I would like to think that the details and the wording of the severance announcement have some relevance , AFKA.
How much money he walks off with will have a major impact on the budget the new manager will have in the January window.
The Spurs pay-off for Ramos set a highly signifcant precedent here. Under his contract, his lawyers initially demanded 7-8 million. He ended up agreeing to 1.7m. I think in the current climate of economic crisis, the tide had turned dramatically against people being paid-off in full for being utter failures, whether it is bankers or football managers. It just won't wash in these times. AP surely knows that if he plays it dirty and tries to take us to court for whatever the full amount is on his outstanding contract, other big clubs are going to think long and hard about taking a risk on employing him...
My guess - and that is all it can be - is that based on the Ramos precedent, the 'mutual consent' wording means Pardew will walk off with not much more than £400k.
[cite]Posted By: nigel w[/cite]I would like to think that the details and the wording of the severance announcement have some relevance , AFKA.
How much money he walks off with will have a major impact on the budget the new manager will have in the January window.
The Spurs pay-off for Ramos set a highly signifcant precedent here. Under his contract, his lawyers initially demanded 7-8 million. He ended up agreeing to 1.7m. I think in the current climate of economic crisis, the tide had turned dramatically against people being paid-off in full for being utter failures, whether it is bankers or football managers. It just won't wash in these times. AP surely knows that if he plays it dirty and tries to take us to court for whatever the full amount is on his outstanding contract, other big clubs are going to think long and hard about taking a risk on employing him...
My guess - and that is all it can be - is that based on the Ramos precedent, the 'mutual consent' wording means Pardew will walk off with not much more than £400k.
Levy has always insisted on compensation clauses where compensation is paid in line with performance. He has always worked along those lines. Based on the fact Spurs were bottom when Ramos went, that was why his pay off was a damn site cheaper than originally first thought, nothing at all to do with economic climate whatsoever. Levy is a shrude businessman.
loads of kids from 8 upto 16 with no footballing home and another team booted from their training ground the man is a wanka and nothing else broken promises and lies is all that man knows
Nigel, you do not understand the law and contracts, i'm afraid. The economic situation be it good, or bad, has jack all to do with the compensation package, which will be detrmined by the wording of the contract, alone. Do you imagine that judges sit there saying the FTSE's up by 100 points, so you can have another 20 large? The parties can agree a compromise which will be less than the full amount due (when i'm negotiating an out of court, I generally aim at the total amount due minus what the estimated legal costs) but none of us know what either amount is, so this is all pointless speculation, squared. Don't suppose that'll stop folk on here randomly making stuff up. Bottom line is, shagger will have walked off with his pockets well lined.
Is that an issue? I dunno. He's unlikely to find work at a similar level of club again, so despite it being bad news and seeming unfair to us, given his performance, i understand why he'd try to hold out for what he can, we'd probably all be a bit less honourable than we might imagine given the situation, though many won't admit it.
Pate, i'd be bubbling if all my customers hated me and - had failed so spectacularly and publically that my fure emplayment prospects were trashed. I don't imagine that he ever didn't care, and i feel sorry for him as a human being, but snivelling on SSN, while trying to keep his options open for a payout isn't going to win me over.
I do understand contract law and the negotiation process involved as I've been there!
During my career I've walked away from two jobs and negotiated substantial pay-offs. In one case, I not only left with a year's money but carried on working for the same employer on a freelance basis and made more in the next year from them for about one-tenth of the work than I had when shackled to them working 12 hour days and on call 24/7 as a salaried exec. (Thank you, Rupert Murdoch!).
These things never get to court and it is the negotiation process that is affected by precedent and other prevailing conditions. A decent compromise would be for Pardew to be paid-off up until next summer. Which still means he will walk off with around 450-500k but does not mean we have paid-off his entire contract.
Comments
Now for the next chapter.....
Worrying.As when money was no object they picked Dowie.
How much money he walks off with will have a major impact on the budget the new manager will have in the January window.
The Spurs pay-off for Ramos set a highly signifcant precedent here. Under his contract, his lawyers initially demanded 7-8 million. He ended up agreeing to 1.7m. I think in the current climate of economic crisis, the tide had turned dramatically against people being paid-off in full for being utter failures, whether it is bankers or football managers. It just won't wash in these times. AP surely knows that if he plays it dirty and tries to take us to court for whatever the full amount is on his outstanding contract, other big clubs are going to think long and hard about taking a risk on employing him...
My guess - and that is all it can be - is that based on the Ramos precedent, the 'mutual consent' wording means Pardew will walk off with not much more than £400k.
Chairman: "Please, take this money and go away, you useless tosser."
Manager: "Okay then. Bye."
Levy has always insisted on compensation clauses where compensation is paid in line with performance. He has always worked along those lines. Based on the fact Spurs were bottom when Ramos went, that was why his pay off was a damn site cheaper than originally first thought, nothing at all to do with economic climate whatsoever. Levy is a shrude businessman.
loads of kids from 8 upto 16 with no footballing home and another team booted from their training ground the man is a wanka and nothing else broken promises and lies is all that man knows
But a sacking is a sacking - and an hour beforehand in his press conference, Pardew said he was going nowhere.
Therefore, sacked.
Is that an issue? I dunno. He's unlikely to find work at a similar level of club again, so despite it being bad news and seeming unfair to us, given his performance, i understand why he'd try to hold out for what he can, we'd probably all be a bit less honourable than we might imagine given the situation, though many won't admit it.
I do understand contract law and the negotiation process involved as I've been there!
During my career I've walked away from two jobs and negotiated substantial pay-offs. In one case, I not only left with a year's money but carried on working for the same employer on a freelance basis and made more in the next year from them for about one-tenth of the work than I had when shackled to them working 12 hour days and on call 24/7 as a salaried exec. (Thank you, Rupert Murdoch!).
These things never get to court and it is the negotiation process that is affected by precedent and other prevailing conditions. A decent compromise would be for Pardew to be paid-off up until next summer. Which still means he will walk off with around 450-500k but does not mean we have paid-off his entire contract.