USA TODAY Sports looks at the 10 highest-paid coaches in college football.
USA TODAY Sports
A college football coaching deal affecting South Florida and Texas likely will bring satisfaction to school officials from at least UCLA, Virginia and Georgia.
On Tuesday, when South Florida released the basic employment terms it has reached with new football coach Charlie Strong, thereÂ was no missing the impact of the buyout Strong is due to receive from Texas after his firing there roughly three weeks ago. Itâs an impact that UCLA, Virginia and Georgia recently have taken steps to try to avoid.
Under Strongâs terms with Texas, he is to be paid what had been his 2016 base salary â $5.2 million a year â on a monthly basis through the contractâs original termination date of Jan. 23, 2019. However, Strong was obligated to make reasonable effort to find another job, and if he did, Texas would be allowed to offset what it owes him by an amount equal to 50% of the âtotal compensationâ Strong would get from his new employer.
The deal between Strong and South Florida is for five years and a basic compensation total of $9.8 million, not including the value of perks, benefits and potential bonuses.
But the basic compensation isnât being paid out evenly. Far from it.
With contract years beginning Jan. 1, Strong is set to receive $1 million in 2017 and $1 million in 2018.
The amount jumps to $2.5 million in 2019, basically coinciding with the scheduled end of Strongâs payments from Texas, then goes to $2.6 million and $2.7 million for the last two years.
This same type of setup is being used with Strongâs budget for assistant coaches at South Florida.
Nearly all of StrongâsÂ assistant coaches at Texas have been working under contracts that were to expire Jan. 31, 2018 or Jan. 31, 2019, and they included buyout arrangements mirroring Strongâs. If they are not retained, they would be owed their remaining salaries, subject to the 50% offset.
South Florida and Strong agreed to structure his budget for assistant coachesâ salaries as follows: $1.66 million for 2017, $2.25 million for 2018 and $3.4 million for each of the last three years.
Texas athletics department spokesman John Bianco said the school had no comment on Strong’s agreement with South Florida.
The notion of one school being able to take advantage of a buyout being paid by another school is not new. From 2014 through earlierÂ this year, Alabama paidÂ Lane Kiffin at a rate of roughly $700,000 a year to be its offensive coordinator, in part, because he was still being paid a buyout from his head coaching tenure at Southern California, When the buyout payment, Alabama raised Kiffin’s annual pay rate to $1.4 million.
These types of issues have been addressed in buyout and offset…