LOUISVILLE, KY. (WDRB) -- The University of Louisville and football coach Charlie Strong have agreed on an 8-year contract extension that will guarantee the coach $3.7 million per year through the 2020 season.
The contract makes Strong the seventh-highest paid coach in college football.
Strong, coming off a Sugar Bowl championship and back-to-back shares of the Big East championship, had been courted by the University of Tennessee late last year, and reportedly weighed the offer seriously before announcing he would stay at U of L.
Strong's new contract also includes incentives, including $100,000 for reaching a BCS bowl, $50,000 for a BCS championship, $50,000 for being named Big East coach of the year, and $50,000 for being named national coach of the year, in addition to other academic and performance incentives.
The contract is structured, as many coaches' deals are, with a base
salary of $1.85 million and another $1.85 million guaranteed as "media
base" salary for off-the-field duties. The contract terms are back-dated
to Jan. 1 of this year.
A buyout provision means that it would
cost Strong (or his new employer) $5 million if he were to leave after
next season or $4.375 million after the 2014 season. The buyout declines
in each subsequent year he stays.
It also contains a loyalty
bonus provision. If Strong completes three more seasons at U of L, he
will receive a bonus of $1.25 million plus a $1 million annuity. That
would boost the three-year value of the new contract to $4.45 million
He would also receive a $1 million bonus if he completed the 2016 season and $200,000 after the 2017 and 2018 season.
"It provides stability," U of L athletic director Tom Jurich told reporters after the U of L athletic association's executive board approved the deal. "And you know that's something I'm always looking for."
This story will be updated.
Copyright 2012 WDRB News. All Rights Reserved.
Sign Up for the WDRB Sports Newsletter
Thank you for signing up! You will receive a confirmation email shortly.
Monday, May 20 2013 12:41 AM EDT2013-05-20 04:41:21 GMT
LOUISVILLE, Ky. (WDRB) -- The scene is always the same. After every University of Kentucky basketball home game, the coach walks across the Rupp Arena court, puts on his headset and starts talking withMore >>
Kentucky basketball coach John Calipari will do things a bit differently with his young but talented Wildcats team this season.More >>
Saturday, May 18 2013 7:11 PM EDT2013-05-18 23:11:28 GMT
(AP Wires/WDRB) -- Oxbow has won the Preakness, ruining Orb's bid to capture the Triple Crown. Oxbow led from start to finish. It was the sixth Preakness victory for Hall of Fame trainer D. Wayne LukasMore >>
Oxbow has won the Preakness, ruining Orb's bid to capture the Triple Crown.More >>
Saturday, May 18 2013 7:54 AM EDT2013-05-18 11:54:38 GMT
LOUISVILLE, Ky. (WDRB) -- Longtime golf commentator and 1964 U.S. Open champion Ken Venturi died today, and there's nearly no need to add to the tributes that surely will come, because there's a greatMore >>
Ken Venturi left a lasting memory in Louisville when he opened Hunting Creek Country Club's championship course with a record that still stands, and with a simple gesture to a sportswriter 25 years later.More >>
Tuesday, May 14 2013 5:25 PM EDT2013-05-14 21:25:36 GMT
LOUISVILLE, Ky. (WDRB) -- I like Andrew Wiggins. Here's a kid who didn't want to make a spectacle of his recruitment, despite being the top-ranked basketball recruit in the nation and being hailed as theMore >>
Eric Crawford surveys the carnage of the Andrew Wiggins circus, and ponders what it means for the future of civilization.More >>
Sunday, May 12 2013 11:30 PM EDT2013-05-13 03:30:46 GMT
LOUISVILLE, Ky. (WDRB) -- Alabama football coach Nick Saban simply said out loud what people have been talking about for some time last week during a stop on his offseason "Crimson Caravan."RespondingMore >>
Alabama coach Nick Saban's idea for power conference football team to play only teams from other elite conferences sounds good -- but most programs would never accept it.More >>
Saturday, May 11 2013 10:26 AM EDT2013-05-11 14:26:43 GMT
LOUISVILLE, Ky. (WDRB) -- The NCAA basketball rules committee has wrapped up its most recent round of talks with more tweaks.It didn't reduce the shot clock, but it did try to streamline the video reviewMore >>
Ten suggestions to get the game of college basketball moving again. More >>
Thursday, May 9 2013 4:47 PM EDT2013-05-09 20:47:58 GMT
LOUISVILLE, Ky. (WDRB) -- Welcome to the Life Aquatic of Rick Pitino. At a time when most of college basketball is fixated on who will land the biggest fish on the recruiting trail -- Andrew Wiggins --More >>
University of Louisville basketball coach is living it up post-NCAA championship. The latest: He landed an 80-pound white marlin and a Maker's Mark commemorative bottle.More >>
Thursday, May 9 2013 2:14 PM EDT2013-05-09 18:14:01 GMT
LOUISVILLE, Ky. (WDRB) -- By this point, the University of Louisville's 2013 football schedule has been the butt of more jokes than airplane food. But over the past couple of weeks, the program has alsoMore >>
Positive press in the offseason could mean a lot for a University of Louisville football program hoping to receive respect in 2013 season polls. More >>