Speaking of big, Weis does fit that bill, in size and profit. Federal tax documents obtained by the Chicago Tribune show that Notre Dame made a termination payment of $6,638,403 to Weis sometime after he and the school parted ways. That was just an initial termination payment; the documents also reveal that Weis will receive “much smaller annual payments through December, 2015″ as part of his severance package.
Weis, who spent a year with the Kansas City Chiefs after his Irish departure and is now the offensive coordinator at Florida, signed a 10-year contract extension in the middle of his first season with the Irish in 2005 that was slated to run through the 2015 season.
So, here it is, for posting a 35-27 mark as the Irish coach, including an dismal 16-21 record his last three years in South Bend, Weis will receive in excess of $7 million above and beyond what he was paid in salary during those five years! Besides the fact that the school is also paying for a new head coach as well!
Not to mention the fact that Weis is also pulling in $765,000 in the first year of his new gig with the Gators, with contractually guaranteed raises of $100,000 in each of the next two seasons.
Yeah, it is a big benefit to be Weis...all the way to the bank!
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