Jon Gruden Resigned From The Raiders…Now What Happens To His Contract?

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splits: 9

Jon Gruden resigned as coach of the Las Vegas Raiders on Monday night time. His resignation got here after a sequence of emails he despatched between 2011 and 2018 grew to become public. In these emails, Gruden used racist, homophobic, and misogynistic language in describing others, together with NFL Gamers Affiliation govt director DeMaurice Smith. The Raiders confirmed his resignation via Twitter.

Gruden re-joined the Raiders in 2018, having beforehand coached the crew from 1998 to 2001. He was introduced on to return the crew to relevance, led by a rising star in Derek Carr, and to assist with the crew’s transfer to Las Vegas.

The Raiders plucked Gruden away from Monday Night time Soccer on ESPN, providing him an enormous contract to teach the crew. In reality, Gruden acquired the most important contract in NFL historical past: a ten-year, $100 million deal.

So, what occurs now that Gruden is now not coach of the Raiders, lower than 4 years into that ten-year deal?

Ethan Miller/Getty Photos

The Athletic’s Tashan Reed originally stated Gruden would forfeit the remaining $60 million left on his contract. Nonetheless, USA Today reported the crew and former coach are figuring out a package deal and that the state of affairs was “unresolved.”

It seems to be like Gruden will obtain no less than a bit of cash on account of resigning, nevertheless it actually will not be the $60 million he stood to achieve had he completed your complete contract.

By way of annual wage, Gruden was the third-highest-paid coach within the NFL. Solely New England’s Invoice Belicheck ($12.5 million) and Seattle’s Pete Carroll ($11 million) will earn extra this 12 months.

Although it is just about irrelevant now, Gruden’s deal additionally included a no-trade clause. Throughout his first go-round with the Raiders, the crew traded him to the Tampa Bay Buccaneers in 2001. Gruden signed a five-year, $17.5 million take care of the Bucs, and the Raiders acquired $8 million in money, two first-round picks, and two second-round picks in trade. The following season, the Buccaneers defeated the Raiders in Tremendous Bowl XXXVII.

This time, Gruden is leaving the Raiders underneath much more tumultuous circumstances. And there is not one other teaching job ready for him on the opposite aspect.


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