The University of Connecticut on Tuesday released details of football coach Randy Edsall's new contract with the school.
Below are the details of the new aggreement.
University of Connecticut Contract Summary
Randy Edsall — Football Head Coach
CONTRACT PERIOD: Contract is effective January 1, 2008 and runs through December 31, 2012. This new agreement supercedes the previous contract that was in place.
SALARY: $275,000 (effective January 1, 2008 for the 2007-2008 academic year) with all fringe benefits available to members of the American Association of University Professors (AAUP). The base salary will be annualized for the remainder of the 2007-2008 academic year. The base salary will increase by $25,000 on an annual basis during the term of the contract and will be annualized from the period of July 1, 2012 through December 31, 2012.
SPEAKING & MEDIA APPEARANCES: $512,500 for the period of January 1, 2008 through June 30, 2008 for institutional speaking and media appearances. That amount will be $1,050,000 for the period of July 1, 2008 through June 30, 2009. That will increase by $75,000 on an annual basis during the term of the contract. For the period of July 1, 2012 through December 31, 2012, the amount will be $650,000.
CONTRACT TERMS
BASE SALARY - SPEAKING/MEDIA - TOTAL
Jan. 1, 2008-June 30, 2008
$275,000 - $1,025,000 - $1,300,000*
July 1, 2008-June 30, 2009
$300,000 - $1,050,000 - $1,350,000
July 1, 2009-June 30, 2010
$325,000 - $1,125,000 - $1,450,000
July 1, 2010-June 30, 2011
$350,000 - $1,200,000 - $1,550,000
July 1, 2011-June 30, 2012
$375,000 - $1,275,000 - $1,650,000
July 1, 2012-Dec. 31, 2012
$400,000 - $1,300,000 - $1,700,000**
* -- The Coach’s total compensation for the period of July 1, 2007-June 30, 2008 will be $1,110,000. This amount is determined by the amount earned in six months of the previous contract (July 1, 2007-Dec. 31, 2007), which was $137,500 in salary and $322,500 in speaking and media appearances and the first six months of the new contract (January 1, 2008-June 30, 2008), which was $137,500 in salary and $512,500 in speaking and media appearances.
** -- The Coach’s total compensation guaranteed for the six-month period of July 1, 2012 though December 31, 2012 will be $850,000 based on annualized amount of $200,000 for salary and $650,000 for speaking and media appearances.
CAR ALLOWANCE: $15,000 on an annual basis.
SUMMER CAMPS/CLINICS: Coach has the opportunity to direct a summer football camp or clinic on the UConn campus in Storrs at the rates and fees established by the University’s Conference Services Office. The Coach may also direct a summer football camp or clinic located off the University’s campus. All camps or clinics run by the Coach shall be owned and operated by the Coach.
ENDORSEMENT CONTRACTS: Permissible as allowed within the established guidelines of the University, the NCAA and the Office of State Ethics.
TICKETS: Twenty (20) tickets will be provided to Coach at no cost for all home, away and postseason contests. Five (5) parking passes will also be provided for all home games. The Coach will also receive four tickets and two parking passes to all home men’s and women’s basketball games.
COUNTRY CLUB: Family membership to be provided for Coach at a country club.
ADDITIONAL COMPENSATION: The Coach will receive compensation for additional services if the team advances to a bowl game and/or if he is named the national or conference coach of the year. The Coach will receive one month’s worth of base salary for an appearance in a non-Bowl Championship Series bowl game and $100,000 for an appearance in a Bowl Championship Series bowl game. In addition, the Coach will receive one half of one month’s base salary if he is named the national coach of the year. If he is not named the national coach of the year, but named the conference coach of the year, he will receive one quarter of one month’s base salary.
BUYOUT: If the Coach accepts a position during the term of this agreement as a head coach at a NCAA Division I institution, or as a head coach in any professional league, the following sums will be due to the University from the Coach: $1,500,000 from January 1, 2008 to December 31, 2008; $1,250,000 from January 1, 2009 to December 31, 2009; $500,000 from January 1, 2010 to December 31, 2010; $400,000 from January 1, 2011 to December 31, 2011; and $250,000 from January 1, 2012 to August 1, 2012.
The University reserves the right to terminate this contract without cause at any time during the contract. If the University terminates the contract for any reason not mentioned in the contract (permanently disabled, having “just cause” through the AAUP contract; fails, refuses or neglect to perform his job), the University will give the coach the following payments to fully satisfy its obligation of the contract: $3,750,000 from January 1, 2008 to December 31, 2008; $3,000,000 from January 1, 2009 to December 31, 2009; $1,125,000 from January 1, 2010 to December 31, 2010; $750,000 from January 1, 2001 to December 31, 2001; $350,000 January 1, 2012 to August 1, 2012.
NOTE: No General Fund monies (state tax dollars) were used to provide any of the resources for this contract. The Division of Athletics at the University of Connecticut is an Auxiliary Services Fund entity and the sources of revenue include: gate receipts, private fund-raising, corporate partnerships, television/radio rights fees, BIG EAST Conference revenue, NCAA revenue.
Shawn Courchesne, 1:24 p.m.
Comments