The most interesting part of the contract Shaka Smart signed Monday with Virginia Commonwealth University may not be the $1.2 million he’s scheduled to earn each year. Instead, it’s the two pages of Addendum C, outlining 30 bonuses for the coach.
The contract, obtained by The Washington Times, doesn’t just pay Smart to coach VCU’s basketball team. He gets extra cash for winning games, graduating players or appearing on television. All that, of course, is in addition to his $10,000 annual clothing allowance.
Here’s a complete list of the bonuses:
Winning the CAA regular-season title: $3,500.
National Invitation Tournament
NIT appearance: $2,000.
First-round win: $1,000.
Second win: $3,000.
Third win: $5,000.
Fourth win: $8,000.
NCAA appearance: 1.5 months base salary (base is $450,000).
First-round win: One month base.
Second win: One month base.
Third win: One month base.
Fourth win: 1.5 months base.
Fifth win: 1.5 months base.
Sixth win: Two months base.
Seventh win: Two months base.
Beating an ACC team: $5,000.
Beating Richmond: $2,000.
Season ticket sales (not cumulative)
More than 2,000: $3,000.
More than 2,500: $4,000.
More than 3,000: $5,000.
More than 3,500: $6,000.
Average announced home attendance (not cumulative)
More than 5,500: $3,000.
More than 6,000: $4,000.
Player graduates by summer of completing eligibility: $4,000.
Player graduates within one year of completing eligibility: $2,000.
* - Doesn’t include players not recruited by Smart.
VCU television appearances
National television: $6,500.
Regional appearance other than VCU/CAA package: $3,500.
CAA coach of the year: $6,000.
AP coach of the year: $20,000.