This form is a generic example of a contract between a College and the Director of Athletics of the College's intercollegiate sports teams. It covers such provisions as:
" Employment Duties;
" Term and Renewal;
" Compensation (both regular and supplemental);
" Duties;
" Ground for Termination and Consequences of Termination
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Generally, a large proportion of a coach's total compensation will be in exchange for duties that satisfy the university's media, sponsorship, and apparel contracts, including a grant of the coach's name, likeness and image (collectively, referred to as supplemental compensation).
Athletic directors (ADs) generally oversee all aspects of an athletic program, including hiring coaches, scheduling, budget preparation, promotion, compliance, and facility management.
The highest-paid coach in college football in 2020 is Alabama's Nick Saban, who $9.3 million, nearly $9 million more than the lowest-paid FCS head coach in Coastal Carolina's Jamey Chadwell ($318,966).
In 2008, the Bureau of Labor Statistics cited the base salary for an assistant football coach in Division III at a median range of $39,550. Salaries tend to vary based on the assistant coach's education, his experience, and the financial status of the school.
According to a USA Today report that was released on Wednesday morning, University of Alabama coach Nick Saban is once again college football's highest-paid coach with a salary of $9.3 million. Saban made $8.7 million in compensation in 2019.
According to USA Today, athletic directors at Division 1 universities whose football teams play in the Football Bowl Subdivision made about $515,000 on average in 2013, the most recent information available at the time of publication.
The NCAA currently prohibits student-athletes from selling autographs, accepting money as "gifts" and having contact with an agent without losing their "amateur" status and becoming ineligible to continue playing in NCAA games.
The buyout clause allows the school to remove its coach without paying the full value remaining on the contract. For example, instead of paying Friedgen more than $2 million, the University of Maryland could pay him a percentage of his salary for each of the years remaining. The buyout also works for the coach.
They sign an agreement with the college or university in the form of a letter of intent, which is a binding agreement between the athlete and an institution.However, no financial compensation may be awarded to athletes in exchange for their athletic talents in that particular sport.
