May 7, 2010
STORRS, Conn. - The University of Connecticut and head men's basketball coach Jim Calhoun have agreed to terms on a five-year contract that will run through June 30, 2014. The deal is effective retroactively from July 1, 2009.
Coach Calhoun completed his 24th season as head coach at UConn and his 38th year as a collegiate head coach in 2009-10. His resume includes winning NCAA National Championships in 1999 and 2004 at Connecticut, earning election into the Naismith Memorial Basketball Hall of Fame as a member of the Class of 2005, and induction in 2006 with the other greats of the game as a member of the Founding Class of the National Collegiate Basketball Hall of Fame.
Jim Calhoun's 38-year overall record as a collegiate head coach is 823-358, making him one of only eight Division I coaches in NCAA history to have earned their way into that 800-win club. During his 24 years as head coach at Connecticut, Coach Calhoun has compiled an overall record of 575-221. The Huskies under Calhoun have advanced to the NCAA Tournament 16 times, including three trips to the Final Four, eight Elite Eight appearances and 12 Sweet 16 appearances. He has led the Huskies to a league-record 16 BIG EAST Championships, 10 regular season and six tournament titles.
"I am very happy that this new contract will allow me to finish my coaching career here at UConn," says Calhoun. "This is a tremendous show of recognition and support from Jeff Hathaway and (President) Michael Hogan. The University continues to allow me and my staff to pursue a national championship with the same backing as other top level programs across the country."
"We are pleased to announce this new contract for Coach Calhoun," says UConn Director of Athletics Jeffrey A. Hathaway. "Jim and I both have high expectations for our basketball student-athletes to achieve in the classroom, succeed on the court and be outstanding representatives in the community. Jim is one of the elite coaches in college basketball. He has taken UConn Basketball to the national championship level, and he is a valued representative of the University and the State of Connecticut. Also, Jim is actively involved in several charitable endeavors, including the Pat and Jim Calhoun Cardiology Center at the UConn Health Center, Autism Speaks, Coaches vs. Cancer, the Holiday Food Drive for Connecticut Foodshare, and the Juvenile Diabetes Foundation."
Calhoun will receive a base salary of $325,000 for the 2009-10 academic year and that base salary amount will increase $25,000 each year of the agreement. In addition to the base salary, he will receive $1,675,000 in year one of the agreement for institutional speaking engagements and media-related appearances for a total of $2,000,000. These combined figures will total $2,300,000 for 2010-11, $2,700,000 for 2011-12 and $3,000,000 for 2012-13 and 2013-14.
Coach Calhoun is also eligible for additional compensation for services and performance in the post-season. He will receive one month of base salary for participation in the NCAA Tournament, two months of base salary for advancement to the NCAA Final Four or three months of base salary for winning the NCAA Championship. He is also eligible for additional compensation if named Big East and/or National Coach of the Year. These payments will only be made if the NCAA Academic Progress Report ("APR") standard for the men's basketball team has been met for both the most recently completed academic year and the last reported four-year rolling average.
Upon Coach Calhoun's resignation or retirement from the head coaching position at UConn, he will receive either a one-time payment of $1,000,000 or secure employment in a full-time position in the University Division of Athletics for a maximum of five years at an annual salary of $300,000.
University of Connecticut Contract Summary Jim Calhoun, Head Men's Basketball Coach
CONTRACT PERIOD: The term of the contract is July 1, 2009 through June 30, 2014.
SALARY/SPEAKING AND MEDIA APPEARANCES: The contract calls for an annual base salary, as well as, annual payments for institutional speaking and media appearances. The following is a year-by-year summary of those payments:
Period Base Salary Speaking and Media Fees Total July 1, 2009-June 30, 2010 $325,000 $1,675,000 $2,000,000 July 1, 2010-June 30, 2011 $350,000 $1,950,000 $2,300,000 July 1, 2011-June 30, 2012 $375,000 $2,325,000 $2,700,000 July 1, 2012-June 30, 2013 $400,000 $2,600,000 $3,000,000 July 1, 2013-June 30, 2014 $425,000 $2,575,000 $3,000,000
NOTE: No General Fund (state tax dollars) or tuition monies were used to provide any of the resources for this contract. The Division of Athletics at the University of Connecticut is an Auxiliary Service Fund entity and the sources of revenue include: gate receipts, private fundraising, corporate partnerships, television/radio rights, BIG EAST Conference revenues and NCAA revenues.
AUTOMOBILE ALLOWANCE: The Coach will receive an annual car allowance in the amount of $15,000 to be paid on a bi-weekly basis.
SUMMER CAMPS/CLINICS: The Coach may organize and direct basketball camps or clinics utilizing University dormitories, dining halls, athletics facilities and other campus facilities, at the rates and fees published by the University's Conference Services Office. Coach Calhoun may also organize and direct basketball camps or clinics located off the University's campus. All camps and clinics run by the Coach shall be owned and operated by the Coach.
ENDORSEMENT CONTRACTS: Any consulting, endorsement or outside income activity performed by the Coach is allowed within the established guidelines of the University, the NCAA and the Code of Ethics for Public Officials, as interpreted by the Office of State Ethics of the State of Connecticut.
TICKETS: The University will provide the Coach with twenty-five (25) tickets for discretionary use and purchase privileges for twenty-five (25) additional tickets for all home, away, conference tournament and post-season men's basketball events while serving as Head Men's Basketball Coach. The University will provide the Coach with twenty (20) tickets in a suite and five (5) parking passes for personal use for all home football games at Rentschler Field while serving as Head Men's Basketball Coach. The Coach will be responsible for all costs associated with food and beverage service in the suite and no such costs shall be regarded as subject to reimbursement. Also, the Coach will be entitled to receive four (4) tickets for women's basketball home games and two (2) tickets for home games to any sport other than men's basketball, football or women's basketball.
COMPENSATION FOR SERVICES AND PERFORMANCE: The Coach will receive one non-cumulative payment equivalent to one month of base salary for participation in the NCAA Tournament, two months of base salary for advancement to the NCAA Final Four, or three months of base salary for winning the NCAA Championship. He will receive one-half of one month of base salary for selection as National Coach of the Year or one-quarter of one month of base salary for selection as BIG EAST Coach of the Year. Any such payments are contingent upon the NCAA Academic Progress Report ("APR") standard (or any future substitute of this standard) for the men's basketball team being met (currently a score of 925) for both the most recently completed academic year and the last reported four-year rolling average (e.g., for the 2009-10 basketball season, the APR data for the 2008-09 academic year would be utilized). In the event that the men's basketball program should ever incur the loss of a scholarship due to NCAA penalties associated with the NCAA APR, the Coach will donate $100,000 to the University of Connecticut Foundation General Scholarship Fund.
BUYOUT: If the Coach accepts a position as a Head Coach of men's basketball at an NCAA Division I institution, or as a Head Coach in the National Basketball Association, the sum of $500,000 shall be due to the University from the Coach. After completion of the third year of this Agreement, the University will forego the receipt of this sum, provided the Coach is not engaged in a head coaching position in either the NCAA Division I, or the National Basketball Association for one basketball season following the date his duties cease at the University of Connecticut.
OTHER: Upon the Coach's resignation or retirement in good standing from the head coaching position at UConn (any time after the 2010-11 season), he will receive either a one-time payment of $1,000,000 or secure employment in a full-time position in the University Division of Athletics for a maximum of five years (10-month annual term) at an annual salary of $300,000 and duties determined by the Director of Athletics.
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