TUBBY'S CONTRACT: THE DETAILS
Gophers men's basketball coach Tubby Smith recently signed his seven-year contract, which was released Tuesday. Here is a look at some of the specifics of the deal: Base salary/supplemental compensation (based on a minimum 5 percent increase each year)
Goes from $1.75 million in 2007 to $1.95 million in;2013, the final year of the contract. Additional retirement $250,000 annually beginning on April 30, 2011 Summer camp money $50,000 annually for summer camps through the first four years of his agreement. Smith can hold up to four weeks of camp per summer, and retain earnings from the camp. Incentives Smith can make almost $1.53 million in incentives annually based on performance and graduation rates. For example, he would get $350,000 total for winning both the Big Ten regular-season and tournament titles. A national championship is worth $975,000. He gets $100,000 if the four-year average of the team's sixth-year graduation rate is 50 percent or better. Buyout The contract includes a golden handcuff provision in which Smith would owe the school if he leaves voluntary. He would owe $3 million if he left before April 30, 2008. The amount decreases over time. Smith would owe no termination fee after May 1, 2010. "Haskins clause" The school can terminate Smith for just cause if it finds him guilty of a serious violation of university/BigTen/NCAA rules without having to wait for the outcome of an NCAA investigation. Other perks Smith gets 30 season tickets for men's basketball, four for women's basketball, eight for football and four for men's hockey
