Clemson University showed Dabo Swinney the money Tuesday morning approving a new six year contract that will make him one of the nation’s top ten highest paid football coaches and the second highest paid coach in the ACC behind Florida State’s Jimbo Fisher.
The contract will average $5.125 million dollars per season in total compensation. Here’s the annual breakdown:
2016 (base salary) $245,000, (supplemental) $3,505,000, (licensing) $800,000, (total compensation) $4,550,000
*Annual compensation amount shown for 2016 to be adjusted pro-rata for remainder of year.
2017 $245,000, $3,755,000, $800,000, $4,800,000
2018 $245,000, $4,005,000, $800,000, $5,050,000
2019 $245,000, $4,205,000, $800,000, $5,250,000
2020 $245,000, $4,405,000, $800,000, $5,450,000
2021 $245,000, $4,605,000, $800,000, $5,650,000
“I’m excited and thankful for the opportunity to do what I love at such a great institution,” Swinney said. “We’ve built a solid foundation of success and will continue to work toward our goals of preparing young men for their future and being successful in everything we do.”
Swinney has built Clemson into a national power reaching the national championship game last season. The Tigers, led by Heisman Trophy favorite Deshaun Watson, will be a favorite to play for the title again this season.
Swinney is 75-27 as Clemson’s head coach with two ACC Championships to his credit. The Tigers have won at least ten games in each of the last five seasons.
“This new contract was important for us not only for what Dabo has accomplished in his eight seasons here but for what we know the program will continue to achieve – both on and off the field – for the foreseeable future,” Director of Athletics Dan Radakovich said.
Dan Radakovich talks about Swinney’s new contract
Here are more of the terms from Swinney’s new contract:
Upon active employment at University, Employee shall receive the following (paid within 15 days of date listed):
January 1, 2019: $600,000
January 1, 2021: $400,000
Signing Bonus $275,000 to be paid to Coach upon approval of Term Sheet
Performance Incentives (for 2016 & 2017 seasons)
Regular Season Wins:
10: $100,000 or 11: $150,000 or 12: $200, 000
Highest of USA Today or AP Final Top 25 Poll Finish:
Top 5: $200,000 or Top 10: $100,000 or Top 15: $50,000
Incentives for the life of the contract:
ACC Championship Game Appearance: $75,000 and ACC Championship Game Winner: $75,000
—– PLUS (if applicable) —–
Bowl Appearance (other than College Football Playoff Bowl): $75,000 or
College Football Playoff Non-Semifinal Appearance: $200,000 and
College Football Playoff Non-Semifinal Victory: $100,000 or
College Football Playoff Semifinal Appearance: $400,000 and
College Football Playoff Championship Appearance: $400,000 and
College Football Playoff Champion: $100,000 and
National COY Awards (max 3 per year): $50,000ea and
ACC Sportswriter Coach of the Year Award: $25,000 and
APR > 950: $75,000 (Note: If APR < 950, then no postseason bonuses available to Coach) or
APR > 975: $100,000
Termination for Cause:
No buyout, all future payments and benefits forfeited except for vested deferred compensation and vested state retirement, if any.
University Buyout (early termination by University w/o cause)
At election of University, either (a) regular payment schedule over remaining term of contract, or (b) payment within 90 days, in the amount based on the year of termination per the schedule as follows. No mitigation required by Coach.
Employee Buyout (early termination by Employee)
Notify Director of Athletics prior to discussions for other employment. Should Employee terminate early to accept another head coaching position or a similar collegiate athletics position, amount owed to University would be in lump sum payment within 90 days based on the year of termination per schedule as follows:
No amount owed if Coach leaves for NFL Head Coach Position
Note: Athletic Director retains the right to waive or reduce Employee Buyout