Rich Rodriguez Signs His Contract

By · Tuesday, October 28, 2008 · 1:42 AM |  Share | 1 Comment 

Rich Rodriguez signed his contract last Friday, and the Ann Arbor News has a copy of it. It isn’t unusual for college coaches to take a long time to sign their contracts, so the fact that it took Rodriguez around 10 months to do so really doesn’t mean anything. I am glad he finally did sign it, as that is one less distraction for Rodriguez and the football program as a whole.

Below is a rundown of anything worth noting from the contract.

  • The contract lasts six years.
  • A normal contract year begins on January 1 and ends on December 31. The first contract year goes from December 19 of last year to December 31, 2008.
  • Rodriguez’s base salary for the first contract year is $300,000.
  • “Additional compensation” will be paid annually to Rodriguez in the amount of $1,650,000.
  • If Michigan goes to a non-New Year’s Day bowl game, Rodriguez will receive a $50,000 bonus. If Michigan goes to a New Year’s Day non-BCS bowl, Rodriguez will get $100,000. Finally, if Michigan goes to a BCS game, Rodriguez will be paid a $200,000 bonus.
  • If Michigan wins the BCS National Championship Game, Rodriguez would receive an additional $300,000.
  • Michigan’s $2.5 million payment to West Virginia for part of Rodriguez’s buyout will be taxed. It doesn’t appear that it has been determined if Michigan or Rodriguez will pay the taxes.
  • Rodriguez and his family get to use two cars as part of the athletic department’s “dealer provided automobile program.”
  • Michigan is responsible for paying Rodriguez’s moving expenses.
  • Rodriguez will get $550,000 in deferred income each year. He will get that money when he is no longer the head coach.
  • Rodriguez will get a private viewing box in 2010 in the new press box area.
  • If Michigan were to terminate Rodriguez without cause in the first three years of his contract, he would receive $4 million. If he was fired in the fourth or fifth year of his contract, he would get $2.5 million. Finally, if he was fired in the sixth and final year of his contract, he would get $1.5 million.
  • If Rodriguez terminated his contract, he would be responsible for paying Michigan the same amounts listed above.
  • $1,950,000 can be used to pay nine assistant coaches and the strength and conditioning coach.
  • The assistant coach, offensive coordinator, and defensive coordinator will be offered only one-year contracts.
  • Rodriguez and Bill Martin have “joint responsibility” in scheduling games, though Martin has the final say.
  • Mary Sue Coleman, Bill Martin, and Rich Rodriguez all signed the contract.

Comments are closed.

  • Archives

  • Categories