Since there has been some recent speculation regarding Tubby’s contract, I dug around on the internets for a little while and decided to post what his current deal is. If you want to see the actual duplicate copies of the contract, the Herald-Leader has a pdf of it here. If you are lazy (like me) and don’t want to read all 14 pages I’ve provided the abbreviated version below. It is worth checking out the real contract if for no other reason than to check out “Tubby’s” signature. I don’t think I’ve ever seen quotes in a signature before, but I don’t really get out much.
For the sake of attribution, this information comes from SI.com around 2003.
Old contract: Tubby Smith
Contract length: 6-year extension thru 2007
Base salary: $180,000
TV, shoe, apparel income: $1.32 million
Country Club membership: No
Cars: 2
Buyout by coach if he leaves for another job: None
Payout by school if coach is fired: $750,000 per year left on the contract
Tidbits: $1 million retention bonus
New: Tubby Smith
Contract length: 8 years thru 2011
Base salary: $200,000
TV, shoe, apparel income: 2003-04: $1.55 million; 2004-05: $1.625 million; 2005-06: $1.7 million; 2006-07: $1.775 million; 2007-08: $1.85 million; 2008-09: $1.925 million; 2009-10: $2.05 million; 2010-11: $2.175 million
Country Club membership:
Cars: 2
Buyout by coach if he leaves for another job: None
Payout by school if coach is fired: $1 million
Tidbits: If the coach is disabled or dies, all salary and benefits are still provided; $1.5 million retention bonus for fulfilling contract thru April 3, 2007; additional $2.5 million bonus for fulfilling contract thru April 3, 2011; $50,000 bonus for NCAA Final Four appearance; $50,000 bonus if team GPA is 3.0 or better and 90% of players meet NCAA satisfactory progress requirements; $15,000 bonus for winning the SEC championship or qualifying for the NCAA tournament; 20 prime, lower level basketball tickets and 8 football tickets; 4 weeks paid vacation; Use of facilities to conduct basketball camps; Earned $50,000 from his basketball camp last year; $15,000 to appear at Michael Jordan’s basketball camp;$5,000 for a speaking appearance by the U.S. Navy and Department of Defense