Geno Ford lawsuit

Discuss the MVC hoops season here.

Geno Ford lawsuit

Postby BUFANATIC79 » July 16th, 2013, 1:52 pm

Kent State to receive $1.2 million after Geno Ford "breached" his contract
http://www.crainscleveland.com/artic...FREE/130719857
BUFANATIC79
MVC Bench Warmer
MVC Bench Warmer
 
Posts: 63
Joined: May 28th, 2013, 11:20 am

Geno Ford lawsuit

Sponsor

Sponsor
 

Re: Geno Ford lawsuit

Postby BTbird » July 16th, 2013, 2:56 pm

Your link got abbreviated. I'm getting a page not found message.
http://www.crainscleveland.com/article/20130716/FREE/130719857
BTbird
MVC Role Player
MVC Role Player
 
Posts: 100
Joined: November 1st, 2010, 10:36 pm

Re: Geno Ford lawsuit

Postby Wufan » July 16th, 2013, 5:14 pm

Really! Isn't there a buyout clause that has to be paid and that's it?
Wufan
MVC Hall Of Famer
MVC Hall Of Famer
 
Posts: 4106
Joined: October 19th, 2010, 8:14 pm

Re: Geno Ford lawsuit

Postby Aargh » July 16th, 2013, 5:27 pm

Wow! the buyout clause is that he has to pay Kent St. the amount of salary left on his cxontract. He had 4 years at $300,000 a year, so he owes Kent St. $1.2 mill!

that's an bsolutely unbelievable buyout. I can't believe anyone would ever sign a contract like that. That's pretty much - "the only way you can ever leave is if we fire you".
User avatar
Aargh
MVC Hall Of Famer
MVC Hall Of Famer
 
Posts: 1924
Joined: August 16th, 2010, 10:08 pm

Re: Geno Ford lawsuit

Postby Mikovio » July 17th, 2013, 8:27 am

A liquidated damages clause is only enforceable if it's a reasonable estimate of the damages suffered by a breach at the time the contract is executed. By that standard, I think Bradley had a case, but even if they won they still would have paid quite a bit.

I'd be interested in what Geno's buyout clause at Bradley looks like. I hope it's something we have to worry about here soon.
User avatar
Mikovio
All MVC
All MVC
 
Posts: 828
Joined: July 9th, 2011, 7:10 pm

Re: Geno Ford lawsuit

Postby saluki762 » July 17th, 2013, 3:09 pm

BUFANATIC79 wrote:Kent State to receive $1.2 million after Geno Ford "breached" his contract
http://www.crainscleveland.com/artic...FREE/130719857

why is breached in quotes?
B=====D ( )
B=====D ( )
B=====D ( )
B=====D ( )
saluki762
All MVC
All MVC
 
Posts: 441
Joined: September 17th, 2010, 9:18 am

Re: Geno Ford lawsuit

Postby BUFANATIC79 » July 17th, 2013, 9:49 pm

saluki762 wrote:
BUFANATIC79 wrote:Kent State to receive $1.2 million after Geno Ford "breached" his contract
http://www.crainscleveland.com/artic...FREE/130719857

why is breached in quotes?

The article said it was for a breach in his contract. I wasn't trying to debate whether or not he breached his contract
BUFANATIC79
MVC Bench Warmer
MVC Bench Warmer
 
Posts: 63
Joined: May 28th, 2013, 11:20 am

Re: Geno Ford lawsuit

Postby rbus » July 18th, 2013, 1:00 pm

I think the weirdest thing in this whole story is that Kent State gave Geno permission to interview. He was fine to interview, but not be hired.

:huh:
rbus
MVC Recruit
MVC Recruit
 
Posts: 12
Joined: January 7th, 2013, 1:19 pm

Re: Geno Ford lawsuit

Postby Red » July 19th, 2013, 12:19 pm

rbus wrote:I think the weirdest thing in this whole story is that Kent State gave Geno permission to interview. He was fine to interview, but not be hired.

They probably wanted some kind of buyout and never got it. Frankly, as a non-BCS fan, I'd like to see more schools hold coaches to the contracts they have.
Red
All MVC
All MVC
 
Posts: 958
Joined: August 4th, 2010, 3:37 pm

Re: Geno Ford lawsuit

Postby AngryWheat=FTW= » July 19th, 2013, 9:03 pm

Red wrote:
rbus wrote:I think the weirdest thing in this whole story is that Kent State gave Geno permission to interview. He was fine to interview, but not be hired.

They probably wanted some kind of buyout and never got it. Frankly, as a non-BCS fan, I'd like to see more schools hold coaches to the contracts they have.


And players to the schools they originally committed to out of high school. Too much hopping around - players and coaches.
MTXA = Mental Toughness Xtra Angry!!

>>>Wheatshockers.com<<<
User avatar
AngryWheat=FTW=
MVC Bench Warmer
MVC Bench Warmer
 
Posts: 61
Joined: April 15th, 2013, 9:47 pm

Next

Return to Missouri Valley Conference Basketball

Who is online

Users browsing this forum: No registered users and 89 guests


cron