John Clayton: Fins save $7.9 million by releasing Fiedler

[Nublar7]

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Wow, we saved more then I thought. I thought it was around $5.5 million, but it is really almost $8 million!

[ohall]

Incredible. Good stuff, thx.

[Clumpy]

:shakeno:

[Nublar7]

:shakeno:
Explain yourself.

[Clumpy]

Number doesn't make sense.....I need to consult with Merman and aqua on this

[Merman]

Number doesn't make sense.....I need to consult with Merman and aqua on this

Makes no sense. I did an analysis that you and Aqua can check to see if I missed something.

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[Aqua]

I have a cap savings of $6,662,500.

I only had Fiedler for a cap number of $8,887,500. I may have missed something along the line because it differs from Merman, Clump, and Clayton.

I have a prorated bonus amount of $2,225,000. Original bonus of $4M for 5 years and a restructure of $1.25M for 4 years. (($4M/5)*2)+($1.25M/4)*2))
Clump or Merman If I'm missing something please let me know.

cap # $8,887,500
cut - $2,225,000
savings $6,662,500

[Clumpy]

I had his remaining proration at nearly $2.7 million

Cap savings of approx. $6.2 million when adjusted for top 51

I'm gonna breakdown the numbers again

[Merman]

I have a cap savings of $6,662,500.

I only had Fiedler for a cap number of $8,887,500. I may have missed something along the line because it differs from Merman, Clump, and Clayton.

I have a prorated bonus amount of $2,225,000. Original bonus of $4M for 5 years and a restructure of $1.25M for 4 years. (($4M/5)*2)+($1.25M/4)*2))
Clump or Merman If I'm missing something please let me know.

cap # $8,887,500
cut - $2,225,000
savings $6,662,500

A portion of last year's salary of $3.7 million was guaranteed. My understanding was $700k.

$4,124,816/5yrs=$824,963
$1,250,000/4yrs=$312,500
$700,000/3yrs=...$233,333

Total...............$1,307,796 * 2=$2,741,593. rounded.

[Aqua]

Thanks Merman. I missed that guarantee from last year.

Here's an old article I found about Fiedler's original signing.To view links or images in this forum your post count must be 10 or greater. You currently have 0 posts. (To view links or images in this forum your post count must be 10 or greater. You currently have 0 posts.)

It says the orginal bonus was $4M which is what I've been using. Where did you get $4,124,816? I'm wondering if I missed something else there?

My new numbers with lastest adjustment are now.

Cap Number $9,120,833
Cut $2,691,667
Savings $6,429,166

[Merman]

Where did you get $4,124,816? I'm wondering if I missed something else there?


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