Chad Morris was hired in early December and has already gone through his spring practice at Arkansas but just signed that big new contract with the school this week.
The practice of working for a new program but not formally signing a contract isn’t new (just ask Texas A&M and Jimbo Fisher) but all the parties in Fayetteville finally got pen to paper in recent days to finalize the deal, according to the Arkansas Democrat Gazette. The deal runs through the end of the 2023 season and will pay Morris roughly $3.5 million in base salary with plenty more available for the head coach to collect in bonuses:
Morris will be eligible for up to $1 million in competition-based bonuses and $200,000 in academic-based bonuses each year, and is eligible for three retention payments of $500,000 apiece, contingent that no “significant” NCAA violations have occurred and the program is not on NCAA probation at the time the payments are due in February of 2019, 2021 and 2023.
(AD Hunter) Yurachek said he signed the contract last Friday and it was executed with the signatures of University of Arkansas, Fayetteville chancellor Joseph Steinmetz and UA system president Donald Bobbitt this week.
Thankfully, there’s no complicated buyout structure like there was with former head coach Bret Bielema. If Morris wants to leave for another job, he’d owe $3 million prior to Dec. 31, 2019 and decreasing amounts each year afterward. If he’s fired by the school before the final day of 2022, he will receive 70 percent of his $3.5 million annual salary until the end of 2023. If he is fired on or after Jan. 1, 2023, he will take the full $3.5 million he’s owed.
Funny enough though, according to the Democrat Gazette, his boss still hasn’t signed his own deal with the school despite being formally hired the day before Morris was last December. One down, one to go we guess.