BleedGopher
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per Husker Online:
If Nebraska decides to part ways with basketball coach Tim Miles and his three top assistants at the end of this season, what would it cost?
The buyout bottom line: About $3.287 million.
Of that total, Miles would receive about $2.52 million, according to the terms of his contract that runs through March 2021. He would be paid monthly installments of $105,000 over those two years.
Miles’ annual base salary is $2.50 million.
His three assistants are under contract through April 2020. They would also be paid monthly installments for the remaining time of their contract. The payments would be pegged to their base salary and the value of university-provided employee benefits, according to their contracts made available by the athletic department.
Michael Lewis is the highest-paid assistant, earning an annual salary of $256,200. Armon Gates earns $256,000, and Jim Molinari’s base salary is $255,267. A benefits value breakdown was not listed in their contracts.
https://nebraska.rivals.com/news/big-red-business-the-cost-of-a-basketball-coaching-change
Go Gophers!!
If Nebraska decides to part ways with basketball coach Tim Miles and his three top assistants at the end of this season, what would it cost?
The buyout bottom line: About $3.287 million.
Of that total, Miles would receive about $2.52 million, according to the terms of his contract that runs through March 2021. He would be paid monthly installments of $105,000 over those two years.
Miles’ annual base salary is $2.50 million.
His three assistants are under contract through April 2020. They would also be paid monthly installments for the remaining time of their contract. The payments would be pegged to their base salary and the value of university-provided employee benefits, according to their contracts made available by the athletic department.
Michael Lewis is the highest-paid assistant, earning an annual salary of $256,200. Armon Gates earns $256,000, and Jim Molinari’s base salary is $255,267. A benefits value breakdown was not listed in their contracts.
https://nebraska.rivals.com/news/big-red-business-the-cost-of-a-basketball-coaching-change
Go Gophers!!