The Idaho State Board of Education approved new contracts for Boise State men’s basketball coach Leon Rice and Idaho men’s basketball coach Don Verlin on Thursday.
Rice’s deal, which runs through the 2017-18 season, will pay him a salary of $482,110 next season, a sum that will increase by 3 percent each following year. He also gets a one-time signing bonus of $10,875. There are a handful of bonuses written into the contract, including:
— $5,000 for a regular season Mountain West championship
— $5,000 for an NCAA Tournament at-large appearance
— $5,000 for an NCAA Tournament win
— $15,000 for a Mountain West tournament championship or $3,000 if the Broncos reach the
tournament’s final game, but lose
— $4,000 for a winning season or $8,000 for a 20-win season (whichever is greater)
— $5,000-$12,500 depending on the team’s finish compared to other Division I teams in
the annual Academic Progress Rate ranking
Also, an away game guarantee clause stipulates that if a game pays more than $50,000, anything more than that amount minus expenses will be given to Rice to distribute as he sees fit to his staff. His buyout is $175,000.
Verlin’s deal runs through 2015-16 and adds an extra year each time the team wins 15 games or advances to the NCAA tournament. It also includes an extension clause in case of a conference change. He will be paid a base salary of $156,832 in 2013-14, $163,105 the next season and $169,629 the following season — he will receive $60,000 in media payments each season, too. He also will get bonuses of $5,000 for winning 17 or more games and for winning 20 or more games.