YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Bobby Petrino is introduced as the new head football coach at MSU.
Photo provided by Missouri State University
Bobby Petrino is introduced as the new head football coach at MSU.

MSU releases Petrino’s contract details

Posted online

Missouri State University this morning formally introduced Bobby Petrino as its next head football coach, and with the announcement came contract details.

Petrino entered into a five-year contract with a base salary starting at $250,000 annually. Performance and incentive bonuses also are part of the deal, according to a news release.

Petrino’s contract stipulates his salary will be subject to any across-the-board pay increases at MSU. The university agreed to pay moving expenses and provide temporary housing for Petrino.

Contract details for Petrino include:
• a $25,000 base salary increase if the team makes it to the Football Championship Subdivision playoffs;
• $25,000 in Adidas products if the team wins the NCAA national championship;
• $10,000 if the team finishes as champions or co-champions in the Missouri Valley Conference;
• $10,000 per playoff win in the FCS playoffs;
• $5,000 for each year the team meets academic standards set by the NCAA;
• $5,000 if the team finishes as the runner-up in the Missouri Valley Conference;
• $5,000 if the Bears beat another team that is deemed eligible for the college football playoffs;
• $2,500 per season that the team wins eight or more of its regularly scheduled games; and
• $2,500 if average home attendance exceeds 10,000, then an additional $2,500 for beating the prior season’s overall attendance.

Petrino succeeds Dave Steckel, who led the MSU football team for five seasons before reaching a separation agreement with the university last week. He’s slated to receive a maximum buyout of $340,000 through 2022. MSU President Clif Smart yesterday tweeted that coach Stec’s base salary was $289,152. He started with a base salary of $270,000, according to Springfield Business Journal archives.

That means Petrino’s starting salary is roughly 7.4% less than Steckel’s starting salary.

Smart separately tweeted Petrino has support from the entire MSU Board of Governors. Hires are subject to approval by the board.

Petrino, according to the release, has a 119-56 record in 14 seasons, with 11 bowl appearances.

"I'm excited for this opportunity and the chance to rejuvenate the fan base at Missouri State," Petrino said in the release. "They are hungry for winning football, and we'll do everything in our power to give that to them. With the support of the administration and the community, there is so much potential here."

Comments

1 comment on this story |
Please log in to add your comment
Randy Baker

In doing the math through 2022 we (the taxpayers) are paying $840,000 in base salary for a football coach? Steck's $340,000 buyout thru 2022 plus $250,000 in 2020-2021 and 2021-2022 for Petrino....for a total of $840,000. Surely, I am not the only one shocked at this, am I? That's just for the coach...not assistants, and all the other overhead of a football program...

Thursday, January 16
Editors' Pick
New owner plans upgrades in $20M Plaza Towers investment

Bulk of exterior work is projected to be completed by summer 2021.

Most Read
SBJ.net Poll