Breakdown of Wyking Jones' contract
Here is a breakdown of Cal men’s basketball head coach Wyking Jones' contract. GoldenBearReport.com got a hold of his contract courtesy of the FOIA (Freedom Of Information Act). Word for word excerpts from the contract are in quotations.
1. Term: The term of the contract began on March 24, 2017 and terminates on April 14, 2022. It's a five-year deal.
Termination: There are additional details and rules regarding early termination, pending on the cause of termination. The first case of termination has to do with his contract being terminated due to him violating a series of rules: Misconduct, violating university rules, breaking NCAA rules, selling or using narcotics, drugs, controlled substances, etc. and in general failing to follow the "high moral and ethical standards" expected of a Coach as a "leading representative" of the University.
These termination details are all outlined in "Paragraph 9" of his contract. It is stated that discipline under this paragraph may subject the Coach to penalties both "private and public reprimand, monetary fines, adjustments in compensation, suspension with or without pay, or termination."
It is also stated that the Coach may be subject to additional penalties from the NCAA provided he is found guilty of breaking NCAA rules and procedures.
If the Coach's contract is terminated due to reasons outlined in Paragraph 9, "no further payment or benefits shall be made to Coach; provided the University has the discretion to pay Coach all or part of any earned performance-based compensation as of the effective date of the compensation. All earned compensation other than performance-based compensation as of the effective date of termination shall be paid by University within 30 business days."
In addition, if his contract is terminated for reasons outlined in Paragraph 9, all future rights and obligations that were agreed to shall cease. In this case, UC Berkeley is not responsible for the loss of any collateral business opportunities or any other benefits or monetary gain as a result of their decision to terminate his contract.
If Wyking Jones is unable to fulfill his coaching duties due to death, injury, or reasons beyond the control of either party, his contract will cease. This is not considered a "termination without cause" and Wyking Jones has agreed to this.
In the event that both UC Berkeley and Wyking Jones terminate his contract via mutual agreement, "all future obligations between the parties ceases effective the date of termination" unless there was some other mutual agreement made between the parties that states otherwise. Both parties are reserved the right upon mutual written agreement to terminate his contract without cause at any time.
In the event that UC Berkeley terminates Wyking Jones' contract without cause, he'll receive 100% of the base salary and talent fee for the remainder of the Term.
It is also stated: “The University’s obligation pursuant to this paragraph shall not extend beyond the term.” Both parties acknowledge that a termination of the contract prior to its natural expiration may affect the coach by denying him of financial gain via certain benefits and supplemental compensation. It is stated that due to the difficult in assessing how much this would affect the coach financially, “the parties agree to this liquidated damages provision, subject to mitigation, as a fair measure of Coach’s losses and not as a penalty.”
Wyking Jones also agrees to “take affirmative steps to mitigate the University’s obligations to pay damages that may be sustained by virtue of termination pursuant…by making reasonable and diligent efforts to obtain employment.” In short, he is expected to notify the university of his employment status and any contracts or agreements he signs with other schools that happen within the window of time that his contract was originally scheduled for.
In the event that Wyking Jones decides to terminate the contract himself (E.g. He leaves for another job), he would have to pay UC Berkeley “100% of the base salary and talent fee for the remainder of the Term.”
2. Compensation:
A. Base Salary: Wyking Jones is scheduled to make $250,000 in Annual Base Salary per year. The following are the year-to-year dates that he is scheduled to make that money.
Year 1: March 24, 2017-April 14, 2018.
Year 2: April 15, 2018-April 14, 2019.
Year 3: April 15, 2019-April 14, 2020.
Year 4: April 15, 2020-April 14, 2021.
Year 5: April 15, 2021-April 14, 2022.
B. Talent Fee: Wyking Jones is scheduled to make $750,000 per year in Annual Talent Fee provided he fulfills certain PR obligations such as speaking at booster gatherings and related University and Alumni functions, appear on television and radio broadcasts, pre-game and post-game shows connected with game broadcasts and other public appearances associated with promoting Cal Athletics. The following are the year-to-year dates that he is scheduled to make that money.
Year 1: March 24, 2017-April 14, 2018.
Year 2: April 15, 2018-April 14, 2019.
Year 3: April 15, 2019-April 14, 2020.
Year 4: April 15, 2020-April 14, 2021.
Year 5: April 15, 2021-April 14, 2022.
C. Performance Based Compensation: In addition to that money, Wyking Jones will collect additional bonuses provided the team achieves certain goals and accomplishments. Below is a list of accomplishments that will reward him with a bonus in pay.
Team wins or is co-champions of Pac-12 Conference Regular Season: $20,000.
Team wins Pac-12 Tournament: $20,000.
Team wins 20 games: $10,000.
Team selected for NCAA Tournament: $15,000.
Team participates in NCAA Tournament Round of 32: $25,000.
Team participates in NCAA Sweet Sixteen: $30,000.
Team participates in NCAA Elite Eight: $35,000.
Team participates in NCAA Final Four: $50,000.
Team wins NCAA Championship: $50,000.
Coach selected as Pac-12 Conference Coach of the Year: $20,000.
Coach selected as National Coach of the Year: $25,000.
Coach is eligible to receive identified bonuses for all levels of accomplishment achieved in a Contract Year.
D. Courtesy Vehicle: Wyking Jones is given a courtesy vehicle. If the university doesn't have one at the time, he gets a $450 stipend until one becomes available.
E. Athletic Equipment/Apparel Contract Payments: Basically, he enters into an agreement with the university that he will assist with the promotion of athletic equipment and apparel suppliers and the endorsement of products as needed. However, there is a limit in that this is under the condition that such responsibilities won't interfere with his primary duties as head coach.
F. Signing bonus: Coach shall receive a one-time signing bonus of $75,000 within thirty days after this Contract Addendum is executed by both parties.
G. Academic Performance Bonuses: Wyking Jones will get additional bonuses if the team reaches a certain standard in the classroom. Below is breakdown of those bonuses.
If the team has a collective GPA (fall and spring term) that is 3.0 or higher, he'll receive a $50,000 bonus.
If the team has a collective GPA (fall and spring term) that is at least 2.85 but lower than 3.0, he’ll receive a $40,000 bonus.
If the team has a collective GPA that is at least 2.7 but lower than 2.85, he’ll receive a $20,000 bonus.
If the team has an Academic Progress Rate (APR) of 985 or higher, he’ll receive a $45,000 bonus.
If the team has an APR of at least 975 but lower than 985, he’ll receive a $30,000 bonus.
If the team has an APR of at least 960 but lower than 975, he’ll receive a $15,000 bonus.
3. Other Compensation: Wyking Jones’ contract includes additional compensation such as complimentary tickets, a membership to the Claremont Country Club, sick leaves, all University health, welfare, retirement, and other benefits, etc.
Summary: In short, Wyking Jones is scheduled to make $1M per year over the course of five years. It’s a five-year, $5M deal. He’ll receive additional bonuses provided the team reaches certain academic and athletic goals.