The contract of new Austin Peay football coach Jeff Faris is for four years and will pay him $1.375 million, according to a memorandum of understanding obtained Friday by the Leaf-Chronicle.
Faris, 33, was hired by athletic director Gerald Harrison on Dec. 8 to replace Scotty Walden, who left to become the coach at UTEP on Dec. 4.
Faris is scheduled to make $325,000 from the date of his hire to Dec. 31, 2024, and the same amount in 2025. His salary will increase by $25,000 in each of the last two seasons of his deal.
Should Faris lead the Governors to the FCS playoffs in any season, his contract automatically would be extended for a year. His salary for 2028 would be $400,000.
Faris’ contract comes with a $15,000 signing bonus and includes a number of football performance, academic performance and revenue-generation incentives that could see him earn as much as an extra $147,000 in any one season.
Notably, he would earn a $20,000 bonus if the Govs make an FBS bowl game. Harrison has been open in his desire to take Austin Peay to FBS, although a specific timetable has not been announced.
Faris would owe APSU $600,000 if he were to leave for another job prior to Dec. 31, 2024. That figure drops by $150,000 each of the following two years and is $50,000 in 2027. He would owe the university 100% of the remaining value of his contract if he were to leave for another FCS program.
Should APSU fire Faris without cause, the school would owe him 70% of his remaining contract.
Perks in Faris’ contract include one dealer-provided vehicle or $750 per month if one is not available; Clarksville Country Club membership; six club-level tickets and 10 standard tickets for home games; six tickets for away and postseason games; four premium tickets to home men’s and women’s basketball games; a reserved parking space; and $1,000 in annual gear…
Source link : https://sports.yahoo.com/terms-jeff-faris-contract-austin-002029338.html
Author : The Leaf-Chronicle
Publish date : 2023-12-23 00:20:29
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