Gophers athletic director Mark Coyle will receive a two-year contract extension through 2030 and an annual raise of $324,000, pending Board of Regents approval at its meeting next Thursday and Friday.
...
The buyout terms for both Coyle and the university have been amended.
If the university terminates the contract without cause on or before June 30, 2028, it will owe Coyle 100% of the base salary through the contract's full term.
If Coyle terminates the contract on or before June 30, 2026, he will pay 100% of the base salary through the full term. If Coyle terminates between July 1, 2026, and June 30, 2028, he will pay the university $1 million.
If a termination occurs after July 1, 2028, neither party would be entitled to a termination/buyout fee.
Coyle will continue to receive supplemental retirement contributions of $150,000 with increases of $5,000 each year. The new contract extends the contributions for two years.
The contract also states that by Aug. 1, 2028, the parties would use their best efforts to negotiate a new contract.
www.startribune.com
