Alabama Football Program Nets $47M-Plus Profit Texas A&M Athletic Department Makes $57.2M In '15-16 N.C. Still In Limbo As ACC Championship Host Site Washington State Athletic Deficit Shrinking LSU Athletics Turns $12M Profit In '15-16 Sources: BC Wasn't Going To Renew Bates' Contract Kentucky Increases Price For Football Season Tickets Florida AD Stricklin Puts Twitter To Good Use Schools Increasingly Rely On Private Plane Use Boston College AD Bates Resigns To Take CSA Job
DREXLER'S DEAL INCLUDES PERFORMANCE CLAUSE FOR STUDENTS
Published May 12, 1998
A clause in new men's basketball coach Clyde Drexler's contract with the University of Houston that calls for him to be paid $10,000 for "certain national TV appearances by the Cougars" is "one of several unusual facets" of his deal, according to Danny Robbins of the HOUSTON CHRONICLE. Under terms of the pact, Drexler will receive $250,000 a year in guaranteed income -- his base salary of $150,000 plus $100,000 from a summer camp and radio/TV shows. But his contract "also contains several atypical elements," including a $10,000 payment each time the Cougars appear on CBS more than once in a season. In addition, Drexler will be supplemented if UH averages more than 6,000 per game in paid attendance, receiving 20% of "a figure computed by multiplying the average number of tickets above 6,000 by the average ticket price." Also, Drexler will be paid $20,000 if his program has a graduation rate of "at least" 60% over a two-year period, and $10,000 if his team wins the Conference USA tournament "while posting" a GPA of 2.5. The contract also states that Drexler, who is 43 hours short of earning his undergraduate degree, must make "reasonable part-time efforts" to earn his diploma beginning with the '99-2000 academic year (HOUSTON CHRONICLE, 5/11).