by Chris Bahn on Thursday, May. 19, 2011 3:11 pm
Arkansas released Bobby Petrino's employment agreement on Thursday. It runs through 2017. (Photo by Mark Wagner)
This story is from the archives of ArkansasSports360.com.
Arkansas and Coach Bobby Petrino agreed to terms of a new contract in December. Petrino’s full employment agreement — all 45 pages of it — was released on Thursday.
Many details included in the contract echo what we knew in December:
*Petrino will make an average of $3.56 million per season between now and 2017.
*Petrino gets $500,000 just for signing the contract. And he stands to make longevity bonuses for making it through the length of his contract.
*Buyouts are $18 million, $18 million, $17.95 million, $14.525 million, $10.825 million, $7.375 million and $3.925 million. And there’s also a no-compete clause where Petrino has agreed not to seek employment at any other SEC school.
A few deatils worth noting:
*Petrino will get $35,000 annually from Arkansas for the purchase of life/disability insurance. Should anything happen to Petrino to prevent him from working (serious injury, death) insurance would help cover the loss of salary.
*Incentive payments have increased in a few areas. Those are detailed below:
Increase From Previous Deal
Win/Tie SEC West
Arkansas Business Staff
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