Additional details have been made public about Coach Jacobson's new 10 year contract:
•The yearly base salary is $400,000, plus a media fee of $200,000 and longevity pay of $125,000, as well as other possible bonuses. The previously released amount of $900K is actually a 10 year average. He will start at $775K next year, get a $50K raise the following year and $25K raises each remaining year of the contract to max out at $1.025 million.
•Bonuses include: $10k for MVC Coach of the Year, $15k for MVC regular season championship, $15k for MVC tourney championship, $10k for NIT bid + $10k per NIT win, and $25k for NCAA tourney bid + $40k per NCAA tourney win and $100k for the Final Four. Also, bonuses ranging from $10K-$25K for home attendance.
•Jacobson and his agent cannot seek, discuss or negotiate with another school about a coaching vacancy without notifying athletic director Troy Dannen.
•If Jacobson leaves UNI for another school before May 31, 2017, the Panthers would be owed 50 percent of whatever dollar amount remains on the contract. The buyout dips to 40 percent if Jacobson departs prior to May 31, 2019, and 30 percent prior to 2024. Each year Jake can designate 2 universities that if he were to leave and coach there, the buyout of his contracted is capped at $1 Million.
•If Jake falls out of the top 3 in compensation in the Valley, his buyout is effectively 0 and he gets an annual $30,000 fee.
•Assistant coaches compensation is to be in the top two in the Valley.
•Jacobson will have use of a courtesy vehicle for personal or business use. If a vehicle is not available, he is entitled to an allowance of $600 per month.
•The coach is provided golf club membership to Beaver Hills Country Club and Sunnyside Country Club.
http://www.desmoinesregister.com/story/ ... /26904355/http://wcfcourier.com/ben-jacobson-s-co ... 03996.html(thanks to those on Panthernation who gleaned much of this content from the articles -- I've copied and pasted some of their posts here)