Pelini contract runs five years
Completed without agents and apparently free of discord, Husker head football coach Bo Pelini’s contract was made public Wednesday.
Pelini will make a guaranteed $1.1 million a year. It’s a deal that runs through five seasons, expiring Dec. 31, 2012.
The contract includes incentives where Pelini would earn an additional $400,000 for winning the Big 12 Championship Game and another $400,000 for winning the BCS national championship.
“We’re very pleased with the process,” Nebraska athletic director Tom Osborne said in a statement. “There were no protracted negotiations and no agents. Everything went smoothly.”
Breaking down Pelini’s bonus opportunities:
n By getting to the Big 12 Conference title game, he’ll earn $150,000.
n By winning the Big 12 title, he’ll get another $250,000.
n By appearing in the BCS Championship Game, he’ll earn $150,000.
n By winning the BCS title game, he’ll get another $250,000.
n Pelini can also earn a bonus of up to $250,000 for academic success by his players.
In addition, Pelini will earn $91,667 for his work since his hiring on Dec. 2, 2007 to Dec. 31, 2007.
Pelini also gets the use of two automobiles and a country club membership.
Certainly, it’s a raise for the 40-year-old and first-time head coach. Pelini was making $400,000 last year as LSU’s defensive coordinator.
Differing from Bill Callahan’s contract, Pelini’s contract includes a buyout provision where the university would be paid a minimum of $250,000 should Pelini take a job elsewhere. The buyout starts at $1 million in its first year and decreases over the term of the contract.
There are also differences in how Pelini would be compensated if he were fired. The contract calls for Nebraska to pay him $41,700 a month for the remainder of the contract, or $500,000 annually. That figure, however, would be reduced by whatever Pelini earns at his next job.
“I thought it was all very straightforward,” said Pelini, who signed the contract on Jan. 16. “We were pretty much on the same page from the start. We agreed on the parameters, and there wasn’t much discussion that needed to be done. I just really trust Coach Osborne and his word.”
While $1.1 million is an impressive figure, it’s modest in comparison with the pay some college football coaches are receiving.
The base figure is considerably less than Callahan made. When Callahan signed a contract extension last September while Steve Pederson was athletic director, it came with a guaranteed $1.75 million annual salary.
On Tuesday, 60 days after being fired, Callahan was issued a payment of $3.125 million from the university, as his contract dictated.
According to coacheshotseat.com, which monitors the contracts of college football coaches, Pelini’s guaranteed salary would tie him for 45th nationally, putting him in the company of the head coaches at Tulsa, Hawaii and North Carolina State.
As coaching salaries in the Big 12 go, Pelini’s guaranteed salary ranks eighth-highest — ahead of Iowa State’s Gene Chizik, Oklahoma State’s Mike Gundy, Colorado’s Dan Hawkins and Kansas State’s Ron Prince.
Osborne, who makes the lowest salary of any Big 12 athletic director at $250,000 annually, said before Pelini was hired that he did not want to bring aboard a coach who seemed motivated by money.
“That always turns me off a little bit if I feel that their main interest is how much of a salary they can get,” Osborne told the Husker Sports Network just before Pelini’s hiring.
“Now, having said that, it does seem that the going rate on salaries has really kind of gone through the roof maybe a little bit. A little bit amazing.”
Osborne retired from coaching just before coaches’ salaries started to balloon. During the 1996-97 fiscal year, he made $138,240, receiving a $50,000 bonus for winning the 1997 national championship.
Such an annual base salary would now be the lowest in major-college football.
Fortunately for Osborne, Pelini seems more concerned right now with winning than dollar signs.
As Pelini recently told the Journal Star: “I wasn’t really worried about the contract. I figure I’ll do a good job here, and it will all take care of itself.”
Reach Brian Christopherson at bchristopherson@journalstar.com or at 473-7439.
Pelini will make a guaranteed $1.1 million a year. It’s a deal that runs through five seasons, expiring Dec. 31, 2012.
The contract includes incentives where Pelini would earn an additional $400,000 for winning the Big 12 Championship Game and another $400,000 for winning the BCS national championship.
“We’re very pleased with the process,” Nebraska athletic director Tom Osborne said in a statement. “There were no protracted negotiations and no agents. Everything went smoothly.”
Breaking down Pelini’s bonus opportunities:
n By getting to the Big 12 Conference title game, he’ll earn $150,000.
n By winning the Big 12 title, he’ll get another $250,000.
n By appearing in the BCS Championship Game, he’ll earn $150,000.
n By winning the BCS title game, he’ll get another $250,000.
n Pelini can also earn a bonus of up to $250,000 for academic success by his players.
In addition, Pelini will earn $91,667 for his work since his hiring on Dec. 2, 2007 to Dec. 31, 2007.
Pelini also gets the use of two automobiles and a country club membership.
Certainly, it’s a raise for the 40-year-old and first-time head coach. Pelini was making $400,000 last year as LSU’s defensive coordinator.
Differing from Bill Callahan’s contract, Pelini’s contract includes a buyout provision where the university would be paid a minimum of $250,000 should Pelini take a job elsewhere. The buyout starts at $1 million in its first year and decreases over the term of the contract.
There are also differences in how Pelini would be compensated if he were fired. The contract calls for Nebraska to pay him $41,700 a month for the remainder of the contract, or $500,000 annually. That figure, however, would be reduced by whatever Pelini earns at his next job.
“I thought it was all very straightforward,” said Pelini, who signed the contract on Jan. 16. “We were pretty much on the same page from the start. We agreed on the parameters, and there wasn’t much discussion that needed to be done. I just really trust Coach Osborne and his word.”
While $1.1 million is an impressive figure, it’s modest in comparison with the pay some college football coaches are receiving.
The base figure is considerably less than Callahan made. When Callahan signed a contract extension last September while Steve Pederson was athletic director, it came with a guaranteed $1.75 million annual salary.
On Tuesday, 60 days after being fired, Callahan was issued a payment of $3.125 million from the university, as his contract dictated.
According to coacheshotseat.com, which monitors the contracts of college football coaches, Pelini’s guaranteed salary would tie him for 45th nationally, putting him in the company of the head coaches at Tulsa, Hawaii and North Carolina State.
As coaching salaries in the Big 12 go, Pelini’s guaranteed salary ranks eighth-highest — ahead of Iowa State’s Gene Chizik, Oklahoma State’s Mike Gundy, Colorado’s Dan Hawkins and Kansas State’s Ron Prince.
Osborne, who makes the lowest salary of any Big 12 athletic director at $250,000 annually, said before Pelini was hired that he did not want to bring aboard a coach who seemed motivated by money.
“That always turns me off a little bit if I feel that their main interest is how much of a salary they can get,” Osborne told the Husker Sports Network just before Pelini’s hiring.
“Now, having said that, it does seem that the going rate on salaries has really kind of gone through the roof maybe a little bit. A little bit amazing.”
Osborne retired from coaching just before coaches’ salaries started to balloon. During the 1996-97 fiscal year, he made $138,240, receiving a $50,000 bonus for winning the 1997 national championship.
Such an annual base salary would now be the lowest in major-college football.
Fortunately for Osborne, Pelini seems more concerned right now with winning than dollar signs.
As Pelini recently told the Journal Star: “I wasn’t really worried about the contract. I figure I’ll do a good job here, and it will all take care of itself.”
Reach Brian Christopherson at bchristopherson@journalstar.com or at 473-7439.
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