Spurrier to make another $1 million for Under Armour contract

According to an article by Ron Aiken of The Nerveformer South Carolina football coach Steve Spurrier has another $1 million coming to him, even after his resignation from the job earlier this fall.

Spurrier resigned as head football coach for South Carolina in October.

Spurrier is getting that money due to the apparel contract he helped facilitate between the school and Under Armour in 2007. Of the $6.2 million Under Armour has paid the school, Spurrier reportedly has received $5.5 million of it.

The following are payments due to Spurrier, as stipulated in the contract between Under Armour and the University:

  • $900,000 in FY 2010-11 ($300,000 to USC, $600,000 to Spurrier)
  • $950,000 in FY2011-12 ($112,500 to USC, $837,500 to Spurrier)
  • $1,000,000 in FY 2012-13 ($37,500 to USC, $962,500 to Spurrier)
  • $1,050,000 in FY 2013-14 ($300,000 to USC, $750,000 to Spurrier)
  • $1,100,000 in FY 2014-15 ($100,000 to USC, $1,000,000 to Spurier)
  • $1,200,000 in FY 2015-16 ($200,000 to USC, $1,000,000 to Spurrier)

In addition to those payments, Spurrier also received incentives totaling $50,000 – $10,000 each for going to five bowl games from 2010-2014, raising his direct compensation from Under Armour since 2010 to $5.2 million.

Athletic director Ray Tanner has indicated that he is open to exploring new apparel options, even as Under Armour has expressed their desire to renew the contract.

Nonetheless, the University cannot explore other options until Jan. 2, 2016, per their contract.

 

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*Featured Photo (above) credit to USA TODAY Sports