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Mangino paid $3 million to be gone

When it was officially announced on Dec. 3 that Mark Mangino was no longer the head coach at Kansas, it was learned that Mangino had resigned after reaching an agreement on a settlement.

As it turns out, according to the Lawrence Journal-World, the school was, as expected, prepared to fire Mangino if he did not agree to the settlement.

In the agreement, KU revealed that it had drawn up and delivered to Mangino on Dec. 2 a draft termination letter, which would have been effective Dec. 3. In exchange for KU revoking that termination letter, and “nullifying” the informal internal investigation that had been ongoing, Mangino agreed to the settlement.

Part of that settlement included a $3 million payment to Mangino, it was learned in documents released by the school today.

If Mangino had been fired without cause — debatable as he was the subject of an internal investigation resulting from accusations that he had mistreated a player — he would’ve been entitled to nearly $7 million per the language in his contract.

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4 Responses to “Mangino paid $3 million to be gone”
  1. Stoogie says: Dec 16, 2009 7:37 PM

    Still….. $3 Million will keep the fatman in Haagen Dazs for quite a while. At least it should.

  2. dotbo says: Dec 17, 2009 12:48 AM

    Basically that’s an admission of what he did, otherwise he would have stood his ground, and insisted that he get the $6.6M owed him.

  3. Hovenaut says: Dec 17, 2009 8:53 AM

    KU still came out saving bucks, as there will be no need for 10XL sportswear amongst the coaching staff any longer.

  4. Mangino removes name from consideration for Colorado job | CollegeFootballTalk says: Nov 29, 2012 7:12 PM

    […] received a $3 million buyout from the school and has been out of the collegiate coaching game ever […]

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