Tubby finally signs contract!
Former Kentucky men’s basketball coach Tubby Smith has been working for nine months now without a signed contract, but on Monday that situation was finally rectified. According to various sources on the Internet, as well as the local papers, Smith’s final-draft contract will pay him an average of $1.75M per season, with performance incentives potentially boosting that total.
The deal runs for seven years, through spring 2014, and will pay a base salary of $600,00, plus supplemental compensation at $1.15 million annually, which is where the $1.75M figure comes from. However, there is a lot of other ways for Smith to boost his pay. He’ll also receive $50,000 annually for running summer hoops camps.
Here is a list of his incentives and performance-based bonuses:
- For the national championship: $500,000.
- Final Four: $250,000.
- Elite Eight: $75,000.
- Sweet 16: $50,000.
- NCAA tournament berth: $100,000.
- Big Ten regular-season title: $250,000.
- Big Ten second place: $100,000.
- Big Ten tournament title: $100,000.
- Academic APR greater than 950: $100,000.
- Academic APR greater than 940: $50,000.
- Academic APR greater than 930: $25,000.
- If the four-year average of the six-year graduation rate determined by the university is equal to or higher than 50%: $100,000.
It’s a rich contract, to be sure. Of course, this is exactly the sort of contract a university has to pay for a top-flight coach. If Coach Smith can lead the Gophers to the post season on a regular basis, I’d encourage the Gophers to even pay for Tubby’s auto accessories if that’s what it took. Go Tubby! Go Gophers!
