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Breaking down Antigua's contract

1

April

Initially, new USF men's basketball coach Orlando Antigua won't earn quite as much as the veteran he's succeeding, but his assistants will be compensated more handsomely than their predecessors.

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The contract, a five-year deal signed Monday, was released by USF upon a public-records request Tuesday. Counting base salary and benefits, Antigua, who has no prior college head coaching experience, will earn $900,000 a year, with $25,000 annual escalators built in.

Former coach Stan Heath, dismissed March 14 after seven seasons, was earning a base salary of slightly more than $1.1 million. According to a contract extension he signed two summers ago, Heath's salary pool for three assistants and a director of basketball operations was $525,000.

Antigua's pool, by contrast, will be considerably deeper. He'll be able to dole out $700,000 in total staff pay next season, a 33-percent hike from Heath's salary pool. Antigua's pool increases to $800,000 by the final year of his contract.

Among Antigua's performance bonuses: $100,000 for leading the Bulls to a conference regular season title, $50,000 for an at-large NCAA Tournament berth or conference tournament title, $500,000 for a national title and $250,000 for a Final Four appearance.

If fired (for reasons other than 'for cause'), USF will owe Antigua his base salary -- $375,000 -- for each remaining year of the contract. If he leaves, he owes his base pay for each remaining year.

If he gets another basketball-related job upon his dismissal, USF must pay only the difference between the two base salaries -- if the salary at his new job is lower -- through the expiration of his contract with the Bulls.

All provisions are pending a "forthcoming check," according to Section 10 of the contract. It can be invalidated within the next 30 days if inaccuracies are found on Antigua's resume, or if he's found to be the subject of an ongoing criminal probe.

[Last modified: Tuesday, April 1, 2014 8:31pm]

    

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