If there’s no money in P5 football, why is Houston doing this?
The University of Houston obliterated the pay scale for football coaches at schools outside the five power conferences on Thursday when it disclosed the details of its contract with newly hired Dana Holgorsen.
The five-year deal’s basic value is a total of $20 million, and Holgorsen’s pay for the 2019 season is currently set to make him the highest-paid football coach at a Group of Five public school by $1.1 million…
Houston will provide Holgorsen up to $4.5 million, not including standard fringe benefits, to cover the salaries of 10 assistant coaches, a strength coach and other off-field support, operations and recruiting personnel “deemed necessary to successfully operate the Football program.”
“Successfully operate”, eh? What that means…
If Houston’s football team is invited to join a Power Five conference, the university will renegotiate Holgorsen’s deal. In addition, if Holgorsen is the head coach when the school accepts such an invitation, he would get an additional $1 million payment two years later as long he doesn’t leave or get fired for cause.
I keep saying it, but it’s easy to throw money at a problem when you don’t have to pay the hired help. That’s why these guys are so smart.