USF gives coach Fernandez 3-year extension
"We are very pleased to have been able to extend Coach Fernandez contract," athletic director Doug Woolard said in a statement issued by USF. "Jose has done a fine job with our women's basketball program and has us well-positioned for continued success."
Fernandez, 38, has a 158-148 record in 10 seasons as head coach, giving him the most career wins of any coach -- men's or women's -- in USF basketball history. His teams have gone to the Women's NIT six times in the last seven years, with one NCAA Tournament appearance in 2006. The contract was actually signed by Woolard on April 1, but was released by USF on Thursday.
While Fernandez's compensation is still well below the average for head coaches in major conferences like the Big East, his new contract represents a 50 percent raise from the five-year contract he signed in 2005. His base salary increases from $125,000 to $150,000, and the supplement for radio, TV and public appearances increases from $10,000 to $55,000 this coming season, increasing by $10,000 each of the next two seasons.
Fernandez's contract includes a buyout clause should he decide to terminate his contract before its completion, with a pro-rated amount of his $150,000 base salary based on how much of the contract remains. If he stays for the length of the contract, there is a $50,000 "longevity bonus" awarded on June 30, 2013.
Limited by injuries and suspensions, the Bulls went 15-16 this past season, losing at Florida in the opening round of the WNIT, and for the second year in a row, Fernandez will have several new starters in his lineup. USF will have to offset the graduation of four seniors, most notably post players Jessica Lawson and Melissa Dalembert, but has a strong incoming recruiting class arriving this fall.
Fernandez is the second head coach that Woolard has signed a new extension for this school year, following a new four-year deal for men's soccer coach George Kiefer. Both coaches' contracts were up at the end of June.