Alabama has decided to extend the contract of head football coach Mike Shula, who finally had a winning season last year after an abysmal first two years, through 2012.
Alabama football coach Mike Shula received a new six-year contract Wednesday worth $1.55 million per year. The deal extends his contract two years through early 2012, with a raise of $650,000 plus a $200,000 signing bonus. Shula led the eighth-ranked Crimson Tide to a 10-2 record and a Cotton Bowl victory in his third season.
The university’s trustees compensation committee unanimously approved the contract, moving Shula’s salary into the upper half among coaches in the Southeastern Conference. Shula guided his alma mater back from NCAA sanctions and two quick coaching changes. “I’m excited about our future at Alabama and I love the university,” he said. “This is a great place to live and work. With our new facilities and support areas, our future is very bright.”
Shula receives an increase from $150,000 to $200,000 in his base salary and an increase from $750,000 to $1.35 million in “talent fees.” Shula would also get $200,000 annually in deferred compensation after the contract is completed.
Shula posted a 20-17 record at Alabama after going 4-9 in his debut season when he replaced Mike Price, who was fired four months before his first season for off-the-field behavior. Only four SEC coaches are set to make more than Shula next season: Auburn’s Tommy Tuberville, Georgia’s Mark Richt, Tennessee’s Phillip Fulmer and Florida’s Urban Meyer all make about $2 million a year.
For a program that has twelve national titles to its name, it’s actually embarrassing to be paying less than those schools. Still, the last championship was way back in 1992 and Alabama doesn’t have the luster it did in the glory days.
Shula, who quarterbacked the Tide from 1984-86 (overlapping my undergraduate career), is likely to be a lifer at the Capstone if he keeps up the winning ways. I can’t see him being lured away by another college program. Now, if the Miami Dolphins called, it might be a different story, given that his famous father, Don, made his legacy there.
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