BearTerritory has obtained the employment contract for California head men's basketball coach Cuonzo Martin. The contract, with a base salary of $250,000 per year and a variable talent fee, replaces the terms sheet agreed to on April 15, 2014, and runs through the end of the 2018-19 season. The original term sheet, it must be noted, contained a line saying that "The parties agree to work together in good faith to negotiate a mutually agreeable employment agreement within ninety (90) days." That was on April 14, 2014.
According to the finalized contract, signed on June 3, Martin received a $250,000 base salary, and a $1.29 million talent fee for the periods of April 15, 2014-April 14, 2015, April 15, 2015 through April 14, 2016, and April 15, 2016 through June 14, 2016. From June 15, 2016, through April 14, 2017, Martin will receive a talent fee of $1.65 million. From April 15, 2017 to April 14, 2018, and April 15, 2018 to April 14, 2019, Martin will receive an annual talent fee of $1.39 million.
On Martin's original term sheet signed with Sandy Barbour, his talent fee was $1.54m each year of the contract, with a base of $250,000.
http://www.scout.com/college/california/story/1676168-cuonzo-martin-cal-... Martin receives a bonus of $15,000 if his teams win the Pac-12 conference in the regular season, win the Pac-12 Tournament, or are selected to the NCAA Tournament.
If Martin's teams win 20 games in a season, he gets $10,000.
Martin receives a bonus of $20,000 if his team advances to the Round of 32 in the NCAA Tournament, $25,000 for the Sweet Sixteen, and $25,000 for the Elite Eight. If Martin reaches the Final Four, he receives $40,000. Martin would also receive $40,000 for winning the NCAA title.
If selected as the Pac-12 Coach of the Year, Martin would receive a bonus of $20,000. If he receives National Coach of the Year, he gets $25,000.
Martin is scheduled to receive a $508,000 signing bonus within 30 days after the contract is executed (June 3).
Martin also received a retention bonus payment of $1.54 million for coaching through the 2014-15 season, with $640,000 paid on April 16, 2015, $450,000 on April 16, 2016, and $450,000 on April 16, 2017. Even if Martin and the University part ways, that obligation would remain.
If Martin's team achieves a GPA of 2.70 or higher, for both fall and spring terms, he will receive a bonus of $20,000 at the end of the season. If his teams achieve a 2.85 team GPA, he gets $40,000. If his team in a given year surpasses the 3.00 GPA mark, he receives $50,000. Only the highest of those bonuses is to be paid if the team achieves the enumerated goal (he doesn't receive $110,000 if the team has a GPA over 3.00).
Martin also receives a membership at the Claremont Country Club.
The original term sheet, also acquired by BearTerritory, delineates that maximum bonuses are not to exceed $300,000, but none of the actual bonus structures are delineated.
Also included in the finalized contract is a buy-out clause, which is structured the same way as in the original term sheet.
In the event that the University fires Martin without cause, the University is scheduled to pay $2.75 million to Martin if he is fired before April 14, 2017, $2 million if between April 15, 2017 and April 14, 2018, and $1 million if betwen April 15, 2018 and April 14, 2019.
However, Martin, if fired, must make "reasonable efforts" to obtain employment as a Division I head coach, should he be terminated without cause. His compensation from that new job would mitigate the payments to be made by the University in that circumstance (if he would be paid $1 million by his new employer, the payment by the University would go down by $1 million), and that would extend to the natural end date of the contract.
If Martin himself leaves prior to April 14, 2017, he will pay $1.1 million to the University. If he leaves between April 15, 2017 and April 14, 2018, he pays the University $1 million. If he leaves between April 15, 2018 and April 14, 2019, he would owe the University $750,000.
The University paid Martin's buyout to Tennessee in 2014, at $1.3m.null