The Univeristy of Cincinnati finalized the deal with head football coach Brian Kelly on Tuesday, agreeing to a five-year extension. The new deal runs through December 31, 2012. With incentives, Kelly's new deal could have the coach making as much as $2 million per season.
Kelly led the Bearcats to their first 10-win season in nearly 60 years and the school finished in the final top 25 rankings for the first time ever. The success has the appoval rating for UC football at an All-time high and has led to Kelly being a very rich man.
Here's a detailed breakdown of the deal:
BASE SALARY: $300,000 (will be reviewed at least annually)
RADIO AND TELEVISION: $400,000
PUBLICE RELATIONS: $300,000
SPORTS CAMP: $100,000
SHOE AND APPAREL CONTRACT: $100,000
*Includes use of automobile and golf club membership; $1.2 million base will increase $50,000 (Jan 1, 2010 and every season after)
Top 25 Finish (AP and/or Coaches Poll): $50,000
Victory over top 25 team: $10,00 per win
Appearance in BCS Bowl Game: $100,000
Appearance in any other Bowl: $40,000
Big East Regular Season Championship: $50,000
Big East Coach of the Year: $20,000
National (AFCA) Coach of the Year: $50,000
Seven wins: $5,000 ($3,000 per win after that)
*$20,000 possible - 12 wins
Team GPA exceeds 2.75: $5,000
Team GPA exceeds 3.0: $10,000
Graduation Rate (each academic year): 75% based in four years from initial enrollment of the current class: $100,000
Academic Progress Rate (exceed the standard set by NCAA): $10,000 after first four years (must be exceeded after that)
Over 15,000: $12,500
BOWL, FAMILY TRIP ALLOWANCE
The University will make available to Kelly in each year of the term of the contract a budget of $25,000 and 200 bowl tickets to any bowl in which the university participates.
TERMINATION WITHOUT CAUSE
Before Dec. 31, 2008: $2,000,000
Before Dec. 31, 2009: $1,500,000
Before Dec. 31, 2010: $1,250,000
Before Dec. 31, 2011: $750,000
On or after Dec 31, 2011: $500,00
IF KELLY LEAVES FOR ANOTHER SCHOOL OR NFL, HE PAYS
Before Jan 15, 2009: $2,000,000
Before Jan 15, 2010: $1,000,000
Before Jan 15, 2011: $750,000
Before Jan 15, 2012: $500,000
On or after Jan 15, 2012: $250,000
The University agrees to "use its best efforts" to build or acquire two practice fields on campus by Sept. 1, 2009, and an indoor facility, which shall be understood to include a bubble over Nippert Stadium or some other campus facility by Dec. 1, 2009, or by the conclusion of the last home game of the season, whichever occurs later. If the deadline is missed, the buyout payment for Kelly taking another job will be reduced by half until the Jan. 15, 2010, or the date on which the two practice fields and indoor facility become available.
This definitely puts the pressure on UC to get the job done, but still shows the University of Cincinnati and its president, Nancy Zimpher, are committed to athletic success, when acheived in a manner that sheds good light on the rest of the university. This is a huge win for everyone involved!