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HOG HEAVEN: RICHARDSON'S DEAL HAS NO GRADUATION CLAUSE
Published October 17, 2000
AR Univ. (AR) men's basketball coach Nolan Richardson's seven-year contract extension through 2007 "guarantees" him an annual package of $1.03M, according to Bob Holt of the ARKANSAS DEMOCRAT-GAZETTE. The entire package includes salary, compensation from AR's apparel and shoe contract with Reebok, compensation for TV and radio shows, medical and insurance benefits, a housing allowance, an automobile, country club memberships and speaking engagements on the behalf of the Razorback Foundation. The deal also includes "guaranteed" compensation for apparel and shoe contracts for Richardson through AR's Reebok deal, rather than Richardson making his own deal. AR's agreement with Reebok ends August 1, 2001, but the compensation for Richardson "remains intact" from AR for the length of his deal. Richardson's agent, Kevin Scanlon, noted that the annual package does not include $35,000 paid by the Razorback Foundation into a deferred compensation plan each year, money Richardson earns from his summer camps, bonuses for postseason appearances or speaking engagements. The deal also does not have "specific requirements" for graduation rates of Richardson's players (ARKANSAS DEMOCRAT-GAZETTE, 10/13).