It makes him the 6th highest paid NCAA coach behind guys like Cal, Coach K, Izzo, Pitino and Self, well deserved and long overdue!
From: gatortalk@googlegroups.com [mailto:gatortalk@googlegroups.com] On Behalf Of Oliver Barry
Sent: Thursday, April 02, 2015 6:52 PM
To: gatortalk@googlegroups.com
Subject: [gatortalk] Before you read Bleacher Report...
Donovan's contract extended
Billy Donovan signed a one-year contract extension that keeps him with the Gators through 2020.
File
By Kevin Brockway
Staff writer
Published: Wednesday, April 1, 2015 at 11:47 p.m.
Last Modified: Wednesday, April 1, 2015 at 11:47 p.m.
Florida coach Billy Donovan has signed an amended, one-year extension through the 2020 season that will raise his average salary to a shade over $4 million per year.
The Gainesville Sun learned of Donovan's extension through an open records request.
Under terms of the deal, Donovan's base salary was $4.2 million in 2014-15. It will drop to $3.9 million next season and hold steady at $4 million per season from 2016-17 to 2017-20.
Donovan and Florida athletic director Jeremy Foley agreed to terms of the deal last summer, after the 19-year coach led the Gators to their fifth Final Four in school history. Donovan signed the deal in December. The Gators are coming off a 16-17 season, their first losing record since going 14-15 in 1997-98.
The bonus structure of Donovan's contract will remain the same -- $50,000 for winning an SEC regular season title, $25,000 for winning the SEC Tournament and $37,500 for reaching the NCAA Tournament, which can increase to $75,000 for reaching the Sweet 16, $100,000 for reaching the Final Four and $150,000 for winning a national title. Donovan's base salary from UF will remain $220,000, with the majority of his yearly salary coming from television, speaking and apparel deals.
Donovan, who will turn 50 on May 30, notched his 500th career win in February, joining Bobby Knight as the second coach in college basketball history to win 500 games before his 50th birthday. Donovan has led the Gators to four Final Fours, seven Elite Eights and 14 NCAA Tournament appearances in 19 seasons. His career record is 502-206 overall and 467-186 at UF.
At an average salary of $4.067 million, Donovan remains the fifth highest coach in college basketball, behind Duke's Mike Krzyzewski ($9.6 million), Kentucky's John Calipari ($7.5 million), Louisville's Rick Pitino ($5.8 million) and Kansas' Bill Self ($4.96 million). The average salary of Donovan's prior deal was $3.7 million.
The buyout on Donovan's contract remains at $500,000, though the veteran coach has a window from March 1 to April 1 to end the agreement without paying it.
Oliver Barry, CRS, GRI
Bob Parks Realty, LLC
Real Estate Broker
145 Maple Row Blvd
Hendersonville TN 37075
Phone: 615-826-4040
Mobile: 615-972-4239
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GATORS: ONE VOICE ON SATURDAY - NO VOICE ON SUNDAY!
1996 National Football Champions | 2006 National Basketball Champions 2006 National Football Champions | 2007 National Basketball Champions 2008 National Football Champions | Three Heisman Trophy winners: Steve Spurrier (1966), Danny Wuerffel (1996), Tim Tebow (2007)
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