What a mess....Cant say there asset rich!!!One LED scoreboard etc etc

"If creditors choose to dismiss the Deed of Company Arrangement, they can move to liquidate the company which could see the licence for the Gold Coast team revoked by Basketball Australia."

WOuld be very interesting if the coach decides to dismiss the Deed of Company Arrangement.

What does that mean though?

The way i read it is that the Tomlinson's will dictate the agreement as they are the major creditors. Former coach doesn't have much hope here other than getting 20-30k

I am reading it the same as BJF.

4 contracted players, the CEO and the office accountant are all exempt from this. They are still being paid. How can this be so?
If super payments show up on your monthly pay slip but aren't sent to your Super Fund, is that illegal?

Brendans legal bills are 6 figures, does this mean he ends up out of pocket?

His return will not even go near that let alone him benefiting.

^
Thanks Daniel for this insight into your toilet rituals. Dad would be proud.

Poor form from the Blaze, something doesn't sit right

What a disgrace. Glad I'm not an NBL coach. These poor guys work their backsides off to get to the level they are at. And this is how basketball chooses to repay them? I am disgusted at the lack of help available to coaches from the NBL in this league. They desperately need a coaches association to represent them. We won't be able to attract quality coaches with this kind of reputation. Can't sell them on the lifestyle when they get treated like this and they can make more money overseas. Shame, shame NBL. Have heard we're losing Gleeson to an overseas gig as well.

Re: "Seriously, he was paid for the work he did, thats more than a lot of coaches around the world get when the owners decide to get rid of them." Not true. In most pro leagues around the world, when you sign a contract, it's a contract. If owners decide to go a different direction, they pay out the current coach. Happens in the AFL all the time. It's a shame that fans like you have such lack of respect for the people that play and coach sports to think that way.

Contracts are like toilet paper in Australian sports. It is not like overseas where they get millions and become a trade-able commodity.

There is not enough money in any sport in Australia to demand a player/coach to stay if they don't want to so why should should there be any honor the other way.

Trevor had a contract with the Crocks but wanted to go to Melb because of personal issues. What were the Crocks to do, say no?

Australian sports should just abandon multi-year deals and only recognize 1 year contracts.

Also, Joyce is better off calling it 'lost wages' as he would then be eligible to claim from GEERS where he would get a heck of a lot more than from the administrators.

@Maxx. I totally agree. If a team can't honour their end of the deal should they change direction, they shouldn't lead on a coach/player to get them. Anyone that doesn't feel for Joyce and what he's been through is flat out disgraceful. I just feel sorry for the poor guy. I think sometimes fans forget that these are real people's lives we're talking about here and it's a very, very specialised field. It's not like these guys can go out tomorrow and get another gig like you or I can. There are only 9 people in Australia that do what they do. So, they should be financially compensated when an owner decides to rip their contract apart. Either that or get rid of contracts completely which would then lead to very junior coaches in this league. Very few seasoned, head coaches will sign for a 1 year deal. If we go that angle, you'll have a whole league full of Anstey's and Heals, i.e. inexperienced, untried coaches. God help us.

@anonymous. Although you must remember that a court of law deemed that he WAS due full pay for work he didn't do.

Revoke the license. This isn't like Cairns when they went into admin but had a solid following and were just overspending.

This license does not belong on the Gold Coast.

I think the point is, it was work he was willing and AGREED to do..that is what the court found, from memory it was the Blaze who repudiated the agreement 2 years into a 4 year contract..remember he relocated his family to the gold coast with the expectation and agreement that he would be working for 4 years..I am not a fan of Joyce and never thought the blaze should have signed a coach for that long, but have to feel sorry for Joyce in this mess.

Why wait till now for VA? 5 years and $11.5 million dollars later.

Why still pay 6 staff members (including 4 players, including probably player highest paid in the League)?
Tooooo coincidental, Joyce about to run out of options and time and would bring down the curtain.

typically a deal can be reached in these situations. it is not uncommon to barter as he would have earnt 150k ball park; 37c in the dollar tax less super etc
so would have been due to net around 100k in his pocket by two years is 200k

taking into account it would easily cost 50k in lawyers plus the risk of losing to go to court

offer the guy 100k cash on the spot as compensation and the deal is done with no one looking bad

The cloud over all this as i understand it is that The Coach was not directly employed by the club rather his company contracted to supply coaching services to the Blaze.

Relocated his family to the Gold Coast. I know it's a reasonably serious matter but there is a funny side to that line!

It's exactly for tax minimisation. I agree that it's a specialised field, but it's still contract based labour. I'm a contractor, and I can walk from a contract with minimal notice, but the companys I contract to can also terminate the contract with minimal notice. It's a risk I take to be better compensated and have more control over my earnings.

I think he pushed a bit hard to get the righteous result, rather than being pragmatic and compromise to get a reasonable payout. The organisation has done this legally, but it's definitely a tactic to clear some unwanted debts and continue on. Happens all the time in medium sized industry. Not saying it's ethical, but it's legal.

Only 2 votes against it. BJ and Harvey.
Harvey made a hell of a speech.

So Harvey is a creditor also? What did he say in his speech?

Bump...

Can't get any details.
is there a creditor on board here?
Hoarey, Harvey and Cadee are all creditors.
No salary since end of season and no medical bills paid. Feel for Hoare as he's a retired family man now.

Why doesn't hoare come out in the media about it?