Further Swinney contract details including bonuses


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Further Swinney contract details including bonuses

Here are a few more contract details for the new six-year contract worth $31.75 million for Clemson head coach Dabo Swinney.

Year Base Supplemental Licensing Total

2016 245,000 3,505,000 800,000 4,550,000

*Annual compensation amount shown for 2016 to be adjusted pro-rata for remainder of year

2017 245,000 3,755,000 800,000 4,800,000
2018 245,000 4,005,000 800,000 5,050,000
2019 245,000 4,205,000 800,000 5,250,000
2020 245,000 4,405,000 800,000 5,450,000
2021 245,000 4,605,000 800,000 5,650,000

Performance bonuses

2016 and 2017 seasons only:

Regular Season Wins:
10: $100,000 or 11: $150,000 or 12: $200,000

Highest of USA Today or AP Final Top 25 Polls Finish
Top 5: $200,000 or Top 10: $100,000 or Top 15: $50,000

All seasons:

ACC Championship Game Appearance: $75,000
and
ACC Championship Game Winner: $75,000

--- plus (if applicable) ---

Bowl Appearance (other than College Football Playoff Bowl): $75,000

--- OR ---

College Football playoff Non-Senifinal Appearance: $200,000
and
College Football Playoff Non-Semifinal Victory: $100,000

--- OR ---

College Football Playoff Semifinal Appearance: $400,000
and
College Football Playoff Championship Appearance: $400,000
and
College Football Playoff Champion: $100,000

--- AND ---

National COY Awards (max 3 per year): $50,000ea
and
ACC Sportswriter Coach of the Year Award: $25,000

--- AND ---

APR >= 950: $75,000 (Note: If APR < 950 then no postseason bonuses available to Coach)
or
APR >=: $100,000


----------------
Signing Bonus: $275,000 to be paid to Coach upon approval of Term Sheet
----------------
Fringe Benefits: Standard Univeristy unclassified employee including state retirement benefits; Additional Clemson Athletics employee benefits including health insurance premium provided, life policy provided.
Employer will provide during the term of this agreement a death benefit in the amount of $5M payable to Employee's designated beneficiary. Employer can in its discretion fulfill this obligation via purchase of a term life insurance.
----------------
Automobiles: Two vehicles under dealer program plus insurance and taxes, replaced every 12 months. Or Employee's option of one dealer program vehicle and one monthly stipend of $1,000.
----------------
Tickets: Football: 22-seat suite and 20 tickets to home and away football, 40 tickets to postseason games.
Men's Basketball: 6 tickets to home games
Baseball: 6 tickets to home games
----------------
Termination for Cause: For Cause provisions to be delineated in contract. No buyout, all future payments and benefits forfeited except for vested deferred compensation and vested state retirement, if any.
----------------
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 retain the right to waive or reduce Employee Buyout.
----------------
Outside Income: Activites earn outside income subject to approval by Director of Athletics and must be consistent with NCAA regulations including annual disclosure requirements.
----------------
Other contracts: Employee represents and warrants that he has other obligations or commitments that would interfere or hinder full performance as Head Coach. Employee is responsible for any buyouts or other penalties associated with his/her current employment arrangements, if any.
Employee agrees to cause his licensing company to comply with terms of this agreement.


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