Monday, June 13, 2011

Chizik contract comes with hefty buyout

AUBURN – Auburn released coach Gene Chizik’s new contract Monday, and the only real surprise in the details is that it would cost the Tigers more to get rid of Chizik than to keep him.
Chizik’s new contract calls for him to receive $3.5 million per year through 2015, but if Auburn decides to terminate him without cause next year it will cost them $10 million.
The buyout decreases to $7.5 million in year two of the contract, to $5 million in year three, $3.5 in year four, with no buyout beyond that.
Chizik may buy his way out of the contract at any time for $3.5 million.
Meanwhile, Auburn’s assistants are now the nation’s highest paid according to details of their contracts which the school also released on Monday.
Auburn’s assistants will earn a combined $4.085 million, which ranks just ahead of Mac Brown’s staff at Texas, which will earn $3.615 million.
Auburn offensive coordinator Gus Malzahn is the Tigers’ highest-paid assistant at $1.3 million per year.
Defensive coordinator Ted Roof is next at $500,000 per year.
Wide receivers coach Trooper Taylor’s new contract will play him $425,000, followed by offensive line coach Jeff Grimes ($400,000), running backs coach Curtis Luper ($330,00), safeties coach Tommy Thigpen ($320,00), defensive line coach Mike Pelton ($300,000), special teams coach Jay Boulware, ($255,000) and cornerbacks coach Phillip Lolley, ($225,000).

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