GMU, Hewitt part ways

[CHRISTOPHER JAMES JOLLAY]

We keep assuming that we have to pay Hewitt his entire buyout in a lump sum.

This is most likely not the case. Given the way buyouts are frequently structured these days, it wouldn't surprise me a bit if Hewitt agreed to take it in 4-5 installments.

He doesn't need the money. Taking it in smaller chunks helps him for tax purposes. And it obviously helps us if we can pay him off $150K at a time.

Regardless, he is toast. Done deal.

Good point.

 

[Pablo]

We keep assuming that we have to pay Hewitt his entire buyout in a lump sum.

This is most likely not the case. Given the way buyouts are frequently structured these days, it wouldn't surprise me a bit if Hewitt agreed to take it in 4-5 installments.

He doesn't need the money. Taking it in smaller chunks helps him for tax purposes. And it obviously helps us if we can pay him off $150K at a time.

Regardless, he is toast. Done deal.

Actually, the contract calls for paying the remaining equal installments via the normal payroll cycle for the remaining period of the employment contract - see Article VIII.B at http://www.nycbuckets.com/contracts/PaulHewitt-GeorgeMason.pdf. In other words, he would be paid the remaining balance owed on his base annual salary as if he were still employed at Mason.

 

[GSII]

Actually, the contract calls for paying the remaining equal installments via the normal payroll cycle for the remaining period of the employment contract - see Article VIII.B at http://www.nycbuckets.com/contracts/PaulHewitt-GeorgeMason.pdf. In other words, he would be paid the remaining balance owed on his base annual salary as if he were still employed at Mason.

For tax purposes, i doubt Birdman would want to take that option.

 

[KONG]

Pretty sure Hewitt should owe Mason a series of refunds based on Non-Performance.
"Only win 2 games in February, Coach owe's the University a lump sum payment of $25,000."
"Win less than 10 games in a season, Coach owes the University a lump sum payment of $50,000."

 

[disgruntled]

Pretty sure Hewitt should owe Mason a series of refunds based on Non-Performance.
"Only win 2 games in February, Coach owe's the University a lump sum payment of $25,000."
"Win less than 10 games in a season, Coach owes the University a lump sum payment of $50,000."

I think you are on to something. Let's include non-performance penalties too. I imagine the coach, whoever that may be, would be Buzz Williams like animated for the entire 40 minutes. That lone would be worth the price of admission.

 

[GSII]

Ok folks....please pick up your seat numbers at will call.

 

[Vurbel]

I'm officially getting impatient.

 

[GSII]

I'm officially getting impatient.

If nothing is announced tomorrow, there might a ball of fire rolling through campus.

 

[Pikapppatri8]

If nothing is announced tomorrow, there might a ball of fire rolling through campus.

The Abrams is fueled up, loaded with ammo, and pulled out of the underground hangar. The potential is there.

 

[GMUSSTN]

Anyone think they might have been waiting to see how many A-10 teams would get into the Tournament before we make an official move? That's money that'll trickle down for years and could affect how we structure or deal with a buy out. Just a thought. I'm not 100% worried yet but am getting there.

 

[Cool Disco Dan]

Anyone think they might have been waiting to see how many A-10 teams would get into the Tournament before we make an official move? That's money that'll trickle down for years and could affect how we structure or deal with a buy out. Just a thought. I'm not 100% worried yet but am getting there.

I don't think we'll get anything significant based on the way the A-10 structures payouts. I think (hope?) they may have waited a little while because of the longevity bonus. If they fired him immediately after the game Wednesday, it would have looked like they had absolutely made the decision before the end of the season...and scrunity may have come their way for handing him an additional $85K for losing 3 games in 11 days, when they knew he'd be out.

 

[sigmanorm]

He is GONE! Just announced on 106.7

 

[GSII]

Good bye Motherf**ker!!!!!

Yeeeeeeeeeeeeeeeeeeeeesssssss!!

 

[GSII]

no longer speculation!!!

 

[GSII]

http://espn.go.com/mens-college-bas...paul-hewitt-fired-coach-george-mason-patriots

 

[GSII]

Very Happy, but a little scared at who the new coach will be. If its Horn, I'll be coming down from this high real quick.

 

[Washingtonian]

RT @D1scourse: Hewitt, it should be noted, is due right around $2.1 million next year to not coach Georgia Tech and George Mason.

 

[mkaufman1]

RT @D1scourse: Hewitt, it should be noted, is due right around $2.1 million next year to not coach Georgia Tech and George Mason.

And this is why nobody should feel bad for the guy. He gets 2.1 million to do absolutely nothing. Good riddance.

 

[KAOriginal]

RT @D1scourse: Hewitt, it should be noted, is due right around $2.1 million next year to not coach Georgia Tech and George Mason.

My god....I want his agent....

 

[Pikapppatri8]

My god....I want his agent....

Capitalism works in mysterious ways ! But yes his agent earned every bit of his retainer.


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