As promised, I requested a copy of Brady's contract. Here are some bullet point details of the contract. This contract was agreed upon on February 24, 2011 and runs through March 31, 2016. The big question about the buy out is addressed later in this post, but to throw it out there, A-State would owe him $250,000 if they fired him after this season. More details are below.
He makes the maximum for state employees per fiscal year ($100,000) in bi-weekly installments.He's entitled to fringe benefits (sick leave, long term disability, retirement, etc).He's entitled to have out of pocket expenses reimbursed by the university including but not limited to travel for the NCAA tournament.He has a country club membership paid for by the university.The university provides a cell phone.He receives 10 tickets and preferred parking for each home basketball games.He receives 4 tickets and preferred parking for home football games.He is required to meet certain media responsibilities for the university.He can undertake in commercial endorsements. He is bound to university endorsements for uniforms, shoes, etc.He can receive income from speeches, appearances, written materials, etc.He can receive income from sports camps.He must turn in written statements by Sept. 1 of each year showing all outside compensation he received.He is authorized for bonus pay according to NCAA bylaws, but can forfeit pay if NCAA rules are broken.
His employment can be terminated for just cause under the following provisions:
Any neglect or failure to perform any duties under the signed agreement.Insubordination in the employment of his duties.Fraud or dishonesty or evidencing bad faith towards the university.Significant NCAA violations Conduct that is seriously prejudicial to the university.A prolonged absence from duty without consent from his employer.Any cause sufficient to sustain termination of other university employees.
Brady's buyout if he isn't terminated for just cause.
1st year termination - $975,0002nd year termination - $875,0003rd year termination - $775,0004th year termination - $605,0005th year termination - $250,000
If he is terminated for just cause, the university is not obligated to pay any buy out.
There are other parts to the contract and some miscellaneous items in his contract. I'm providing a link to the contract below for anyone who wants to look through the entire thing.
CLICK HERE FOR JOHN BRADY'S CONTRACT.
EDIT: One other note: Brady was still receiving compensation from LSU when he first took the job and requested lower pay due to that according to Jim Harris, another writer who covered the hiring when ArkansasSports360.com was still around.
This post was edited on 1/13 1:25 PM by Luke Matheson
He makes the maximum for state employees per fiscal year ($100,000) in bi-weekly installments.He's entitled to fringe benefits (sick leave, long term disability, retirement, etc).He's entitled to have out of pocket expenses reimbursed by the university including but not limited to travel for the NCAA tournament.He has a country club membership paid for by the university.The university provides a cell phone.He receives 10 tickets and preferred parking for each home basketball games.He receives 4 tickets and preferred parking for home football games.He is required to meet certain media responsibilities for the university.He can undertake in commercial endorsements. He is bound to university endorsements for uniforms, shoes, etc.He can receive income from speeches, appearances, written materials, etc.He can receive income from sports camps.He must turn in written statements by Sept. 1 of each year showing all outside compensation he received.He is authorized for bonus pay according to NCAA bylaws, but can forfeit pay if NCAA rules are broken.
His employment can be terminated for just cause under the following provisions:
Any neglect or failure to perform any duties under the signed agreement.Insubordination in the employment of his duties.Fraud or dishonesty or evidencing bad faith towards the university.Significant NCAA violations Conduct that is seriously prejudicial to the university.A prolonged absence from duty without consent from his employer.Any cause sufficient to sustain termination of other university employees.
Brady's buyout if he isn't terminated for just cause.
1st year termination - $975,0002nd year termination - $875,0003rd year termination - $775,0004th year termination - $605,0005th year termination - $250,000
If he is terminated for just cause, the university is not obligated to pay any buy out.
There are other parts to the contract and some miscellaneous items in his contract. I'm providing a link to the contract below for anyone who wants to look through the entire thing.
CLICK HERE FOR JOHN BRADY'S CONTRACT.
EDIT: One other note: Brady was still receiving compensation from LSU when he first took the job and requested lower pay due to that according to Jim Harris, another writer who covered the hiring when ArkansasSports360.com was still around.
This post was edited on 1/13 1:25 PM by Luke Matheson
