The Fort Wayne Journal Gazette threw its own report in the buyout fray regarding the buyout for Notre Dame head coach Charlie Weis stating that the number is around $12 million.
The Journal Gazette has learned from a source close to the situation that Notre Dame coach Charlie Weis’ buyout is at least $12 million.
The source said Weis is scheduled to be paid at least $2 million per year before incentives, which the fourth-year coach has not reached, according to the source. Weis agreed to the new contract in October 2005, soon after Notre Dame had a close loss to then-No. 1 USC, 34-31, in South Bend after reported NFL suitors came calling.
In the past few days there have been numerous rerports about the buyout. The Chicago Tribune said on Wednesday that the buyout figure was between $4-5 million. ESPN responded with a report of their own stating that the buyout was “stupifying” and around $16 million. Yesterday, Irish Illustrated reported the number to be around $10 million.
So what have we learned about Weis’s buyout in the last week? No one really knows what the figure is and we likely won’t ever know what the real value of the buyout is even if a change gets made.