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The latest news and analysis on the Montlake Dawgs.

June 5, 2009 at 11:38 AM

Details of Sarkisian’s contract revealed

As we do for every new coach at the University of Washington, the Times requested a copy of Steve Sarkisian’s complete contract, and it arrived this week.
To answer one question several of you have asked, Sarkisian has indeed signed it, doing so on Feb. 4, which interestingly enough was also letter-of-intent signing day. So it obviously wasn’t just a bunch of football players giving a written commitment to UW that day.
It’s a five-year contract that runs from Dec. 7, 2008 to Dec. 6, 2013.
The financial details are as revealed on the day he was introduced — he will make a guaranteed $1.75 million in 2009, a number that gradually increases to $2.3 million by 2013.
The guaranteed money comes from five basic sources: base salary, regular media compensation (paid appearances on TV and radio shows, etc.), personal appearances and consultations (including three on behalf of NIKE and an unspecified number on behalf of other school sponsors as well as clinics, etc.), speaking and representation (specifically, alumni functions), and a housing allowance.
The housing allowing is $150,000 a year.
The other four all escalate from year one to year five.
The base salary is as follows from year one to year five: $300,000; $330,000; $360,000; $390,000; $420,000.
The regular media compensation is paid as follows: $500,000; $530,000; $570,000; $600,000; $660,000.
The pay for appearances and consultations is as follows: $420,000; $440,000; $480,000; $505,000; $560,000.
And the regular pay for speaking and representation: $380,008; $400,004; $440,004; $445,000; $510,004.
For 2009, that adds up to $1,750,008 escalating to $2.300,004 million for of the final year.
The school will also pay the cost for Sarkisian’s family to attend all away football games and any bowl games, as well as two additional business-related trips each year. He also receives two vehicles from the school’s courtesy car program with the school paying $1,200 per year in insurance, as well as a country club membership (not specified where).
There are also a variety of performance incentives that can pay Sarkisian up to, but no more than, $1.25 million per year.
They include $350,000 for winning the Pac-10 title, $150,000 for playing in a non-BSC bowl, $400,000 for a BCS bowl, and $500,000 for winning the BCS title and playing in a BCS bowl game.
He can also earn $250,000 in academic incentives, including $50,000 for a 70 percent graduation rate, $75,000 for 75 percent and $125,000 for 80 percent. As well, he can earn $50,000 for an APR of 950, $75,000 for an APR of 960 and $125,000 for an APR of 970. (He wouldn’t have gotten any from the first one last year as UW’s graduation rate was 65 percent but he would have qualified for the latter as UW’s APR was 954).
The other key parts of it are the buyout if Sarkisian leaves early and if he is fired without cause (meaning, not winning enough games — with cause is reserved for being fired for other reasons, such as NCAA violations or something, in which case he gets nothing).
If Sarkisian is fired without cause at any time before the contract runs out, he will be owed 60 percent of the remaining guaranteed compensation, payable over a 24-month period from the date of termination. So, if he were to be fired after year four, he would be owed 60 percent of the $2.3 million owed him the last season, etc.
Sarkisian’s penalties for leaving before the contract is concluded are as follows: $3 million for leaving during the first year, $2.5 million for leaving during the second and third year, and $1.5 million for leaving during the fourth or fifth year.
Tyrone Willingham, if you recall, had a buyout of $1 million if he were fired after the fourth year of his deal, so Sarkisian would receive a little more, though his overall compensation is higher, as well. Willingham’s penalties for leaving early were also less severe, ranking from $1 million the first three years to $500,000 by year five.
Willingham had a guaranteed salary of about $1.4 million, with the basic numbers staying the same each year.

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