USC head coach Steve Spurrier received a two-year contract extension Tuesday after leading the Gamecocks to their second-ever 10-win season this year. The deal will keep Spurrier at South Carolina through 2015. He did not get a raise. Spurrier received a $1 million a year pay boost last season after the Gamecocks won their first SEC Eastern Division title.“I appreciate the administration agreeing that the head coach should have four years remaining on his contract to show the recruits and fans that he plans to be here,” Spurrier said in a statement. “Our football program is headed in the right direction. We’ve had some success and have had some good things happen here, but winning the SEC is one goal we have not yet reached. We hope and believe we can do that in the next four years.”
He is earning an average of $2.86 million a season in his latest contract. He started at USC in 2005 making $1.25 million. He also is receiving a one-time $1 million tax-deferred retirement plan at the end of the year. Much of Spurrier’s salary comes from compensation paid by contracts the athletics department receives from broadcasters, athletic apparel markers and commercial endorsements.
The extension was approved this morning by the USC Board of Trustees executive committee. The full board will vote on the deal later today.
No comments:
Post a Comment