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The framework for Jay Norvell’s contract as Colorado State’s next head football coach was provided by the university following his introductory news conference Tuesday.
The term sheet for Norvell’s five-year, $9 million deal with CSU included specifics on annual salary, potential bonus payments and the pool of money available to pay assistant coaches ($3 million). It also listed buyout figures for both parties, should either wish to terminate the deal.
As part of Norvell’s base compensation package, the 58-year-old will receive $1.6 million his first year in Fort Collins, with annual raises of $100,000 through 2026, when he’s slated to be paid $2 million.
In addition to base pay, Norvell is eligible to receive bonuses for achieving a number of benchmarks with the Rams. A breakdown of potential bonus payments:
- $25,000 winning four conference games
- $25,000 for winning five conference games
- $50,000 for winning six conference games
- $50,000 for winning seven games in a season
- $50,000 for winning eight games in a season
- $50,000 for winning nine games in a season
- $50,000 for winning 10 or more games in a season
- $50,000 for reaching the conference championship game
- $50,000 for winning the conference championship game
Bowl Game/Playoff bonuses
- $50,000 for reaching bowl game
- $50,000 for winning bowl game
- $100,000 for College Football Playoff “host bowl” selection
- $150,000 for College Football Playoff semifinal selection
- $200,000 for playing in College Football Playoff final
- $100,000 for winning College Football Playoff
- $25,000 for being named conference coach of year once
- $50,000 for being named conference coach of year twice
- $75,000 for being named conference coach of year three times
- $100,000 for being named conference coach of year four times
- $125,000 for being named conference coach of year five times
- $100,000 for being named national coach of the year
If the university terminates the deal without cause, it would owe Norvell $4 million in 2021-22, $3 million in 2023, $2.5 million in 2024 and $1.5 million in 2025. The school would not have to pay Norvell anything if he was fired for cause.
If Norvell were leave CSU without just cause, he would owe the university $4 million in 2021-22, $3 million in 2023, $2 million in 2022 and $1 million in 2025.