Lovie Smith's contract as the University of Illinois football coach was structured to pay him at least $21 million over a six-year period.
Details of Lovie Smith's University of Illinois Coaching Contract
When Lovie Smith was hired as the football coach for the University of Illinois, his contract terms were approved with a significant overall value. This multi-year agreement outlined a substantial compensation package, designed to be backloaded, meaning a larger portion of his salary was designated for the later years of his tenure.
Specifically, the financial terms of his contract included:
- Total Contract Value: At least $21 million over six years.
- Backloaded Payment: $10 million in salary was designated for his final two years of the contract.
This structure ensured a substantial payout during the latter part of his coaching agreement with the university.
Contract Breakdown
To illustrate the key financial aspects of Lovie Smith's contract at the University of Illinois:
| Contract Aspect | Details |
|---|---|
| Total Value | At least $21,000,000 |
| Duration | Six years |
| Payment Structure | Backloaded |
| Salary in Final Two Years | $10,000,000 |
This contractual agreement reflected the university's commitment to the football program under Smith's leadership.
