Nothing of surprise in this article about new NC State Basketball coach, Mark Gottfried’s contract. Nonetheless, there are some interesting data points.
A copy of the coachâ€™s new contract (download PDF), which was approved by N.C. Stateâ€™s Board of Trustees on Friday, shows that Gottfried can earn up to $1 million in bonuses annually. That includes a maximum of $250,000 in bonuses for â€œacademic team achievementâ€ and up to $750,000 for whatâ€™s labeled as â€œcompetitive team achievement.â€
Events that can trigger bonuses on the academic side include:
â€¢ the scholarship athletes on the team posting a cumulative grade point average of 3.0 or greater,
â€¢ the teamâ€™s graduation rate exceeding the national average for basketball and
â€¢ the teamâ€™s academic progress rate exceeding the national average for the sport of menâ€™s basketball.
Gottfried also can earn bonuses on the court for accomplishments such as winning the regular season conference championship and/or the ACC Tournament title, and reaching various rounds of the NCAA Tournament, including winning the national title.
NCSU already had announced that Gottfriedâ€™s deal would pay him more than $1 million annually, including $750,000 in annual salary and $450,000 in supplemental compensation. The deal runs through April 4, 2016, but Gottfried can earn an automatic two-year extension if the team makes it to the Big Dance in the 2011-12 or 2012-13 seasons.
Coach Gottfried’s contract can be seen by clicking here.