UConn's Calhoun Signs 5-Year, $13M Contract
May 7, 2010
STORRS, Conn. (AP) -Connecticut basketball coach Jim Calhoun, coming off a year marred by health problems, an NCAA investigation and a disappointing performance on the court, signed a five-year, $13 million contract Friday.
The Hall of Fame coach will be paid $2 million retroactive to last season and $2.3 million next season. Calhoun, who turns 68 on Monday, had been making $1.6 million under a previous contract that was set to expire on June 30.
"I am happy that this new contract will allow me to finish my coaching career here at UConn," Calhoun said in a written statement.
He took a took a medical leave of absence in January, missing seven games with an undisclosed condition. The Huskies (18-16) lost to Virginia Tech in the second round of the NIT.
Calhoun's base salary begins at $325,000 for the season that just ended, and will go up by $25,000 each year of the agreement.
In addition to the base salary, Calhoun receives $1.6 million for speaking engagements and media-related appearances for last season.
His total compensation in the 2011-12 year will be $2.7 million and he will receive $3 million in each of the final two years of the contract.
The deal contains buyout language in the event of Calhoun's retirement or if he becomes too ill to coach. It also says the coach can be removed from his job in the event of an NCAA or Big East violation if the coach knew there was a violation and failed to act to correct it within 10 days.
The deal also calls for bonuses of a month's salary if the Huskies make the NCAA tournament, two months for a berth in the Final Four and three months if the Huskies win the national championship.
Calhoun has won two national championships at Connecticut and was inducted into the Basketball Hall of Fame in 2005.
Several other off-the-court issues had prompted questions about Calhoun's future, including an investigation into the school's recruitment of former player Nate Miles. Calhoun has acknowledged that he or his staff might have made mistakes in recruiting Miles.
It is not clear when that investigation will be completed. UConn athletic director Jeff Hathaway has said the school is cooperating with the NCAA.
Calhoun also has been treated for cancer three times during his UConn career, and last summer was hospitalized after breaking several ribs during a charity bike ride.
Women's basketball coach Geno Auriemma, who has guided his teams to seven NCAA titles, has an average annual salary of $1.6 million. Connecticut football coach Randy Edsall makes about $1.5 million per year.