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Lovie Smith contract at Illinois

Lovie Smith

Lovie Smith Photo Credit: AP

College: Illinois

Conference: Big Ten

State: Illinois

Base compensation

  • 2017 guaranteed pay: $3,000,000
  • Total contract pay: $22,807,692
  • Contract length: 6 years
  • Start date: 3/7/2016
  • Expires: 1/31/2022

Incentives

  • Retention bonus: $1,000,000 on 1/1/19; $1,000,000 on 1/1/22.
  • National title bonus: $200,000
  • CFP semifinal win: $125,000
  • CFP semifinal appearance: $200,000
  • Conference title bonus: $50,000 for appearing, additional $100,000 for winning
  • Conference regular season division title bonus: $50,000
  • Coach of the year award bonus: $50,000 for Big Ten coach of year; $75,000 for national coach of year.
  • Academic bonuses: per semester, $12,500 if team GPA if 2.5, $25,000 if team GPA is 2.75, $50,000 if team GPA is 3.00.
  • Car: two late-model cars and school pays insurance
  • Tickets: one suite, 2 VIP parking passes, 20 regular-season additional tickets; 20 tickets to away games; 4 season tickets and 1 parking pass to other sports
  • Golf/country club: local country club membership.

Other Perks

  • Miscellaneous perks: $50,000 for 10% increase in year-over-year paid attendance; spouse can ride on charter team flights
  • Buyout if coach leaves for another coaching job: $6,000,000 before 1/31/18; $5,500,000 before 1/31/19; $5,000,000 before 1/31/20; $4,500,000 before 1/31/21.

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