A conference switch would also mean more money for Sanders
Furthermore, in the event of a Conference Change, the University shall pay to Head Coach a one-time payment in the amount of One Hundred Thousand Dollars ($100,000) (the Conference Change Payment ).
Is Jackson State planning on leaving the SWAC? It doesn’t appear likely at the moment, but then again who thought three teams would leave the MEAC this time last year.
If JSU decides to pull the plug early
If University terminates this Agreement without cause prior to December 15, 2021, University will compensate the Head Coach, as liquidated damages and not as a penalty, the amount equal to the remaining Base Salary remaining to be paid pursuant to this Agreement. If the University terminates this Agreement without cause on or after December 15, 2021, the University will compensate the Head Coach, as liquidated damages and not as a penalty, the amount equal to twelve (12) months of Head Coach’s then-current Base Salary.
The University will make such payments as described in Section 7(a) to the Head Coach in equal monthly installments (calculated by dividing the amount to be compensated to the Head Coach as set forth in this Section divided by the number of months remaining in the term of the Agreement) over the remaining term of the Agreement or over twelve (12) months, whichever is the shorter period.
If Sanders decides to go
This Agreement may be immediately terminated by the Head Coach at any time prior to its expiration, upon written notice, if the University breaches any of the University’s material obligations under this Agreement and such failure continues for a period of thirty (30) days following receipt of a written notice from the Head Coach of such failure or breach. The Head Coach shall not be required to provide an opportunity to cure under this section if the breach cannot be reasonably cured. If the Head Coach terminates this Agreement pursuant to this subsection (c), the University will compensate the Head Coach, as liquidated damages and not as a penalty, the amount equal to eighteen (18) months of Head Coach’s then- current Base Salary.
(d)
By Employee without cause:
Head Coach may terminate this Agreement without cause, upon written notice to University. If the Head Coach terminates this Agreement without cause and the Athletic Director of the University as of the date hereof is still employed in such capacity by the University, Head Coach will be obligated to pay the University an amount equal to 50% percent of the Base Salary remaining under the contract.
Notwithstanding the foregoing, the University acknowledges that the Head Coach may retire from coaching without the obligation to pay the foregoing to the University. Should the Head Coach retire from coaching but later return to work as a coach for a college or professional football team, at any time during the term of this Agreement (not including any extensions hereof), the foregoing obligation to pay the University pursuant to this subsection (c) shall remain in effect.
There are HBCU coaches who make more per year than Deion Sanders. But between winning incentives, the strong possibility for money from the gate and getting a bonus for possibly switching divisions, its clear that Sanders’ name and brand give him a shot at getting compensated handsomely. Add in some help from Under Armour and he could be making FBS-like money if his team performs.
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