Jump to content
The Official Site of the Vancouver Canucks
Canucks Community

[Report] Bill Peters resigns as Hurricanes head coach to become new Flames head coach


Recommended Posts

5 minutes ago, sedinsassassins said:

So if they fire Peters, they have to pay him but if he resigns then they don't have to pay him?

It's like a job. If you've worked at a company for four years and your company decides to fire you, they have to pay for your severance which includes the amount of years you've worked for them. If you resign/quit, company doesn't have to pay you anything.

 

Same concept here. Bill Peters had one more year left on his contract and by firing him, the Hurricanes would have to pay him that year on top of a new head coach. Since Peters resigned, his contract is no longer valid on the Hurricanes payroll freeing up some cash to hire a new head coach.

 

Also, Peters might have resigned as he probably wanted a fresh start somewhere with a team that has the potential and can make the playoffs as opposed to biding his time in Carolina and hoping for a playoff spot next year.

Link to comment
Share on other sites

8 hours ago, sedinsassassins said:

So if they fire Peters, they have to pay him but if he resigns then they don't have to pay him?

He had an out clause as coach in his contract.

8 hours ago, Apple Juice said:

It's like a job. If you've worked at a company for four years and your company decides to fire you, they have to pay for your severance

And having another opportunity he exercised the clause. It felt like Carolina was happy he took it.

 

Otherwise these contracts, unlike the NFL, have a tendency to be fully guaranteed.  Which is the market. If the market is offering guaranteed contracts, coaches will take them. And teams will feel obligated? Or they may not get a coach...

 

Its more interesting when a fired coach gets offered a new job. Such as AV when he was offered a job in New York. While under contract & owed $10 mill by the Canucks. The Canucks still had him under contract and had to pay him.  But they also don't have to ''give permission'' to other teams to talk or hire him. He's ''under contract.'' So then partial or complete releases get negotiated to allow the new team access.  I recall reading somewhere the Canucks just paid a portion of AV's NYR salary?

 

And same with Columbus & Tortorfella...

Link to comment
Share on other sites

  • 1 month later...

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...