Tweet
First....start with the couple million that had to be paid to Kelvin Sampson just to find out that they wanted to axe him,
then there is the $750,000 (allegedly put up in large part by John Cougar Mellencamp) buyout that prevents Sampson from suing for even more money.
then there is the new contract with Crean, $18.24 million for 8 years!
How many coaches get new jobs that are guaranteed for 8 years?
Lastly, IU has to pay yet another $650,000 to buy out Crean's contract at Marquette.
IU also will pay Crean additional bonuses for performances....
Here is the additional pay Tom Crean will get in any given year under these circumstances....
Big Ten regular season title: $125,000
Big Ten tournament title: $50,000
Advance to NCAA tourney: $25,000
Advance to second round: $25,000
Advance to Sweet 16: $35,000
Advance to Elite Eight: $50,000
Advance to Final Four: $125,000
Win national championship: $250,000
If the team met all of them in one season, he would get $685,000 above his contracted salary, meaning if he does them all each of his eight years under contract, IU would pay $18.24 million plus $5.48 million, or a total of $23.72 million over eight years (almost exactly $3 million per year)!
But don't worry, he might even make more marketing videos, books, and getting paid for speaking fees.
then there is the $750,000 (allegedly put up in large part by John Cougar Mellencamp) buyout that prevents Sampson from suing for even more money.
then there is the new contract with Crean, $18.24 million for 8 years!
How many coaches get new jobs that are guaranteed for 8 years?
Lastly, IU has to pay yet another $650,000 to buy out Crean's contract at Marquette.
IU also will pay Crean additional bonuses for performances....
Here is the additional pay Tom Crean will get in any given year under these circumstances....
Big Ten regular season title: $125,000
Big Ten tournament title: $50,000
Advance to NCAA tourney: $25,000
Advance to second round: $25,000
Advance to Sweet 16: $35,000
Advance to Elite Eight: $50,000
Advance to Final Four: $125,000
Win national championship: $250,000
If the team met all of them in one season, he would get $685,000 above his contracted salary, meaning if he does them all each of his eight years under contract, IU would pay $18.24 million plus $5.48 million, or a total of $23.72 million over eight years (almost exactly $3 million per year)!
But don't worry, he might even make more marketing videos, books, and getting paid for speaking fees.
Comment