That's a Maximum of $9.3M if no one seeks employment. Plus, any payout is paid over the remaining term of the original agreement (we're still paying Fulmer, Hammy, etc.). So, it's not a lump sum. I don't think enough people understand this. No, we may not be able to write a check for $9.3M now, but $200,000-300,000/mo? Probably so. If not, First TN Bank would be happy to help. We bring in $100M/yr; we're pretty bankable. Additionally, it's been reported that Dooley has discussed a "negotiated" resignation, which may reduce the payout.
I think Dooley will get everything his contract entitles him to and I think he has made this clear..
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underthehill writes:
I think Dooley will get everything his contract entitles him to and I think he has made this clear..
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