Franchione's Buyout-Subject to Some Mitigation

[Pweesey]

actually now that I think about it does the duty of mitigation actually apply if they reached a settlement? We're not really talking about a breach. They owed him the money pursuant to the existing contract, and they reached a resolution. I'd bet that absent a mitigation provision in the settlement, there is no duty of mitigation. Thoughts?

[Stallion]

I'm sure it will be released in the next few days. The details are already posted on Ponyfans. His buyout is subject to mitigation in Years 2 and 3. 1.7 Million in Years 1 and 2 then half that in Year 3

[Pweesey]

my question is limited to the first 2 years. Clearly they got it after that.