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Dabo Just Got Paid - 10 Year Deal Worth $93 Mil
Posted on 4/26/19 at 9:41 am
Posted on 4/26/19 at 9:41 am
Now the second highest paid coach in CFB based on annual salary.
LINK
Contract also has buyout language specific to Alabama
quote:
Clemson’s Board of Trustees approved a new contract for Swinney Friday morning. It is a 10-year deal that will pay him an average annual salary of $9.3 million.
Swinney is now the second-highest paid coach in the country in terms of annual salary. Alabama’s Nick Saban is first at $9.44 million.
LINK
Contract also has buyout language specific to Alabama
quote:
Swinney’s contract also includes a buyout enhancement if he leaves to become the head coach at Alabama.
His buyout is $4 million through December 31, 2020, $3 million in 2021-2022, $2 million in 2023-2025 and $1 million in 2026-2027.
If Swinney leaves for Alabama the buyout jumps to $6 million through December 31, 2020, $4.5 million in 2021-2022, $3 million in 2023-2025 and $1.5 million in 2026-2027.
This post was edited on 4/26/19 at 9:55 am
13
Posted on 4/26/19 at 9:42 am to burdman
Probably worth twice that, just like Saban is.
Posted on 4/26/19 at 9:42 am to burdman
Jimbo calling Sexton right now
Posted on 4/26/19 at 9:43 am to burdman
Dude is worth more. What he's be able to do with Clemson is pretty awesome.
Posted on 4/26/19 at 9:44 am to burdman
weird to feel like thats a bargain, but it definitely seems that way
This post was edited on 4/26/19 at 9:45 am
Posted on 4/26/19 at 9:45 am to burdman
he's not even one of them though.
Posted on 4/26/19 at 9:45 am to WestCoastAg
This is just the pre extension to when Saban retires
Clemson will be paying him like 15 milly to keep Bama away
Clemson will be paying him like 15 milly to keep Bama away
Posted on 4/26/19 at 9:45 am to wildtigercat93
Kirk Ferentz looks at this type of news and says to himself "I wonder if I can go 4-8 and get the BoS at Iowa to give me a bonus."
Posted on 4/26/19 at 9:46 am to burdman
$93 million? Jesus Christ, that's a lot of money. We might end up seeing successful NFL coaches making a Harbaugh like move to college football the way these salaries are heading.
Posted on 4/26/19 at 9:46 am to WestCoastAg
Smart move
What is buyout?
If he can go head to head with Saban and win two national titles you know he will be Bama's first call
At that age, he could surpass all the greats once Saban hangs it up for good.
What is buyout?
If he can go head to head with Saban and win two national titles you know he will be Bama's first call
At that age, he could surpass all the greats once Saban hangs it up for good.
Posted on 4/26/19 at 9:47 am to wildtigercat93
quote:Bama going after the future GOAT.
Clemson will be paying him like 15 milly to keep Bama away
Posted on 4/26/19 at 9:49 am to nicholastiger
quote:As of 2017, he has the largest buyout in college football.
What is buyout?
quote:LINK
He is one of merely four active coaches with a national championship. According to figures compiled by USA Today Sports, Swinney also is one of five coaches earning more than $6 million.
Swinney’s total compensation in 2017 is $8,526,800, second in the NCAA Division I bowl subdivision. Swinney trails Alabama’s Nick Saban, who earned $11.13 million.
Swinney’s compensation package includes the $1.5 million bonus he received in August after signing an eight-year, $54 million contract in August. It was a reward for leading Clemson to the College Football Playoff national championship against Saban and Alabama in January.
The new agreement was also an accord avowing long-term commitment. Clemson and Swinney negotiated the largest buyout clause in college football.
If Clemson dismisses Swinney without just cause before the end of the contract, the school must pay him $5 million for each remaining year. Thus, if Clemson fired Swinney this year, it would owe him $40,000,000.
Posted on 4/26/19 at 9:50 am to burdman
Updated OP with buyout info
Posted on 4/26/19 at 9:50 am to nicholastiger
quote:read a second ago that there is a bama clause in his buyout that keeps it really high if he wants to leave for bama any time in the next 5 or 6 years
What is buyout?
Posted on 4/26/19 at 9:51 am to JBeam
quote:
Dabo Swinney’s new 10-year contract also includes specific buyout language that reduces his overall buyout amount by 50 percent specifically if he leaves for Alabama
Zero chance I would agree to this if I was Clemson. Make him make a stand on that
Posted on 4/26/19 at 9:51 am to wildtigercat93
nevermind i read that wrong. i thought i read that it increases his buyout. instead it decreases. yikes
Posted on 4/26/19 at 9:53 am to wildtigercat93
quote:Yep, they absolutely can not let this slide.
Zero chance I would agree to this if I was Clemson. Make him make a stand on that
Posted on 4/26/19 at 9:54 am to JBeam
I’m not one to say you should start a media war with your coach but if he’s demanding that he gets an out for Bama, I would want my fans to know that before I signed him to that
Posted on 4/26/19 at 9:55 am to wildtigercat93
Am I reading his buyout wrong? Doesn't it go up if he leaves for Alabama?
Posted on 4/26/19 at 9:57 am to burdman
God damn I remember like 6 years ago when 5 was absurd.
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