Lance Leipold signed a 6-year contract with KU worth $ 16.5 million
When Lance Leipold became the University of Kansas’ new head football coach, he signed a six-year contract that will net him an average of $ 2.75 million a year.
The deal for the new Jayhawks coach, which will pay him $ 16.5 million in total, includes a pay hike every year. So while Kansas Athletics Inc. has agreed to pay Leipold $ 2.2 million for his first year on the job, if the former Buffalo head coach is still at Lawrence in 2026, he will see that number drop to 3. , $ 3 million in its sixth year.
The $ 2.2 million Leipold will earn this year is lower than any Big 12 coach paid in 2020, according to the USA Todays NCAA Head Coaching Salary Database. Kansas State’s Chris Klieman earned $ 2,323,958, the lowest number among Big 12 coaches (Baylor’s salary for Dave Aranda has not been released). KU paid Miles $ 3.3 million in what turned out to be his last full year with the program.
KU first published the terms of Leipold’s contract on Sunday evening, after announcing the hiring on Friday. Leipold’s base salary is set at $ 500,000 per year. But his deal revenue is increased significantly with an annual personal services payment starting at $ 1.36 million per year, as well as an annual royalty payment of $ 340,000.
Leipold’s personal services payment, for its multimedia services, which include educational, public relations and promotional duties assigned by the athletic director, increases by $ 200,000 each year of the contract – except for the fourth year, where it increases. of $ 300,000.
According to the USA Today database, Buffalo paid Leipold $ 624,300 in 2020 to run its MAC program. Leipold’s contract with Buffalo reportedly included a buyout of $ 600,000. Leipold’s contract with KU states that KAI has agreed to pay this amount to Buffalo.
However, the potential takeover scenarios between KU and Leipold would be much more expensive. If, under contract, Leipold wanted to leave KU for a job in another college football program or the NFL, it would cost him $ 6 million in 2021, $ 5 million in 2022, $ 4 million in 2023, $ 3 million. in 2024, 2 million in 2025 and 1 million in 2026.
If KU wanted to fire Leipold without cause, KAI would owe him 70% of his remaining salary (base salary, professional services and royalty payments) on the six-year agreement.
The contract also includes a number of potential incentive payouts, linked to the Jayhawks’ potential success.
Leipold would receive a bonus payout for each of the following scenarios:
â¢ $ 500,000 for a seat in the national title game
â¢ $ 350,000 for a place in the college football playoffs
â¢ $ 150,000 for a place in a set of 6 New Year’s bowls
â¢ $ 100,000 for any other berth
â¢ $ 150,000 for reaching the Big 12 title game
â¢ $ 50,000 for seven wins in the regular season
â¢ $ 100,000 for being named National Coach of the Year
â¢ $ 50,000 for being named Big 12 Coach of the Year
â¢ $ 50,000 for a top 25 in one of the polls
â¢ $ 75,000 for a single-year academic progression rate equal to or greater than 970 (first eligible to earn the incentive in September 2022)
The potential bonus scenarios are cumulative, so in theory, Leipold could get $ 150,000 for KU playing in the Big 12 title game, and then get another bonus payout for the bowl invitation that followed.
If at any point KU, the Big 12, or the NCAA find that Leipold is committing “repetitive or intentional” rule violations “or a pattern of conduct that may constitute or lead to a major NCAA violation,” KU may suspend the coach without pay or terminate him for cause. The contract states that KU could also take such action if violations by the coach occurred in any of his previous jobs.