Looks like Ole Charlie had a mighty good lawyer setting him up to win at Texas no matter what happened on the field.
Texas officials will pay Charlie Strong millions to lead South Florida
Longhorns will get only a $1 million discount off the total bill owed to Strong as part of his guaranteed contract
Before leaving Texas, Charlie Strong said the cake was baked. He’s going to make sure the Longhorns pay at least $9.4 million for all the ingredients.
Strong signed a five-year contract at his new school South Florida worth $9.8 million, according to the Tampa Bay Times. The majority of the money is backloaded. The first two years are worth just $1 million annually.
Strong made some questionable game-day decisions the last three seasons at Texas, but he definitely knew how to read his contract.
At UT, Strong had two years left on his five-year deal. According to the terms, UT had a 50 percent offset clause in his deal should Strong find work elsewhere.
The university was guaranteed to pay Strong at least $5.2 million each of the next two years, which would be the 2017 and 2018 football seasons. Since his salary at USF is just $1 million the next two years, Texas officials take $500,000 off their annual total and must still pay Strong the balance — $4.7 million annually.
USF gets coach with Power 5 experience, a lifetime of recruiting experience in Florida and Texas pays most of the freight, too? Any athletic director would take that deal immediately.
Strong’s salary jumps to $2.5 million annually at USF in the coach’s third year. He can receive performance bonuses that were in line with his predecessor Willie Taggart’s contract.
