HOLTZ EVERYTHING: NEW GAMECOCKS COACH IS GUARANTEED $600K
December 16, 1998
Terms of Lou Holtz's new contract at the Univ. of SC
(USC) "guarantees him at least" $600,000 annually, which
includes a base salary of $150,000, an additional $350,000
from his radio and TV shows and "at least" $100,000 from his
shoe contract, according to Bob Lang of the CHARLESTON POST
& COURIER. Holtz will also receive the use of two cars and
memberships to a number of clubs, including the University
Club Golf Course. The USC athletic department will also pay
the premiums for Holtz on a $600,000 life insurance policy
and a $97,500 disability policy. The coach will also earn a
bonus of $25,000 if the team goes to a bowl game, $50,000
for an SEC Championship and $75,000 for a national
championship. The contract, which expires on December 31,
2003, allows either side to terminate the deal "at any time,
with or without cause" (CHARLESTON POST & COURIER, 12/15).