The contract extends through Dec. 31, 2017, but a good faith review will be done on or before Dec. 31, 2014 that grants Georgia State the right to extend the deal by two years.
Base salaries for coaches in the Sun Belt range from $250,000 (Louisiana-Monroe) to $856,210 (Arkansas State), according to USA Today’s database.
There is the boilerplate in Miles’ contract that calls for bonuses on on-field and off-field achievements, some of which shouldn’t be difficult to achieve. But there are also provisions that partially reflect the strained economic conditions the university is navigating.
• Miles won’t receive an annual raise unless state employees receive raises;
• Miles will not be compensated during periods in which university employees are furloughed. This is standard language that has been included in contracts for several years. It was included in the new contracts for athletic director Cheryl Levick, and a similar version was included in men’s basketball coach Ron Hunter’s new contract.
The contract includes a buyout of $1 million in dollars in years 2013 and 2014 should Miles choose to leave. That buyout decreases to the current annual base salary in years 2016 and ’17.
Should the University decide to terminate Miles’ contract, he would be owed half his remaining guaranteed compensation (base salary of $450,000 and annual appearance fee allowance of $50,000) multiplied by the years remaining on his contract. For example, if for some reason Georgia State were to fire Miles in 2014, he would be owed $1,000,000. That amount would decrease by $250,000 each year.
The remaining details of the contract related to on-the-field performance:
In all years, he is eligible to receive:
• $25,000 bonus if the football team finishes in the top three of the conference;
• $25,000 bonus if the football team is bowl eligible (minimum of six wins);
• $50,000 bonus if the teams win the Sun Belt Conference championship, or the championship of the conference it is in;
• $25,000 bonus if the team plays in a bowl game;
• $50,000 if the team wins a bowl game;
• $10,000 bonus if the team achieves a top-50 recruiting class ranking (by rivals.com or scout.com);
• $75,000 if the football team finishes with a top-25 ranking as determined by the AP or USA Today;
The bonuses are cumulative. If my math is correct, if the Panthers were to go undefeated in 2014, win the Sun Belt, play in and win a bowl game, finish ranked and then sign a stellar recruiting class, Miles could earn as much as $278,000 in bonuses.
The bonuses for off-the-field performance:
• $2,500 if the football team has a cumulative GPA of 2.8 or higher in the fall or spring semesters. Bonus is only applicable to those semesters.
• $2,500 if the football team’s APR is 930-940;
• $3,500 if the APR is 940-950;
• $5,000 if the APR is 950-975;
• $7,500 is the APR is greater than 975;
Georgia State’s football team hasn’t existed long enough to generate an APR score yet, so it’s hard to predict if Miles will earn that bonus.
• $15,000 each year that no members of the football team accept responsibility for, or have been found to, violate Georgia State’s student code of conduct.
Other annual allowances:
• $6,000 per year for an automobile;
• $2,000 in charges to the Commerce Club;
• $50,000 for appearances, but that doesn’t start until 2014.
• $20,000 for relocation from Terre Haute, Ind. to Atlanta.
– Doug Roberson, AJC. Please follow me on twitter @ajcgsu