Buyout terms of Swinney's new contract

by -

CLEMSON - Clemson head coach Dabo Swinney's new contract was approved by the university's Board of Trustees Tuesday morning, and TigerNet received a copy of the buyout terms.

*University Buyout: At election of University, either (a) regular payment schedule over remaining term of contract, (b) payment within 90 days, in the amount based on the year of termination per schedule as follows. No mitigation required by Coach.

2016: $20,000,000
2017: $20,000,000
2018: $18,000,000
2019: $14,000,000
2020: $9,000,000
2021: $5,000,000
Employee Buyout: Notify Director of Athletics prior to discussion to other employment.

Should Employee terminate early to accept another head coaching position or a similar collegiate athletics position, amount owed to University would be in the lump sum payment within 90 days based on the year of termination per schedule as follows:
2016: $6,000,000
2017: $5,000,000
2018: $4,000,000
2019: $3,000,000
2020: $2,000,000
2021: $1,000,000

No amount owed if Coach leaves for NFL Head Coach Position

Note: Athletic Director retains the right to waive or reduce Employee Buyout.

Send Feedback to TigerNet Staff: Email | Comment
Post your comments!

Steve Spurrier says Clemson should be ranked No. 1 ahead of Alabama

Clemson DE out for the season

Former Clemson OL Hairston out for season

Rudolph out for the season, Swinney looks for freshmen to step up

Clemson offers 2018 Auburn WR commit

WATCH: Swinney talks injuries, more after Wednesday practice

Venables says Saturday sets up to be a bloody nose kind of day

Photos: Clemson vs. Louisville - 2

Herbstreit: 'Frightening' defense has Clemson as Playoff favorite
Sign Up for E-Mail News Alerts
Daily Digest