BOULDER — The timing of Colorado’s announcement that coach Dan Hawkins’ contract has been extended through the 2012 season might seem a bit odd to some, considering Hawkins’ team is riding a two-game losing streak. That did not go unnoticed by CU athletic director Mike Bohn, however.
“It’s apropos today that we talk about an extension after two losses because restoring respect and pride back to the entire university was obviously more important than to win,” Bohn said Tuesday. “We really believe the wins will come, will come in abundance as this program continues to grow.
“We are proud of the contributions Dan brings to our players. . . . His principles, work ethic, dedication, commitment and passion are really unparalleled and incredibly contagious.”
Hawkins had three years remaining on an original five-year, $4.25 million contract effective Jan. 1, 2006. The new deal amounts to a two-year extension, with escalating pay increases, especially if performance incentives are met.
The guaranteed compensation package for this school year includes a base salary of $174,720; $514,500 for radio, television and public appearances; $210,000 from donor support and $52,500 from summer football camps. It totals $951,720 and does not including performance incentives.
Incentive clauses include academic progress of players toward their graduation, reaching the Big 12 championship game, conference and national championships, victories, bowl participation and national and league coach of the year honors.
If all incentives are met, Hawkins could earn about $2.5 million in 2011 and $2.6 million in 2012. A buyout clause requires that Hawkins pay the university $1 million if he terminates his contract before the final day of the 2009 season. The buyout is reduced to $500,000 after that.
Hawkins said the contract extension becomes an aid in recruiting.
“All that stuff is good,” he said. “Parents and kids and even coaches will say, ‘So, Hawk, how long is your contract for?’ That’s always part of the conversation.
“I think it’s great for our staff. It’s great for me. It’s great for recruiting. It provides continuity. It’s an awesome statement by Mike (Bohn) and the administration. And I really appreciate their support in standing by us and believing in us. That’s a huge deal.”
It all adds up to . . .
A look at some of the performance incentives in Dan Hawkins’ contract extension through 2012 season:
Big 12 championship game: $150,000
Big 12 champion or BCS participation: $250,000
Big 12 coach of the year: $25,000
National coach of the year: $50,000
Winning seven regular-season games: $50,000
Winning eight regular-season games: Additional $25,000
Source: CU sports information
