AUSportTalk 4 Posted March 25, 2010 Share Posted March 25, 2010 March 24, 2010 Dear Coach Barbee, On behalf of Auburn University, I congratulate you on becoming our head mens basketball coach. This letter is a summary of the agreement we have reached. Auburn has offered the position of head mens basketball coach to you, and you have accepted. The basic terms of our agreement are set forth below, and it is understood that this letter does not contain all of the terms of the agreement. You and Auburn will enter into a separate written contract setting forth the entirety of our agreement as soon as practical. The basic terms of our agreement are: 1. You will become the head mens basketball coach effective today. 2. You will be paid $1.5 million annually, consisting of a base salary ($225,000) and payments for assignment of your endorsement, radio, television and internet rights, fundraising and personal appearances ($1,275,000). The term of the agreement will be six years. 3. You will receive two dealer cars through our dealer car program or two car allowances each equal to five percent of your base salary. 4. In addition to the annual income of $1.5 million, you will be eligible for academic and performance bonuses on an annual basis. 5. You will be responsible for assembling a coaching staff subject to approval by Auburn. 6. You will be responsible for operating the mens basketball program in accordance with Auburn, SEC and NCAA rules and bylaws and within the budget established by Auburn. One of our primary goals is to have our student-athletes graduate with an undergraduate degree, and you will support our student-athletes in their efforts. 7. We will work together in a timely and cooperative manner to agree upon the remaining terms set forth in the contract to be executed. 8. The terms of the agreement are contingent upon a review of your background information, NCAA, etc. I look forward to our future successes together. Welcome to the Auburn family. God Bless and War Eagle! Sincerely, Jay Jacobs Athletics Director Link to comment Share on other sites More sharing options...
AuburnEngineer 0 Posted March 25, 2010 Share Posted March 25, 2010 Awesome , nice salary Link to comment Share on other sites More sharing options...
fourthvision 0 Posted March 25, 2010 Share Posted March 25, 2010 sweet, AUsome post ST Link to comment Share on other sites More sharing options...
gravejd 3,270 Posted March 25, 2010 Share Posted March 25, 2010 I am very impressed with the salary they are paying. We can know say we are commited to being great in basketball and I love the statement the folks in charge made with this hire!! Well done Auburn!! Link to comment Share on other sites More sharing options...
keekee 0 Posted March 26, 2010 Share Posted March 26, 2010 "4. In addition to the annual income of $1.5 million, you will be eligible for academic and performance bonuses on an annual basis." Wonder how much and what for? I am glad we are taking basketball seriously this time around. Link to comment Share on other sites More sharing options...
storyofmylife182 0 Posted March 29, 2010 Share Posted March 29, 2010 I wonder if we could have gotten him for 1.2 million? We could've bumped his salary up to 1.5 million after the first year if he did great. Going from 300k to even 1.2 million would have been a healthy jump. Huge salary and glad JJ got Barbee. JJ is making a lot of great hires. Thanks JJ! Link to comment Share on other sites More sharing options...
guerra aguila 0 Posted March 29, 2010 Share Posted March 29, 2010 I hope hes making 2 million soon, would mean hes having some success. like big success. Link to comment Share on other sites More sharing options...
auburn4ever 1,266 Posted March 29, 2010 Share Posted March 29, 2010 Since he's an awesome coach and strong recruiter, I don't think it will take him long to make us into a winner. Link to comment Share on other sites More sharing options...
storyofmylife182 0 Posted April 1, 2010 Share Posted April 1, 2010 I agree, I hope he is making 2 million soon. JJ seems to be getting young coaches who love recruiting. Hopefully this will be the last time he hires a football or basketball coach for a long time. Link to comment Share on other sites More sharing options...
kevon67 2,368 Posted April 1, 2010 Share Posted April 1, 2010 That is great. Looks alot like the agreement we sign in the funeral buisness : Link to comment Share on other sites More sharing options...
bigbird 60,578 Posted April 1, 2010 Share Posted April 1, 2010 I wish I had that car allowance. "...two car allowances each equal to five percent of your base salary." Link to comment Share on other sites More sharing options...
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