There is a pretty in-depth look at his contract and incentives in the article below from the Richmond Times-Dispatch this morning. Does this make Shaka Smart the A-10's highest paid coach?
Virginia Commonwealth University basketball coach Shaka Smart received a $100,000 increase and several new provisions in a recently signed eight-year contract that could pay him more than $1.36 million annually.
The new deal, signed on June 29, runs through 2020. It pays Smart $450,000 in base salary, $800,000 in supplemental income and $60,000 in deferred compensation. His previous contract paid $700,000 in supplemental income.
The contract includes new provisions for promoting and participating in radio/TV shows affiliated with the university ($25,000) and speaking engagements or attendance at events on behalf of the university ($25,000), as well as a $10,000 clothing allowance that was part of his previous deal.
It also includes numerous incentives.
Smart, who was sought by several major schools, would pay VCU a $700,000 buyout if he leaves before May 1, 2013 to become a head coach at another college or with a professional or semiprofessional team. The buyout is reduced by $100,000 in each subsequent year. A school that hired Smart as its head coach also would have to play a home-and-home series with VCU or pay a $250,000 buyout.
After Smart turned down an offer from Illinois in March, VCU said it was making small changes in Smart's eight-year contract. The details were not released then because they had not been finalized.
VCU sent a copy of the contract to The Times-Dispatch on Monday.
As in the previous contract, Smart has a rollover clause that could take the deal from eight years to 12 years, or through 2024. It automatically is extended one year for each of the first four years he stays.