When Horn was hired in 2008, he received a 5-year contract and his salary was based upon coaching and personal services for $800,000 a year. There was no buyout. Therefore, USC would have owed Horn $800,000 per year remaining on his contract with prorated amounts if he was fired after March.
Horn and Hyman negotiated an extension in 2009. He received a 5-year contract and his salary was based on coaching and personal services for $1.1 mil a year. There was a buyout of $800,000 a year and Horn had a diminishing buyout of his own. Therefore, Hyman gave him $300K a year more to ensure Horn wouldn't go anywhere soon.
Therefore, Hyman gave him a raise and kept the buyout at $800,000 a year.
It is fair to bash Hyman for giving the raise or an extension or that he could have negotiated a lower buyout (unlikely). However, the buyout was not a gift that suddenly gave him more money. If he was operating under the old contract and received traditional roll-overs then he would be getting the same check USC's cutting him now.
Per posts below, if Horn received no extension and no rollovers on his original contract then he would be owed a total of $800,000 for the remaining year on his original contract.
Horn and Hyman negotiated an extension in 2009. He received a 5-year contract and his salary was based on coaching and personal services for $1.1 mil a year. There was a buyout of $800,000 a year and Horn had a diminishing buyout of his own. Therefore, Hyman gave him $300K a year more to ensure Horn wouldn't go anywhere soon.
Therefore, Hyman gave him a raise and kept the buyout at $800,000 a year.
It is fair to bash Hyman for giving the raise or an extension or that he could have negotiated a lower buyout (unlikely). However, the buyout was not a gift that suddenly gave him more money. If he was operating under the old contract and received traditional roll-overs then he would be getting the same check USC's cutting him now.
Per posts below, if Horn received no extension and no rollovers on his original contract then he would be owed a total of $800,000 for the remaining year on his original contract.
