During a meeting that wasn't much more than a formality, the University of Oregon Board of Trustees approved the contract for Willie Taggart, the newest head coach of the Oregon football team.
Taggart’s contract is for five years and is worth $16 million, averaging $3.2 million per year. These numbers are in line with what was originally reported by Sports Illustrated’s Pete Thamel on Twitter.
The contract, which runs through January 31, 2022, will pay Taggart $2.9 million in his first year and gradually increase each year, peaking at $3.5 million in the final year of the deal.
Of course, there are bonuses outlined as well. The largest, at $500,000, is if Oregon wins the national championship. Other bonuses include $150,000 for winning the Pac-12 championship, $250,000 for a 12-0 regular season, $175,000 for reaching the College Football Playoff, and $25,000 if Oregon makes a bowl game in the 2017 season.
The UO board of trustees' executive and audit committee just voted to approve Willie Taggart's deal. Here's the framework: pic.twitter.com/gvowhYnQ7m— Andrew Greif (@AndrewGreif) December 9, 2016
You can read the full contract here.