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).