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Notre Dame And Charlie Weis: No Way (Buy) Out?
CNBC.com | November 25, 2008 | 11:31 AM EST

Charlie Weis is in trouble again. His Notre Dame team lost to a horrendous Syracuse team this past weekend at home, and after his team’s very likely loss to USC this weekend, his winning percentage (he’s won 28 of 48 games) will be eerily similar to his two predecessors when they were canned.

But Charlie Weis, my friends, will probably survive another year because of his buyout. And, perhaps more importantly, because of the state of the economy. (As an aside, Notre Dame’s $7 billion endowment, like most investments, got slammed from its investments in real estate and commodities.)

The buyout is roughly as secretive as Joe Paterno’s Penn State coaching contract, but it’s believed that it would cost north of $15 million buy out Weis. ( As the New York Times’ Pete Thamel notes , it’s not clear if the number for hiring the coach away versus firing him.)

As I talked about last year Weis was given a ridiculous contract that ran through the 2015 season based on a rumor that one NFL team was supposedly looking into maybe hiring Weis.

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