Petrino signs on for 10 years, $25 million

Discussion in 'OTHER SPORTS Forum' started by gotlsu, Jul 14, 2006.

  1. gotlsu

    gotlsu Founding Member

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    This is crazy that there paying this guy that much money.
    He's a good coach and all but this is BCS top 5 team money!

    CONTRACT INCLUDES $1 MILLION BUYOUT CLAUSE
    By Russ Brown

    KENTUCKY.COM

    [​IMG]

    U of L football coach Bobby Petrino



    LOUISVILLE — Bobby Petrino stopped short of promising he would retire as the University of Louisville's football coach, but he certainly isn't going anywhere for the foreseeable future.

    The school announced Thursday that Petrino, 45, has agreed to a new 10-year contract extension through the 2015 season worth an estimated $25 million. The deal, which will make Petrino one of the highest-paid college football coaches in the country, was apporved by the U of L Athletic Asociation board of directors Thursday morning.
    Petrino will be paid $1.6 million for the coming season, increasing to $2.6 million at the end of the contract, for an overall base salary of $18.6 million. The new agreement also calls for $5 million in loyalty bonuses spread over the 10 years and performance incentives worth up to nearly $777,000 for the 2006 season, increasing to just over $1 million by the end of the contract.

    http://www.kentucky.com/mld/kentucky/sports/15038199.htm
     
  2. LSUalum24

    LSUalum24 Founding Member

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    From the sounds of it, the only thing he'll leave UL for is the NFL.
     
  3. marcmc99

    marcmc99 Founding Member

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    Did I read this right, a $133,333 bonus just for making a bowl game...in the Big East????:eek:
     
  4. Tygrr

    Tygrr Win the West

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    Personally I think he is BCS material and worthy of that contract, especially considering where Louisville was and where he's taken them. They're now a perennial top 25 and sure to be competing for a NC in the near future.
     
  5. ScottyB28

    ScottyB28 Founding Member

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    He's probably worth it. Didn't we want him at one time?
     
  6. Tygrr

    Tygrr Win the West

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    Yes, he was one of the candidates to replace Saban. He declined.
     
  7. CParso

    CParso Founding Member

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    Not exactly. We showed initial interest, but chose to go another route - he "declined" to save face.
     
  8. clair

    clair Rockets

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    over/under as 10 being the number of times he is interviewed for another job during this span?

    I say way under in 3, b/c I think he'll eventually go somewhere else after the 3rd offer
     
  9. kcal

    kcal Founding Member

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    beaten 1 top 25 team (boise state)..... inherited a pretty solid program from john l smith, who accepted the michigan state job on a cell phone call on the sideline of the gmac bowl. the ad at louisville tom jurich is very forward thinking, brought in pitino in basketball and petrino who has position coach expierence in the nfl. jurich may be responding to overtures from the raiders as well as the infamous plane ride the ad from aubarn made to louisville to recruit petrino when they wanted to replace tubs.
     
  10. SabanFan

    SabanFan The voice of reason

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    Schnellenberger and Smith took them there. Petrino has to keep them there.
     

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