Today, Clemson announced that they had approved a (previously reported) new contract for Dabo Swinney that will pay him nearly $7 million annually.
Shortly after the announcement, Larry Williams of Rivals tweeted out a picture of the contract, which revealed some interesting figures.
Perhaps most notable is Dabo's listed base salary. For a contract worth $7 million annually, just $245,000 will be his base salary, with an additional $4,155,000 coming in supplemental income, and $1,600,000 in licensing money. The base pay and licensing numbers stay the same through the entirety of the deal (ending in 2025), with the supplemental income rising steadily to $4,755,000 in the final year of the deal.
In total, the contract is worth $54 million and runs through 2024.
Incentives in the deal include; $75k for APR score, $50k for an ACC title game appearance and $150k for a win, 8 regular season wins and a non-college football playoff bowl game appearance is worth $50k, $100k for a College Football Playoff New Years 6 bowl game appearance, $200k for a CFP seminal appearance, $200k for an appearance in the national title game, and $250k for a national title.
Buyout numbers for Swinney start at $6 million through December 31, 2017, and stay there through December 31, 2018 before dropping to $4 million a year later, $3 million in 2020, $2 million in 2021, and then $1 million in 2022 and 2033. For the university to buy out the deal, they'd have to pay Dabo $5 million times the number of years remaining on his deal (1-6 years), and then his remaining base/supplement and licensing figures left in years 7-8.
See full details of Dabo's new deal below.