NON-COMPETE CLAUSES AND THE WORLD OF SPORTS
Non-compete clauses are everywhere from restaurants and their chefs to basketball teams and their coaches. That’s right – now coaches have to deal with non-compete provisions in their contracts.
Billy Donovan, whose University of Florida basketball team won the NCAA title this year, walked away from that job and was hired by the Orlando Magic of the NBA. It was reported the Magic had agreed to pay Donovan $27.5 million over 5 years! The only problem is that now Billy wants to go back to the University of Florida. No problem says the owner of the Orlando Magic except for the non-compete clause in the contract you signed. You see, the Magic owners don’t want Billy Donovan to return to the University of Florida and then next year agree to coach another NBA team and compete with the Magic!
In my opinion this is ridiculous! How can this be fair?