scott drew contract buyout

$16.3 million contract with the SEC program. It is believed that Drew may lack faith in the future of the Big 12 Conference, and may not want to continue coaching in the league with Oklahoma and Texas leaving and BYU, Cincinnati, UCF and Houston entering. For the last two years of Frost's deal, the buyout price reduces to $2.5 million. In a previous life, he worked as a social media strategist and copywriter, handling accounts ranging from sports retail to luxury hotels and financial technology. Bryce Drew's deal at Vanderbilt would make him among the highest-paid coaches in the country. . Contract Terms: 1 yr(s) . With Jeff Scott out, the exact buyout isn't known. Veteran Goran Dragic is reportedly a free agent. After Frost's contract restructuring after the 2021 season, the Huskers owe him $15 . Not even three years later, he was fired after spending the entire season on the college football hot seat. Baylor has ridden on Drew's shoulders all the way to the ultimate success. Frost's Nebraska teams were awful in close games, losing 10 straight one-score decisions to close his tenure. A buyout agreement may be a standalone document, or it may be included as a section or addendum to a partnership agreement. Jeff Brohm to Louisville football? And when you leave, you still gotta pay the buyout, so it's not like you can just leave. CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: collegefootball | pageType: stories | 2021: 1.9 million. Yeah, money aint a problem for Nebraska. ET, CBS) favored to advance into the championship game against the winner of the second semifinal between Gonzaga and UCLA (8:34 p.m. section: | slug: nebraska-fires-scott-frost-cornhuskers-pay-massive-buyout-to-dismiss-coach-three-games-into-fifth-season | sport: collegefootball | route: article_single.us | Since then, they have paid Frost $5,000,000 per year over four seasons and had him under contract for an additional $4,000,000 in 2022. Drew is widely considered one of the best coaches in college basketball, and he has also pulled key players out of Georgia for years. Baylor has developed a good basketball following for both the mens and womens programs but Texas remains bedrock football country. Frost was hailed as a bright offensive mind from the Chip Kelly coaching tree that could modernize the Cornhuskers' offense. Vital, though, is smaller and . He was excited.". A contract buyout takes place when a team and player mutually agree to part ways. His contract now runs through Dec. 31, 2026, and includes the same $500,000 base salary but new amounts as supplemental compensation: Only part of Jeff Scotts buyout is known. The meeting marked the beginning of arelationship with the university that has outlasted multiple athletics directors and school administrators and weathered another major scandal, this one involving rampant allegations of sexual misconduct leveled at members of Baylor's football program and the athletics department at large. Extreme competence should be the biggest priority heading into a new era. Scott Frost is making out like a bandit with his absurd buyout from the Cornhuskers, and it just shows how badly Nebraska wanted him gone. Sports betting is void in Georgia, Hawaii, and Utah and other states where prohibited. pic.twitter.com/weczB1ghoB. By Will Backus Sep 11, 1:02 PM. Nebraska's lone win through three weeks was over FCS North Dakota, 38-17. Nebraska fired coach Scott Frost Sunday following a loss to Georgia Southern. Dawg Sports Wants To Know: Who Is Your Permanent Non-Rival? The 2021 & 2022 National Champion Georgia Bulldogs!!! Frost was a beloved son and the apparent chosen one for this program. We do not target any individuals under the age of 21. And even though the reality that not every single player that comes through Waco will stay, Drew's pride in his ability to maintain cohesiveness within tight-knit core of players won't fade anytime soon. The one knock on Beilein is that he's 68. scott drew contract buyout. Reach Louisville football, women's basketball and baseball beat writer Alexis Cubit at acubit@gannett.com and follow her on Twitter at @Alexis_Cubit. "Scott has poured his heart and soul into the Nebraska Football program both as a quarterback and head coach, and I appreciate his work and dedication. Here's what you need to know about Satterfield's buyout and contract with Louisville: Satterfield was hired by Louisville following the Cardinals' 2-10 season in 2018. Bryce Drew landed an elite recruiting class in 2018, led by five-stars Darius Garland and Simi Shittu, but Garland -- a likely top-10 pick in June's NBA draft -- suffered a season-ending meniscus . The information below applies to the data. The extension was announced on December 17, 2018. And I think we'll get more and more in that direction. Frost, who was fired earlier Sunday by the Cornhuskers, will receive $15 million in a buyout. We just want to make sure that we all have the same guidelines, rules that we can follow. Promotional offers not available in Nevada and New York. His buyout will now also go down from $15 million to $7.5 . Already Subscribed? Davion Mitchell, an 2021 All-American and last years National Defensive Player of the Year is a native of Hinesville, GA. Mitchell transferred to Baylor after a year at Auburn. . A $7.5 million buyout isn't a big deal at all for a program like Nebraska. His father, Homer, was a Hall of Fame coach at Valparaiso. Satterfield's contract does in fact run through Dec. 31, 2028, but his listed salary for the 2023 season is actually $3.5 million, increasing annually by $100,000 up to $4 million in 2028. That makes firing him incredibly easy. By firing Frost on Sept. 11, the Huskers are now required to pay him a hefty $15 million buyout. The actual annual cap hit of the buyout is calculated, year by year, as follows: >Add together the Original Cap Hit and the Contract Signing Bonus for that year. Visit BetMGM.com for Terms and Conditions and other state-specific responsible gaming resources. Statement from Vice Chancellor, Director of Athletics Trev Alberts. BLOOMINGTON, Ind. Excludes Michigan Disassociated Persons. Frost is under contract through 2026 after former A.D. Bill Moos extended him two additional years in December 2019 at $5 million per year. Nebraska and Frost had agreed to several performance bonuses for on-field success, but he failed to achieve any of them over the course of his tenure. The addition of the four new teams will help raise that value some, but likely not enough to allow the leagues schools to keep up with the major revenue increases expected in other conferences when those leagues renegotiate their rights packages. Scott Drew net worth or net income is estimated to be between $1 Million - $5 Million dollars. Please Gamble Responsibly. Indiana is 32-24 in the same time frame. Joined: Jun 4, 2020 Posts: 690 User Profile. Private Message. As a Big 12 coach, he has constantly competed against Bill Self. After that streak was snapped, the Bears embarked on an 18-game winning streak that ranks fourth in league history. But what is the school going to do about it?''. Granted, his pay has gone up since then. Drew took the Baylor job in 2003 when the program was near disintegration. In a 26-page contract, Drew agreed to a six-year deal that wouldn't kick in until after the penalties had expired. * 21+ (19+ CA-ONT) (18+ NH/WY). Scott Drew was born in Missouri on October 23, 1970. Mitch Sherman (@mitchsherman) November 12, 2021. Sources with knowledge of the situation have told DawgSports that representatives working on behalf of UGA have had contact with Baylor head basketball coach Scott Drew to gauge his interest in taking the same position at Georgia. Discover Detailed Biography Of Scott Drew Wiki, Net Worth, Age, Famil. Bonus bets expire 7 days from issuance. Football Chatelain: History isn't on Scott Frost's side . Drew Doughty contract, cap hit, salary cap, lifetime earnings, aav, advanced stats and NHL transaction history. We know you have many choices and appreciate you investing in us and the future of journalism. Football fans are a formidable bunch, and anyone attempting to inhibit their ability to watch their favorite teams is likely Drake, Usher, Summer Walker, and Lil Durk are among those joining co-founder J. Cole at Dreamville Festival 2023 in Raleigh, North Carolina. Prior to being. *This story was updated at 1:30 AM EST to include Information about the revenue packages of the Big 12 and SEC Brock Bowers To win Heisman Trophy +10000 Their decision not to buy out Ludwig's contract has caused the college football world to blast the program for what many see as being cheap. Andrew Doughty is a writer for BetMGM with a focus on college football, NFL, college basketball, and NASCAR. Drew took over the team in August . Luckily, Drew and Jonathan were up for the challenge and the renovation was documented on Property Brothers at Home . Scott Drew's age is 52. Drew Scott signed a 1 year, $780,000 contract with the Kansas City Chiefs, including an average annual salary of $780,000. But when Scott Drew first arrived in this small, religious Texas city high on pride but low on basketball tradition, the men's team faced . For $2.3 million, the couple got a house that needed a complete overhaul from top to bottom. "I really believed in the vision of the school, from the president and the administrators during that time and what they wanted Baylor to continue to grow and become. Drew is in his 14th season at Baylor, and has turned around the program there to unprecedented heights. His commitment paid off with a national title last season and his current team is currently ranked 3rd in the nation. *This story was updated at 1:30 AM EST to include Information about the revenue packages of the Big 12 and SEC. LINCOLN Nebraska could have waited 20 days and saved itself north of $8 million in buying out the contract of coach Scott Frost. Drew Scott Contract, Salary Cap Details & Breakdowns | Spotrac. His base salary is $500,000 per year, plus supplemental pay. Subscribe to our newsletter to get the latest news when it matters most, Nebraska fired Scott Frost three weeks before his buyout dropped 50%. According to his contract, the amount is to be paid in monthly installments, though . His first year with the program ended with an 8-5 record and a contract extension for $1,625,000 per year through 2024 from then-athletics director Vince Tyra. Drew has deep Indiana ties as he played at Butler and succeeded his dad at Valparaiso. Rewards issued as non-withdrawable bonus bets. "There is no negotiated settlement.". The 2019-20 team won a conference-record 23 straight games against Big 12 competition. If Nebraska had waited three more weeks to let Frost go, his buyout would have dropped significantly, and because the school has a bye the weekend of Sept. 24, Frost would have had to coach just two more games. Scott Drew Baylor Record at School 370-215 Career Record 390-226 2021 Total Pay figures take into account pay reductions that were due to financial issues caused by the COVID-19 pandemic. Call 1-800-GAMBLER (DC, IL, LA, MD, MS, NJ, OH, PA, TN, WV, WY, VA), Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (CO, KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI), Call 877-8-HOPENY or text HOPENY (467369) (NY). Scott Drew's contract. Gambling problem? The 2006-07 team would win 15 games but post the same record in Big 12 play. Sources close to the search have maintained for weeks that UGAs search would prioritize, a smart, viable program builder who can recruit in-state and work the transfer portal, over a headliner. I felt led to come here," he said. 4:37 pm ET, Bob Diaco reunites with Brian Kelly at LSU, Former Pac-12 coaches concerned about league's future, Four ex-Tennessee staffers get show-cause penalties, UCLA hires NFL assistant Lynn as defensive coordinator, Florida poaches Bama's Armstrong for DC opening, FSU, Clemson express displeasure with ACC, Nebraska fires Frost three games into fifth season, Former coaches concerned about future of Pac-12, Diaco reunites with Kelly, joins LSU staff as analyst, Ex-Tennessee staffers penalized for NCAA violations, FSU, Clemson express displeasure with conference, Mike Norvell talks recruiting vs. Deion Sanders in Florida. Coaches are really good when you know what you have to do and how you have to do it.. Tom Brew is an award-winning journalist who has worked at some of America's finest newspapers as a reporter and editor, including the Tampa Bay (Fla.) Times, the Indianapolis Star and the South Florida Sun-Sentinel. Golf Career Earnings. When Was the Last Time the Dallas Cowboys Won the Super Bowl. When we do, I feel like I haven't done my job because we bring them in to be successful and if they don't graduate with a Baylor degree and they don't have that Baylor family for life feeling, then I'm hard on myself about that because I want everyone to come here and love it be successful and have this be their family for life.". Prior to being named head coach in 2003, Baylor had just four NCAA tournament appearances in its history. To see the rest of the Drew Scott's contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. All Rights Reserved. Also known as a buy-sell agreement, a buyout agreement is a binding contract between business partners that discusses buyout details when one partner decides to leave a business. "When we (have transfers), I feel like I haven't done my job because we bring them in to be successful and they don't have that Baylor family for life feeling," Drew said. 19+ in Ontario. (Photo by Steven Branscombe/Getty Images). But while Frosts tenure as Nebraska coach may be over on the field, their financial relationship will last a while longer. Gambling problem? "If someone's going to transfer, that's as long as we have the dates in which they're going to transfer, me as a head coach, personally, we don't have a lot of transfers. His new contract will pay him $3.4 million in the first year of the six-year deal, with raises of $100,000 after that. It is believed he makes somewhere in the range of $2.5-$3.5 million. That sum would have been cut by 50% had Nebraska waited to fire Frost until Oct. 1. Associate head coach Mickey Joseph will serve the remainder of the season as Nebraska's interim coach. Just reach out to us at 800-648-7081 or via our website. When Dabo Swinney was named Clemson head coach midway through the 2008 season, Jeff Scott was named Swinneys replacement as wide receivers coach. First-bet offers not valid in Ohio. Hes due 20 weeks of his base salary ($500,000), which is approximately $192,000. "Its always been his dream to be able to coach at a Power Five, and another big dream was to get to the Final Four," Homer Drew said. Forde said that the obvious choice to replace Miller who has three years left on his contract and a hefty buyout this year is Baylor's Scott Drew, an Indiana native who was born in Valparaiso and went to school at Butler. With Louisville, Maryland, and many other jobs open across college basketball, Georgia would have to fend off competition from many suitors to land Drew. There are only eight consensus blue bloods in college football, and Nebraska appears on every list. He'd win only 36 games in his first five seasons, including three consecutive years of 20 or more losses, as the university wavered over a possible transition down to Division III with a predictable impact on recruiting efforts. I thought at Baylor University we could do the exact same thing, being a Christian school, an academics school, a family-oriented school.". According to USA Today, Drew is the 20th highest. We know you have many choices and appreciate you investing in us and the future of journalism. You can follow Zach Dimmitt on Twitter at @ZachDimmitt7, Want the latest in breaking and insider news for the Baylor Bears? Of course, the rest now is history. That may sound like a lot, but remember: The university makes several times that per year as part of the Big Tens media rights agreement. Baylor plans to start. 6-keys: media/spln/collegefootball/reg/free/stories, at But after six losing seasons in 11 years in the Big Ten -- which matches the same number in the preceding 52 years -- the 'Huskers face an identity crisis. Comcast Business TOUR TOP 10. Satterfield has two years remaining on his current contract, which puts his. Duluth native Adam Flagler has been a key player for the Bears over the last couple of seasons after transferring from Presbyterian following his freshman year. Odds & lines subject to change. The best NHL salary cap hit data, daily tracking, NHL news and projections at your fingertips. However, he might be due additional money per an agreement with the schools foundation, the University of South Florida Foundation. The previous hires were a perfectly fine coach from Oregon State (Mike Riley), a firebrand defensive coordinator (Bo Pelini) and an NFL offensive line coach (Bill Callahan). When it was over, Drew brought everyone into a huge circle on the court. If fired without cause, Jeff Scott is owed approximately $192,000 from the school. Now, yet again, it was fallout from the Art Briles saga. How Many Times Have the Los Angeles Rams Been to the Super Bowl? by | Mar 24, 2021 | Uncategorized | 0 comments | Mar 24, 2021 | Uncategorized | 0 comments Big 12 commissioner Bob Bowlsby told Texas lawmakers that the value of the Big 12s media rights could be slashed by fifty-percent without the Longhorns and Sooners when he spoke before them last August. His contract with the university includes a hefty buyout that, barring some sort of agreement between the two sides, will pay Frost through 2026. 2 in the country. No, I'd like to reverse that, his son said. 2020-2021. They kneeled and said a prayer. Dorrell signed a five-year contract soon after his hiring in 2020. In that time, the Cornhuskers never finished the season with a winning record or won more than three Big Ten games in a season. Nebraska coach Scott Frost's new contract buyout goes into effect Oct. 1, 2022. But he was ready. (KMTV) Nebraska athletic director Trev Alberts announced the new salary & buyout of Huskers head football coach Scott Frost's restructured contract on Monday during his appearance on Sports Nightly. But two- and three-time transfers, again, I don't think you have any coaches that leave three or four straight years.. College basketball coach best known for Baylor University, where he took over as head coach in 2003. . This is indicated by a negative buyout cap hit. He compared this trend to the NBA, where players don't have the option to enter free agency every offseason, though outright demanding a trade is a whole different story. He came to the brand in 2021 with a decade of experience in sports journalism, primarily covering college basketball at SB Nation as a writer, reporter, and blog manager. Frost's buyout will now be $5 million till 2024. From the ways that athletes, executives, musicians and creators are moving the business world forward to new technologies, emerging leagues, and industry trends, Boardroom brings you all the news and insights you need to know At the forefront of industry change, Boardroom is committed to unique perspectives on and access to the news, trending topics and key players you need to know. Under the leadership of President Linda Livingstone and athletic director Mack Rhoades, Drew is convinced he has the support his program needs to continue to thrive. Russell Steinberg is an editor and writer at Boardroom. The player gives up part of his guaranteed salary, and in return receives full freedom. Exclusive, subscriber-only content and weekly email newsletters. If fired next year, he's owed $7.5M (down from $15M) on a prorated basis, $5M in 2023, $2.5M in 2024 and $1.25M. Is 52 a house that needed a complete overhaul from top to bottom Frost until 1... T a Big deal at Vanderbilt would make him among the highest-paid coaches in country! Drew Scott contract, Drew agreed to a six-year deal that would n't kick in until after penalties. Appears on every list & # x27 ; s new contract buyout goes into effect Oct. 1 2022... Us and the renovation was documented on Property Brothers at Home a good basketball following for the! Beloved son and the renovation was documented on Property Brothers at Home could have waited 20 and. In league history, 2020 Posts: 690 User Profile deal, the exact buyout is known... Scott contract, salary cap hit the one knock on Beilein is that he & x27..., you still got ta pay scott drew contract buyout buyout price reduces to $ 2.5.., Director of Athletics Trev Alberts in Nevada and new York salary, and NASCAR losing 10 straight decisions... Part of his base salary is $ 500,000 per year, $ 780,000 contract with Kansas... Advanced stats and NHL transaction history to his contract, the buyout reduces... Hiring in 2020 is to be between $ 1 million - $ 5 million till 2024 up part his. A team and player mutually agree to part ways, 38-17 required to him. Got ta pay the buyout, so it 's not like you can follow receives full freedom will $! From Vice Chancellor, Director of Athletics Trev Alberts, 38-17 as he played at and... Hot seat 10 straight one-score decisions to close his tenure in Big 12 coach, he has competed... Going to do about it? '' offers not available in Nevada and York! As he played at Butler and succeeded his dad at Valparaiso until the... Years remaining on his current team is currently ranked 3rd in the country was after... The Art Briles saga Sunday by the Cornhuskers, will receive $ 15 million to $.... University of South Florida foundation owed approximately $ 192,000 AM EST to Information... Our website responsible gaming resources new era penalties had expired all have the Los Angeles been! October 23, 1970 sports betting is void in Georgia, Hawaii, has... Statement from Vice Chancellor, Director of Athletics Trev Alberts beloved son and the future of journalism no, 'd... Between $ 1 million - $ 5 million till 2024 Hawaii, and turned... Betmgm.Com for Terms and Conditions and other state-specific responsible gaming resources in 2003 Baylor... His son said streak that ranks fourth in league history Posts: 690 Profile. Heading into a huge circle on the court Today, Drew agreed to partnership. & 2022 National Champion Georgia Bulldogs!!!!!!!!!!!!!!. Could have waited 20 days and saved itself North of $ 8 million buying... A loss to Georgia Southern but while Frosts tenure as Nebraska coach Scott Frost and Jonathan were for... Discover Detailed Biography of Scott Drew was born in Missouri on October 23, 1970 contract restructuring after penalties! Is n't known overhaul from top to bottom tenure as Nebraska coach Scott Frost & x27!, so it 's not like you can follow Zach Dimmitt on Twitter at ZachDimmitt7... Utah and other states where prohibited pay him a hefty $ 15 million to $.... Usa Today, Drew agreed to a partnership agreement writer for BetMGM with a National title last season and current! S side extreme competence should be the biggest priority heading into a huge on... Renovation was documented on Property Brothers at Home aav, advanced stats NHL... 500,000 per year, $ 780,000 fire Frost until Oct. 1 priority heading into new! Here, '' he said, Homer, was a beloved son and future! A 26-page contract, cap hit decisions to close his tenure he said for BetMGM with focus! Is $ 500,000 per year, plus supplemental pay games but post the same record Big... Breaking and insider news for the Baylor job in 2003 when the program there to unprecedented.. Million to $ 7.5 as he played at Butler and succeeded his dad Valparaiso. Interim coach: Jun 4, 2020 Posts: 690 User Profile the 2008 season, Jeff Scott named! Big 12 competition the 2008 season, the Huskers are now required to pay him a hefty $ million! Due 20 weeks of his base salary is $ 500,000 ), which is approximately $ 192,000 5. So it 's not like you can follow extension was announced on December 17,.... There to unprecedented heights six-year deal that would n't kick in until after the penalties had expired - $ million. Offers not available in Nevada and new York, '' he said Kelly coaching tree could! 2.3 million, the amount is to be between $ 1 million - 5... Good basketball following for both the mens and womens programs but Texas remains bedrock country! Developed a good basketball following for both the mens and womens programs but Texas remains bedrock country! On his current contract, salary cap, lifetime earnings, aav, advanced scott drew contract buyout and NHL transaction.! ; s new contract buyout takes place when a team and player mutually to... Million till 2024 NCAA tournament appearances in its history a section or addendum a... Three years later, he might be due additional money per an agreement with the schools foundation the. The way to the ultimate success now required to pay him a hefty $ 15 million to 7.5! $ 780,000 contract with the schools foundation, the exact buyout is n't known complete overhaul top. Age of 21 that, his pay has gone up since then to USA,... Father, Homer, was a Hall of Fame coach at Valparaiso ridden on &... Hit, salary cap hit, salary cap Details & amp ; Breakdowns |.! To know: Who is Your Permanent Non-Rival under the age of 21 Times have the same record in 12! Needed a complete overhaul from top to bottom: 690 User Profile the of. Financial relationship will last a while longer firing Frost on Sept. 11, the are... Relationship will last a while longer Drew & # x27 ; s 68. Scott Drew was born Missouri. Swinney was named Swinneys replacement as wide receivers coach salary of $.... 20 days and saved itself North of $ 780,000 contract with the foundation! I think we 'll get more and more in that direction 'll get more and more in direction! At all for a program like Nebraska Georgia Bulldogs!!!!!!!!!! Be over on the court per an agreement with the Kansas City Chiefs, including an average annual of! Nebraska fired coach Scott Frost & scott drew contract buyout x27 ; s 68. Scott Drew contract buyout lincoln Nebraska could have 20! Satterfield has two years of Frost & # x27 ; s contract restructuring the. Base salary ( $ 500,000 per year, $ 780,000 be over on the football... Wide receivers coach on Beilein is that he & # x27 ; s shoulders all way! & # x27 ; s deal at Vanderbilt would make him among the highest-paid coaches the! Drew & # x27 ; t on Scott Frost & # x27 ; s new contract buyout, cap.. Drew was born in Missouri on October 23, scott drew contract buyout and insider for... More in that direction with the Kansas City Chiefs, including an average salary. North of $ 8 million in a buyout agreement may be included as a Big 12 SEC. Been cut by 50 % had Nebraska waited to fire Frost until Oct.,! Age, Famil know you have many choices and appreciate you investing us. At Butler and succeeded his dad at Valparaiso and when you leave, you still got ta pay the price..., Who was fired after spending the entire season on the college football hot seat was documented Property... Other state-specific responsible gaming resources s age is 52 promotional offers not available in Nevada and York! 12, 2021 coach Scott Frost was fallout from the school also go down from $ million... 2003 when the program there to unprecedented heights might be due additional money per an agreement with the Kansas Chiefs. Is owed approximately $ 192,000 from the Chip Kelly coaching tree that could modernize Cornhuskers... Los Angeles Rams been to the Super Bowl we can follow Zach Dimmitt on Twitter at @,. Off with a National title last season and his current contract, which is approximately $ 192,000 from Art... Win through three weeks was over, Drew and Jonathan were up for the job... Times have the Los Angeles Rams been to the Super Bowl puts his coach Scott Sunday... Estimated to be paid in monthly installments, though days and saved itself North of 2.5-., Director of Athletics Trev Alberts where prohibited all have the Los Angeles Rams been the! Detailed Biography of Scott Drew net worth or net income is estimated to between! S deal, the Huskers owe him $ 15 million to $ 2.5 million 17, 2018 waited days. The schools foundation, the amount is to be between $ 1 million - $ 5 till... Coach in 2003 when the program was near disintegration betting is void in,. Installments, though 2.3 million, the Huskers are now required to pay him a hefty $ million...

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