Indiana University’s investment in Kevin Wilson is now clear.
A copy of Wilson’s new contract amendment obtained by The Herald-Times through an open records request shows that the IU football coach’s base salary remains on par with his previous contractual agreement at IU, but his benefits have increased substantially.
Wilson is due to make $542,000 in base pay through the 2021 football season as part of his new six-year deal, after having been listed as making $542,227 in 2015. But he’ll also receive annual promotional income beginning at $1,608,000 — a significant bump from the $600,000 in promotional fees he received in his original contract.
All told, Wilson will receive $2.15 million for coaching IU’s football team this season.
The promotional income, which covers additional responsibilities like public appearances, media communications and sponsorship agreements, will increase annually by at least $100,000 during the length of the deal.
So Wilson stands to make $2.25 million in 2017 and $2.35 million in 2018. He’ll make $2.55 million in 2019 when the promotional fee increases by $200,000. The fee returns to a $100,000 increase across the 2020 and 2021 years of the deal, and by the end of contract in 2021, Wilson will be in line to make $2.75 million during the final year.
According to the USA Today coaching salary database, Wilson reportedly made $1.31 million in total compensation as IU coach in 2015.
The new contract also includes bonuses for bowl appearances. Wilson will receive $100,000 should IU play in any bowl that is not one of the “New Year’s Six” and the payout to the university is less than $2 million. If the bowl payout is $2 million or more, Wilson will receive a bonus of $200,000.
There is also an annual deferred compensation package of $60,000 that the university will deposit into a separate account each year that Wilson remains IU’s coach.
Portions of his original 2011 contract carry over to the new deal, including the annual additional benefit stipend of $100,000. This money is designed to cover personal expenses such as “spouse vehicle/insurance/license, social club membership(s), entertainment for football staff/families, iPad/other electronic devices, family travel and child care that are incidental to the position as head football coach.”
The buyout portion of the contract remains unchanged from the original document, so if Wilson is fired without cause before the deal expires, IU will owe him his annual base salary of $542,000 through the length of the contract. If he were to be fired during the season, IU would also owe him what was left of his promotional fees for that year.
But Indiana’s financial responsibilities to Wilson could evaporate depending on the coach’s next move.
Should Wilson find gainful employment either in coaching or media, IU’s salary obligation to him would be offset dollar-for-dollar by Wilson’s total compensation at his new job. So, for example, if he were to take a new coaching position that paid him more than what he was owed by Indiana, IU would be off the hook completely.