Jay Norvell contract details: Salary, bonus, buyout info for new CSU football head coach
Jay Norvell was formally welcomed as the 24th head coach of the Colorado State football team on Tuesday.
Norvell was hired away from Mountain West foe Nevada, where he was the head coach for the last five seasons.
He hasn't signed a full contract yet, just a term sheet (which typically reflects the contract details). The five-year deal runs from Dec. 6, 2021 through Dec. 31, 2026.
Here are the details of the term sheet for the 58-yard-old Norvell.
Jay Norvell base compensation
Norvell's base compensation starts at $1.6 million and rises $100,000 per year. His base salary was $625,000 at Nevada. Craig Bohl of Wyoming was the highest-paid coach in the Mountain West in 2021 at just over $1.6 million.
2022: $1.6 million
2023: $1.7 million
2024: $1.8 million
2025: $1.9 million
2026: $2 million
Buyout information
If CSU fires Norvell without cause, he will be owed:
$4 million if fired in 2021/22
$3 million if fired in 2023
$2.5 million if fired in 2024
$1.5 million if fired in 2025
He would be owed remainder of his base pay if fired in 2026.
If Norvell leaves, he would owe CSU:
$4 million in 2021/22
$3 million in 2023
$2 million in 2024
$1 million in 2025
Nothing in 2026
Bonuses available to Jay Norvell
Norvell has a number of bonuses available for on-field success.
Conference win total bonuses:
$25,000 for winning four conference games
$25,000 for winning five conference games
$50,000 for winning six conference games
$50,000 for a seventh overall win in a season
$50,000 for an eighth overall win in a season
$50,000 for a ninth overall win in a season
$50,000 for winning 10 or more games in a season
$50,000 for qualification in the conference championship game
$50,000 for winning the conference championship game
Bowl game and playoff bonuses:
$50,000 for being selected to play in a bowl game
$50,000 for winning a bowl game
$100,000 for selection to play in "a host bowl as part of the College Football Playoff"
$150,000 for selection to play in the semifinal of the College Football Playoff
$200,000 for playing in the final of the College Football Playoff
$100,000 for winning the College Football Playoff
Other bonuses:
$25,000 for conference coach of the year for the first time
$50,000 for conference coach of the year for a second time
$75,000 for conference coach of the year for a third time
$100,000 for conference coach of the year for a fourth time
$125,000 for conference coach of the year for a fifth time
$100,000 for being named national coach of the year
Assistant coach salary pool
Norvell has a pool of $3 million for assistant coaches. His pool was $1.6 million at Nevada.
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This article originally appeared on Fort Collins Coloradoan: Colorado State football coach Jay Norvell contract details
