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re: Musselman extension done and signed: 5 years 20M
Posted on 4/14/21 at 2:28 pm to UltimateHog
Posted on 4/14/21 at 2:28 pm to UltimateHog
quote:
The University of Arkansas announced Wednesday a contract extension for basketball coach Eric Musselman through at least the 2025-26 season.
Musselman will be paid $4 million per year and can earn $100,000 annual pay raises for up to six appearances in the NCAA Tournament.
The contract also includes up to $800,000 in annual incentives — including $500,000 for winning the national championship, and $100,000 for an SEC regular-season or tournament championship — and the option to extend the contract by one season apiece for the Razorbacks' next two NCAA Tournament appearances.
Musselman will be paid a one-time retention payment of $1.5 million if he is still Arkansas’ coach on April 30, 2026, as long as no major NCAA violations have occurred and the program is not on NCAA probation.
The UA would owe Musselman 70% of his remaining salary if he is fired for convenience during the term.
Musselman would owe the UA a $7.5 million payment if he took another job before the end of the 2021-22 season. That buyout falls to $2 million through the 2023-24 season; $1 million through the 2024-25 season; and $750,000 through the end of the contract, including any seasons earned as extensions past 2025-26.
Musselman would not owe a buyout if he accepts a job at his alma mater, the University of San Diego after April 2024.
This post was edited on 4/14/21 at 2:33 pm
3
Posted on 4/14/21 at 2:32 pm to UltimateHog
That is pretty legit.
Me Likey.
Me Likey.
Posted on 4/14/21 at 2:34 pm to UltimateHog
quote:
Musselman would owe the UA a $7.5 million payment if he took another job before the end of the 2021-22 season. That buyout falls to $2 million through the 2023-24 season; $1 million through the 2024-25 season
Not bad, would take a lot of money to pull him away when you included giving him a raise plus paying the buyout.
quote:
Musselman would not owe a buyout if he accepts a job at his alma mater, the University of San Diego after April 2024.
Interesting, I could see him returning "home" when he gets older. It will have to be at a point in which he accepts a national championship isn't possible though.
Posted on 4/14/21 at 3:27 pm to UltimateHog
quote:
Musselman will be paid a one-time retention payment of $1.5 million if he is still Arkansas’ coach on April 30, 2026, as long as no major NCAA violations have occurred and the program is not on NCAA probation.
Love this clause.
quote:
Musselman would not owe a buyout if he accepts a job at his alma mater, the University of San Diego after April 2024.
He's definitely retiring here. I'll be an sdsu fan if he does as well.
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