From ESPN:


Former West Virginia football coach Rich Rodriguez has offered to pay the school $1.5 million to buy out the final six years of his contract, according to a letter of credit filed Tuesday in U.S. District Court in Clarksburg, W.Va.
Rodriguez, who was hired as Michigan's coach on Dec. 16, filed the letter of credit "in the spirit of compromise and as an act of good faith to assure West Virginia University that if this Honorable Court makes an award against Defendant, said monies will be paid," according to the court filing.
West Virginia has been asked for a comment, but has not responded to ESPN.com's request.
In a joint statement released to ESPN.com, Rodriguez and his attorneys wrote: "Coach Rodriguez is a responsible person. [The amount of the letter of credit] is the amount owed by [Rodriguez] under the first amendment of the Employment Agreement at the date of his resignation. This is a good faith effort to move the process and communication lines forward so all parties can concentrate on their future endeavors."
WVU sued Rodriguez last month to collect on a $4 million buyout clause in the contract he signed Aug. 24. Rodriguez's attorneys have disputed the coach owes his former school that much. Rodriguez claims he was pressured into signing a one-year extension at West Virginia, and claims university president Mike Garrison promised to lower the amount of his buyout.
Sources close to the situation said West Virginia officials and Rodriguez's attorneys are attempting to negotiate an out-of-court settlement to avoid going to trial.
Rodriguez's response to the lawsuit must be filed in U.S. District Court by Monday.
In the latest court filing, Rodriguez's attorneys wrote: "The amount of the Letter of Credit is equal to the maximum liquidated damages provision [penalty] at the date of termination provided in the first amendment to the original Employment Agreement. In any event, the amount of the letter of credit exceeds the first payment that Plaintiff claims is due."
Former Mountaineers basketball coach John Beilein, who was hired as Michigan's coach last April, paid West Virginia $1.5 million to buy out the final five years of his contract. The amount was $1 million less than the penalty called for in Beilein's contract, which ran through the 2012 season.

I hear that BARWIS is fronting RR the cash.

Sorry, I'll stop now.

Anyone else think the bitches in Moutaineer country will say, "Um, no, not good enough"?

If I was owed 4 million and they offered me 1.5 I'd say no.

He actually owes $1.5. They just want $4.

Sounds like it's a divorce case to me. Similar to Hulk Hogan. He does all the work and builds an empire, she wants it all when he leaves.

What a bitch.

He actually owes $1.5. They just want $4.

Sounds like it's a divorce case to me. Similar to Hulk Hogan. He does all the work and builds an empire, she wants it all when he leaves.

What a bitch.

It's a divorce with a pre-nup. If the guy is dumb enough to sign a pre-nup, it's his damn fault. If he doesn't want to pay 4 mil, why was he dumb enough to sign a legally binding contract to it.

According to what I read, he had a verbal agreement with WVU to reduce the buyout to $1.5 mil before this all happened. Now they want to go back on that and get the full $4 mil.

The article above says the university president agreed to that. It also says Beilein did not pay his full buyout either.

It's a divorce with a pre-nup. If the guy is dumb enough to sign a pre-nup, it's his damn fault. If he doesn't want to pay 4 mil, why was he dumb enough to sign a legally binding contract to it.


Don't be getting all up in RichGod's grille here. Dantonio left Cincinnati high and dry and in the middle of preparing for a bowl game.

Barwis has his eye on you.

A footnote to RR's offer is written in 4 font.

"Take this offer and be happy. The alternative is I pay nothing and Barwis eats your heart, while castrating the Governor with his smallest toe. Fear Barwis. Take the 1.5 million."

It's a divorce with a pre-nup. If the guy is dumb enough to sign a pre-nup, it's his damn fault. If he doesn't want to pay 4 mil, why was he dumb enough to sign a legally binding contract to it.

if you think you have a legal argument, why wouldnt you pursue saving 2.5 million dollars?

the word of rod > legally binding contract.

also, you cant have a verbal contract for 1.5 million, and i dont think can verbally amend it either (and have it be binding).

if you think you have a legal argument, why wouldnt you pursue saving 2.5 million dollars?

the word of rod > legally binding contract.

also, you cant have a verbal contract for 1.5 million, and i dont think can verbally amend it either (and have it be binding).

not unless the president of WVU (the party that made the verbal commitment) says he did so under oath. And he wouldn't do that unless forced to I'm sure. Plus, he can always lie (and of course risk purgery) if he thinks it can't be proven otherwise.

verbal contracts can become he said / she said. so can written.

but oral contracts are unenforceable for a contract over $500. the prez could just demur a verbal contract because even if there were one the written contract would be the enforced contract.

rich rod could try to claim that the contract was signed under duress due to coercion from WVU. if he could convince the court, the entire contract could be nulified.

The issue with Rod is that he is saying the WVU didn't come through on a lot of their promises on facilities and more money for his coaches. He is saying they basically broke the contract and he was free to leave.

The 1.5 offer just keeps him out of trouble with the court. Looks like good faith. Will he end up paying it, prolly close to that.

edit... I believe those promises were in the contract.

i think the 1.5 is, take this or your in for a legal battle and you might not get anything (or everything). its a compromise. WVU is probably discussing a counter offer right now.

If they broke promises in the contract, then he is completely off the hook. I have yet to actually hear a report saying that those things were in the contract and not just part of a verbal understanding that they had when he signed it though. Once I see that, I'll feel ok about the situation, otherwise it looks like he has to pay.

im not sure, but i think those clauses in the contract, if existent, would be considered ancillary, and breaking them wouldnt cancel the whole contract.

Don't be getting all up in RichGod's grille here. Dantonio left Cincinnati high and dry and in the middle of preparing for a bowl game.

Barwis has his eye on you.

That's cause he's a real man who wasn't dumb enough to sign a fricken pre-nup.

or cincinnatti wasnt worried dantonio getting poached...

im not sure, but i think those clauses in the contract, if existent, would be considered ancillary, and breaking them wouldnt cancel the whole contract.

Careful, words like ancillary hurt your status as a Walmart Wolverine.

hey, im just repeating stuff tahoe has already said a million times.

Careful, words like ancillary hurt your status as a Walmart Wolverine.
What, would they bump him up a level to Target or Sears?

What, would they bump him up a level to Target or Sears?

ubiquitous

verbal contracts can become he said / she said. so can written.

but oral contracts are unenforceable for a contract over $500. the prez could just demur a verbal contract because even if there were one the written contract would be the enforced contract.

rich rod could try to claim that the contract was signed under duress due to coercion from WVU. if he could convince the court, the entire contract could be nulified.

And the chances of that are? Considering he had every opportunity to sign elsewhere, and didn't need to sign the extension.

i would guess slim to none. it was just a thought.

more inspired by rumors of LSU waving a contract in front of les miles face right before the sec championship game saying sign it or your fired.

i believe that could be a legit case.

Wow, my sig ended up screwed up, now it should be better.

But yeah, if it was that sort of situation, that could be believable.

RR responds to WVU claim telling them to open up their donor books. This thing is getting shitty. Hopefully it will settle down here shortly.

WVU claims they were financially damaged by RR's leaving. RR says, lets see.