There have been various reports today about just how big the buyout in Charlie Weis’s contract is.
First Lee Corso weighed in on the buyout (via a Chicago Tribune article)
“The entire Catholic Church doesn’t have enough money to pay him off at $2.5 million for another seven years or whatever it is,” Corso said. “So forget about it. The guy is going to be the football coach and they’re just going to have to live with what they’ve got.”
That same CT article, however, described Weis’s buyout as “loose change.”
The common perception of Weis’ buyout is not accurate. Multiple sources have told the Tribune the buyout, far smaller than believed, will not affect whether Notre Dame decides to fire Weis after Saturday’s game at USC. One prominent alumnus called the amount “loose change.”
Weis’ contract likely calls for annual increases to his base salary. If that average rises to $650,000, the seven-year buyout would be about $4.5 million.
Not to be outdone on the subject, ESPN’s Joe Schad came out with yet another report describing the buyout in Weis’s contract “stupifying.”
A person with knowledge of Weis’ contract told ESPN’s Joe Schad on Wednesday that the amount Notre Dame would have to pay Weis is greater than $4 million to $5 million, which was reported earlier Wednesday by the Chicago Tribune. The source told Schad that the buyout, which is specified in the contract, is “stupefying.”
Obviously there is a lot of information and disinformation being put out there right now and it’s impossible to know which reports are accruate. The mere fact that there are even reports about the matter, however, suggest that there is a real chance that Weis might not be back next year.
The fact that we are even discussing this also saddens me. It really does. I have been a big Charlie Weis fan for some time and as little as three weeks ago I posted on this very blog that I was still on the Weis bandwagon and that I still thought he would be able to turn things around. The narrow esacep versus Navy and the loss to Syracuse had me rethinking that stance, but I can honestly say that I never thought we would be in this position. I’ll have a more detailed post on that subject over the holiday.
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