Minnesota basketball coach Tubby Smith
finalized a contract Tuesday that will pay him $1.75 million
annually.
The seven-year contract - the largest for a university employee
- was signed about nine months after the former Kentucky coach was
hired to rebuild a Gophers program that lost a record 22 games last
season.
"Certainly, we were happy to finally get everything finalized
with our contract as well," Smith said. "We finally got that all
done. The lawyers stretched it out long enough, but I'm happy to
have that done."
Smith will get $250,000 in annual deferred retirement payments
beginning in 2011. His contract also includes several incentives,
such as $500,000 if the Gophers win the national championship,
$250,000 for winning the Big Ten regular-season title and $100,000
for making the NCAA tournament.
So far, the Gophers are 6-1 under Smith.
Earlier this year, Gophers football coach Tim Brewster signed a
five-year contract that includes $1 million annually in guaranteed
money and as much as $700,000 in performance bonuses. Brewster has
an $800,000 salary enhanced by $200,000 in annual deferred
retirement compensation.