It's shocking managers get rewarded for failure but he'd lose most of any pay off if he got another job quickly. Hence why so many managers decide to take roles in the media. It's also due to some of them (eg Dowie) being crap.
Just watched the interview with JM on MOTD and thought wtf??? I know I've had a few but seriously that's bordering on the Eric Cantona seagulls press conference.