Blog Entry

ASU covers $1M buyout as part of Graham contract

Posted on: December 20, 2011 3:04 pm
Edited on: December 20, 2011 6:24 pm
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Posted by Jerry Hinnen

The Arizona State search to replace Dennis Erickson got its man in Todd Graham, but it didn't come without a high cost in negative press for the new Sun Devil head coach--or, as Tuesday's revealed contract details show, an equally high price in cold, hard cash.

The full details are available as an executive summary from the school's Board of Regents here (PDF), with Graham's deal set to award him $2 million per season over five seasons, a total of $10 million if Graham serves the length of the contract or if the school fires him beforehand. The contract also includes a minor $50,000 escalation for each year Graham stays in Tempe.

Perhaps the most interesting detail, however, is that the Sun Devils were desperate enough to grease the tracks of Graham's messy departure from Pitt with $1 million in buyout money. 

Other interesting tidbits:

-- As with most FBS coaches, Graham has a litany of bonuses built into his contract, up to $750,000 for winning the BCS national title game. (Good luck with that, Mr. Graham.) But he must "forfeit and repay all compensation and bonuses paid" if any of the accomplishments which triggered those bonuses are vacated by the NCAA. Here's a guess that Graham will want a beefier Sun Devil compliance office soon.

-- Graham cannot leave the Sun Devils for another Pac-12 job "for the rest of the original contract's term," or at least not without (we're speculating) a sizable legal fight.

-- Per the Arizona Republic"As football coach, Graham receives tickets to ASU sporting events, the use of two automobiles or a stipend, golf privileges at the ASU Karsten Golf Course, reimbursement of membership fees and monthly dues at a country club and one-time payment of relocation expenses." Good work if you can get it, huh?

Of course, what remains surprising about the Graham move is that the Sun Devil job still seems like outstanding work for a coach who'd just gone a mediocre-at-best 6-6 at Pitt to get. Though $2 million isn't outrageous, the contract (and buyout repayment) still does nothing to alter the perception that Graham
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Comments
DEX_MORGAN
Since: Dec 14, 2011
Posted on: December 23, 2011 12:08 am
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DEX_MORGAN
Since: Dec 14, 2011
Posted on: December 21, 2011 11:56 pm
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Since: Aug 8, 2009
Posted on: December 21, 2011 10:56 pm
 

ASU covers $1M buyout as part of Graham contract

cutty240- You should try passing middle school English before you comment on college sports. You are the opposite of less off.




Since: Oct 17, 2010
Posted on: December 21, 2011 10:41 pm
 

ASU covers $1M buyout as part of Graham contract

I'm in the wrong business! A couple of million to be average and with a bad attitude. Thats whats wrong with corp and exec pay. Time to knock it down by 75%



Since: Jun 26, 2009
Posted on: December 21, 2011 4:21 pm
 

ASU covers $1M buyout as part of Graham contract

Thats funny, a mil dollar buyout. He must love Arizona State so much that nobody is worried about him leaving. The guy preaches morals, principals, high character traits, but shows none of them on himeself. Married 3 times, with 6 kids to three different women, but your not allowed to talk about that. Also, having no choice but to leave Pitt the way he did, kicking a Pitt official from his house and calling him an --------, and I'll call the police, all because he wanted to see if Todd was still the coach. Guess he was not, he just did not tell anyone. Telling the players, that he will be fine because he makes alot of money and is a businessman, thats why"the buyout at Pitt is only 1 mil".. Remeber that Todd at South Side steaks in Pittsburgh after a couple of those cocktails and those I hate Pittsburgh jokes and bla bla bla. Todd is real character guy, that is a true statement, he is just a true character for himself only. Nothing against Arizona State, and actually Arizona State fans will be on my side after they learn that their coach is well, Ill let them tell me in a bit.


ARKY111
Since: May 27, 2008
Posted on: December 21, 2011 1:33 pm
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Since: Dec 20, 2006
Posted on: December 21, 2011 1:30 pm
 

ASU covers $1M buyout as part of Graham contract

ASU paying big time for an average coach!  They will regret this hire for a long time.  Graham is not a good coach but he is being treated as one.  What a joke and panic hire.  I feel bad for his players as they will become the reason this snake oil salesman is not successful.  He will put the blame on them and fail to see his poor coaching tactics.  We have some High Octane Billboards  for sale ASU, you can get them for CHEAP, much cheaper than you got the scum bag for.  GOOD RIDANCE TODD GRAHAM, YOU ARE NOT A STAND UP MAN. YOU ARE A JOKE!



Since: Aug 1, 2008
Posted on: December 21, 2011 8:37 am
 

ASU covers $1M buyout as part of Graham contract

cutty240 prior to calling anybody else stupid you should learn proper english since your post makes YOU look STUPID idiot!!!!!


football365
Since: Dec 20, 2011
Posted on: December 20, 2011 10:34 pm
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football365
Since: Dec 20, 2011
Posted on: December 20, 2011 10:32 pm
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