Monday, March 23, 2009

PANDA WATCH: Chapter 3 - Memorandum of Understanding

This is a copy of the Memorandum of Understanding between the University of Kentucky and one Billy Clyde Gillispie (better known as simply BCG by lazy typers). Now, while I'll admit I don't practice law anywhere in the continental United States, to me this MoU leaves tons of gray area for each party. It looks like a friendship pact you and your drunk friends contrive when you're blitzed one weekend in college (not that I would know anything about this). Seriously, how vague of a contract is this for two parties at the top of their respected professions?

If something goes down with BCG in the near future, expect the University and its crack staff of attorneys to pounce all over this gray area, leveraging a quick buyout. And this buyout won't be of the estimated $6 million kind either. I'm sure BCG's cowboy lawyer from down south would be more than happy to negotiate a fair settlement between he and the dream team of lawyers Lee Todd already has working on this thing. On the other hand, any person that's been associated with Texas in the past decade HAS come across as somewhat stubborn, no?

It's a fun read if you have a few minutes this afternoon. And a read that showed what optimism the University had for its basketball program and their new found Coach. Tonight could be a paramount moment moving forward for UK basketball.


  1. Wow. I thought there would be a lot more to it than that. It really is just a MEMO of understanding.

  2. Like you said, not really what you'd expect from a program of this level.

  3. he never signed a contract