UNM Releases Terms of Deal
As per his contract, former University of New Mexico football coach Mike Locksley received the use of two courtesy cars.
Times being what they are, Bob Davie’s getting only one.
Then again, Davie’s getting a free country-club membership. According to his contract, Locksley didn’t.
Those and a much stiffer buyout clause for Davie, according to information provided by UNM on Thursday, appear to constitute the main differences between contract terms for the old and new Lobo coaches.
Davie and UNM have not finalized a contract, but a term sheet released by UNM indicates the two parties have reached agreement in principle.
Under the terms of a six-year contract, to have begun 10 days ago, the new coach is to be paid a total of $700,000 the first year and $760,000 the succeeding five years.
Locksley, who was fired Sept. 25, was paid $750,000 annually.
Davie, a former Notre Dame head coach and ESPN and ABC football analyst, will earn a base salary of $300,000. He’ll receive $200,000 for radio and television appearances, $100,000 for marketing the football program, and $100,000 for a shoe and apparel endorsement deal.
The term sheet does not specify the source of the additional $60,000 Davie will be paid in each of the final five years of the contract.
Locksley’s contract broke down this way:
Base salary, $300,000.
Radio/TV and appearances, $200,000.
Shoe/apparel contract, $100,000.
Locksley also received 12 reserved-seat season UNM football tickets annually. The Davie term sheet doesn’t indicate the new coach is to receive those, but it is a preliminary document.
If Davie should terminate the contract, according to the term sheet, he or his next employer would owe UNM $760,000 if terminated in the first year, $650,000 in the second, $450,000 in the third and $250,000 the remainder of the contract.
Had Locksley left of his own volition, he would have owed UNM $250,000 if he terminated the contract during the first three years and $100,000 thereafter.
If UNM were to terminate the contract for something other than cause, the school would owe Davie his remaining compensation for that year plus $760,000 for the first three years of the contract. Thereafter, the amount is reduced to $350,000.
Locksley received a $750,000 buyout – half his base salary for the remaining two years of the contract plus remaining compensation for the year – when he was fired. In March, he had agreed to a buyout reduction that saved UNM some $300,000.
The Davie term sheet includes a number of incentives, as did Locksley’s contract.
Included in Locksley’s contract, but missing in the Davie term sheet, are academic incentives of $5,000 for an NCAA Academic Progress Rate of over 935, and $5,000 for one-year and four-year graduation rates of better than 50 percent.
According to the term sheet, Davie will have $1.2 million with which to pay assistant coaches in year one of the contract, $1.3 million in year two and beyond.
Davie’s strength-and-conditioning coach will make $90,000, his football-operations specialist $80,000. In addition to a courtesy car, the athletic department will pay Davie’s fees for membership in a country club to be designated by UNM. Davie will be responsible for country-club expenses beyond the membership fees.
— This article appeared on page D1 of the Albuquerque Journal