Grant McCasland has signed a five year contract with Arkansas State.
The contract runs from April 1, 2016 to March 31, 2021. His base salary will be $350,000. The contract provides for reasonable moving expenses, a cell phone, a vehicle or a stipend of $400 per month, a country club membership and 10 tickets to all home basketball games with premium seating for immediate family. Coach McCasland can also hold camps and negotiate radio and TV shows. He will also receive premium seating access for himself and immediate family for all home football games.
If McCasland leaves before the end of the contract he will owe AState $500,000 if during the first year, $300,000 in the second year, $200,000 in the third year, and $100,000 in each of the last two years.
If AState terminates him before the contract expires, AState will owe $700,000 in the first year, $500,000 the second year, $350,000 the third year, $200,000 the fourth year and $100,000 the fifth year.
The contract is laden with bonus opportunities.
- $10,000 if AState wins the conference regular season title and miss NCAA tournament
- $30,000 if AState wins the regular season conference championship AND makes the NCAA tournament
- $15,000 for making the NCAA Tournament without winning the regular season title
- $20,000 for a first round NCAA win
- $25,000 for second round win
- $50,000 for Sweet Sixteen
- $60,000 for Elite Eight
- $100,000 for Final Four
- One year of salary if AState wins the NCAA Tournament (the NCAA bonuses are not cumulative only receives the highest bonus earned)
- $5,000 for an NIT bid plus $1,000 per win in the NIT
- $5,000 for being coach of the year in Sun Belt
- $10,000 for national coach of the year
- $5,000 if ranked by AP or ESPN Coaches poll at any point in the season
- $5,000 for a win over a top 10 team in AP or Coaches
- $2,500 for a final RPI of 1-30
- $5,000 any season where AState sells 3,000 or more season tickets
- $2,500 each year the men's basketball APR is 1000
If the team APR is 930 or below can be stripped of any bonuses earned that year. Bonuses may also be stripped if there are any serious NCAA violations.