Join Date: Jan 2010
Section: Fort Kickass
Re: Sumlin agrees to 6 year deal with TAMU
Details of his contract from ESPN:
A copy of the new contract was obtained by ESPN.com on Monday via an open records request. Here is a summary of the notable details:
• Sumlin signed the deal on Thursday.
• The new contract goes into effect on Jan. 1, 2014 and ends on Dec. 31, 2019.
• Salary is $5 million annually (up from $3.1 million in the contract he signed in January after the 2012 season).
• If Sumlin leaves before the end of the 2016 season (including any bowl game), he owes Texas A&M $5 million. After the 2016 season, there is no buyout on Sumlin's end.
• If Texas A&M terminates the contract at any time prior to the end date, it owes Sumlin whatever salary remains from the termination date to the end of the contract. Both Sumlin's and the school's buyout must be paid within 60 days of the termination date.
• The assistant coach salary pool remains the same as it was in his January contract: $3.4 million. The contract states that Sumlin and athletic director Eric Hyman will meet annually to mutually determine the salary pool and that the pool will be set at a level that can keep the Aggies competitive "with all the other top-tier SEC football programs."
• Sumlin's bowl game and championship game bonuses remain the same as they were in the deal he signed in January. He gets $100,000 for making the SEC championship game or $150,000 if the Aggies win the game.
• A bowl game appearance equates to a $50,000 bonus. If it's the AT&T Cotton Bowl, Capital One Bowl, Chick-Fil-A Bowl or the Outback Bowl, the bonus is $100,000. A BCS bowl appearance is $250,000 or $300,000 for a win.
• Appearance in the national championship game gets Sumlin $300,000. If the Aggies win the national championship, the bonus is $400,000.
• His bonus structure relating to the new College Football Playoff is essentially to be determined. The contract states that the parties "agree to negotiate in good faith with respect to a reasonable bonus structure" and that it will be "at least commensurate with other similarly situated programs for such a restructured BCS or such playoffs." This clause was in Sumlin's previous deal.
• Sumlin gets $50,000 for winning the SEC coach of the year honors and $75,000 if he's named national coach of the year by the American Football Coaches Association or the Associated Press. That's also consistent with his previous deal.
• The APR bonuses remain the same. An APR between 950-964 results in a $50,000 bonus, an APR of 965-974 means a $75,000 bonus and an APR of 975 or higher means a $100,000 bonus (about a third of each of those bonuses will be allocated to staff members with the rest going to Sumlin).
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