As expected, the University of Oregon’s Board of Trustees approved a contract extension for Oregon men’s basketball head coach Dana Altman on Friday, just hours before their season opener against Army.
The contract, which runs through the 2022-23 season, pays Altman a guaranteed total of $18.45 million over seven years.
Dana Altman’s contract is extended through 2023. Here’s how much he’s guaranteed each season. pic.twitter.com/MTGWaTzW1L— Sean Larson (@seanlarsonATQ) November 11, 2016
Of course, there are also bonuses for Altman, including a potential payday of over half a million dollars.
And here are all the bonuses Altman can get. The potential for a $525,000 payday if Oregon basically wins everything pic.twitter.com/9dUBs1ewKf— Sean Larson (@seanlarsonATQ) November 11, 2016
What other benefits does Altman receive with his contract? You have the usual medical, dental and vision benefits. But he also receives a courtesy car, plus a $500 stipend for a second car. Meanwhile, I'm sitting here riding the bus. Altman also receives a membership to the Eugene Country Club, 12 tickets for men’s basketball home games, two tickets for any other sport, up to $25,000 of travel reimbursement to have family and friends visit, as well as a “reasonable amount of apparel, equipment, and shoes from University's contracted provider.” Sup, Nike wardrobe.
Of course, the contract states that “the University shall have the right to terminate this Agreement at any time for any or no reason,” and if Oregon does terminate Altman, he will receive the “remaining Guaranteed Salary owed for the remainder of the Term as set forth in Section 4.1(a) or $9,000,000, whichever is less.”
You can dive in and read the full contract here.