Herb Sendek will receive a base salary of $900,000 a year in his new job as Arizona State men’s basketball coach, with incentives that could take him well past $1 million.
Former coach Rob Evans made about $700,000 annually.
Sendek’s five-year deal also gives him the use of two cars or a stipend, tickets to ASU sports events and golf privileges at Karsten Golf Course, according to a summary of the deal on hand at the Arizona Boards of Regents.
The regents are expected to approve the deal when they meet next week in Flagstaff.
The new coach can get an annual salary increase and bonuses based on whether his team advances to the NCAA tournament and how far the Sun Devils go.
For example, if ASU qualified for next year’s tournament and played in two games, Sendek’s salary would jump by 4 percent, or $36,000, on July 1, 2007.
He also would get a bonus payment of 8 percent of his salary, or $72,000.
That would win him an extra $108,000 and push his compensation past $1 million.
The new coach also can earn up to 10 percent of his salary, or $90,000, annually in bonuses based on his players’ academic performances.
Sendek can cancel the contract early and take another head coaching job (but not in the Pac-10). If he does, he may be required to pay ASU up to $900,000.
ASU can end the contract without paying Sendek anything beyond the termination date if NCAA or Pac-10 rules violations are found in the program.
The contract is somewhat similar to an extension given to football coach Dirk Koetter.
Koetter’s two-year extension takes effect in 2008, though he will get a pay raise starting in 2007.
Koetter will earn a base salary of $950,000, though his deal is more driven by athletic performance than Sendek’s contract. Koetter could earn $1 million in incentives in one year if his team has a huge season.