On Thursday, East Tennessee State University released the contract of its new basketball coach.
Shay’s base salary is $250,000. His deal runs through the 2023 season. He’s also set to receive an annual stipend of $50,000 for work such as community relations and media responsibilities.
Another stipend of $12,500 for “professional development” is included. He also gets a car and a golf membership, provided a donor offers such perks.
Getting to 25 wins in a season is a magic number in Shay’s contract. That increases his base salary by $15,000 for the following year and automatically extends the deal for an extra year.
Included in the contract are 20 semesters of tuition at ETSU for his two children for undergrad and graduate school.
The contract is also full of incentive bonuses. They include:
— $10,000 for winning the Southern Conference regular-season championship
— $5,000 for being SoCon regular-season co-champs
— $25,000 for an appearance in the NCAA Tournament
— $25,000 for each win in the NCAA Tournament
— $5,000 for an appearance in the NIT
— $10,000 for a final NET ranking of 20 or above
— $5,000 for a final NET ranking between 21-50
— $3,000 for a final NET ranking between 51-100
— $15,000 for each win over a Power Five, Big East or AAC team
— $3,000 for each win over a non-conference team in the Top 50 in the final NET rankings (not a Power Five, Big East or AAC team)
— $1,500 for each win over a non-conference team between 51-100 in the final NET rankings (not in a Power Five conference, Big East or AAC)
— $5,000 for the team’s 22nd win over a Division I opponent
— $1,000 for the 23rd and each additional win over a Division I opponent
— $5,000 for being named Southern Conference coach of the year
— $5,000 for being named national coach of the year
— Academic bonuses based on the APR: $5,000 for score of 1,000; $2,500 for 980 or better