When Bud Foster announced he was passing on a job offer from Georgia and would be staying at Virginia Tech, the school announced that, as part of an incentive for him to remain as the Hokies’ defensive coordinator, deferred compensation had been added to his current contract.
The amount, the school said, would be announced at a later date. Today, as it happens, is that later date.
According to the school, Foster will receive $800,000 if he remains employed at Tech through the 2014 season.
One stipulation of the compensation is that, should Foster leave prior to the end of the 2014 season, he would not receive any part of this deferred package.
The only other qualification to the 2014 date is that in the event Frank Beamer resigns or does not continue in his position as head football coach, Foster will receive the deferred compensation with the effective date of Beamer’s departure.
Good for him. Not a bad deal at all. That guy has produced some serious talent over the years.
Bud Foster is never going to leave Tech. He just likes to hear his name being mentioned for jobs…then teases the media with his “interest”, then stays. Happens every year.