Relax, Fox’s deal has huge buyout

Amid the celebrations of Georgia’s basketball upsets of Georgia Tech and Tennessee this month, some of you asked: What’s the buyout in Mark Fox’s contract?

The question, of course, conveyed concern that a Basketball School might swoop in before too long and try to hire Fox away from UGA.

The answer, you’ll be glad to know if you don’t already, is that Fox’s contract carries a large buyout.

An unusually large buyout.

The contract would require Fox to pay UGA $2 million within 45 days if he resigns at any time before the six-year deal expires on March 15, 2015.

The buyout, negotiated when Fox was hired last spring, reflected UGA’s desire to make it as difficult as possible for a successful coach to leave. And Fox’s willing acceptance of the unusually large buyout clause backed up his statements that he saw Georgia as a place where he and his family would put down roots.

In addition to the buyout, Fox’s 27-page contract also includes a $600,000 “longevity bonus”  that the coach would forfeit if he left before March 15, 2015.

So, basically, there’s a $2.6 million disincentive to leave.

All of which is to say . . . if someone tries to hire Fox away, it’d have to be someone with very deep pockets.

As for salary, the contract pays Fox $1.2 million per year — $250,000 in base salary, $500,000 for radio/TV shows and other appearances, $150,000 for conducting camps and $300,000 in supplemental income related to equipment and apparel deals. Add another $100,000 per year from the longevity bonus.

The contract states that the base salary, radio/TV income and supplemental income will be reviewed on an annual basis. Those amounts can be increased, but not decreased, upon each review.

The contract also specifies a long list of performance bonuses that would  reward Fox for team success. Such bonuses include $25,000 for being named the SEC Coach of the Year, $25,000 for winning the SEC East regular-season title, $75,000 for winning the SEC Tournament, $150,000 for winning the NCAA championship, etc.

Oh yes, the contract also provides Fox free use of two cars. Which brings me to Pat Forde’s column on ESPN.com yesterday.  Under the heading “Coach who earned his comp car this week,” Forde wrote:

Georgia’s Mark Fox took over a struggling program and hasn’t seemed to notice that the Bulldogs are supposed to be terrible. Fox’s team drilled No. 8 Tennessee on Saturday and upset rival Georgia Tech a couple of weeks ago. In between, UGA played Kentucky closer than anyone else has to date in the SEC, and they lost close games to Ole Miss and Mississippi State. At this rate, Georgia has a shot at a wholly unlikely .500 league record.

Next up: at Florida tonight.

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78 comments Add your comment

Cmill

January 27th, 2010
10:36 am

first! Go Dawgs!

SD Dawg

January 27th, 2010
10:37 am

Looking forward to the game tonight to see how they respond in the face of high praise.

Dale

January 27th, 2010
10:37 am

Gotta love Fox’s Hounds, only going to get better.

DawgBite

January 27th, 2010
10:40 am

If this doesn’t prove nobody in Athens cares about basketball nothing will. It has been over 30 minutes and yet…I am the first to post???

Fox has done a terrific job! People at Georgia should take note and actually come out and watch this underdog team play with heart and passion!!! This team has exactly what our football team does not….Great Coaching and a passion to compete hard for the entire game.

wiley

January 27th, 2010
10:45 am

Wow what a one sided contract lol. Its the exact opposite of Paul Hewitts….

StAugDawg

January 27th, 2010
10:57 am

I have had tickets to tonight’s game for the last 3 weeks and have been looking forward to a strong showing from Fox’s hounds. Thanks for providing info on Fox’s contract, looks like we’ll have a strong tactician on the sideline for the foreseeable future, now waiting on the recruits to buy in as well…

Paul (You doesn't have to call me JOHNSON)

January 27th, 2010
11:04 am

Bruised Squirrel and Pat (Thai) Summit were humbled last week by who?

PT

January 27th, 2010
11:06 am

I wonder where UGA basketball will be in five years. I think the local high school stars are thinking the same thing.

Tron Carter

January 27th, 2010
11:07 am

Pay Him
Pay Him
Pay Him
Whatever he wants Pay Him

The Trek fans on this site are wrong. The Bulldog Nation loves basketball as much as we love beating the North Avenue douches.

I was hoping for an undefeated UK team until March 3, because we will beat the Cats when they come to Athens, and Cousins will have narts on his chin again as he gets humiliati-dunked-on.

CUNK ROGERS

January 27th, 2010
11:08 am

DAWGBITE: While I agree that our BB team has great coaching and plays with heart and passion, I sorely disagree with your comments on the football side. CMR is a great coach and has assembled what looks to be a great staff around him. Most of our players play with the same heart and passion as their BB counterparts….so BITE ME and support the WHOLE athletic program!

George Holman

January 27th, 2010
11:09 am

We still miss Fox in Reno. You guys got a great coach and ambassador for the university.

BJohnDawg

January 27th, 2010
11:17 am

One Damn Good Coach.

SimpleDawg

January 27th, 2010
11:36 am

Fox’s Hounds. I like it….I like it a lot.

When he was hired, I thought, “Why did we hire this guy?”

Well, now I know. Not bad, not too bad at all.

I'm Impressed

January 27th, 2010
11:37 am

I’ll admit I was a doubter when Coach Fox was hired as the Head Coach for our basketball team. I was expecting a “big” name to make a splash in our basketball program. I am quite pleased with his performance thus far. I believe in a few years we will be able to compete regularly with the best in the SEC. We have to continue to recruit, recruit, and recruit and re-brand UGA basketball as strong program.

Go Dawgs!

RealDawg

January 27th, 2010
11:38 am

If he wins a NC at UGA they should double his salary. $150k..wtf. So much for undefeated KY rolling into Athens.

Dennis Felton, former UGA Basketball Coach

January 27th, 2010
11:43 am

Good job Timbo, on the ball as usual.

In this scenario, you are talking about the head coach paying UGA a buy-out if he leaves for another school. But just last year, UGA paid ME a buy-out to leave! zOMG, ROTFL, lolcat. My how quickly the times change. I even have a mustache now. I bid you good day sir.

MJ

January 27th, 2010
11:43 am

Teams are becoming scared to have to play at the Fox Hole.

SEC East Headlines – 1/27/10 | MrSEC.com

January 27th, 2010
11:46 am

[...] at a UGA basketball game.9.  For Georgia fans scared that someone will try to steal Mark Fox, his buyout would require him to pay $2 million to UGA.10.  Geno Atkins’ quickness is on display at the Senior Bowl.11.  Here’s an [...]

shannon1776

January 27th, 2010
11:46 am

If we finish at .500 this year, and can win 19 or so next year, UP HIS CONTRACT $$$$$$ AND YEARS IMMEDIATLEY.

$3 mill a year for 6 years and a $4million buyout ought to keep him here.

Great coach!!!!!!!!!!

Tonight's game

January 27th, 2010
11:46 am

Is this game televised on Direct TV? I noticed it is on Comcast Sports South…so does that mean if you have Direct TV, you can’t watch it???

Time to settle...

January 27th, 2010
11:48 am

I don’t think there’s any reason to post a guard at his office… He’s an okay coach, but nobody’s “stealing” him …

brucemac

January 27th, 2010
12:02 pm

Football will always be number 1 at UGA but no reason to be embarrasing in anything especially the number 2 sport in college. The ACC is a notch above SEC in enthusiasm and intensity except KY of course. It looks to me like ACC bball fans are having a ball winning and competing with the best. Here’s hoping we can share in some of the fun and CMF seems like the guy to to it. I am thrilled to know he will be staying. It is a long time between signing day and start of fall practice and although the Braves are entertaining it is not the same as College Sports.

Big D Dawg

January 27th, 2010
12:07 pm

Looking forward to the game tonite against the gators. I think the hounds will do fine with Fox at the helm. Heck, they already won 3 games no one thought they could win.
Illinois, git and the hillbillies.

PTC DAWG

January 27th, 2010
12:11 pm

I went to the game Saturday in Athens…had a blast…100 miles each way, would be tough to do on a work night though…

Keep up the good work Coach Fox…

Dawg26

January 27th, 2010
12:18 pm

I LOVE ME SOME GEORGIA BASKETBALL!!!! GO DAWGS!

AceDawg

January 27th, 2010
12:24 pm

I don’t think Fox would leave UGA if he gets good recruits and the fans turn out for the games. The team UGA has right now would be a top 25 type team with as little as two strong recruits next year. Obviously a John Wall type guy would alone make the difference. Fox should be able to stand toe to toe with GTech in state recruiting which in itself would be huge. I’m pretty sure good high school players are noticing UGA more now, but Fox must get good recruiting this year, or the Dogs will be in danger of continuing the Felton type era.

DJ

January 27th, 2010
12:25 pm

Major disappointment not far off. He’s a good coach, but nobody knows what it will look like long-term. Also, if he’s that great then he won’t stay at Georgia too long. Great programs will pay that buy out if he’s worth it.

AceDawg

January 27th, 2010
12:26 pm

And UGA students and alumni living in the Athens and Atlanta area need to make sure we are selling out Stegman. Recruits want to know prospective schools care about the basketball team, and teams need fans to have a real home court advantage. I’d be there if I wasn’t 10 hours away.

TommyP

January 27th, 2010
12:30 pm

Amazing job by Fox. There are very nice pieces to this team, just not enough of them.

He should be able to collect on that $25,000 incentive for Coach of the Year soon.

dawgingatorville

January 27th, 2010
12:39 pm

I’m a dawg that’s been living in Gainesville for 5 years (just long enough to see the back-to-backs). If Florida can do it, so can Georgia. I can’t wait to see what Fox will do when he’s picking the players instead of cleaning up Felton’s mess. Went to Georgia during the Harrick years, and needless to say, basketball sat in the way way way way back seat to Athens football and music scene. I’m going to the game tonight and can’t wait to see our new Dawgs many times in the future. For those who say basketball can’t be successful at Georgia, just give it time. The amount of attention the Dawgs have gotten so far speaks for itself. We haven’t even won that many games and all the Georgia fans I know have been following the changes going on – and are excited about it. If South Carolina, Kentucky, Tenn, and Florida can have teams, so can we. Sic em tonight Dawgs!

Kevin "Big Sexy" Nash

January 27th, 2010
12:45 pm

I said who’s mark fox when we hired him. Wow I now know! He’s welcome into the NWO Wolfpac whenver he wants.

First things first

January 27th, 2010
12:45 pm

Let us in 2010 try to have a better than 500 season, then in 2011 do better than 500 and receive a nice INVITE to THE MARCH DANCE, then maybe be very,very competitive for the SEC AND a deep run in The Dance, come March of 2012. This goal ought to be what we strive for at UGA at this moment in time.
First things first and let us know that at UGA, all that we really want is a conistently respectable team around 20-10 every year or so, a shot at winning the SEC tourney and an invitation to the dance about every second or third year.

Once these goals are met consistently, then we can reevaluate.

Go Dogs
UGA class of 71 & 73

Reardon Metal

January 27th, 2010
12:53 pm

I’d love to see the BB program elevate to national prominence but UGA is honestly a FB school and every time a BB coach does well here, he leaves for a more prominent BB school. Just like tech football. I’d rather have the strong FB program myself. I applaud UGA for setting such a high buyout but let’s be honest. If Kentucky, North Carolina, Kansas, Arizona, or Duke came calling, what do you think would happen? They definitely have those deep pockets in their BB program that could easily handle a $2M buyout. Hope he’s here for twenty years and wins NC’s, but history has backed me up on this (see Tubby Smith).

Boca Baby

January 27th, 2010
1:16 pm

Let’s not make the dumb mistake that Dooley made with Tubby Smith. The job at UGA should be all that Fox would want or hope for. Stability and longevity are hallmarks at the school for coaches who pursue and achieve excellence. However, it is foolish to be penny-rich and pound-foolish. There should never come a time when someone else demonstrates a lack of appreciation by offering a deal that would be difficult to refuse. The sizable buyout is a solid good step in that direction. And if he starts competing, on a regular basis for the SEC crown and is a perennial participant in the Big Dance then a harder look at Stegeman would be in order. Quaint and cozy only fly in Durham.

NewnanDawg

January 27th, 2010
2:26 pm

PTC – been doing it for 5 yrs. now – getting there at rush hour is tough, but the drive home is quick, and I like that several of the games are at 7 pm this year during the week instead of 7:30 or 8 pm.

People keep talking about recruiting, so on that note, I would still like to see a piece on Gerald Robinson, Jr., the transfer sitting out this year that I have heard more than once is the best guard on the team. I do know he scored over 1000 points in 2 years at his Tenn. school.

Chomp the Gators tonight Dawgs!

AceDawg

January 27th, 2010
2:26 pm

What happened to Marlon Brown possibly playing BBall for UGA? If he’s good, he’d have been much needed in the depth department.

gdawginkalamazoo

January 27th, 2010
2:28 pm

I know it is still early but not many coaches get to build a program and make it theirs. Fox has a great opportunity to do that. He has the kids playing at a level nobody expected. Keep it up!

Fair and Balanced

January 27th, 2010
2:31 pm

Anybody know where Fox’s salary ranks in SEC, nationally? 1.2 mil is not bad for coaching BB at UGA. But I don’t think that is too shabby at many other places either. How much more can he make without proving himself first? Dang! Sure would be nice to hire loyal people and not just people after a lot of money. Maybe we have that in Fox, but from reading this…..sounds and smells like nothing but money to me.

Jack McMillan

January 27th, 2010
2:37 pm

Damon Evans earned every bit of his salary with the hiring of Fox.
Kudos to him!
Am looking forward to many years of the UGA basketball Foxhounds.

Hat turnt sideways

January 27th, 2010
2:38 pm

Act like a fool, Act like a fool, ain’t no good recruit coming to UGA. Coaching 5 stars down, Coaching 4 stars down, ain’t no good recruit coming to UGA.

Ron Mexico

January 27th, 2010
2:54 pm

Wow what a gay song and comment Hat turned sideways.

Gordon

January 27th, 2010
3:00 pm

“The buyout, negotiated when Fox was hired last spring, reflected UGA’s desire to make it as difficult as possible for a successful coach to leave.”

Tech has a contract that makes it as difficult as possible for an unsuccessful coach to leave. But remember, Dawgs, we where thrilled with Hewitt at first, too.

German Shepherd Dawg

January 27th, 2010
3:18 pm

Hat Turned Sideways,

Thanks for the inane, totally useless and already worn thin reference to American Idol.

Congratulations. You’ve made me decide to go back to work.

Russ4Heisman.net

January 27th, 2010
3:51 pm

I think the contract terms show Fox REALLY wanted this job. Good for him.

DogDawg

January 27th, 2010
3:58 pm

When Fox secures the talented recruits that are so prevalent in this area the Dawgs will be something to howl about. AD Evans’ great accomplishment to date was hiring Fox.

gdawginkalamazoo

January 27th, 2010
4:11 pm

Gordon, that’s funny right there. Where’s Bobby Cremins when you need him?

Dawgbooger

January 27th, 2010
4:24 pm

It was great to see the Stegesaurus rocking and sold out again. It had been quite a while. This is HUGE for the University of Georgia and someting to take pride in.

I Run This State

January 27th, 2010
4:27 pm

Great blog dedicated solely to UGA basketball – http://hoopdawg.wordpress.com

Foothills football fan

January 27th, 2010
5:24 pm

This guy WILL own the state in a couple of years, if not sooner. Paul Blewit had the chance but somewhere between Senna and Atl. forgot the style of coaching that made him a success.

Tron Carter

January 27th, 2010
6:03 pm

Thanks hat turned sideways for the douchiest post ever.

Please put your skin suit back on, tuck, and resume playing Jame Gumb.