ISU to pay Nurse 175K

[bugs4cy]

Well there has to have been something in his contract that stated he got this otherwise he wouldn't get it. Sure, it seems stupid, but if ISU signed the contract this is just as much on them. If I sign a contract and am let go two days later I would get all I can even if I get my old job back. This is business.

Contract? A signed contract? According to the newspaper story it was a verbal agreement. Nothing signed.

[Three4Cy]

I will take paying Nurse $175k to buy him out vs. 2 million to buy out McDermott if he had stayed. I am willing to bet had this gone to court, it would cost us a lot more than $175k, let alone the bad publicity we don't need.

[SBMcDunk]

paying nurse - 175k
losing a non winning coach and getting FH - priceless

[cyclone13]

True...it's business. But it's also business to see a mans true character and treat him as such.

If I'm Nurse I'm concerned with my reputation in the community. He's a very public figure.

There are other communities other than Iowa State communities, e.g. University of Iowa community. I don't think his standing will suffer in that community

[Cydwinder]

Contract? A signed contract? According to the newspaper story it was a verbal agreement. Nothing signed.

From what I understood it sounded like it was only a verbal agreement. I'm ok with the reasoning, but to me paying someone 75% of their contract's value for less than a week of being employed seems insane.

[cyclone13]

From what I understood it sounded like it was only a verbal agreement. I'm ok with the reasoning, but to me paying someone 75% of their contract's value for less than a week of being employed seems insane.

From Wikipedia:

In law, a contract is an agreement between two or more parties which, if it contains the elements of a valid legal agreement, is enforceable by law or by binding arbitration. That is to say, a contract is an exchange of promises with specific legal remedies for breach

As long as the good or service provided is legal, any oral agreement between two parties can constitute a binding legal contract. In daily life, most contracts can be and are made orally, such as purchasing a book or a sandwich

[Tre4ISU]

Contract? A signed contract? According to the newspaper story it was a verbal agreement. Nothing signed.

Maybe I should read something before I talk about it huh? Then I do find it odd this is the amount settled on.

[Cydwinder]

From Wikipedia:

In law, a contract is an agreement between two or more parties which, if it contains the elements of a valid legal agreement, is enforceable by law or by binding arbitration. That is to say, a contract is an exchange of promises with specific legal remedies for breach

As long as the good or service provided is legal, any oral agreement between two parties can constitute a binding legal contract. In daily life, most contracts can be and are made orally, such as purchasing a book or a sandwich

But I doubt they had an agreement on how much a buyout of his contract would be in agreeing to a position and salary. It is possible though.

[CycloneErik]

Maybe I should read something before I talk about it huh? Then I do find it odd this is the amount settled on.

That would ruin half the fun..........