Neal Brown’s Term Sheet With WVU

Neal Brown’s Term Sheet With WVU


MORGANTOWN, W.Va.–West Virginia head football coach Neal Brown’s agreement to coach the WVU football team begins with a salary of $3,050,000 for 2019, rising to $3,300,000 in 2024, the last year of the six-year deal.

His term sheet with the Mountaineers contains the following items:

West Virginia head football coach Neal Brown (left) and president E. Gordon Gee listen as Director of Athletics Shane Lyons details Brown’s hiring process

Brown will make the following base amounts each season:

2019     $3,050,000

2020     $3,100,000

2021     $3,150,000

2022     $3,200,000

2023     $3,250,000

2024     $3,300,000

If WVU would terminate Brown without cause on or before Dec. 31, 2020, he will receive 100 percent of his remaining compensation. From Jan. 1, 2021 to Dec. 31, 2024, he would receive 75 percent of his remaining compensation if he is fired without cause. On the other side, if Brown leaves the Mountaineers on or before Dec. 31, 2020, he would owe the University liquidated damages of $4 million. That number drops to $3.5 million in 2021, $2.5 million in 2022 and $1 million from Jan. 1, 2023 to Dec. 31, 2024.

Also included in the term sheet are several performance bonuses, many of which have been standard offerings from West Virginia in the past, as well as across the college football landscape. For Brown, that includes an additional $100,000 if WVU participates in the conference championship game and $150,000 more if it wins the conference championship game. He gets $250,000 if “the conference does not have a conference championship game in a particular agreement year, and University is named the Big 12 (or successor conference) champion in that same year.”

Brown also gets a $25,000 bonus for an appearance in a Big 12 lower tier bowl (non-CFP) and $25,000 more if the Mountaineers win it. That bonus goes up to $50,000 for an appearance in a higher tier Big 12 bowl (Alamo, Camping World and Texas) and $50,000 additional for a win. There is a $150,000 bonus for a CFP bowl appearance, and $150,000 if the Mountaineers win. A CFP semifinal appearance earns Brown a $200,000 bonus, a national championship game appearance earns another $250,000 and there is an additional $300,000 bonus if WVU wins the national title.

There are also coach of the year award bonuses ($50,000 for the Big 12 coach of the year and $100,000 for the national coach of the year), and Academic Performance Rating bonuses ($20,000 for an APR or 945 to 964, and $30,000 for 965 or higher).

The term sheet also includes a section in which WVU agrees to pay $300,000 to Troy to satisfy Brown’s buyout with the Trojans, plus any additional monies needed to make the matter tax neutral.

In addition, West Virginia agrees to allocate $3.5 million for Brown’s assistant coaching budget.

The term sheet was signed by both Brown and WVU director of athletics Shane Lyons on Jan. 4, 2019. The negotiations of a formal employment contract will follow “as soon as possible,” though sometimes it can take a few weeks or even months to work through the finer points of the actual contract.

 

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