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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Generally, they have to pay out the remaining terms of his contract.
Depending on what exactly is going on, 2 things to routinely happen, though
1. They agree to “mutually part ways.” This usually results in a buyout of some kind but allows the coach to start looking right away for a new job. Usually something like “we owe you 2mil for 4 years, we’ll pay you 2.5 mil now but you can leave right away”. This is something where the coach sees the writing on the wall and thinks he can get a job somewhere else but doesn’t want to wait or waiting may mean he’ll miss out.
2. They fire the coach and pay out the contract, though alot of contracts come with offset language, meaning if he’s fired by team A and is owed 2 million dollars for 2 years, but gets hired by team B for 1.5 million dollars, Team A only needs to pay him 500k for 2 years. This is not ALL contracts but is in a lot.
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