DJ Durkin’s five-year, $12.5 million contract to coach the Maryland football team is laced with incentives and a potentially costly buyout, according to a memorandum of understanding obtained by the Washington Post.
Durkin’s contract includes a percentage-rate buyout. Should Maryland terminate Durkin without cause, it would pay him 65 percent of his remaining contract. Half of the buyout would be paid to Durkin through a lump sum within 60 days, while the other half would be paid out through installments in normal university payroll intervals.
The memorandum also details the price of Durkin’s buyout should he choose to leave the school before his contract is up. Durkin would owe the school $2 million if he left during the first two years of the contract, $1 million if he left during his third or fourth season and $500,000 if he left after the fourth year.
Durkin, 37, hired by Maryland on Wednesday, will make $2.4 million in his first season, with that amount increasing by $50,000 in each subsequent year. His deal will automatically be extended to a sixth year should he remain the coach after one season.
The deal is also loaded with incentives. Durkin could earn as much $625,000 in performance-based bonuses per season.
He would receive $50,000 if Maryland reaches the Big Ten title game, and another $50,000 if the Terrapins win. He would earn $200,000 if Maryland plays in the College Football Playoff title game, $150,000 for a national semifinal berth or $75,000 an appearance in one of teh major bowl games known as the New Year’s Six. Durkin would earn $25,000 for taking Maryland to any other bowl. He would earn $50,000 for winning national coach of the year and $25,000 for being selected Big Ten coach of the year.
Durkin, who made $500,000 as Michigan’s defensive coordinator last year, will also receive a suite at Byrd Stadium and 24 tickets apiece to home and road games. He will also receive four tickets to each Maryland men’s and women’s home basketball game.
The school also gave Durkin a $30,000 stipend to move from Michigan to Maryland, as well as a monthly car allowance of $1,000 and an annual cellphone stipend of $1,440.
Durkin attended the men’s basketball team’s win over Saint Francis (Pa.) on Friday night and received a standing ovation from the crowd at Xfinity Center when he was introduced during the first half.
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