball program with back-to-back bad hires and made a deal so bad that Wake can’t get rid of one.
The reason Manning is here this season? Wake simply could not afford the buyout.
The good news? The buyout decreases significantly at the end of the season. An amount wasn’t given, but I was told it’s more affordable.