Friday, January 14, 2011

Pasqualoni's contract

Here are the full details of the contract signed by Paul Pasqualoni. Very similar to the last deal signed by Randy Edsall in January 2008. It's essentially a continuation of the pay scale Edsall had from his contract. No country club membership, though. Coach P must not be a golfer.

CONTRACT PERIOD: The term of the contract is January 14, 2011 through December 31, 2015.

SALARY/PUBLIC RELATIONS AND MEDIA APPEARANCES: The contract calls for an annual base salary, as well as, annual payments for institutional public relations and media appearances. The following is a year-by-year summary of those payments:

Period Base Salary PR and Media Fees Total
Jan. 14, 2011-Dec. 31, 2011 $350,000* $1,150,000 $1,500,000
Jan. 1, 2012-Dec. 31, 2012 $375,000 $1,225,000 $1,600,000
Jan. 1, 2013-Dec. 31, 2013 $400,000 $1,300,000 $1,700,000
Jan. 1, 2014-Dec. 31, 2014 $425,000 $1,375,000 $1,800,000
Jan. 1, 2015-Dec. 31, 2015 $450,000 $1,450,000 $1,900,000* -Annualized

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 football 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 Pasqualoni may also organize and direct football camps or clinics located off the University’s campus, subject to NCAA regulations. 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. Any consulting, endorsement or outside income activity is subject to the approval of the Director of Athletics in accordance with the University’s agreement with IMG College.

TICKETS: 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. 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. The University will also provide the Coach with purchase privileges for up to twenty (20) tickets for all home football games at Rentschler Field. The University will also provide the Coach with twenty (20) tickets for discretionary use for all away and postseason away football games. The University will also provide the Coach with purchase privileges for additional tickets to away and postseason football games based upon the available inventory. The Coach will also be entitled to received four (4) tickets and two (2) parking passes for all home men’s and women’s basketball games.

COMPENSATION FOR SERVICES AND PERFORMANCE: The Coach will receive one non-cumulative payment equivalent to one (1) month of base salary for participation in a non-BCS bowl game or $100,000 for participation in a BCS bowl game. He will receive onehalf 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.

BUYOUT: If the Coach accepts a position as a Head Coach of football at an NCAA institution, or as a Head Coach in any professionalfootball league, the following shall be due to the University from the Coach.

January 14, 2011-December 31, 2011 $1,200,000
January 1, 2012-December 31, 2012 $1,000,000
January 1, 2013-December 31, 2013 $500,000
January 1, 2014-December 31, 2014 $400,000
January 1, 2015-December 31, 2015 $250,000

In the event that the University terminates the contract for any other reason than just cause as defined by the contract, the Coach shall be entitled to continue to receive the following payment in full satisfaction of the University’s obligation to the Coach.

January 14, 2011-December 31, 2011 $1,250,000
January 1, 2012-December 31, 2012 $1,000,000
January 1, 2013-December 31, 2013 $750,000
January 1, 2014-December 31, 2014 $600,000
January 1, 2015-August 1, 2015 $400,000

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