Thing is, if you do the maths and work out that in most cases when a championship manager goes on to better things, the compo is hardly life changing. Lets say it was £250k -£500k, its hardly worth the contracts we have given menagers over the past 10 years.
12 months and go fro there, keep them on their toes...
A contract which runs the length of the season, to be reviewed at the end of the season..
If they are good and go, then the club are in a good position..
If they are poor, then they deserve to go with no money..
They have to pay the reminder of his contract AND a compenstaion fee.
It's the risk you take, if your appointing a manager it's because you believe he can improve your club so a 3 year contract is smart...however if you make the worong appointment your stuck with him or have to pay him off.
12 month rolling contracts are a good idea BUT you need to get a loyal manager like Coppell or Pearce who won't up and leave the first time a bigger club show any interest. The first time we appointed a good manager on a rolling contract a Prem club would be in for him in a flash!!!