WRS
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So a mix of option 1 and option 2. In the case of a "separate budget" rather than just a different GL line on the whole university budget (still separate from the endowment), you'd still expect an eight figure contract buyout clause to get direct scrutiny even if trustees aren't in a good place to determine market value. That's different than an 80k salary vs 120k salary, that's a significant % of your operating budget.
Totally agree. Even if you don’t know shit about the market for basketball coaches you ought to be able to apply the bullshit test to an $18MM buyout to any contract that isn’t for a coach with a HOF resume.