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If I understand Gibson’s contract correctly...

CAJUNEER

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May 29, 2001
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If he is not retained by the new HC he will be owed $950,000, to be offset by whatever salary he earns from his next position should he be hired in 2019. Looks like Holgorsen’s buyout will go straight into Gibby’s pocket.
 
You are correct. Gibson Contract was separate from Holgorsen. This is what scares me most that they name Gibson the new HC.
 
If he is not retained by the new HC he will be owed $950,000, to be offset by whatever salary he earns from his next position should he be hired in 2019. Looks like Holgorsen’s buyout will go straight into Gibby’s pocket.

That was a ridiculous and unnecessary deal Lyons gave Gibson.

We are gonna burn $1 million to dismiss that clown.
 
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