I don't believe that at all. Right up there with Barnes reported to JA.
Eball said:
I can't believe we are arguing this again. They could terminate for cause or buy him out for the contract buy out. They bought him out. They did not have sufficient cause. The number was agreed on before contract signed.
Eball said:
What we know for certain is he was not terminated for cause.
Eball said:
Now you just not making any sense. Say it with me He was "not terminated for cause" .
The reason he has not been able to find a job is because of media and social media speculation and desire to blame someone and a successful coach at Baylor was an easy target. Guys like you just make it easier for them to keep on lying about the facts.
Eball said:
Some great things happened as well not only for football and athletics but the whole University.
Gunny Hartman said:RD2WINAGNBEAR86 said:Why not now? I would love to see your list. Why are you pay guys hogging all the good stuff? Do you also have the Russian collusion goods on Trump as well?Gunny Hartman said:
One of these days just for the hell of it, I'm going to post all the heinous things Art had going on in his program right here on the free board for all the world to see, just so I can watch all his zombies defend indefensible behavior.
Should be fun.
Unfortunately, Briles undoing was beating the University of Texas and Oklahoma on a regular basis. Fortunately, our "leadership" put us back in our place where we belong and we are no longer a threat.
Oh I don't post these things on premium either. Too hot for there also. But who knows, maybe one day it will tickle my fancy. I'll make sure to also include stuff that Rex's son was involved in.
Of course you don't calculate PV on the prime rate. $40,000,000 paid over 8 years at $5MM per year at 10% FARR is $18,660,295.21, with a PVIF of 0.466507.Keyser Soze said:
There is some seriously poor calculators of the present value of money around here.
Briles had about 8 years and 40 mil left on his contract
sources in reporting Briles and Baylor had reached a settlement on his contract, which ran through 2023.
https://sportsday.dallasnews.com/college-sports/baylorbears/2016/06/17/report-baylor-reaches-contract-settlement-fired-coach-art-briles
The prime rate of interest in 2016 was under 4%
https://www.hsh.com/indices/prime-rate.html
Now for simplicity, assume even payments of $5 Mill a year for 8 year (16,17,18,19,20,21,22,23)
Now plug this into a financial calculator here
https://financialmentor.com/calculator/present-value-of-annuity-calculator
At 4% PV = $33,663,724.37
At 5% PV = $32,316,063.80
At 6% PV = $31,048,969.05
At 22% PV = $18,096,337.80
The correct answer is we don't know, but it sure looks like he got 50 cents on the dollar.
You are using a lump sum calculator not an annuity calculator which is appropriate.Malbec said:Of course you don't calculate PV on the prime rate. $40,000,000 paid over 8 years at $5MM per year at 10% FARR is $18,660,295.21, with a PVIF of 0.466507.Keyser Soze said:
There is some seriously poor calculators of the present value of money around here.
Briles had about 8 years and 40 mil left on his contract
sources in reporting Briles and Baylor had reached a settlement on his contract, which ran through 2023.
https://sportsday.dallasnews.com/college-sports/baylorbears/2016/06/17/report-baylor-reaches-contract-settlement-fired-coach-art-briles
The prime rate of interest in 2016 was under 4%
https://www.hsh.com/indices/prime-rate.html
Now for simplicity, assume even payments of $5 Mill a year for 8 year (16,17,18,19,20,21,22,23)
Now plug this into a financial calculator here
https://financialmentor.com/calculator/present-value-of-annuity-calculator
At 4% PV = $33,663,724.37
At 5% PV = $32,316,063.80
At 6% PV = $31,048,969.05
At 22% PV = $18,096,337.80
The correct answer is we don't know, but it sure looks like he got 50 cents on the dollar.
https://www.calculatorsoup.com/calculators/financial/present-value-investment-calculator.php
http://www.moneychimp.com/calculator/present_value_calculator.htm
https://www.investopedia.com/calculator/pvcal.aspx
https://financialmentor.com/calculator/present-value-calculator
No my friend, you are being disingenuous again. Lump sum buyouts are not written based on a reverse calculation like an annuity. I have signed dozens of them over the years. They are not based on what someone is willing to pay you to use your money, they are written based on the first-hand investment expectation of the capital. In my industry, that standard rate has been 12% for the last 35 years.Keyser Soze said:You are using a lump sum calculator not an annuity calculator which is appropriate.Malbec said:Of course you don't calculate PV on the prime rate. $40,000,000 paid over 8 years at $5MM per year at 10% FARR is $18,660,295.21, with a PVIF of 0.466507.Keyser Soze said:
There is some seriously poor calculators of the present value of money around here.
Briles had about 8 years and 40 mil left on his contract
sources in reporting Briles and Baylor had reached a settlement on his contract, which ran through 2023.
https://sportsday.dallasnews.com/college-sports/baylorbears/2016/06/17/report-baylor-reaches-contract-settlement-fired-coach-art-briles
The prime rate of interest in 2016 was under 4%
https://www.hsh.com/indices/prime-rate.html
Now for simplicity, assume even payments of $5 Mill a year for 8 year (16,17,18,19,20,21,22,23)
Now plug this into a financial calculator here
https://financialmentor.com/calculator/present-value-of-annuity-calculator
At 4% PV = $33,663,724.37
At 5% PV = $32,316,063.80
At 6% PV = $31,048,969.05
At 22% PV = $18,096,337.80
The correct answer is we don't know, but it sure looks like he got 50 cents on the dollar.
https://www.calculatorsoup.com/calculators/financial/present-value-investment-calculator.php
http://www.moneychimp.com/calculator/present_value_calculator.htm
https://www.investopedia.com/calculator/pvcal.aspx
https://financialmentor.com/calculator/present-value-calculator
Use this
https://financialmentor.com/calculator/present-value-of-annuity-calculator
not this
https://www.investopedia.com/calculator/pvcal.aspx
Yes, I assume they are above prime. 6% puts the PV at around double of what he was paid.
YOU are the one who said he was paid the full PV of his contract - you just calculated it wrongMalbec said:No my friend, you are being disingenuous again. Lump sum buyouts are not written based on a reverse calculation like an annuity. I have signed dozens of them over the years. They are not based on what someone is willing to pay you to use your money, they are written based on the first-hand investment expectation of the capital. In my industry, that standard rate has been 12% for the last 35 years.Keyser Soze said:You are using a lump sum calculator not an annuity calculator which is appropriate.Malbec said:Of course you don't calculate PV on the prime rate. $40,000,000 paid over 8 years at $5MM per year at 10% FARR is $18,660,295.21, with a PVIF of 0.466507.Keyser Soze said:
There is some seriously poor calculators of the present value of money around here.
Briles had about 8 years and 40 mil left on his contract
sources in reporting Briles and Baylor had reached a settlement on his contract, which ran through 2023.
https://sportsday.dallasnews.com/college-sports/baylorbears/2016/06/17/report-baylor-reaches-contract-settlement-fired-coach-art-briles
The prime rate of interest in 2016 was under 4%
https://www.hsh.com/indices/prime-rate.html
Now for simplicity, assume even payments of $5 Mill a year for 8 year (16,17,18,19,20,21,22,23)
Now plug this into a financial calculator here
https://financialmentor.com/calculator/present-value-of-annuity-calculator
At 4% PV = $33,663,724.37
At 5% PV = $32,316,063.80
At 6% PV = $31,048,969.05
At 22% PV = $18,096,337.80
The correct answer is we don't know, but it sure looks like he got 50 cents on the dollar.
https://www.calculatorsoup.com/calculators/financial/present-value-investment-calculator.php
http://www.moneychimp.com/calculator/present_value_calculator.htm
https://www.investopedia.com/calculator/pvcal.aspx
https://financialmentor.com/calculator/present-value-calculator
Use this
https://financialmentor.com/calculator/present-value-of-annuity-calculator
not this
https://www.investopedia.com/calculator/pvcal.aspx
Yes, I assume they are above prime. 6% puts the PV at around double of what he was paid.
How many years does it take to double your money at 10% compounded?Keyser Soze said:YOU are the one who said he was paid the full PV of his contract - you just calculated it wrongMalbec said:No my friend, you are being disingenuous again. Lump sum buyouts are not written based on a reverse calculation like an annuity. I have signed dozens of them over the years. They are not based on what someone is willing to pay you to use your money, they are written based on the first-hand investment expectation of the capital. In my industry, that standard rate has been 12% for the last 35 years.Keyser Soze said:You are using a lump sum calculator not an annuity calculator which is appropriate.Malbec said:Of course you don't calculate PV on the prime rate. $40,000,000 paid over 8 years at $5MM per year at 10% FARR is $18,660,295.21, with a PVIF of 0.466507.Keyser Soze said:
There is some seriously poor calculators of the present value of money around here.
Briles had about 8 years and 40 mil left on his contract
sources in reporting Briles and Baylor had reached a settlement on his contract, which ran through 2023.
https://sportsday.dallasnews.com/college-sports/baylorbears/2016/06/17/report-baylor-reaches-contract-settlement-fired-coach-art-briles
The prime rate of interest in 2016 was under 4%
https://www.hsh.com/indices/prime-rate.html
Now for simplicity, assume even payments of $5 Mill a year for 8 year (16,17,18,19,20,21,22,23)
Now plug this into a financial calculator here
https://financialmentor.com/calculator/present-value-of-annuity-calculator
At 4% PV = $33,663,724.37
At 5% PV = $32,316,063.80
At 6% PV = $31,048,969.05
At 22% PV = $18,096,337.80
The correct answer is we don't know, but it sure looks like he got 50 cents on the dollar.
https://www.calculatorsoup.com/calculators/financial/present-value-investment-calculator.php
http://www.moneychimp.com/calculator/present_value_calculator.htm
https://www.investopedia.com/calculator/pvcal.aspx
https://financialmentor.com/calculator/present-value-calculator
Use this
https://financialmentor.com/calculator/present-value-of-annuity-calculator
not this
https://www.investopedia.com/calculator/pvcal.aspx
Yes, I assume they are above prime. 6% puts the PV at around double of what he was paid.
It is a math equation - you did it wrong. Man upMalbec said:How many years does it take to double your money at 10% compounded?Keyser Soze said:YOU are the one who said he was paid the full PV of his contract - you just calculated it wrongMalbec said:No my friend, you are being disingenuous again. Lump sum buyouts are not written based on a reverse calculation like an annuity. I have signed dozens of them over the years. They are not based on what someone is willing to pay you to use your money, they are written based on the first-hand investment expectation of the capital. In my industry, that standard rate has been 12% for the last 35 years.Keyser Soze said:You are using a lump sum calculator not an annuity calculator which is appropriate.Malbec said:Of course you don't calculate PV on the prime rate. $40,000,000 paid over 8 years at $5MM per year at 10% FARR is $18,660,295.21, with a PVIF of 0.466507.Keyser Soze said:
There is some seriously poor calculators of the present value of money around here.
Briles had about 8 years and 40 mil left on his contract
sources in reporting Briles and Baylor had reached a settlement on his contract, which ran through 2023.
https://sportsday.dallasnews.com/college-sports/baylorbears/2016/06/17/report-baylor-reaches-contract-settlement-fired-coach-art-briles
The prime rate of interest in 2016 was under 4%
https://www.hsh.com/indices/prime-rate.html
Now for simplicity, assume even payments of $5 Mill a year for 8 year (16,17,18,19,20,21,22,23)
Now plug this into a financial calculator here
https://financialmentor.com/calculator/present-value-of-annuity-calculator
At 4% PV = $33,663,724.37
At 5% PV = $32,316,063.80
At 6% PV = $31,048,969.05
At 22% PV = $18,096,337.80
The correct answer is we don't know, but it sure looks like he got 50 cents on the dollar.
https://www.calculatorsoup.com/calculators/financial/present-value-investment-calculator.php
http://www.moneychimp.com/calculator/present_value_calculator.htm
https://www.investopedia.com/calculator/pvcal.aspx
https://financialmentor.com/calculator/present-value-calculator
Use this
https://financialmentor.com/calculator/present-value-of-annuity-calculator
not this
https://www.investopedia.com/calculator/pvcal.aspx
Yes, I assume they are above prime. 6% puts the PV at around double of what he was paid.
That's what I expected from you.Keyser Soze said:It is a math equation - you did it wrong. Man upMalbec said:How many years does it take to double your money at 10% compounded?Keyser Soze said:YOU are the one who said he was paid the full PV of his contract - you just calculated it wrongMalbec said:No my friend, you are being disingenuous again. Lump sum buyouts are not written based on a reverse calculation like an annuity. I have signed dozens of them over the years. They are not based on what someone is willing to pay you to use your money, they are written based on the first-hand investment expectation of the capital. In my industry, that standard rate has been 12% for the last 35 years.Keyser Soze said:You are using a lump sum calculator not an annuity calculator which is appropriate.Malbec said:Of course you don't calculate PV on the prime rate. $40,000,000 paid over 8 years at $5MM per year at 10% FARR is $18,660,295.21, with a PVIF of 0.466507.Keyser Soze said:
There is some seriously poor calculators of the present value of money around here.
Briles had about 8 years and 40 mil left on his contract
sources in reporting Briles and Baylor had reached a settlement on his contract, which ran through 2023.
https://sportsday.dallasnews.com/college-sports/baylorbears/2016/06/17/report-baylor-reaches-contract-settlement-fired-coach-art-briles
The prime rate of interest in 2016 was under 4%
https://www.hsh.com/indices/prime-rate.html
Now for simplicity, assume even payments of $5 Mill a year for 8 year (16,17,18,19,20,21,22,23)
Now plug this into a financial calculator here
https://financialmentor.com/calculator/present-value-of-annuity-calculator
At 4% PV = $33,663,724.37
At 5% PV = $32,316,063.80
At 6% PV = $31,048,969.05
At 22% PV = $18,096,337.80
The correct answer is we don't know, but it sure looks like he got 50 cents on the dollar.
https://www.calculatorsoup.com/calculators/financial/present-value-investment-calculator.php
http://www.moneychimp.com/calculator/present_value_calculator.htm
https://www.investopedia.com/calculator/pvcal.aspx
https://financialmentor.com/calculator/present-value-calculator
Use this
https://financialmentor.com/calculator/present-value-of-annuity-calculator
not this
https://www.investopedia.com/calculator/pvcal.aspx
Yes, I assume they are above prime. 6% puts the PV at around double of what he was paid.
What I expected from you was "my bad, used the wrong calculator"Malbec said:That's what I expected from you.Keyser Soze said:It is a math equation - you did it wrong. Man upMalbec said:How many years does it take to double your money at 10% compounded?Keyser Soze said:YOU are the one who said he was paid the full PV of his contract - you just calculated it wrongMalbec said:No my friend, you are being disingenuous again. Lump sum buyouts are not written based on a reverse calculation like an annuity. I have signed dozens of them over the years. They are not based on what someone is willing to pay you to use your money, they are written based on the first-hand investment expectation of the capital. In my industry, that standard rate has been 12% for the last 35 years.Keyser Soze said:You are using a lump sum calculator not an annuity calculator which is appropriate.Malbec said:Of course you don't calculate PV on the prime rate. $40,000,000 paid over 8 years at $5MM per year at 10% FARR is $18,660,295.21, with a PVIF of 0.466507.Keyser Soze said:
There is some seriously poor calculators of the present value of money around here.
Briles had about 8 years and 40 mil left on his contract
sources in reporting Briles and Baylor had reached a settlement on his contract, which ran through 2023.
https://sportsday.dallasnews.com/college-sports/baylorbears/2016/06/17/report-baylor-reaches-contract-settlement-fired-coach-art-briles
The prime rate of interest in 2016 was under 4%
https://www.hsh.com/indices/prime-rate.html
Now for simplicity, assume even payments of $5 Mill a year for 8 year (16,17,18,19,20,21,22,23)
Now plug this into a financial calculator here
https://financialmentor.com/calculator/present-value-of-annuity-calculator
At 4% PV = $33,663,724.37
At 5% PV = $32,316,063.80
At 6% PV = $31,048,969.05
At 22% PV = $18,096,337.80
The correct answer is we don't know, but it sure looks like he got 50 cents on the dollar.
https://www.calculatorsoup.com/calculators/financial/present-value-investment-calculator.php
http://www.moneychimp.com/calculator/present_value_calculator.htm
https://www.investopedia.com/calculator/pvcal.aspx
https://financialmentor.com/calculator/present-value-calculator
Use this
https://financialmentor.com/calculator/present-value-of-annuity-calculator
not this
https://www.investopedia.com/calculator/pvcal.aspx
Yes, I assume they are above prime. 6% puts the PV at around double of what he was paid.
Eball said:
Say it again...CAB was "not terminated for cause" and according to tax documents filed by BU. He was paid close to 19million for year terminated. He only worked 5 months that year. In fact when BOR voted to terminate with out cause and likely call into play buyout it was not unanimous. We know now several regents did not want to terminate at all. Yet you and others continue to get on here and insinuate we had no other option and he had to go for bad acts yet none of you have actual facts to back up said bad acts.
Eball said:
Say it again...CAB was "not terminated for cause" and according to tax documents filed by BU. He was paid close to 19million for year terminated. He only worked 5 months that year. In fact when BOR voted to terminate with out cause and likely call into play buyout it was not unanimous. We know now several regents did not want to terminate at all. Yet you and others continue to get on here and insinuate we had no other option and he had to go for bad acts yet none of you have actual facts to back up said bad acts.
REX said:Gunny Hartman said:RD2WINAGNBEAR86 said:Why not now? I would love to see your list. Why are you pay guys hogging all the good stuff? Do you also have the Russian collusion goods on Trump as well?Gunny Hartman said:
One of these days just for the hell of it, I'm going to post all the heinous things Art had going on in his program right here on the free board for all the world to see, just so I can watch all his zombies defend indefensible behavior.
Should be fun.
Unfortunately, Briles undoing was beating the University of Texas and Oklahoma on a regular basis. Fortunately, our "leadership" put us back in our place where we belong and we are no longer a threat.
Oh I don't post these things on premium either. Too hot for there also. But who knows, maybe one day it will tickle my fancy. I'll make sure to also include stuff that Rex's son was involved in.
Post it now.
Show everyone all of your insider knowledge.
Didn't think so
Go get a job
Thanks
Gunny Hartman said:REX said:Gunny Hartman said:RD2WINAGNBEAR86 said:Why not now? I would love to see your list. Why are you pay guys hogging all the good stuff? Do you also have the Russian collusion goods on Trump as well?Gunny Hartman said:
One of these days just for the hell of it, I'm going to post all the heinous things Art had going on in his program right here on the free board for all the world to see, just so I can watch all his zombies defend indefensible behavior.
Should be fun.
Unfortunately, Briles undoing was beating the University of Texas and Oklahoma on a regular basis. Fortunately, our "leadership" put us back in our place where we belong and we are no longer a threat.
Oh I don't post these things on premium either. Too hot for there also. But who knows, maybe one day it will tickle my fancy. I'll make sure to also include stuff that Rex's son was involved in.
Post it now.
Show everyone all of your insider knowledge.
Didn't think so
Go get a job
Thanks
Oh I'm not going to just yet, but not because I give a rat's ass about protecting your boy, but because I care about protecting Baylor. Perhaps one day once all the repercussions of this have blown over and the NCAA is in the rearview, I'll change my mind.
BTW speaking of jobs, he's been an operations guy for what, 10 years now? That's a position usually only held for a few years before getting promoted on upwards. Are they ever going to trust him with a responsibility beyond holding a clipboard?
baylorrific said:
Briles just can't do it: He can't show any level of meaningful remorse or contrition. Apart from it being the strategic move (had he done that years ago, he might already be back as a head coach in the NCAA), query how can someone in charge of that jaw-dropping carnage not at least have the tiniest bit of some meaningful level of culpability (with the understanding that many people played a role in this epic disaster)). He amazes me with his (a) long-standing cluelessness, and (b) Mr. Magoo-like characteristics in terms of his surrounding environment.
I have a question for the ardent Briles supporters. My sense is that Briles would do virtually anything to be a head coach again in the NCAA or NFL. Do you have any doubt that if hypothetically, for some strange reason, he needs to throw you (random person X) under the bus in any way necessary to achieve his head coaching aspiration, that he wouldn't blink an eye in doing so?
Eball said:
Say it again...CAB was "not terminated for cause" and according to tax documents filed by BU. He was paid close to 19million for year terminated. He only worked 5 months that year. In fact when BOR voted to terminate with out cause and likely call into play buyout it was not unanimous. We know now several regents did not want to terminate at all. Yet you and others continue to get on here and insinuate we had no other option and he had to go for bad acts yet none of you have actual facts to back up said bad acts.
bunation said:Eball said:
Say it again...CAB was "not terminated for cause" and according to tax documents filed by BU. He was paid close to 19million for year terminated. He only worked 5 months that year. In fact when BOR voted to terminate with out cause and likely call into play buyout it was not unanimous. We know now several regents did not want to terminate at all. Yet you and others continue to get on here and insinuate we had no other option and he had to go for bad acts yet none of you have actual facts to back up said bad acts.
Correct.
Advice: Don't waste time debating liars.
bunation said:Eball said:
Say it again...CAB was "not terminated for cause" and according to tax documents filed by BU. He was paid close to 19million for year terminated. He only worked 5 months that year. In fact when BOR voted to terminate with out cause and likely call into play buyout it was not unanimous. We know now several regents did not want to terminate at all. Yet you and others continue to get on here and insinuate we had no other option and he had to go for bad acts yet none of you have actual facts to back up said bad acts.
Correct.
Advice: Don't waste time debating liars.
Stranger said:bunation said:Eball said:
Say it again...CAB was "not terminated for cause" and according to tax documents filed by BU. He was paid close to 19million for year terminated. He only worked 5 months that year. In fact when BOR voted to terminate with out cause and likely call into play buyout it was not unanimous. We know now several regents did not want to terminate at all. Yet you and others continue to get on here and insinuate we had no other option and he had to go for bad acts yet none of you have actual facts to back up said bad acts.
Correct.
Advice: Don't waste time debating liars.
I won't go as far as calling anybody here a liar, but anyone here who claimed that Buddy Jones was sorry that Art Briles was fired was perhaps misled.
Briles crossed some folks when he flirted with the University of Texas in 2013 before the Fiesta Bowl and those folks never quite forgave him. You might say some held a grudge.
Lulz, someone 4 years into rape apologetic fantasies is telling a gainfully employed family man to get a job?REX said:Gunny Hartman said:RD2WINAGNBEAR86 said:Why not now? I would love to see your list. Why are you pay guys hogging all the good stuff? Do you also have the Russian collusion goods on Trump as well?Gunny Hartman said:
One of these days just for the hell of it, I'm going to post all the heinous things Art had going on in his program right here on the free board for all the world to see, just so I can watch all his zombies defend indefensible behavior.
Should be fun.
Unfortunately, Briles undoing was beating the University of Texas and Oklahoma on a regular basis. Fortunately, our "leadership" put us back in our place where we belong and we are no longer a threat.
Oh I don't post these things on premium either. Too hot for there also. But who knows, maybe one day it will tickle my fancy. I'll make sure to also include stuff that Rex's son was involved in.
Post it now.
Show everyone all of your insider knowledge.
Didn't think so
Go get a job
Thanks