A contract we'd all like to have
- Published: Friday, 07 October 2011 00:06
- by Administrator
Steve Berkowitz of USA Today wrote an interesting article today on the contract of Louisville's athletic director Tom Jurich.
Berkowitz labels Jurich's contract, "unquestionably one of the most attractive in college sports".
Jurich's agreement runs through July 2023. Base salary of $500,000. $300,000 per year in "deferred income". Performance bonuses worth a maximum of $644,000 per year. "A page long list of financial costs the university agrees to absorb...".
That alone would be a lot.
But, Jurich also has a separate agreement with the University of Louisville Foundation for fundraising services. That pays him more than $260,000 in base salary and guarantees that he will earn $300,000 of the $644,000 possible bonus available under his contract with the university.
Jurich is 55. If he's still with the university at the end of June 2016, he will have vested in a plan which will pay him an additional $180,000 per year for 10 years.
He gets 8 "priority 1" tickets to football and basketball games for as long as he, his wife or any of his four children live.
On a completely unrelated note, we're hearing the football staff is "adjusting" some roles on the offensive side of the ball. Doesn't sound like a good situation.