Gene Chizik Gets Big Bonus After BCS National Championship Victory
Chizik earned $600,000 in bonuses thanks to the win, making Chizik's total performance-related compensation for the season $1.1 million. His base salary is $2.1 million.
"These are historic moments," Russ Campbell, Chizik's agent, told Bloomberg. "When coaches reach historic heights, you compensate them for it."
When Chizik signed his current contract in 2009, he took less guaranteed money than six other SEC coaches, according to USA Today. But with the win last night he triggered bonuses for the national title, a 14th win and a top-five finish in the AP poll.
He had previously earned $500,000 in bonuses for 13 wins, an SEC title, a BCS bowl appearance and winning the AP SEC Coach of the Year.
"The financial gains to the university are going to be long term and they're going to far exceed what any of the coaches gain," Campbell said.