I’m a hockey fan and my team, the Pittsburgh penguins, are circling the drain and as usual, the fans are calling for the coach to be fired. If I remember correctly his contract doesn’t expire until 2028, so in my head he can’t leave until that’s not an option. How does he actually get fired if they were to do that? Is it as simple as telling him to pack his desk up and leave? Or is there negotiations with lawyers?
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Coaches can be fired before their contract ends, they just get paid the balance of the contract. Often deals have offsets, which reduce payout by amount coach earns at any future job. So if coach was to make $2m/yr but after taking a year off lands a new coaching job at $1.5m then the team who fired him would pay him $500k.
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