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August 2, 2007 at 9:40 PM

Romar’s new deal finalized

Lorenzo Romar’s new contract with Washington, which was agreed on last October, is expected to be officially announced on Friday.
Here’s the story on the new deal that we’ll run in tomorrow’s paper:
As you can read, Romar may be the highest-paid coach in the Pac-10.
Arizona’s Lute Olson makes a reported $1.47 million per year and UCLA’s Ben Howland $1.3 million, but I’m unsure if that includes all incentives or is just the guaranteed money.
Either way, Romar appears to be in the top three among Pac-10 coaches along with Olson and Howland.
As far as I can tell, no one else in the Pac-10 makes more than $1 million — Oregon’s Ernie Kent and Arizona State’s Herb Sendek are each reported to make exactly $1 million, though it’s worth pointing out that the salaries for USC’s Tim Floyd and Stanford’s Trent Johnson are not available since each is a private school and doesn’t have to divulge such numbers.
Cal’s Ben Braun makes a reported $982,000, while WSU’s Tony Bennett is at $800,000 and Oregon State’s Jay John $325,000 (though I have to believe the latter is really a little higher).
For what it’s worth, Gonzaga’s Mark Few is reported to make $590,000 per year.
As you can also read in the story, the buyout clauses in Romar’s new deal have yet to be announced.
His old contract called for Romar to pay UW $600,000 and forfeit all deferred income if he left in the first year, decreasing to $500,000 in the second year, $400,000 in the third year and then the base salary for the remainder of the contract.
It also called for him to pay UW $1 million plus forfeiting all deferred money if he left for another Pac-10 school at any time during the life of the deal.
UW’s payout for firing Romar was pretty hefty in the old deal —- it would have to pay him all deferred money plus $700,000 for every year remaining, due in a lump sum within 30 days. If the new deal has similar (or likely more favorable) terms, Romar will be pretty darn secure for quite a while.
The story also gives a comparison of Romar’s new deal to that of football coach Tyrone Willingham. Romar is creeping up on Willingham, but the football coach is still making more, both in guaranteed money and total potential compensation.

Comments | Topics: top 25, UCLA

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