Butch Davis' North Carolina contract a likely sticking point with Bucs
Greg Schiano supposedly wanted Butch Davis as his defensive coordinator, but it seems Davis will serve the Bucs in an advisory capacity instead.
What gives? A little research might have provided the answer.
Buried in Davis’ contract with the University of North Carolina – which fired him in July – is an agreement that Davis will get up to $1.7 million in severance payments from 2013 to 2015.
But there’s one important condition attached: The payments would be made only in the event Davis was not employed as a coach elsewhere. It appears that Davis, by negotiating an advisory role with the Bucs, might be able to double dip, to an extent, while not violating his UNC contract. If Davis was to take a job coaching elsewhere, the amount of his new coaching salary would be deducted from the payments owed by the university.
The future payments are to be distributed in increments of $590,000 every Jan. 15 beginning in 2013. Those payments would be in addition to the roughly $933,000 Davis received from the school before the end of 2011 (for a potential total of $2.7 million).
Now, what’s less clear is North Carolina’s position on this. Will the school take exception to this maneuver? Common sense suggests Davis will first want to find out, and that could be one of the reasons he has not signed a contract with the Bucs yet.
Two different sources confirmed to the Tampa Bay Times tonight that Davis hasn’t yet signed a contract with Tampa Bay, meaning this isn’t a done deal just yet.
And given the complexities outlined here, that’s important. It might be a little too early to assume anything.