Friday Oct. 24, 2008
ANN ARBOR, Mich. (AP) -- Rich Rodriguez is finally under contract as Michigan's head coach. The six-year deal that he signed Friday is worth at least $2.5 million a year. The school had said in January those terms had been agreed upon when he left West Virginia in December for Michigan.
The contract calls for Rodriguez to receive a first-year base salary of $300,000 plus $1,650,000 per year for television and radio shows, apparel compensation and promotions. Rodriguez also will accrue benefits under a
deferred-compensation plan that will cost the university $550,000
He also would get an extra $300,000 for each national championship that he wins or $200,000 for his team getting to the Bowl Championship Series game. The Wolverines (2-5) host Michigan State (6-2) on Saturday.
(Copyright 2008 by The Associated Press. All Rights Reserved.)