On Monday afternoon, the contract former Utah State men’s basketball coach Craig Smith has signed with his new employer, the University of Utah, was released.
Here are some of the key points.
New Utah basketball coach Craig Smith has signed a six-year deal with $12.6 million guaranteed, according to a contract obtained by the Deseret News.
— Jay Drew (@JayDrewonUtes) March 29, 2021
Per Craig Smith's contract, the U. will pay $400,000 to Utah State University in "partial payment" for Smith's buyout with the Aggies.
— Jay Drew (@JayDrewonUtes) March 29, 2021
What this means is that if a school hires Craig Smith away from Utah, it would be on the hook for these amounts .... https://t.co/PLMGcX9rh2
— Jay Drew (@JayDrewonUtes) March 29, 2021
More on Craig Smith's contract: First year his base salary is $1.85 million. It goes up by $100,000 each year of the six-year deal. So in 2026, (barring extensions, new contract) Smith will be making a base of $2.4 million a year.
— Jay Drew (@JayDrewonUtes) March 29, 2021
For some context on the Craig Smith contract: When Utah hired Larry Krystkowiak on April 3, 2011, he signed a five-year deal that initially paid the then-New Jersey Nets assistant $950,000 per year.
— Jay Drew (@JayDrewonUtes) March 29, 2021
This story will be updated.
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