New contract could pay coach Derek Kellogg up to $800,000



Last modified: Saturday, November 10, 2012

AMHERST — The contract extension for University of Massachusetts men’s basketball coach Derek Kellogg gives him a considerable bump in compensation and increased incentives for the Minuteman to be successful on the court and in the classroom.

He is guaranteed to make at least $665,000 annually and that could reach $800,000 if certain incentives are met. The new deal, which replaces the final two seasons of the initial six-year contract that Kellogg signed in 2008, runs through April 22, 2017.

“I just appreciate the school, (athletic director) John McCutcheon, to President (Robert) Caret, Chancellor (Kumble) Subbaswamy on down making a commitment to me and the men’s basketball program,” said Kellogg, who graduated from UMass in 1995. “This is a place I want to be. I want to build the men’s basketball program into a consistent winner. This is a message that UMass is serious about men’s basketball and that the program is headed in the right direction.”

McCutcheon said it was an easy negotiation.

“In Derek we have a person that we know wants to be here. He’s a big part of the program’s history and wants to be a big part of the program’s future,” McCutcheon said. “We want him to be part of the program for a long time. In our view, the things he’s done to get us where we are and all indicators of where we’re going to go in the future and the way he’s done it, just solidifies how much we want to keep him here.”

Kellogg received a $35,000 raise in his base salary, bringing him to $250,000 per year.

The bigger boost came in the section of his contract listed as “other compensation.” He will now receive $415,000 annually for speaking appearances and television and radio shows compared to $310,000 during the 2011-12 year.

Kellogg could earn as much as another $135,000 if he meets some combination of the following incentives. (The contract caps his “other compensation” at $550,000.)

$75,000 for making the NCAA Tournament $25,000 for a final ranking of 60 or better in the Ratings Percentage Index which compares all Division I teams based on their on-court success and strength of schedule $25,000 for strength of schedule ranked in top 75 $25,000 for 20 Division I wins $20,000 if home attendance averages over 5,500 fans per game. $20,000 for reaching the NIT $20,000 for finishing among the top four teams in the Atlantic 10 Conference $20,000 for team academic progress rate score of over 940 $20,000 for a graduation retention rate of 80 percent of higherKellogg said he is glad his contract includes incentives based on academic success.

“That’s as important to me as the basketball stuff because the kids here should be student-athletes,” he said. “We want all of our kids to graduate and have opportunities for life after basketball.”

The new contract did not change additional incentives based on postseason success that are not subject to the $550,000 “other compensation” cap. Kellogg would receive $25,000 for each round that UMass advances in the NCAA Tournament, and $5,000 per round of the NIT.

If Kellogg leaves before the end of his contract, he would now have to pay UMass a $500,000 penalty which is an increase of $200,000 from his original agreement.

Matt Vautour can be reached at mvautour@gazettenet.com. Follow UMass coverage on Twitter at twitter.com/GazetteUMass. Get UMass coverage delivered in your Facebook news feed at www.facebook.com/GazetteUMassCoverage.




 


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