By Jenn Menendez
The Pittsburgh Post-Gazette
MORGANTOWN, W.Va. – West Virginia Coach Dana Holgorsen signed a six-year contract extension, Athletic Director Oliver Luck announced this morning at a surprise press conference.
Holgorsen’s salary will be $2.3 million under the new contract up from the $1.725 million he would have been paid this year. His base pay is $250,000 and the remainder comes from supplemental revenue generated by the athletic department and private sources, according to the University.
The contract calls for yearly raises of $200,000 in year two and three and $100,000 in years four and five. There is no raise in year six. The deal comes with a $2 million buyout, said Luck and signifies a “significant commitment.”
The contract, signed by Holgorsen and Luck yesterday, states Holgorsen will receive incentive bonuses highlighted by $200,000 for winning a Big 12 title, $250,000 for winning a national title and $50,000 for a top-10 finish.
The incentives also include minor bonuses for things like a collective team grade point-average ($20,000 for 2.6 or higher) and final rankings in the major college polls. Incentives are capped at $600,000.
Holgorsen is set to embark on his second year as the Mountaineers head coach and lead the team into the Big 12 — a conference he is more than familiar with having spent nearly 10 years as an assistant with Texas Tech and Oklahoma State.
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