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Post by hc89 on Mar 29, 2022 20:57:51 GMT -5
Colgate has extended his contract through 2030.
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Post by longsuffering on Mar 29, 2022 21:12:25 GMT -5
Colgate has extended his contract through 2030. Interesting. That's eight years of security. I wonder if the coach bartered for that in liu of Colgate being able to offer the kind of salary a school from a higher league could. Somewhat similar to the Chesney situation, ie: the best BB and FB coaches in the league. I didn't notice the length of Chesney's contract being released. |
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Post by A Clock Tower Purple on Mar 29, 2022 21:28:55 GMT -5
Smart move by 'gate to protect themselves financially if/when Langel leaves. Much like HC was smart to do with Ches.
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Post by bison137 on Mar 29, 2022 21:28:59 GMT -5
Colgate has extended his contract through 2030. Interesting. That's eight years of security. I wonder if the coach bartered for that in liu of Colgate being able to offer the kind of salary a school from a higher league could. Somewhat similar to the Chesney situation, ie: the best BB and FB coaches in the league. I didn't notice the length of Chesney's contract being released. Eight years of security, but I’m sure he has a reasonable buyout when one of the better Philly jobs becomes available. He obviously is not interested in LaSalle, which makes perfect sense. |
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Post by Ray on Mar 30, 2022 7:11:02 GMT -5
Smart move by 'gate to protect themselves financially if/when Langel leaves. Much like HC was smart to do with Ches. How does this protect Gate financially if/when Langel leaves? |
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Post by A Clock Tower Purple on Mar 30, 2022 7:17:57 GMT -5
Smart move by 'gate to protect themselves financially if/when Langel leaves. Much like HC was smart to do with Ches. How does this protect Gate financially if/when Langel leaves? Any school that hires him has to buy out what could be a lengthy contract from 'gate, that's how. |
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Post by Ray on Mar 30, 2022 8:01:59 GMT -5
I think it's a faulty assumption that just because there's a long-term contract in place, that there is buyout language included... either for Langel or Chesney.
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Post by A Clock Tower Purple on Mar 30, 2022 8:53:41 GMT -5
Buyouts that have to be paid by the hiring school or the coach is standard practice why schools give well above normal extensions for a hot commodity. Guarantee you 'gate will be compensated well if/when Langel leaves
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Post by bringbackcaro on Mar 30, 2022 9:07:23 GMT -5
I think it's a faulty assumption that just because there's a long-term contract in place, that there is buyout language included... either for Langel or Chesney. Given that he has 100% of the leverage here, it would be foolish for Langel to agree to a contract with a buyout of any significance, which could hurt his chances of getting a new job. His new team having to play a game(s) @ Colgate would be a more likely buyout clause here. |
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Post by Tom on Mar 30, 2022 9:17:51 GMT -5
There has to be some sort of buyout. If not, Langel is guaranteed to stay put for the next eight years. It might be a big one. It might be a small one. But I'm sure Langel would push for one if he wants to move up the ladder
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Post by Ray on Mar 30, 2022 10:17:35 GMT -5
I think it's a faulty assumption that just because there's a long-term contract in place, that there is buyout language included... either for Langel or Chesney. Given that he has 100% of the leverage here, it would be foolish for Langel to agree to a contract with a buyout of any significance, which could hurt his chances of getting a new job. His new team having to play a game(s) @ Colgate would be a more likely buyout clause here. The rare occasion where I agree with BBC. Cash buyouts may be standard in the power conferences, but not at this level. This contract was an inducement to persuade Langel to stay... there's no chance that agreement comes with handcuffs that effectively restrict his freedom of career movement. |
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