ASU wants to give Dennis Erickson five-year guaranteed contract valued at
$5.6 millionto be their head football coach.$450,000 base pay per year $ 50,000 extra base pay 2007 (1st year) $825,000 extra base pay 2008-11 (years 2-5)
Erickson will be financially rewarded if his team wins eight or more games during a season.$ 50,000 bonus 8 wins PLUS $100,000 bonus 9 wins PLUS $200,000 bonus 10 wins PLUS $300,000 bonus 11 wins PLUS $400,000 bonus 12 wins
Example: If ASU wins nine games, Erickson's bonus will total
$50,000 plus $100,000).
Erickson will be financially rewarded if ASU is invited to a bowl game.$ 25,000 for a bowl game OR $ 50,000 for a Bowl Championship Series berth OR $100,000 for a BCS national championship game appearance
Erickson could earn up to
10%of his salary if his players are actually student athletes (GPA or graduate rate, which ever is highest).
Just like CEOs, Erickson has a "golden parachute." If he stays "legal" and ASU fires him, he will receive
50%of any remaining salary.
Erickson also receives "tickets to ASU sporting events, use of two automobiles or a stipend and playing privileges at Karsten Golf Course."
Creator: Gerald D. Thurman
Created: 01 March 2007