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New USF coordinators Charlie Weis Jr. and Glenn Spencer have signed three-year deals paying annual base salaries of $350,000 and $500,000, respectively, with performance bonuses.
The contracts of both were provided Friday to the Tampa Bay Times upon a public-records request. Terms of both deals began Jan. 6, and run through Dec. 31, 2022.
Weis and Spencer each earn a $10,000 bonus for a Bulls regular season win against UCF. Other bonuses for both include $10,000 for reaching the American Athletic Conference title game (which increases to $20,000 if the Bulls win it), and $25,000 for reaching a New Year’s Six bowl contest (increased to $35,000 for winning it).
Weis, the 26-year-old offensive coordinator, owes USF a $300,000 buyout if he leaves for another job, with two significant stipulations.
The buyout is cut in half if he takes a college head coaching job or an NFL offensive coordinator position before the end of the 2021 season or Dec. 31, 2021 (whichever comes first). Weis owes nothing if he takes a college head coaching job or NFL offensive coordinator gig after the end of the ’21 season or Dec. 30, 2021 (whichever comes first).
Spencer’s three-year, $1.5 million deal is significantly higher than the contract (three years, $800,000) that predecessor Brian Jean-Mary signed in January 2017.
Spencer would owe USF $300,000 if he leaves within the first year of the deal, with the buyout reduced by $100,000 each subsequent year. He owes the school nothing if he takes a college head coaching job or becomes head coach or coordinator of a professional team.
The buyout also goes away if Jeff Scott no longer is USF’s coach, granted Spencer doesn’t resign to become an assistant for Scott at another school.
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