by Chris Bahn
Posted 10/2/2012 11:06 am
Updated 2 years ago
Gus Malzahn’s contract with Arkansas State includes buyouts ranging from $50,000 to $2.45 million, depending on who terminates the contract and how many years remain on the deal.
Per his recently completed contract, leaving for another opportunity after this season would cost Malzahn $700,000. His buyout — payable within 10 days to Red Wolf Club, Inc. — drops to $350,000 after year two, then falls from $200,000 to $100,000 to $50,000 in the final year.
Malzahn, who recently signed the five-year deal reported to pay in the neighborhood of $850,000 annually, would be owed $2.45 million if terminated without cause before Jan. 31, 2013. ASU’s payout to cut ties with Malzahn drops to $1.96 million after the second year, $1.47 million in year three, $980,000 in year four and $490,000 in the fifth year.
Also of note in the contract:
- Malzahn can seek outside sources of income, including commercial endorsements, speeches and camps/clinics. He is required to get university approval in writing from the chancellor and Malzahn is also entitled to profit from his coach’s TV and radio shows.
- Other perks of Malzahn’s contract include a home on RidgePointe golf course (which he must furnish himself), up to 30 tickets for home football games, six tickets to the athletic directors end zone suite and four seats on all plane trips taken by ASU football.
- Malzahn can earn up to $125,000 in bonuses with a BCS title. A Sun Belt Championship and bowl appearance could pay $50,000 and making a bowl without a league title would net $25,000. Winning the Sun Belt Coach of the Year would pay $10,000 and a national coach of the year award would earn Malzahn $25,000, though bonuses are non-cumulative and “will only be paid if employee is still employed by the University at the time the event occurs.”
Arkansas State (2-3, 0-1) faces Florida International (1-4, 0-1) on Saturday.
To read Malzahn's full contract, click here.