Posted at 1:09 p.m., Tuesday, September 11, 2007
CFB: Callahan would earn $200,000 bonus for BCS title
Associated Press
LINCOLN, Neb. — Coach Bill Callahan would earn bonuses of $200,000 if he leads Nebraska to a national championship and $100,000 if the Cornhuskers play in a Bowl Championship Series game.The bonuses are outlined in the five-year contract Callahan signed last week. A copy of the contract was obtained today by The Associated Press.
Callahan's annual salary is $1.75 million, and he can earn "exceptional performance bonuses" totaling $425,000.
Under the bonus structure, Callahan would receive $50,000 for winning the Big 12 North and an additional $75,000 for winning the conference championship game.
Callahan gets $50,000 if the Huskers play in a non-BCS bowl.
On top of the $100,000 Callahan would earn for taking the Huskers to a BCS game, he would earn an additional $100,000 for winning one.
The contract requires Callahan to notify athletic director Steve Pederson if he decides to engage in negotiations with another college or professional team. Callahan would not have to pay a penalty if he decides to leave Nebraska before the contract expires Jan. 31, 2012.
The university and Callahan also agreed to meet by Feb. 1 of each year to review the state of the program and renegotiate the coach's compensation package.
