Ever wonder how coach contracts are structured? SFN tries to put the pieces of the puzzle together.
Herb Sendek’s NC State Contract
$125,000 University pay
$575,000 Capitol/Wolfpack Sports Marketing
$0 Wolfpack Club
$780,000 per year
Roy Williams’ UNC Contract
$260,000 University pay
$347,000 Learfield/Tar Heel Sports Marketing
$25,000 expense account
$780,000 Rams Club (not guaranteed)
$1,912,300 per year
Matt Doherty’s UNC Contract
$145,000 University pay
$185,000 Learfield/Tar Heel Sports Marketing
$25,000 expense account
$0 Rams Club
$830,000 per year
from the N&O archive
Here’s how the deal breaks down:
Williams, 53, will be paid $260,000 annually, plus an annual expense account of $25,000, paid by the UNC athletics department.
He will earn $347,300 annually from Learfield Communications Inc. for multi-media responsibilities, including television and radio shows. He will continue to receive $500,000 annually from Nike (in a contract separate from the shoe company’s deal with UNC). Williams’ Nike contract, negotiated while he was at the University of Kansas, moved to UNC with him with the permission of Nike and Kansas.
UNC also agreed to provide Williams a supplemental compensation package worth about $3.9 million spread over five years.
Baddour said that money comes from funds specifically donated by alumni and other supporters for Williams’ financial package and is not guaranteed.
The contract also includes bonus provisions if Williams’ teams reach the NCAA Tournament, reach the final eight in the tournament and graduate at a rate that equals that of the student body. For each accomplishment, he would receive a bonus month of pay, about $21,000. Women’s basketball coach Sylvia Hatchell and football coach John Bunting have similar bonus stipulations, Baddour said.
“I didn’t have very many doubts that we could get it done,” Williams said Friday night at the “Late Night with Roy Williams” midnight madness celebration at UNC. “I’ve lost sleep over a lot of things lately, but that wasn’t one of them.”
Williams’ contract could not be finalized until the university system’s Board of Governors allowed an exemption from certain guidelines, adopted after former UNC football coach Dick Crum and former N.C. State basketball coach Jim Valvano were given buyouts totaling more than $1.4 million.
Former UNC system President William Friday decried the deal. He said it runs counter to recommendations of the Knight Commission on college sports, of which Friday is co-chair, to try to stem the tide of rising coaches salaries.
“Recently we were told that the university had failed to retain bright and talented faculty members in over 50 of the 76 competitive offers received to date because no funds were available to meet these challenges,” he said. “In these salary negotiations, a special fund of $3.8 million has been raised to meet the competition. Hopefully, a renewed effort, a very strong effort, will be made to stop these serious losses of faculty talent the university is now experiencing.”
UNC Chancellor James Moeser e-mailed a message to faculty and staff leaders, acknowledging sensitivity to the contrast between Williams’ package and faculty and staff pay.
“The financial health of our comprehensive program depends upon a stable, successful basketball program, and we’re completely confident in Roy Williams’ ability to take the program there,” Moeser wrote.
“Coming from an arts and humanities background myself, I know it can be difficult to understand the complexities of the marketplace. We see those differences among our own campus units. This contract reflects the marketplace for the nation’s best basketball coaches.”
Matt Doherty, who had a six-year contract that paid him a total of $855,000 annually. Doherty’s contract included a base salary of about $145,000 annually, a $25,000 expense account, $500,000 annually from Nike, and about $185,000 a year from Learfield Inc., the multimedia company with which the university contracts.