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Joshv02 · 11-02-2006, 10:42 AM

I'm pretty sure it works like this (this is how Gordan Edes has reported it, though not quite this clearly, if I say so myself), but this has been a source of debate:

FIRST, the RS decide to exercise the $7.5mm option or the $1.5mm buyout.

SECOND, if the RS say no to the $7.5mm option (thereby paying the buyout), Foulke decides whether or not to exercise the $3.75mm option.

In the end, the RS will likely decline the option. That $1.5mm becomes a sunk cost. Then, Foulke will decide if he can do better than 1/yr $3.75mm (or if there are other reasons to not resign). I don't think he can, so I think he'll come back for that $3.75mm.

11-02-2006, 10:42 AM	#80
Joshv02 Hall Of Famer Join Date: Feb 2003 Location: , " Posts: 3,082	I'm pretty sure it works like this (this is how Gordan Edes has reported it, though not quite this clearly, if I say so myself), but this has been a source of debate: FIRST, the RS decide to exercise the $7.5mm option or the $1.5mm buyout. SECOND, if the RS say no to the $7.5mm option (thereby paying the buyout), Foulke decides whether or not to exercise the $3.75mm option. In the end, the RS will likely decline the option. That $1.5mm becomes a sunk cost. Then, Foulke will decide if he can do better than 1/yr $3.75mm (or if there are other reasons to not resign). I don't think he can, so I think he'll come back for that $3.75mm. __________________ Brookline Maccabees. RIP