Football's George Welsh and basketball's Terry Holland tentatively have agreed to new long-term contracts that likely mean they will finish their coaching careers at the University of Virginia, Athletic Director Dick Schultz said yesterday.
Welsh, 51, who last season led the Cavaliers to their first bowl appearance in school history, last night said he would like to coach "at least five more years . . . I don't know if I want to coach for a lifetime. I've always had it in the back of my mind I want to do something else before I retire completely."
He said he had no idea what that second career would be.
Under the terms of what Schultz called "a complete-compensation package," both Welsh and Holland have agreed to coach at Virginia for the next five years.
At the end of the fifth year and at the end of each additional season for the following five years, either the coach or the school can opt out of the coaching phase of the contract. In that case, each coach could elect to become an associate athletic director or fund-raiser for the remainder of the contract, Schultz said.
He said he expects contracts to be signed within 30 days. Holland currently is in the middle of recruiting and Welsh is involved in spring practice, causing the delay.
Schultz declined to discuss financial details of the contracts, as did Welsh. Holland, who was said to be out of town recruiting, was unavailable for comment.
Welsh, whose team was 8-2-2 last season and defeated Purdue in the Peach Bowl, has two years remaining on the original five-year contract he signed when Virginia hired him away from the U.S. Naval Academy.
Holland, 42, is in the final year of a five-year contract. He missed some games this season when he was hospitalized for a mysterious intestinal ailment, and there was some speculation that he would step down because of his health.
"Terry's health problem is pretty well under control," Schultz said yesterday.
Holland just completed his 11th season at Virginia. Despite going 17-16 with a relatively young team, Holland has a 231-111 career record, has taken the Cavaliers to the Final Four twice (including last year) and established Virginia basketball as one of the nation's traditional powers.
Schultz said the "total-compensation package" includes commitments for radio and television programs, two of the more lucrative aspects of a coach's revenue. Schultz said that the coaching salary would be adjusted annually.
The new contracts are being structured the way they are, Schultz said, because "neither coach wants to coach that much longer."
Welsh, who played at Navy and was a longtime assistant at Penn State before returning to his alma mater, is mentioned almost anytime there is a vacancy for a major job in the professional or college ranks. Many observers think Welsh might leave Virginia if Joe Paterno were to leave Penn State.
"If we (finish getting it) put together, he'll finish his coaching career here, unless something drastic happens," Schultz said.
That "something drastic" is not the Penn State job, Welsh said last night: "It's unlikely that I would leave. I think it's unlikely (Holland's) going to leave (soon), too."