AggieJohn
03-31-2005, 09:57 PM
Texas A&M football coach Dennis Franchione received a $300,000 raise this month that increased his annual salary to $2 million.
Franchione’s base salary of $500,000 in the contract he signed in 2002 remains the same, with a one-year extension added. The contract now runs through 2012.
The $300,000 increase — effective March 1 — comes through an annual compensation package funded by radio and television shows, clothing and shoe deals and other corporate sponsorships.
A copy of Franchione’s contract was obtained by The Dallas Morning News under the Texas Public Information Act and provided to The Eagle.
Franchione, who is in his third year at A&M, led the Aggies to a 7-5 record last season. He received a $37,500 bonus for reaching the SBC Cotton Bowl, the school’s first bowl game since the Galleryfurniture.com Bowl in 2001.
A&M was 4-8 in Franchione’s first year.
The other perks in his contract remain the same. The package includes the use of two cars and a country club membership. Franchione also receives an annual expense allowance of $12,000, and the athletics department contributes $7,500 toward a $3 million life insurance policy — of which the department is a 50 percent beneficiary.
Bonuses Franchione can earn are:
• $37,500 for making the Big 12 title game.
• $37,500 for winning the Big 12 title game.
• $25,000 for being named Big 12 coach of the year.
• $50,000 for being named national coach of the year by the American Football Coaches Association.
• $100,000 for appearing in the national championship game.
• $100,000 for winning the national championship game.
Franchione’s raise came on the heels of the University of Texas giving football coach Mack Brown an extension and raise.
Brown’s deal goes through 2014 and will pay him nearly $2.2 million in 2005. That amount will increase by at least $100,000 each year, topping $3 million by the contract’s final year.
About a dozen college coaches make $2 million or more a year.
Oklahoma’s Bob Stoops has an annual package worth $2.3 million. Nick Saban was paid $2.3 million last season at Louisiana State; he would have earned $2.4 million this season but left for the NFL’s Miami Dolphins.
Tennessee’s Phillip Fulmer, Florida State’s Bobby Bowden, Auburn’s Tommy Tuberville and Florida’s Urban Meyer also make at least $2 million annually.
Franchione’s base salary of $500,000 in the contract he signed in 2002 remains the same, with a one-year extension added. The contract now runs through 2012.
The $300,000 increase — effective March 1 — comes through an annual compensation package funded by radio and television shows, clothing and shoe deals and other corporate sponsorships.
A copy of Franchione’s contract was obtained by The Dallas Morning News under the Texas Public Information Act and provided to The Eagle.
Franchione, who is in his third year at A&M, led the Aggies to a 7-5 record last season. He received a $37,500 bonus for reaching the SBC Cotton Bowl, the school’s first bowl game since the Galleryfurniture.com Bowl in 2001.
A&M was 4-8 in Franchione’s first year.
The other perks in his contract remain the same. The package includes the use of two cars and a country club membership. Franchione also receives an annual expense allowance of $12,000, and the athletics department contributes $7,500 toward a $3 million life insurance policy — of which the department is a 50 percent beneficiary.
Bonuses Franchione can earn are:
• $37,500 for making the Big 12 title game.
• $37,500 for winning the Big 12 title game.
• $25,000 for being named Big 12 coach of the year.
• $50,000 for being named national coach of the year by the American Football Coaches Association.
• $100,000 for appearing in the national championship game.
• $100,000 for winning the national championship game.
Franchione’s raise came on the heels of the University of Texas giving football coach Mack Brown an extension and raise.
Brown’s deal goes through 2014 and will pay him nearly $2.2 million in 2005. That amount will increase by at least $100,000 each year, topping $3 million by the contract’s final year.
About a dozen college coaches make $2 million or more a year.
Oklahoma’s Bob Stoops has an annual package worth $2.3 million. Nick Saban was paid $2.3 million last season at Louisiana State; he would have earned $2.4 million this season but left for the NFL’s Miami Dolphins.
Tennessee’s Phillip Fulmer, Florida State’s Bobby Bowden, Auburn’s Tommy Tuberville and Florida’s Urban Meyer also make at least $2 million annually.