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Unusual contract revision

Discussion in 'Sports and News' started by J Staley, Mar 31, 2011.

  1. J Staley

    J Staley Member

    Being new to the details of college coaches' contracts, I was hoping somebody could lend some perspective.

    New Mexico reworked football coach Mike Locksley's contract so that if he is fired after this season the school owes him $150,000 per year rather than the $365,000 per year under the initial deal.

    The new deal also stipulates that Locksley doesn't have a buyout if he decides to leave early. And the coach will get a $50,000 bonus if UNM musters six wins (very unlikely).

    I've never seen a contract re-worked in this way. I know some coaches have had base pay lowered as a punishment, but I never heard of something like there where both parties basically foster a split.
  2. DanOregon

    DanOregon Well-Known Member

    There might have been some money moved around to bring in better assistants - but yeah, it sounds like a post-nup.
  3. dooley_womack1

    dooley_womack1 Well-Known Member

    Why he isn't long gone is mystifying
  4. Matt Stephens

    Matt Stephens Well-Known Member

    He realizes he's the worst college coach in America and is making his contract say so. Also, gotta give the university a little money back for punching an assistant coach.
  5. Mark2010

    Mark2010 Active Member

    University can't afford to buy him out??
  6. Matt Stephens

    Matt Stephens Well-Known Member

    They were looking for a reason to fire him for a while ... if assaulting an assistant isn't a reason to axe someone, I don't know what is.
  7. terrier

    terrier Well-Known Member

    Sounds like he's looking for another job. As Keith Richards would say, he's gonna walk before they make him run.
  8. tapintoamerica

    tapintoamerica Well-Known Member

    I believe Virginia and Pete Gillen came to this arrangement before what became Gillen's final year. The school was about to whack him and pay him the full amount. He suggested a compromise: If you keep me for another year, I'll forfeit my rights to some of the settlement money.
  9. DanOregon

    DanOregon Well-Known Member

    This might be one case of a coach's shaky status of helping with recruiting.
  10. Matt Stephens

    Matt Stephens Well-Known Member

  11. Jake_Taylor

    Jake_Taylor Well-Known Member

    Speaking of unusual contracts, I saw something around the time that Pat Knight was fired that his contract stated he'd be paid the median salary among Big 12 coaches. Maybe that's more common than I think, but I thought it was interesting.
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