New USF Men’s Basketball Coach Bryan Hodgson Signs Lucrative Deal
Hodgson’s Compensation Details
New USF men’s basketball coach Bryan Hodgson has signed a six-year, $8.25 million deal that includes a staff salary pool well in excess of $1 million and a $900,000 buyout to previous employer Arkansas State.
Comparison to Previous Coach
The compensation is slightly more than the original deal of predecessor Amir Abdur-Rahim, who signed a six-year, $7.35 million deal two years ago. Abdur-Rahim got a new six-year, $11.55 million deal last June after leading the Bulls to the program’s first regular season conference title and a school-record 25 victories. He died less than five months later.
Hodgson’s Past Success
Hodgson, who helped orchestrate Alabama’s rise under coach Nate Oats, led Arkansas State to consecutive 20-win seasons and the program’s first postseason berth in 25 years during his two years in Jonesboro.
Salary and Benefits Breakdown
Including his annual $500,000 base salary and additional compensation and benefits, Hodgson will make $1.25 million in the upcoming season, with a gradual increase to $1.5 million by the 2030-31 season.
Contract Details
The contract stipulates that USF must pay $900,000 to the Red Wolves Foundation. Hodgson’s staff salary pool starts at $1.25 million and reaches $1.5 million in the final year.
Buyout Provisions
If Hodgson leaves USF for another job, his buyout starts at $2 million and gradually decreases over time. His buyout costs will be reduced by 50% if Michael Kelly is no longer USF’s athletic director after April 16, 2027.
Future Scenarios
The contract includes a provision for renegotiation if USF joins a Power Four conference, ensuring an increase in compensation for each remaining year on the agreement.
Conclusion
Bryan Hodgson’s lucrative deal as USF men’s basketball coach comes with significant compensation and benefits, showcasing the value placed on his coaching abilities and past success.
FAQs
Can Bryan Hodgson’s buyout amount change?
If certain conditions are met, such as the resignation of USF’s athletic director, Michael Kelly, Hodgson’s buyout costs can be reduced.
What happens if USF joins a Power Four conference?
If USF joins a Power Four conference during the contract period, Hodgson and the school will renegotiate the deal to ensure appropriate compensation.
How does Hodgson’s salary increase over the years?
Hodgson’s salary starts at $1.25 million and gradually rises to $1.5 million by the 2030-31 season.