Discussion in 'The Tiger's Den' started by olVENICEdog, May 3, 2006.
Now they are stuck w/this guy till 2012 bad for them good for us!
Trustees officially approved a new contract for University of Alabama football coach Mike Shula Wednesday morning.
Overall, Shula will make $1.55 million a year, up from $900,000. The raise puts him in the top half of Southeastern Conference head Director of Athletics Mal Moore told the trustee compensation committee in a conference call.
The contract also includes a $200,000 signing bonus, he said.
The six-year contract includes a $2 million buyout if Shula leaves before Jan. 31, 2012, and there is also a deferred compensation of $1.2 million if he finishes the contract.
Shula’s base pay will be $200,000, up from $150,000. His talent fees will bring in $1.35 million, up from $750,000, Moore said.
The most significant change in incentives is a $50,000 bonus to Shula if 85 percent of players graduate within six years.
The contract means Shula is the fifth highest paid coach in the conference just ahead of LSU’s Les Miles, who makes $1.25 million over seven years.
Those paid more than Shula are:
■ After finishing 13-0 in 2004, Auburn coach Tommy Tuberville was given a seven year contract that paid him $2 million last season. The contract automatically increases by $200,000 each season.
■ Phillip Fulmer’s contract at Tennessee pays him $2.05 million a year and runs through Dec. 31, 2011.
■ Georgia’s Mark Richt’s contract runs through Dec. 31, 2013 and pays him $ 2 million annually.
■ The contract Urban Meyer signed to leave Utah for Florida last year was for seven years, $14 million.
show me the money
bama is little more than an ole miss. they are owned by us and auburn and probably wont beat either of us the rest of this decade.
Historically, Bama isn't owned by anyone in the SEC. They own just about everyone.
Would you like to put a small wager on that?
I know everybody reads a lot into a programs history, but I think that is going to mean less and less in the future. Fans now have more of an attitude to just care about the here and now. It doesn't matter that Bama has a better all-time record against LSU when they lose consistently in the past 5 years. Fans will remember recent losses more that 30 year-old wins.
Care to make a large wager on that? :hihi: :rofl:
Coaching contracts seem meaningless to me these days. Either side can get out if they want to. So I don't see Bama screwing up by extending Shula out. Not sure what they saw in him to give him the raise but it must have been for a reason. Maybe he claims to be able to sign the next Brodie Croyle.:yelwink2: