Upon being relieved of his duties as Cal’s head football coach in November, Jeff Tedford‘s buyout stated that the coach would receive $6.9 million over three years minus a collegiate/NFL coaching salary.
That number’s going to be a little bit lower. Cal reached a settlement with Tedford on Monday that will pay him up to $5.5 million over those three years, which breaks down to $1.8 million in 2013 and 2014, and $1.95 million in 2015. Tedford was originally guaranteed $2.3 million annually for the remaining life of his deal with the university.
Though the amount of the settlement is $1.4 million lower, it will allow Tedford to keep a larger share of any salary he earns over the next three years as either a head coach or assistant at the college or pro level. Additionally, Tedford and the university agreed to evenly split any amounts in a future salary above $1.5 million.
Tedford went 82-57 in 11 seasons as the Bears’ head coach. He was succeeded by Louisiana Tech coach Sonny Dykes.
(Hat tip: AP)
One day after it was revealed its head coach was the second-lowest paid in college football, Appalachian State announced a five-year contract extension for head coach Scott Satterfield.
“We have the right coach leading our football program in Scott Satterfield,” Appalachian State AD Doug Gillin said in a statement. “In nearly three years as head coach, he has stayed true to his convictions, built the program the right way and set Appalachian State football up for sustainable success both in the Sun Belt Conference and at the national level.”
Satterfield had earned $375,000 annually, ahead of only Louisiana-Monroe’s Todd Berry at $360,000 a year.
Satterfield, 42, is 14-14 in his third season at the Boone, N.C., school. He led the Mountaineers to a 7-5 mark in their debut Sun Belt season, and has the club at 3-1 to start the 2015 campaign.
“It’s exciting for my family and me to know that we’re going to be at Appalachian for the foreseeable future,” Satterfield added. “I’m living a dream by being the head coach at my alma mater and can’t wait to continue to work hard to help this program reach heights that it has never reached before.”
What has long been rumored became fact Friday, as Wisconsin announced a 10-year agreement with Under Armour.
“I am absolutely thrilled about our new partnership with Under Armour,” AD Barry Alvarez said in a statement. “Kevin Plank and his team have established a brand that fits perfectly with the Wisconsin athletics story and culture. Our primary focus at Wisconsin is, of course, our student-athletes, and Under Armour’s passion and commitment to high quality and innovation will benefit our student-athletes for years to come. Our entire department is looking forward to a long and mutually productive relationship with the Under Armour team.”
The new deal will pay the Badgers a total of $7 million in cash and product in 2015-16 and is valued at $96 million over the life of the contract, good for second in the Big Ten, trailing only Nike’s new contract with Michigan.
Hidden within the contract are two nuggets that UA offered to sway the Badgers away from Adidas, from the Portland Business Journal:
Wisconsin will get as much as $500,000 from Under Armour to “rebrand” athletic facilities. It’ll get $150,000 to build out an Under Armour retail space in a campus gift shop called Bucky’s Locker Room. It also gets two summer internships for students at Under Armour’s Baltimore headquarters.
“The University of Wisconsin is an institution built on the highest values of academic excellence, and we are extremely proud to be teaming up with one of the most vibrant, distinctive and successful athletic programs in the country to help elevate the performance of all Badgers with innovative footwear and apparel,” added Plank.
Wisconsin’s departure continues to weaken the stronghold Adidas had built in the Midwest after losing Michigan to Nike and Notre Dame to Under Armour in recent years (the company still owns apparel rights for Indiana and Nebraska). The Badgers are now the 41st Division I athletics department and 17th FBS program to join UA.