AURORA -- The University of Colorado's Board of Regents today approved a one-year contract extension for men’s head basketball coach Tad Boyle, increasing incentive payments but not boosting his base salary.
Under Boyle, the men’s basketball team won the Pac-12 tournament earlier this year during its first season in the newly expanded conference.
State law allows colleges and universities to enter multi-year contracts with no more than six employees, with the stipulation that no contract can exceed five years. The rule allows for CU to hire and retain top-notch contract employees in a competitive market.
The new contract, which expires April 30, 2017, allows the athletic director to discuss the possibility of an additional year extension each year before April 30.
Under the contract, Boyle’s base salary of $165,830 remains unchanged, along with other annual supplemental compensation, including up to $180,000 for radio, television and public appearances; $96,000 for promotion and fundraising; $108,000 for sponsorship support and $35,000 for summer basketball camps.
But he has an opportunity to earn higher bonuses if his players perform well on the court and in the classroom.
For example, Boyle can earn up to $68,000 for the academic progress of student-athletes in 2013. By 2016, that cap is raised to $166,667.