Home General CBB News Clemson’s Monte Lee Contract Details Released

Clemson’s Monte Lee Contract Details Released

by Brian Foley
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Clemson head coach Monte Lee’s contract details were posted today by Tigernet.com. Some of the things that are included are pretty interesting. Here is a list of them:

Performance incentives

*ACC Tournament wins (max 4) $2,500 per win AND $10,000 for being ACC Tournament Champion.

*NCAA Regional win (max 3) $5,000 per win AND

NCAA Super Regional Appearance $5,000 AND

NCAA Super Regional win (max. 2) $10,000 per win AND

NCAA World Series Appearance: $5,000 AND

NCAA World Series win (max. 5) $10,000 AND

NCAA World Series Champion $80,000

Also

*Academic Achievement APR >= 965 $5,000

*Bonus Potential = $200,000

*Standard Fringe Benefits Standard University unclassified employee package including state retirement benefits

*Automobiles Employee’s option of one (1) vehicle under dealer program or one (1) monthly stipend of $600.

*Outside Income Activities which earn outside income subject to approval by the Director of Athletics and must be consistent with NCAA regulations including annual disclosure requirements. All equipment and apparel contracts shall be held by the University.

University buyout

*Should the university terminate Lee early without cause the university will pay the base salary for the remaining term of the contract. Payment can be in a lump sum or at the discretion of the school.

*Amount listed below reflects amount owed Coach should termination occur on the

first day of the contract year.

Buyout

Year 1 $1,125,000

Year 2 $900,000

Year 3 $675,000

Year 4 $450,000

year 5 $225,000
If Lee should terminate this agreement early without cause to take another coaching position not at an ACC or SEC member institution, then Lee will pay to the University within thirty (30) days of termination 25% of BASE SALARY for the remaining term of the contract.

Should Lee terminate this agreement early without cause to take another coaching position at an ACC or SEC member institution, Lee will pay to the University within thirty (30) days of termination 50% of remaining BASE SALARY for the remaining term of the contract.

Amount listed below reflects amount owed University should termination occur on

the first day of the contract year.

Non-ACC/SEC OR ACC/SEC

Buyout OR Buyout

1 $281,250 OR $562,500

2 $225,000 OR $450,000

3 $168,750 OR $337,500

4 $112,500 OR $225,000

5 $56,250 OR $112,500

Source: Tigernet

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