Gary Pinkel Contract Executive Summary
Gary Pinkel Contract
Executive Summary
12/23/07
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| New Contract |
Current Contract
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Term: | January 1, 2008 to
December 31, 2012 | Expires
December 31, 2011
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Base Salary: | $280,000 |
$255,000
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Used to calculate normal University benefits package
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Other Guaranteed Compensation:
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Apparel/Shoe: | $322,500 |
$217,500
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Television Show: | $322,500 |
$217,500
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Radio Show: | $322,500 |
$217,500
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Public Relation: | $322,500 |
$217,500
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Camps: | $280,000 |
$175,000
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Total | $1,570,000 |
$1,045,000
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Total Guaranteed
Annual Compensation: | $1,850,000 |
$1,300,000
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Perquisites:
| Membership in Country Club |
Changes to Old Hawthorne
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| Two courtesy cars | Same
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| Discretionary Fund of $20,000 |
Same
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Incentives:
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Win Big 12 North | $25,000 Plus $55,000 for staff |
$25,000
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Win Big 12 | $50,000 Plus $55,000 for staff |
$50,000
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Tier III Bowl | 1 month’s salary
(1 for assistants) | Same
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Tier II Bowl | 2 month’s salary
(1 for assistants)* | Same
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BCS Bowl | 3 month’s salary
(2 for assistants) | Same
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Play in Nat. Champ Game | $100,000 |
Same
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Win Nat. Champ Game | $250,000 |
Same
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8 wins | $10,000 |
Same
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9 wins | $15,000 |
Same
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10 wins | $20,000 |
Same
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11 wins | $25,000 |
Same
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40K season/55K sold tix | $25,000 |
Same
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45K season/60K sold tix | $50,000 |
Same
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Big 12 Coach of the Year | $10,000 |
Same
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National Coach of the Year | $25,000 |
Same
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Academic/Social Goals | $50,000 |
Same
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Maximum Incentives | $530,000 |
$523,750
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Total Max. Compensation Possible | $2,380,000 |
$1,823,750
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*2 months for assistants if in top 10 of the final BCS poll
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Gary Pinkel Contract
Executive Summary
12/23/07
Other Highlights
Salary pool for Assistant Coaches, Coordinator of On-Campus Recruiting, Assistant Athletic Director for Football Operations and Assistant Athletic Director for Athletic Performance: $2,002,304 (Currently $1,702,304)
Two Year Contracts for Offensive and Defensive Coordinators.
Liquidated Damages:
Coach terminates agreement: (Payable to University)
| In 2008 |
$1,000,000
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| In 2009 | $ 750,000
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| In 2010 | $ 500,000
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| In 2011 | $ 250,000
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| Prior to end of 2012 season |
$ 250,000
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If team has finished in the top half of the Big 12 in the most recently completed season and the overall guaranteed compensation of coach is not in the top six of the Big 12 the above numbers shall be reduced by 50%.
University terminates agreement: Most recent annual base salary (currently $280,000) times the remaining years (or portion thereof) left on the contract.
