First Meeting Of Autonomous Voting Members Set ACC Schools Try New Strategies To Fill Seats Williams To Head UM's Athletic Fundraising CFP Committee Stands By Pat Haden Rutgers Removing Rice From In-Game Video Cincinnati's AD Eyes Good Attendance At PBS Haden Roundly Criticized For Sideline Incident Florida Making Efforts To Be More Fan Friendly NCAA Files Motion In Response To O'Bannon Ruling Texas A&M Not Selling Specific Player Jerseys
Upcoming Conferences and Events
SBD/June 4, 2014/Colleges
Saban's Contract Extension Bumps Annual Compensation To $6.9M, With No Exit Penalty
Published June 4, 2014
WAHOO'S THE BOSS? In Virginia, Norm Wood reports Virginia's men's basketball coach Tony Bennett yesterday "got his reward" for leading the team to its deepest run in the NCAA tournament in 19 years, with a new seven-year contract worth $1.924M annually. Bennett, who earned $1.7M in "annual base salary and supplemental income with his old contract," is now under contract through the '20-21 season. The deal includes "longevity bonuses" of $1M if he is still UVA's coach on March 15, 2019, and an additional $400,000 if he is still with the school on March 15, 2021. If Bennett "resigns or otherwise terminates his employment" at UVA before the conclusion of the contract, he will "owe the school" $1.4M -- an amount that will be reduced by $200,000 for each full year of employment between May 1, 2014, and April 30, 2017 (Hampton Roads DAILY PRESS, 6/4).