Details of Charlie Weis' contract
- Published: Thursday, 15 December 2011 10:26
- by Administrator
Late yesterday Kansas released the details of Charlie Weis' contract.
You might recall that Kansas had to pay Turner Gill a lump sum of $6 million to buy him out of the final three years of his agreement. One might have thought that the Jayhawks would structure Charlie's agreement differently. One would be wrong.
Weis' agreement is $12.5 million over 5 years, fully guaranteed. Unless they fire him "for cause" he will receive at least $12.5 million from the University of Kansas.
In the contract Kansas also agrees to allow Weis at least $2.1 million per year for assistant coaches' salaries.
If Weis leaves for another job before Dec. 31, 2014 he has to pay Kansas $2.5 million. If he leaves during the final two years of his agreement he has to pay Kansas $1.5 million.
As for incentives...
If they win 5 Big 12 games in a season...$50k...for each additional Big 12 win, another $10k.
A bowl game gets him $50k. Winning that game gets him another $25k.
A BCS bowl gets him $100k with a win in that game earning him another $50k.
AP Coach of the Year gets him $75k. Big 12 Coach of the Year gets him $50k.
National Championship game would earn him $200k, winning it would earn him an additional $100k.