Oregon to pay new football coach $16 million over 5 years plus performance bonuses
EUGENE, Ore. - New Oregon head football coach Willie Taggart will be paid $16 million over 5 years under a contract approved the University's board of trustees Friday morning.
That dollar figure represents Taggart's base salary.
He has multiple opportunities for bonuses, from $25,000 if he is named Pac-12 Coach of the Year to $500,000 if he leads the Ducks to a college football championship.
The board met Friday on campus, with many members voting via teleconference.
However, the board did not ratify the contact. It still has to go before President Michael Schill and athletic director Rob Mullens to "finalize negotiations" on a full contact.
The University said the financial compensation numbers will not change as part of that process.
The University also agreed to buy out Taggart's existing contract with the University of South Florida for as much as $1.7 million.
Taggart has ample opportunity to increase his annual earnings.
If Taggart leads the Ducks to 9 regular season wins, he will receive an extra $100,000 bonus.
That figure jumps to $200,000 for an 11-win season.
If the Ducks win 12 regular season games, that bonus becomes $250,000.