According to Angelique S. Chengelis of the Detroit News, new Michigan head football coach Brady Hoke and athletic director David Brandon have finally come to terms on a 6 year contract that will pay Hoke $2 million his first season with the team. The base salary is reportedly worth $300,000 with a $1.7 million in additional compensation.
“It’s really been a very positive, pleasant process from the perspective both parties were anxious to enter the agreement,” Brandon said in a telephone interview. “We worked through it at a natural pace.”
Furthermore Hoke will have his pay increase by $100,000 for the next six years of the contract. There is also a stay bonus of $1.5 million after three years and another $1.5 million after the sixth.
Among the head football coaches in the Big 10, Hokes salary ranks fourth in 2010. Chengelis states that last season Ohio State coach Jim Tressel made $3.88 million, Iowa coach Kirk Ferentz $3.78 million and Nebraska coach Bo Pelini made $2.1 million.
Source: Detroit News
