📡 Shane Beamer's contract has been released by UofSC. Note the base salary paid from UofSC.

[TerryP]

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Shane Beamer's contract has officially been approved by South Carolina's Board of Trustees, giving the new head coach a five-year deal.​

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Beamer's contract will pay him $2.75 annually in base salary with $1.1 million coming from the university and $1.65 more coming from athletic department rights holders.​

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Why do I find this interesting? Saban is getting 9.1 million this season and only 245K is coming from UA in the form of a base salary. What's that? A little over 75% more in base than Saban?

GamecockCentral - Beamer's contract approved by Board of Trustees

Beamer officially approved by the board.

southcarolina.rivals.com

Saban contract with UA:

https://2michy3wy0l30d34041dt1et-wpengine.netdna-ssl.com/football/wp-content/uploads/coach-contracts/nicksaban-ua-employment-contract.pdf

 

[OldPlayer]

Money is money. I'm sure there are guidelines and limits as to what the school (state) can pay or wants to pay. The athletic department/school is only a funnel to pay him.

 

[JoseyWalesTheOutlaw]

Salaries for ordinary college coaches are off the charts. Paying Gus 7 million for beating Bama in 2017. Ole Nick has done his part to help the economy since he arrived at Bama.

 

[planomateo]

When he gets terminated and the university is paying a larger portion of the buyout. Let's have the money is money conversation.

 

[Brandon Van de Graaff]

That puts him in the bottom half of the SEC basketball coaches. He doesn't deserve any more than that, but that doesn't make it any less funny.

 

[OldPlayer]

When he gets terminated and the university is paying a larger portion of the buyout. Let's have the money is money conversation.

As I read it, the university is paying the smaller amount. Beamer doesn't care where the money comes from. He gets $2.75 million one way or the other. The $2.75 million is smaller than every other SEC coach.

Here’s how SEC coaches rank for total pay in 2020.

Nick Saban (Alabama) – $9.3M
Ed Orgeron (LSU) – $8.919M
Jimbo Fisher (Texas A&M) – $7.5M
Kirby Smart (Georgia) – $6.934M
Gus Malzahn (Auburn) – $6.928M
Dan Mullen (Florida) – $6.07M
Mark Stoops (Kentucky) – $5.014M
Mike Leach (Mississippi State) – $5M
Will Muschamp (South Carolina) – $4.37M
Eliah Drinkwitz (Missouri) – $3.925M
Jeremy Pruitt (Tennessee) – $3.846M
Lane Kiffin (Mississippi) – $3.764M
Derek Mason* (Vanderbilt) – $3.534M
Sam Pittman (Arkansas) $2.9M

* Mason’s current salary has not been made public because Vanderbilt is a private university, not subject to public records laws. Mason was credited with $3.534 million in total compensation in 2018, according to university tax returns that year obtained by The Tennessean. Vanderbilt’s 2018 tax return is the most recent available.

Tennessee football: Where Jeremy Pruitt's salary ranks among SEC coaches for 2020

 

[bamafan4ever]

Ed Orgeron (LSU) – $8.919M

If that is not a modern day Forest Gump story, I'm not sure what it is. Stupid is....

 

[JoseyWalesTheOutlaw]

Sam Pittman deserves a raise in salary but the buyout should stay the same. JMO but the schools should pay more in salary and reduce the buyout to 7.5 for the duration of a contract. Get everybody with skin in the game.

 

[It Takes Eleven]

I believe the pay coming from the schools would be factored into the respective State retirement systems, while the external portions are not. For a coach at a smaller school, or the assistants in particular, getting vested in the State plans at the highest rate possible is important.

 

[OldPlayer]

I believe the pay coming from the schools would be factored into the respective State retirement systems, while the external portions are not. For a coach at a smaller school, or the assistants in particular, getting vested in the State plans at the highest rate possible is important.

I don't think the coaches get two checks: one from the school and one from the booster fund. Based on the pay rates, I think (don't know) that the vesting is primarily for the benefits and not the retirement plan.

 

[rick4bama]

As long as it clear the bank! I would be find with how it came to me!