Brady Hoke signs contract to lead U-M football program through 2016
Brady Hoke has signed a six-year contract to lead the U-M football program as the 19th coach in its 132-year history.
Hoke's base compensation for the first year is $2 million — $300,000 in base salary and $1.7 million in additional compensation. The additional compensation increases by $100,000 each of the six years of the contract, which was signed Monday and extends through December 2016.
Athletic Director Dave Brandon said the pact reflects the confidence that the athletic department and the university have in Hoke, whose hiring was announced in January.
Hoke said his focus is on making the Wolverines the best football program in the nation.
"The contract was handled by my agent and the university," he said. "I couldn't tell you what's in the contract other than my signature. The university offered Laura (his wife) and I an opportunity to coach at Michigan and that's been my dream. Nothing will change my focus."
The contract is paid from athletic department resources. No funding from taxpayers or the university's general fund is used to pay the salary.
Hoke is scheduled to receive a "stay bonus" of $1.5 million in years 2013 and 2016 should he remain as U-M head coach, and he will earn a deferred-compensation credit of $250,000 for the first year on the contract, with increases of $100,000 in deferred-compensation credits each year through 2016 as long as he is head coach. He is to receive the deferred compensation at the end of the 2013 and 2016 seasons.
Hoke will receive an average of $3.25 million per season over the life of the contract.
Rich Rodriguez, Hoke's predecessor, had a six-year contract that averaged $2.5 million per season in base compensation. The new contract is in line with compensation paid to top coaches in the Big Ten.
“It's a big job with a lot of expectations and we feel very good about how much we're compensating him to help us reach those expectations,” Brandon said. “Brady's contract puts him in the top third of the Big Ten and that's where the Michigan football coach should be.”
The compensation pool for Hoke's nine assistant coaches is $2.76 million, up from approximately $2.2 million that was paid to Rodriguez's staff ($1.95 million at the time of his initial contract).
Hoke spent eight years on the Wolverines' defensive coaching staff, from 1995-2002. He was part of Big Ten championship teams in 1997, 1998 and 2000, which included the 1997 national championship team. For the last two seasons he was head coach at San Diego State University.