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Virginia Tech offers Beamer raise to more than $2 million

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  • Virginia Tech offers Beamer raise to more than $2 million

    Aug. 23, 2005
    CBS SportsLine.com wire reports




    BLACKSBURG, Va. -- Virginia Tech has offered football coach Frank Beamer a new contract that would boost his average annual compensation from $1.3 million to more than $2 million for the next seven years.

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    "The university and myself believes that coach Beamer is the one who built this program, and we absolutely want coach Beamer to be here for the very rest of his career," athletic director Jim Weaver said Monday night on the weekly Hokie Hotline radio show.

    He said he hoped the deal could be completed before Virginia Tech's Sept. 4 opener at North Carolina State. The holdup is Beamer's refusal to agree to any new contract that doesn't include raises for each of his nine full-time assistant coaches.

    "That's all I'm looking for," Beamer said Saturday. "I don't need all the other stuff."

    Weaver said Beamer and his agent, Jimmy Sexton of Memphis, Tenn., asked him and other university officials to examine assistant coaches' salaries at other top programs and pay Beamer's aides accordingly. He said that analysis is in progress.

    "I'm not sure when we'll get to the end of the line, but we're committed to getting there," Weaver said.

    Beamer, 58, who is starting his 19th season as Tech's coach, signed his current contract in 2000. At the time, Beamer's salary and the combined $1.1 million being paid to his assistants ranked among the highest in the sport.

    Since then, coaches' salaries have skyrocketed, with several signing deals for $2 million or more annually. Virginia's Al Groh received a new deal last week worth $1.7 million this season and more than $2 million when the contract runs out in six years.

    Compared to other top programs, Tech's assistants are being paid below the norm. Seven schools in the Southeastern Conference paid their assistants an average total of $1.3 million in 2004.

    AP NEWS
    The Associated Press News Service

    Copyright 2004-2005, The Associated Press, All Rights Reserved

  • #2
    Re: Virginia Tech offers Beamer raise to more than $2 million

    Beamer sounds like the type of guy I'd like to work under. Good for him. I'm glad to see that he's been offered more, since he has done amazing things for the VA Tech football program. But it appears that he's not only a good coach, but a guy who cares about others as well. Way to go, Frank. To bad T.O. never played for you. Maybe he would have learned something about thinking about others.
    -

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    • DJRamFan
      Groh agrees to new five-year contract with Virginia
      by DJRamFan
      Aug. 19, 2005
      CBS SportsLine.com wire reports




      CHARLOTTESVILLE, Va. -- Virginia football coach Al Groh agreed to a new five-year contract Friday that will make his annual compensation $1.7 million, a raise of nearly $1 million over the first contract he signed with the school.

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      Groh went 30-21 in the first four years of his original seven-year deal, which will be superseded by the new contract, school officials said.

      The new deal calls for an annual salary of $240,000 and $1.46 million in compensation for fund-raising responsibilities, radio and television appearances and product endorsements. It also includes possible bonuses if Virginia goes to a bowl game.

      Groh's original seven-year deal included a salary of $200,000 and total compensation of $765,000 annually.

      "Coach Groh has provided strong leadership for the university's football program, and we want to ensure continuity in its future academic and athletic successes," athletic director Craig Littlepage said in a statement released by the school.

      The Cavaliers have won at least eight games and played in a bowl the past three years under Groh, who left after one season as head coach of the New York Jets to return to his alma mater and replace the retiring George Welsh in 2001.

      "In part, this contract also is driven by the view that our program is emerging as a top 20 program under his guidance and has been in contention for the Atlantic Coast Conference title," Littlepage said.

      Virginia opens this season at home against Western Michigan on Sept. 3.

      AP NEWS
      The Associated Press News Service

      Copyright 2004-2005, The Associated Press, All Rights Reserved
      -08-19-2005, 02:23 PM
    • DJRamFan
      Boise State, Hawkins agree to five-year, $2.6 million contract
      by DJRamFan
      Dec. 7, 2004
      SportsLine.com wire reports

      BOISE, Idaho -- Boise State coach Dan Hawkins signed a five-year, $2.6 million contract extension on Tuesday that could keep him with the Broncos through the 2009 season.

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      "I'm very excited about what we have accomplished and even more excited about what is possible in the future," Hawkins said in a statement.

      The contract will pay Hawkins a base salary of $525,000 per year.

      The deal appears to take another highly desirable coach off the market. Hawkins' name has come up as a possible coaching candidate at places such as Washington, Mississippi and Stanford, and at Florida before Urban Meyer got the Gators job.

      California coach Jeff Tedford, who had been speculated to be a target of Washington's search, also signed a five-year extension on Monday. Louisville's Bobby Petrino, whose agent contacted Ole Miss, released a statement Tuesday saying he planned to stay with the Cardinals.

      Hawkins' new deal is packed with incentives.

      If Boise State wins at least six games, Hawkins would receive a 5 percent raise the following year. Eight or nine wins guarantees a 10 percent raise, while winning 10 or more games would give Hawkins a 15 percent raise.

      Additionally, Hawkins will get 1/12 of his salary if Boise State finishes in the top 25, and he would get an additional $10,000 bonus if the Broncos finish in the top 10.

      The contract also allows Hawkins to receive 1/12 of his salary bonus for a conference championship and a 5 percent bonus for a bowl appearance without a conference championship.

      If Hawkins stays at Boise State until 2008 he will receive a $350,000 bonus and if he stays until the end of the deal 2010 he gets an additional bonus of $150,000. If Hawkins wants to leave Boise State, it will cost him or his new team $850,000 to buy out the contract.

      During Hawkins' four years with Boise State, as head coach, Boise State has won three consecutive Western Athletic Conference championships and compiled a 44-6 record, including a perfect 11-0 this year.

      Since Hawkins took over at Boise State four seasons ago, the Broncos led the country in scoring twice and are second this year. The 10th ranked Broncos will play Dec. 31 in the Liberty Bowl in Memphis, Tenn., against No. 7 Louisville.

      "I'm looking forward to continuing to grow this program further," he said.

      AP NEWS
      The Associated Press News Service

      Copyright 2004, The Associated Press, All Rights Reserved
      -12-08-2004, 05:37 PM
    • DJRamFan
      Terps extend Friedgen's contract through 2012
      by DJRamFan
      Aug. 20, 2004
      SportsLine.com wire reports

      COLLEGE PARK, Md. -- Maryland coach Ralph Friedgen received an eight-year contract extension that could keep him at his alma mater through 2012.

      Friedgen is 31-8 in three seasons with the Terrapins.

      His base salary will be $210,790 a year and his total annual package will be about $1.5 million, according to a statement released Friday by athletic director Deborah A. Yow.

      The contract requires that $1 million be paid to the university if Friedgen leaves for a coaching position at any other college or professional team.

      "Maryland is where I want to be," the 57-year-old Friedgen said. "With the improvement of our facilities and the progress this program has seen in the last three years, I am enthusiastic about seeing how high we can take it."

      Maryland is one of only five schools in Division I-A to have one at least 10 games in each of the last three seasons. Friedgen's fourth season opens at home Sept. 4 against Northern Illinois.


      AP NEWS
      The Associated Press News Service

      Copyright 2004, The Associated Press, All Rights Reserved
      -08-22-2004, 03:40 PM
    • DJRamFan
      Price tags for top coaches reaching stratosphere
      by DJRamFan
      Jan. 25, 2005
      By Dennis Dodd
      SportsLine.com Senior Writer
      Tell Dennis your opinion!


      Good news for all of us mere mortals worried about next month's mortgage payment ...

      The $3 million per year threshold for top college football coaches is about to be crossed. Oklahoma athletic director Joe Castiglione admitted at the Orange Bowl that Bob Stoops would have almost reached that mark had the Sooners won the national championship.


      Bob Stoops isn't having much trouble feeding his family. (Getty Images)
      Stoops would have made approximately $2.66 million with the addition of incentive bonuses with an Oklahoma win. The Sooners got blown out, but the point is that $3 million per year isn't far away. Currently, there are at least nine I-A coaches making more than $2 million per year. An estimated 35 make at least $1 million.

      Nick Saban left LSU making an average of $2.6 million per year. Either Texas' Mack Brown (new 10-year, $26 million contract) or Stoops is believed to be the game's highest-paid coach. Stoops made approximately $2.51 million in 2004 after incentives.

      This at a time when NCAA president Myles Brand is preaching financial restraint. The problem is any talk of financial reform is hit by double roadblocks. The NCAA is limited legally by what it can do to curb spending. Second, more and more athletic departments have become separate "corporations" responsible for their own budget and profit.

      Try telling any corporation it has to limit salaries and expenditures in a competitive market. The hamster long ago hit the treadmill. You've got to win to keep producing revenue. In order to win, you've got to pay top dollar to coaches.

      "The economic model for college athletics has to be one of the worst on record ..." said Castiglione. "None of us like it but it's part of the (landscape). Let's face it, we are the NCAA. If we don't like it, we're the ones responsible for coming up with a different plan. We have to quit complaining about this model and give ourselves a chance to survive."

      That comes from an administrator at the top of his game. Castiglione helped lead a $100 million capital campaign that improved Oklahoma's facilities. But a lot of that money came from the momentum generated by the 2000 national championship and subsequent Big 12 titles and championship games.

      Even then, there's always another school around the corner willing to do more.

      "Because of the antitrust laws, the NCAA is very constrained in the way it can actually limit the way of expenditures," said Robert Hemenway, the Kansas chancellor and chairman of the NCAA board of directors.

      It has only been 10 years since Florida's Steve Spurrier was the first to break the $1 million (per season) barrier. It was 23...
      -01-27-2005, 01:23 PM
    • DJRamFan
      Judge rules BC doesn't have to pay $5M Big East fee
      by DJRamFan
      Aug. 19, 2004
      SportsLine.com wire reports

      BOSTON -- The Big East can't impose a $5 million fine on Boston College for defecting to the Atlantic Coast Conference, and it can't force BC to remain in the conference for an extra 15 months, a Superior Court judge has ruled.

      The decision passed down Wednesday keeps Boston College on track to join the ACC next July and pay a $1 million withdrawal fee to the Big East.

      After Miami and Virginia Tech left the Big East for the ACC in June 2003, the presidents of the remaining Big East schools sought to deter further defections by raising the withdrawal fee from $1 million to $5 million and increasing the withdrawal notice from 12 to 27 months.

      Boston College supported the amendment when it was proposed in July 2003, but abstained from the Oct. 6, 2003, vote at which it was approved. Six days later, BC accepted an invitation to become the ACC's 12th member.

      When the Big East sought to impose the new penalties on BC, the school sued, saying the conference had improperly amended its constitution. The judge agreed, saying the Big East flouted its own rules when it created the harsher penalties.

      "Whatever Boston College might have said about its state of discussions or its expressed acceptance of a $5 million, 27-month penalty, that did not impede the Big East's ability to correctly amend its Constitution," Judge Allan van Gestel said in his ruling.

      "We are gratified that, after nearly a year of adverse and misleading public statements leveled against us, a respected judge has seen through to the actual merits of the case and has ruled in favor of Boston College," BC athletic director Gene DeFilippo said in a statement.

      Big East commissioner Mike Tranghese said the conference was "extremely disappointed" in the decision and was considering an appeal.


      AP NEWS
      The Associated Press News Service

      Copyright 2004, The Associated Press, All Rights Reserved
      -08-19-2004, 01:22 PM
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